Capital raising services in France

France's VC ecosystem has produced more than 30 unicorns since 2019, with Paris consistently ranking as the top continental European city for late-stage fundraises.

Sorare, ContentSquare, Dataiku and Aircall have each raised landmark growth rounds from Tier 1 global investors, demonstrating that French founders can access the same capital markets as their US and UK counterparts when the preparation is right.

We help mid- to late-stage French startups raise growth capital on the best terms the market will bear. Our work blends a thorough financial model build with pitch deck development, extensive VC investor introductions spanning French, pan-European and US growth funds, and rigorous end-to-end process management from the first LP meeting through to term sheet negotiation.

321

VC rounds raised in the last 12 months in France

$59M

Median VC valuation (across all stages) in France

21x

Median VC revenue multiple (across all stages) in France

$2.0B

Largest VC round raised in France in the last 12 months

Raising venture capital in France

France has the largest VC market in continental Europe by capital deployed, with Paris as the centre and active funds out of Lyon, Marseille and the broader French Tech ecosystem. Most rounds use France Invest model documents and a familiar set of pre-priced instruments for bridges.

France Invest model documents

France Invest (the French private capital association, formerly AFIC) publishes the model term sheet, shareholders' agreement and articles used as the starting point for most VC rounds. Series A and later rounds tend to negotiate around these documents rather than draft from scratch.

BSA-AIR (French SAFE)

Bon de Souscription d'Actions à Investissement Réutilisable - the French equivalent of a US SAFE or UK ASA. Used for pre-priced bridge rounds with a conversion at the next round at a discount or capped valuation. Less universal than US SAFEs but the standard format when convertibles are used.

Round structure norms

Priced equity rounds dominate from seed onwards. Standard preference structure is 1x non-participating liquidation preference with broad-based weighted average anti-dilution. French boards tend to have slightly more shareholder representation than UK equivalents, reflecting the legal distinction between the conseil d'administration and the comité de direction.

IR-PME shapes seed economics

French angel and seed rounds are frequently structured to preserve IR-PME eligibility for individual investors - 25% income tax credit, capped tickets, five-year holding requirement. Some seed VC funds (FCPI, FIP, FCPR) carry their own tax-advantaged status that imposes additional structuring constraints.

Foreign investment review

Investissements Étrangers en France (IEF), administered by DG Trésor at Bercy, requires pre-completion authorisation for non-EU investors acquiring control of a French company in roughly 17 sensitive sectors (defence, AI, dual-use, critical infrastructure). Even minority US-led seed rounds can require notification when the target sits in scope.

Closing mechanics

Closings typically involve a capital increase recorded by a notary or in the company's registers, followed by formalities at the Greffe du Tribunal de Commerce. Transfer of shares attracts a 0.1% registration duty (droits d'enregistrement) on share transfers - newly issued shares are exempt.

Largest private tech companies in France

Mistral AI valued at $13B is the largest still privately-owned company in France.

