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French Startups Are Pulling in Record Funds—And Catching Up the U.K.

  • Fledging French companies are finally pulling in record funds
  • France is inching toward an ecosystem that’s long been elusive
Xavier Niel
Xavier NielPhotographer: Eric Piermont/AFP/Getty Images

In 2017, when newly elected French President Emmanuel Macron said, “I want France to be a startup nation,” his detractors used his phrase to mock him. 

If anything, France was struggling to attract venture capital, with the annual number of investments into startups falling in 2016, lagging both the U.K. and Germany, according to data from Pitchbook.