France was one of the few countries in Europe to increase its investment amount in 2022. In 2021, Paris surpassed Berlin as the city with the most investment. In 2022, the total investment amount in France surpassed Germany, making it the second country in Europe to raise the most funds after the United Kingdom.

In 891 investment rounds last year, $13.6 billion was invested. 41% of the investment amount consisted of 25 mega investments of $100 million or more. In addition, the total amount of investments between $10 million and $100 million increased by 21% compared to 2021, reaching $5.9 billion.

In 2022, finance and health startups were once again the sectors that received the most investment. In the finance sector, 115 startups received a total of $2.68 billion in investment. There were seven startups in the finance vertical that received investments of over $100 million. In the health sector, 71 startups received investment. Due to only one startup in the health vertical receiving over $100 million, the total investment amount remained relatively low at $1.11 billion. After the finance and health verticals, the energy vertical was the third most invested sector, with 66 energy startups receiving a total of $1.22 billion in investment.

2022 French Startup Ecosystem Funding Report (Excel)

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