See all large tech companies in France

Logo		Description
	Mistral AI	Mistral AI is a Paris-headquartered developer of open-source large language models outperforming GPT-3.5 benchmarks. The company releases models like Mistral 7B, Mixtral 8x7B with 46.7 percent MT-Bench scores, and Pixtral 12B for vision-language tasks. Enterprises deploy these via La Plateforme API supporting 80 billion parameter models for coding, translation, and summarization. Mistral AI partners with Microsoft Azure and NVIDIA for inference hardware. Founded in 2023, it serves clients in automotive and finance across Europe and the U.S.	Sep-25	$2.0B Series C	$13B
	Doctolib	Doctolib is a Paris-headquartered online booking platform serving 80,000+ practitioners across France, Germany, Italy, and expanding regions. Patients book appointments 24/7 with GPs, dentists, and therapists via app or web. The software manages agendas, teleconsultations, and prescriptions, integrating with French and German health records. Founded in 2013, it handles 100 million annual appointments.	Mar-22	$554M Series F	$6.4B
	Alan	Alan delivers digital health insurance services from Paris, France. The company supplies supplemental health coverage to businesses including telemedicine consultations, online claims processing, and mental health support. Alan serves small and medium enterprises across France with tailored group policies. Founded in 2016, it partners with medical networks for rapid reimbursements and preventive care programs.	Mar-26	$118M	$5.9B
	Back Market	Back Market is a Paris-headquartered online marketplace for refurbished smartphones, laptops, and appliances. Operating in 18 European countries plus the United States and Japan, it connects certified refurbishers with buyers, selling over 6 million devices since 2014. The platform guarantees two-year warranties and employs 700 staff across Paris, New York, and Berlin.	Jan-22	$504M Series E	$5.7B
	Contentsquare	Contentsquare is a Paris-headquartered digital experience analytics platform leveraging AI to analyze customer behaviors, frustrations, and intent through session replays and heatmaps. The company empowers brands like IKEA, Marks & Spencer, and Leroy Merlin to optimize websites and apps for better conversion rates. Established in 2012, Contentsquare operates offices in New York, London, and Tel Aviv, processing billions of sessions annually to drive digital transformations.	Jul-22	$400M Series F	$5.6B
	Qonto	Qonto is a digital banking platform for European SMEs, freelancers, and startups, offering business accounts, cards, invoicing, and expense management via mobile app and web. It supports multi-currency transfers, SEPA payments, and integrations with accounting software like Xero and QuickBooks. Paris-headquartered, Qonto operates in France, Germany, Italy, Spain, and Belgium, holding banking licenses through partnerships with Solarisbank and Trees. Founded in 2017, the neobank serves over 450,000 businesses with real-time notifications and automated reconciliation.	Aug-22	$200K Pre-seed	$5.1B
	PSG	PSG is a Paris-based mobile app developer associated with Paris Saint-Germain Football Club, creating official fan engagement applications like PSG Official and PSG Handball for iOS and Android. These apps deliver live match updates, ticket sales, merchandise access, and exclusive content to 50 million global supporters. Compatible with devices from iPhone 3G onward, PSG's digital tools integrate AR experiences and player stats tracking.	-	-	$4.9B
V	Vantage Studios	Vantage Studios is a video game development subsidiary jointly owned by Ubisoft and Tencent, established in 2025 following Tencent's approximately $1.25 billion investment into a newly created Ubisoft entity in which Tencent holds a roughly 25% stake. Headquartered with operations across Ubisoft studios in Montréal, Quebec City, Sherbrooke, Saguenay, Barcelona, and Sofia, the company brings together thousands of developers under a single "creative house" structure. It oversees the development and expansion of three of Ubisoft's largest franchises—Assassin's Creed, Far Cry, and Rainbow Six—and is led by co-CEOs Christophe Derennes, a long-tenured Ubisoft veteran and Ubisoft Montréal co-founder, and Charlie Guillemot, son of Ubisoft CEO Yves Guillemot.	-	-	$4.4B
