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France leading Europe for startup funding in 2016

14.04.2016

A report last week by European tech industry news website Tech.eu announced the number of investments in European startups so far in 2016. The results were outstanding in France, which saw 97 investments in January and February, up from 14 during the same period last year, storming ahead of its main rivals, the United Kingdom (86 investments) and Germany (69).

While the number of investments alone may be impressive, France also boasted the highest growth compared with 2015. The 97 investments themselves amounted to €371 million in all, over just two months.

For those still unsure about France’s dynamic business environment, the report added that no fewer than 33 foreign investment funds took a stake in French startups in 2015, investing between €10 million to €100 million. All eyes will be on France over the rest of the year to see if it stays the course.

 

Source: Business France