The financing of French Tech companies is going through a profound change, for both cyclical and structural reasons. While a few sectors such as AI or greentech continue to attract investors, fundraising is becoming more complex, pushing start-ups towards a “slow growth” model focused on profitability. Disparities are also felt depending on their maturity: the first stages of financing remain supported thanks to business angels, while series B and C are becoming rarer.
This is the observation drawn up in the special report published by Le Nouvel Economiste at the start of the year.
Our partner, Fabien Billet, shared his analysis of the market in this article, specifying in particular that “start-ups close to profitability, operating in robust markets with high margins, manage to finance themselves on very favorable conditions.”