	Sorare	Sorare is a Paris-headquartered fantasy soccer platform using NFT collectible cards licensed from clubs like Manchester United, Bayern Munich, and FC Barcelona. Players build teams from over 300 clubs across 20 leagues to compete in weekly tournaments with Ethereum rewards. Founded in 2018, Sorare generated $1.8 million in card sales during December 2020 and expanded to MLB and NBA in 2022. The platform hosts 200,000 monthly active users globally.	Sep-21	$680M Series B	$4.3B
	Pennylane	Pennylane is a cloud-based financial operations platform automating accounting, invoicing, and expense management for European SMEs. Paris-headquartered since 2019, it integrates bank feeds, payroll, and tax compliance tools from providers like Stripe and Qonto, serving over 200,000 businesses across France.	Jan-26	$207M Series E	$4.3B
	Advanced Machine Intelligence	Advanced Machine Intelligence develops AI systems that model real-world environments from sensor data. Machine learning architectures create abstract representations of physical and digital spaces to support reasoning, prediction, and action planning. Research covers world models for continuous data processing, outcome evaluation by AI agents, and safety mechanisms, with applications in industrial automation, robotics, wearables, and healthcare. The company publishes research and builds software frameworks for system experimentation and deployment.	Mar-26	$1.0B Seed	$3.5B
	Mirakl	Mirakl is a Paris-headquartered SaaS provider of enterprise marketplace platforms for B2B and B2C sectors. Founded in 2012 at mirakl.com, it enables brands like Leroy Merlin and Best Buy to launch scalable online marketplaces, managing over 100 million products across global clients.	Sep-21	$555M Series E	$3.5B
	ManoMano	-	Jul-21	$355M Series F	$2.2B
	PayFit	PayFit is a Paris-headquartered SaaS provider automating payroll, expense management, and HR compliance for SMEs in France, Spain, Italy, and the United Kingdom. The platform processes salaries, generates payslips, and handles social declarations integrated with local tax authorities. Serving over 250,000 companies, PayFit connects with accounting software like Sage and Xero. Founded in 2016, it raised funds from investors including Eurazeo and expanded via acquisitions like LeaveBoard for time-tracking features.	Jan-22	$285M Series E	$2.1B
	BlaBlaCar	BlaBlaCar is a Paris-headquartered carpooling platform operating in 22 countries including Europe, Russia, Turkey, Mexico, Brazil, and India. It links drivers with passengers for long-distance trips, enabling cost-sharing through its website and mobile apps. Features include verified profiles, declared identities, and chatty level indicators from Bla to BlaBlaBla to build trust. Backed by investors such as Accel Partners, Insight Ventures, Index Ventures, Lead Edge Capital, Baring Vostok, and ISAI, the service maintains offices in over a dozen countries worldwide.	Jun-22	$15M Series A	$2.0B
	Ankorstore	-	Jan-22	$281M Series C	$2.0B
	Exotec	Exotec is a Lille, France-headquartered robotics firm producing the Skypod goods-to-person system for e-commerce warehouses. Installed in facilities handling up to 1 million picks per day, Skypod deploys fleets of autonomous vehicles on vertical storage racks adaptable to ambient and chilled environments for clients like LVMH and Decathlon.	Jan-22	$329M Series D	$2.0B
	Voodoo	Voodoo is a Paris-headquartered mobile game publisher specializing in hypercasual titles such as Helix Jump and Aquapark.io. The studio develops and distributes free-to-play games across iOS and Android platforms worldwide.	Aug-21	$314M strategic inv.	$2.0B
	Vestiaire Collective	Vestiaire Collective is a Paris-headquartered marketplace for authenticated pre-owned luxury fashion. Founded in 2009, it connects 7.5 million members across 50 countries via vestiairecollective.com, listing 140,000 items weekly from brands like Chanel, Gucci, and Rolex. The platform employs 110 independent experts for authentication in hubs including London, New York, and Milan, guaranteeing 98 percent item approval. Vestiaire Collective extends to resale services with brands like Gucci and promotes circularity through take-back programs, operating warehouses in Roubaix and Secaucus.	Sep-21	$206M Series I	$1.7B
