Startup funding in France 2026
January to September 2026. Data as of 23 October 2026.
Release
Total
Startups in France raised $8.2B in 243 venture rounds from January to September 2026, 5th of 119 countries, according to FundingWatcher.
Without rounds of $100M or more
9 rounds of $100M or more hold 74.1% of that money. Without them, France raised $2.1B, 6th of 119 countries.
Largest round
The largest round was Mistral AI in Paris: $3.5B, Series D, in September 2026.
Cities
Paris startups raised $7.2B, 88.2% of the national total, ahead of Grenoble with $191M.
Early stage
Pre-seed, seed, angel and Series A rounds under $100M: 212 rounds, $1.5B.
Source
Source: FundingWatcher, startup funding by country and city 2026, https://fundingwatcher.com/research/startup-funding-by-country-2026/
Cities
| City | Rounds | Total | Under $100M | Rounds of $100M+ |
|---|---|---|---|---|
| Paris | 137 | $7.2B | $1.4B | 7 |
| Grenoble | 6 | $191M | $57M | 1 |
| Istres | 1 | $135M | $0 | 1 |
| Lyon | 9 | $97M | $97M | 0 |
| Toulouse | 9 | $65M | $65M | 0 |
| Romainville | 1 | $58M | $58M | 0 |
| Sassenage | 1 | $36M | $36M | 0 |
| La Bourse | 1 | $30M | $30M | 0 |
| Reims | 1 | $30M | $30M | 0 |
| Franceau | 1 | $29M | $29M | 0 |
| Bordeaux | 3 | $20M | $20M | 0 |
| Artannes-sur-indre | 1 | $20M | $20M | 0 |
Largest rounds
| Company | City | Round | Date | Amount |
|---|---|---|---|---|
| Mistral AI | Paris | Series D | 2026-09-08 | $3.5B |
| Advanced Machine Intelligence | Paris | seed | 2026-03-10 | $1.0B |
| Alan | Paris | Series G | 2026-06-24 | $545M |
| Pennylane | Paris | Series E | 2026-01-20 | $204M |
| Harmattan AI | Paris | Series B | 2026-01-12 | $200M |
| Morpho Labs | Paris | Series B | 2026-06-09 | $175M |
| Bionyra | Paris | Series A | 2026-06-22 | $165M |
| Hynaero | Istres | Series A | 2026-03-22 | $135M |
| Quobly | Grenoble | Series A | 2026-06-03 | $134M |
| Naboo | Paris | Series B | 2026-02-09 | $70M |
Method
243 rounds in France in the FundingWatcher startup file: companies whose most recent round is a named stage, pre-seed and angel through Series J, dated January to September 2026. One round per company, the latest. Debt, grants, corporate rounds, private equity and secondary sales are not counted. 229 of the 243 rounds carry an amount. Method and data files: startup funding by country and city, 2026.
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