French Tech Fundraising Declines Over 30% in 2024 to €5.8 Billion; AI Startups Provide Stability at 44% of 2021 Peak

In 2024, fundraising in the French tech sector continued to decline, with total funding reaching €5.8 billion, marking a decrease of over 30% compared to the previous year. This trend mirrors a broader stabilization in European funding, which remains at 44% of its peak of $117 billion in 2021. Late-stage funding has experienced the steepest drop since the peak period for funding in Europe. While overall investment has decreased by 7% year-on-year in France, the rise of artificial intelligence (AI) startups has provided some stability, with industry experts noting that political instability has contributed to a cautious approach among investors. Franck Sebag from EY highlighted that the shift towards AI as a key sector is influencing investment dynamics.