	Ledger	Ledger is a Paris-headquartered developer of hardware wallets and security infrastructure for cryptocurrencies and blockchain applications. Founded in 2014, the company produces Nano S Plus and Nano X devices featuring certified secure elements for offline private key storage. Ledger supports individual users via its Ledger Live desktop and mobile app for portfolio management across thousands of coins and tokens. Enterprises rely on Ledger Vault, a SaaS platform for secure custody of diverse digital assets against IT and physical threats. The firm applies its secure chips to industrial IoT, linking sensors and machinery to smart contracts. Manufacturing occurs at a facility in Vierzon, France, complemented by offices in San Francisco.	Mar-23	$108M Series C	$1.5B
	Harmattan AI	Harmattan AI is a developer of AI-powered autonomous systems for military and defense, including unmanned vehicles, sensor fusion, mission planning, and simulation tools across land, air, and sea domains.	Jan-26	$200M Series B	$1.4B
	Brevo	Brevo is a Paris-headquartered cloud marketing platform founded in 2012. Formerly Sendinblue, it offers email campaigns, SMS transactional messaging, CRM tools, and automation for SMBs and e-commerce. Users access newsletter builders, segmentation, A/B testing, and analytics to nurture customer relationships across sales funnels.	Sep-20	$160M Series B	$1.1B
	Spendesk	Spendesk is a spend management platform providing virtual cards, expense automation, and full visibility for finance teams. Founded in 2016 and Paris-headquartered, it serves thousands of businesses including Algolia, Soundcloud, Curve, Doctolib, Gousto, Raisin, Sezane, and Wefox. Spendesk powers CFO Connect, a global community exceeding 7,000 finance leaders, through spendesk.com across Europe.	Jan-22	$112M Series C	$1.1B
	Questel	Questel is a Paris-headquartered intellectual property management firm serving organizations in over 30 countries with software and services for patents, trademarks, domains, and designs. The platform employs AI, big data, and blockchain for portfolio optimization, prosecution workflows, and cost reduction averaging 30 to 60 percent on budgets. Questel combines tech tools with expert networks across Europe, Asia, and the Americas for corporate and law firm clients.	Nov-20	$477M	$1.1B
	Pigment	Pigment is a Paris-headquartered business planning platform processing real-time data from ERP, CRM, and HR systems for dynamic forecasting. Launched in 2019, it enables scenario modeling, financial consolidation, and workforce planning through gopigment.com for enterprises like Unilever and Merck.	Apr-24	$145M Series D	$1.0B
	Shift Technology	Shift Technology is a Paris-headquartered software provider of AI-powered fraud detection and claims automation for insurers. The company processes insurance transactions across claims adjudication, underwriting, and policy lifecycle management in over 55 countries. Shift Technology integrates with core systems at carriers like AXA and Generali to reduce fraud losses and accelerate resolutions. Founded in 2014, it received Frost & Sullivan’s 2020 Global Claims Solutions Market Leadership Award for its machine learning models.	May-21	$220M Series D	$1.0B
	Swile	Swile is a Paris-based super app consolidating employee benefits including meal vouchers, mobility passes, and gift cards on a single smartcard. Launched in 2018, it adds workplace tools like peer recognition, event planning, P2P transfers, and engagement surveys. Analytics dashboards track satisfaction metrics for HR teams across French enterprises.	Oct-21	$200M Series D	$1.0B
	Lydia	Lydia is a Paris-headquartered mobile payment platform enabling peer-to-peer transfers, bill splitting, and merchant transactions via a single app linked to bank cards. Founded in 2013, it supports NFC payments, crowdfunding, and salary advances across France, Spain, Germany, and Italy. The service processes millions of transactions monthly for consumers and businesses.	Dec-21	$100M Series C	$1.0B
	EcoVadis	EcoVadis is a sustainability assessment platform rating business practices for global supply chains. Paris-headquartered since 2007, it evaluates suppliers on environment, labor, ethics, and sustainable procurement using standardized scorecards. EcoVadis serves clients like Google, Apple, and Renault, covering 200,000 companies across 175 countries with sector-specific benchmarks.	Jun-22	$500M Series C	$1.0B

