French Venture Capital: €10B+ Annual Market
France’s VC ecosystem deployed $13.2 billion in 2024, neck-and-neck with the UK as Europe’s largest venture market. The ecosystem benefits from strong institutional participation via Bpifrance, a growing roster of local mega-funds, and increasing international VC presence.
Top French VC Firms
| Fund | AUM | Focus |
|---|---|---|
| Eurazeo | €35B+ | Growth equity, buyout, venture |
| Partech | €1.5B+ | Seed to growth (Africa + Europe) |
| Elaia Partners | €1B+ | Deeptech, digital |
| Idinvest (Eurazeo) | €10B+ | Venture, growth, private debt |
| Breega | €400M+ | Seed, Series A |
| Singular | €300M+ | B2B SaaS, deeptech |
International VC Presence
Sequoia Capital, Accel, Index Ventures, General Catalyst, and a16z all have active French portfolios. The 2024 Paris AI Action Summit accelerated US VC interest in French AI companies. European mega-funds (Atomico, Balderton, Northzone) also deploy heavily into France.
Bpifrance: The Anchor Investor
Bpifrance (€50B+ in managed assets) operates as France’s sovereign innovation bank, co-investing alongside VCs and providing LP capital to French fund managers. Bpifrance’s involvement de-risks deals and signals government commitment — see our full Bpifrance analysis.