French venture capital barometer
2nd semester 2013
We are pleased to present the very first edition of our French Venture Capital Barometer. As France is
seeking the drivers of sustainable growth, the ability to allow innovative medium-sized companies to
develop is crucial. These companies are the economic powerhouse of Europe in terms of growth and
employment, as well as key ambassadors of our country around the world. Following the examples
of the United States or Israel, it is now critically important to make France a “startup nation”.
Our VC Barometer reveals three major trends for the second half of 2013:
Top 5 Investments
Idinvest Partners, Industrial Investors et Rusnano, Innovation
Capital, Nanodimension, Sofinnova Ventures, Ventech
• The position of France as 3rd most active country for VC in Europe.
A Plus Finance
360 Capital Partners, Bpifrance Participations,
Idinvest Partners, Ventech
Investment by industry segment
Abingworth Management, Bpifrance Investissement,
Omnes Capital, Sofinnova Partners
672 M$ raised in 177 deals in the second half of 2013
Les Fonds Partech
Franck Sebag, EY Partner, France VC and IPO Leader
Balderton Capital, Bpifrance Investissement,
Idinvest Partners, Iris Capital, Silver Lake Sumeru
• The vast amounts invested in Biotech and Medtech.
Number of deals
• The significant weight of the digital sector.
Top venture capitalists
Galileo Partners, Bpifrance Investissement, Idinvest
Partners, Iris Capital, Menlo Ventures, Omnes Capital
Top 3 Countries for VC activity
(percentage of total amount raised)
Geographical distribution of deals within the EU
(percentage of total number of deals)
Investment by stage of development
Average amount invested
3rd round and more
15% Others EU countries
30% United Kingdom
The French Venture Capital Barometer lists all deals of equity financing made by venture capitalists in companies in their start-up or early stages, from 1 July to 31 December 2013 (deals published before
21 January 2013).
French data presented in this barometer are provided by Dow Jones VentureSource, CFNEWS and CapitalFinance. European data are provided by Dow Jones VentureSource. Data processing and analysis are made
according to the EY methodology and realized by Ernst & Young et Associés. The barometer only accounts for the deals which amount has been disclosed.
Internet services include activities such as e-commerce, lead marketing, geomarketing or mobile apps.
Figures within the ‘Top venture capitalists’ section come from internal sources and were sent for validation to the venture capitalists.
Euro amounts were changed to dollar according to the closing rate on 31 December 2013 which is 1EUR = 1,3791USD, according to Natixis.