Startups who recently raised money in France

Largest VC round raised recently in France was a $1.0B Seed of Advanced Machine Intelligence in March 2026.

See all VC rounds in France

		Description	Investors
Mar-26	Advanced Machine Intelligence	Advanced Machine Intelligence develops AI systems that model real-world environments from sensor data. Machine learning architectures create abstract representations of physical and digital spaces to support reasoning, prediction, and action planning. Research covers world models for continuous data processing, outcome evaluation by AI agents, and safety mechanisms, with applications in industrial automation, robotics, wearables, and healthcare. The company publishes research and builds software frameworks for system experimentation and deployment.	Bezos ExpeditionsHV Capital+10	$1.0B	$3.5B	Seed
Jan-26	Pennylane	Pennylane is a cloud-based financial operations platform automating accounting, invoicing, and expense management for European SMEs. Paris-headquartered since 2019, it integrates bank feeds, payroll, and tax compliance tools from providers like Stripe and Qonto, serving over 200,000 businesses across France.	BlackstoneCapitalG+4	$207M	$4.3B	Series E
Jan-26	Harmattan AI	Harmattan AI is a developer of AI-powered autonomous systems for military and defense, including unmanned vehicles, sensor fusion, mission planning, and simulation tools across land, air, and sea domains.	Dassault AviationFirstMark	$200M	$1.4B	Series B
Mar-26	Alan	Alan delivers digital health insurance services from Paris, France. The company supplies supplemental health coverage to businesses including telemedicine consultations, online claims processing, and mental health support. Alan serves small and medium enterprises across France with tailored group policies. Founded in 2016, it partners with medical networks for rapid reimbursements and preventive care programs.	Antoine GriezmannBelfius Bank+7	$118M	$5.9B	Undisclosed stage
May-26	UroMems	UroMems is a Grenoble, France-based medical device company specializing in adjustable implants for stress urinary incontinence. Its flagship UroActive device features remote adjustability via magnetic technology to optimize treatment outcomes post-implantation. The firm has received Breakthrough Device Designation from the FDA and conducts clinical trials in the United States and Europe targeting patients unresponsive to traditional therapies.	Ajax Health	$60M	-	Undisclosed stage
Apr-26	Aura Aero	Aura Aero is a Toulouse-based aircraft manufacturer developing the Electric Ranger, a hybrid-electric regional plane for 10 passengers aiming for zero-emission flights by 2026. The company focuses on decarbonizing short-haul air transport with sustainable aviation technologies. Founded in 2021, Aura Aero collaborates with Airbus and Safran for certification in Europe.	Blast. ClubBpifrance+5	$58M	-	Series B
Feb-26	GitGuardian	GitGuardian is a Paris-headquartered code security platform scanning Git repositories for leaked secrets like API keys and passwords. Its honeytoken technology detects compromises in CI/CD pipelines and IDEs. Adopted by Ubisoft and Datadog, GitGuardian monitors public GitHub repos and internal repos for Fortune 500 firms. Launched in 2017, its VS Code extension leads GitHub Marketplace security apps.	Balderton CapitalBpifrance+5	$50M	-	Series C
Feb-26	Hublo	Hublo maintains a digital staffing marketplace linking hospitals, clinics, and retirement homes with healthcare professionals in France. Facilities post shifts and review candidate profiles to fill positions swiftly.	Revaia	$47M	-	Undisclosed stage
Mar-26	Cryptio	Cryptio is a Paris-headquartered SaaS platform for crypto accounting and reconciliation. Founded in 2018, it automates bookkeeping for 500 enterprises handling $100 billion in annual volume. The tool ingests data from 300 exchanges and DeFi protocols like Uniswap, generating GAAP-compliant reports. Cryptio integrates with QuickBooks and NetSuite for treasury management.	1kxAlven+5	$45M	-	Series B
Jan-26	FineHeart	FineHeart is a cardiovascular medical device company developing the FC Heart pump, a miniaturized full support ventricular assist device. Lyon-based in France, the firm innovates in cardiac recovery technologies for heart failure patients. Founded in 2013, FineHeart prepares for first-in-human implants following CE Mark progress and partnerships with cardiovascular centers.	DoliamEuropean Innovation Council Fund+5	$42M	-	Series C
May-26	Dust	Dust is a no-code platform for creating AI-powered virtual employees tailored to business workflows. Paris-headquartered, it integrates large language models with internal documents, APIs, and tools to automate tasks in sales, marketing, engineering, and customer support. Dust enables teams to deploy customizable agents that access proprietary data while maintaining security and compliance.	AbstractDatadog+2	$40M	-	Series B
May-26	EDF Power Solutions	EDF Power Solutions is a developer, builder, and operator of low-carbon power plants along with flexibility solutions, decarbonization services, and transmission assets.	-	$40M	-	Undisclosed stage
Feb-26	Vizzia	Vizzia provides a crime-solving platform used by European cities for safer communities through data-driven insights on cleanliness and security.	Base10 PartnersHEADLINE+1	$35M	-	Series B
Dec-25	Spark Cleantech	Spark Cleantech is a developer of methane plasmalysis technology for hydrogen production in the Czech Republic. Prague-headquartered, the company employs plasma discharges to split methane into hydrogen and solid carbon, achieving higher efficiency than electrolysis. Founded in 2019, Spark Cleantech's pilot plant processes 1 ton of methane daily, targeting industrial-scale deployment by 2025.	360 CapitalAsterion Ventures+2	$35M	-	Series A
Mar-26	Santexpat.fr	Santexpat.fr is a Paris-based digital platform founded in 2020 that provides health insurance for French expatriates in over 200 countries. Users compare more than 100 international policies and subscribe online, accessing 24/7 teleconsultations with French-speaking physicians. The service caters to global mobility needs with coverage for medical expenses, repatriation, and family plans tailored to expat lifestyles.	Malakoff Humanis	$31M	-	Series B

Top VCs and strategic investors in France

Bpifrance, Kima Ventures, Better Angle and Drysdale Ventures funded the most startups in France in the last 12 months.

See all VCs in France

	Description	Key portfolio
Bpifrance	Bpifrance is a Paris-headquartered public investment bank owned by the French state and Caisse des Dépôts that finances SMEs, mid-caps, and innovation projects. It offers loans, equity, guarantees, and export financing through funds like Large Venture and InnoBio, operating via 50 regional offices across France.	SonomindSquareMindAudion+2	222	Seed
Kima Ventures	Kima Ventures is a Paris-headquartered early-stage venture capital firm founded in 2010 by Xavier Niel of Iliad. It focuses on seed and Series A investments globally, often as lead investor, and maintains an office in London. The firm backs technology startups in sectors like fintech, SaaS, and consumer internet, providing founders with capital alongside operational support and a network of entrepreneurs. Kima Ventures emphasizes rapid decision-making to minimize fundraising distractions.	Cleo LabsSillagePlayruo (eShot Labs)+2	91	Seed
Motier Ventures	Motier Ventures is a Paris-headquartered family office of Galeries Lafayette owners investing in early-stage tech startups across fintech, web3, and commerce infrastructure. It deploys capital from pre-seed to Series A in European companies like payment gateways and NFT marketplaces. The firm leverages retail networks from BHV and La Redoute for pilot testing and customer introductions.	PistonTopographLinkup+2	33	Seed
Better Angle	Better Angle operates as a micro venture capital firm investing in early-stage startups across technology sectors.	CleavrTopographBlify+2	31	Seed
Y Combinator	Y Combinator is a San Francisco-headquartered startup accelerator that funds and mentors early-stage technology companies across sectors like software, biotechnology, and fintech. Since its inception in 2005, it has propelled alumni including Airbnb, Dropbox, and Stripe through intensive three-month programs featuring Demo Days and investor networks.	Condor EnergyParallel 1245Escape+2	31	Pre-seed
Elaia	-	MyCLinkupSim&Cure+2	27	Seed
Seedcamp	Seedcamp is a Europe-based seed investment fund backing technology founders targeting global markets. The portfolio encompasses over 400 startups including publicly listed UiPath and Wise, unicorns Revolut, Hopin, Sorare, Pleo, wefox, and growing firms like Grover, viz.ai, and Ezra. Established over a decade ago, the London-headquartered fund delivers capital, community support, and a worldwide network.	OmniscientTopographLupin & Holmes+2	23	Seed
50 Partners	50 Partners is a Paris-based accelerator and venture capital fund founded in 2012 by 50 prominent French technology entrepreneurs including Xavier Niel and Marc Simoncini. The firm invests in early-stage B2B SaaS and marketplace startups across Europe with ticket sizes ranging from 150,000 to 500,000 euros. It has supported over 100 companies such as Payfit and Back Market through its six-month acceleration program that provides mentorship, office space in Station F, and access to a network of corporate partners like Orange and BNP Paribas. 50 Partners maintains a portfolio active in sectors like fintech, HR tech, and logistics.	getinsideDowgoGetMint+2	23	Seed
Daphni	Daphni is a Paris-based venture capital firm founded in 2015. It invests in technology startups with European origins and international growth potential, focusing on user-centric models. Backed by the daphnipolis network of over 200 entrepreneurs, executives, and advisors, Daphni employs a digital platform for investment transparency and efficiency. The firm manages funds through daphni.com to support early-stage companies in software and consumer sectors.	PistonLeviathan DynamicsOWLO+2	19	Seed
Drysdale Ventures	Drysdale Ventures is a Paris-based angel fund investing up to €500,000 in early-stage startups, with follow-ons in subsequent rounds. Managed by experienced investor Nicolas Essayan, it targets FinTech, DeFi, infrastructure, consumer, gaming, and business solutions, particularly those leveraging AI and supporting French founders.	SillageOmniscientPiston+2	11	Seed

What if not VC? Non-equity funding in France

France has the deepest non-dilutive funding stack in Europe - between Bpifrance, the CIR, JEI status and IR-PME-driven angel capital, a typical French startup can run for 18-24 months without ever signing a VC term sheet.

IR-PME / Madelin angel rounds

Individual investors get a 25% income tax credit for investing in qualifying SMEs, capped at €50k single / €100k joint per year. Five-year holding requirement to preserve the credit. The largest single driver of structured French angel investment outside professional funds.

Crédit Impôt Recherche

30% cash refund on the first €100M of qualifying R&D spend (5% above), paid within roughly nine months for SMEs and JEIs. Often the single largest source of non-dilutive cash for an early-stage French tech company; can equal a full seed round in size for R&D-heavy businesses.

Bpifrance grants and loans

Bpifrance offers innovation grants, zero-interest Prêt Innovation and Prêt Amorçage loans, plus equity co-investment alongside private VCs. The single largest source of state-backed startup capital in Europe; most French Series A rounds include a Bpifrance ticket.

JEI status

Jeune Entreprise Innovante status exempts employer social charges on R&D personnel for up to eight years. For an early-stage tech company with five engineers on payroll, the saving is typically €100k+ per year. Stacks cleanly with the CIR.

Crowdfunding

Wiseed and Anaxago are the two main French equity crowdfunding platforms, both authorised by the AMF. Used for raises typically from €300k to €2M, often layered on top of a lead investor. Useful for consumer brands and impact-driven companies looking to combine capital with community.

Venture debt

Bpifrance Prêt Croissance and Prêt Innovation cover the public side. Kreos, Bootstrap Europe and Claret Capital Partners are the main private venture debt providers active in France. Typically used post-Series A to extend runway without dilution.

Why Flow Partners as your capital raising advisor?

We operate across four key principles that continuously allow us to deliver successful capital raising advice to winning founders in France.

Kraft KPI-driven narrative

High-growth companies require thorough understanding to accurately capture their value potential. We build compelling, data-driven equity stories that resonate with investors and minimize due diligence intensity.

Move fast and cut the BS

We have a strong appreciation for the power of speed and efficiency when fundraising. Expect a rigorously efficient deal process with minimized management distraction. Founders run the business, we pick up the heavy lifting.

Access relevant investors

Our close relationships with leading late-stage VC and growth equity investors as well as non-traditional capital providers, like family offices and sovereign wealth funds, enable us to find best-fit partners for a given scenario.

Valuation is only one part of the equation

When it comes to growth capital, valuation is only one side of the medal. We help to bridge incentive gaps between founders and investors and make sure you raise money on best possible terms.

We provide capital raising services across France and beyond

Sector expertise

Explore our VC fundraising offering across a variety of tech sectors in France.

Software

Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity

AI & ML

Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting

Fintech

Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software

Consumer internet

Consumer software subscription platforms, edutech, online content, social networks, online dating

Digital media

Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR

E-commerce & marketplaces

Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms

Consumer products

Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products

Mobility

Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure

Digital health

Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS

Industrial technology

Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing

Digital infrastructure

Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS

IT services

Software development and testing, digital transformation, cloud services, advertising agencies, IT support services

Selected case studies

We've advised companies from series A to series D and beyond.

Our capital raising experience spans across various tech sectors and geographies.

See all case studies

We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.

Recently completed VC fundraising projects

Selected capital-raising mandates and prior investment experience.

Capital raising

Portfolio of online consumer lending platforms in Iceland

Capital raising

Online marketplace to buy second-hand clothing in Mexico and Colombia

Capital raising

All-in-one internal communication platform for employee engagement

Capital raising

AI-driven cybersecurity and IP protection software

Capital raising

Leading factoring platform in Icelandic market

Capital raising

Mobile gaming studio focused on esports community

Capital raising

Largest independent car sharing provider in Germany

Capital raising

Turkey-based cybersecurity platform for breach simulation

Capital raising

European satellite and terrestrial network provider

Capital raising

Accounting software for SMEs and freelancers in Germany and Austria

Capital raising

Technology platform and DTC brand for personalized skincare

Capital raising

Online marketplace for scrap metal trading

Investment

€50m investment from Geely. All-electric air taxis with vertical takeoff and landing.

Investment

$60m investment from TPG. ID authentication and digital record conversion software.

Investment

Investment from Silver Lake. Online intercity bus service across Europe, North America and Brazil.

Investment

Growth investment. Cloud-based sales CRM and pipeline management software.

Investment

$30m growth investment. Food and beverage brand with plant-based protein products.

Investment

Investment from WPP / Kantar. Digital and behavioral data intelligence provider.

Investment

Growth investment. Recruitment app for employer-candidate social media engagement.

Investment

Growth investment. End-to-end search engine optimization platform.

Investment

Investment from Acton. Virtual shopping mall and online marketplace platform.

IPO Advisory

€68m IPO. Career-oriented social networking site for the DACH region.

IPO Advisory

€1.2bn IPO. Czech digital infrastructure platform (telecom and ICT).

IPO Advisory

€41m IPO. Europe's largest online car and motorcycle tire platform.

Got questions?

Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.

Unlike traditional fundraising advisors, we truly understand tech businesses and the unique challenges they face. Our investment banking background combined with deep sector expertise allows us to build compelling equity stories and reach the right investors with conviction.

More services

We're with you before and after raising VC money: we help you organise your FP&A as fractional CFOs, and coordinate your M&A process.

Fractional CFO in France

We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.

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M&A in France

We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.

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Capital raising services in France

Raising venture capital in France

France Invest model documents

BSA-AIR (French SAFE)

Round structure norms

IR-PME shapes seed economics

Foreign investment review

Closing mechanics

Largest private tech companies in France

Startups who recently raised money in France

Top VCs and strategic investors in France

What if not VC? Non-equity funding in France

IR-PME / Madelin angel rounds

Crédit Impôt Recherche

Bpifrance grants and loans

JEI status

Crowdfunding

Venture debt

Why Flow Partners as your capital raising advisor?

Kraft KPI-driven narrative

Move fast and cut the BS

Access relevant investors

Valuation is only one part of the equation

We provide capital raising services across France and beyond

Sector expertise

Explore our VC fundraising offering across a variety of tech sectors in France.

Selected case studies

We've advised companies from series A to series D and beyond.

Recently completed VC fundraising projects

Selected capital-raising mandates and prior investment experience.

Got questions?

How is Flow different from other capital raising advisors?

What stages do you cover?

How long does a fundraise typically take?

What is your fee structure?

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Fractional CFO in France

M&A in France

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Fractional CFO

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