France loses nearly half its capital volume while deal count rises
90 days to 2026-07-01
France recorded €2,052M across 68 deals in the recent 90-day period, down from €3,912M across 57 deals in the prior period — a decline of €1,860M, or approximately 47%, making it the largest absolute capital contraction among all 12 tracked countries. Despite the volume drop, deal count rose by 11, compressing average deal size from roughly €69M to roughly €30M.
In the prior period France ranked second among the 12 countries by capital volume, trailing only the UK (€3,912M versus €7,549M). In the recent period it has fallen to third, with Germany now recording €3,421M against France's €2,052M. The UK and Germany both grew — by approximately 48% and 16% respectively — while France contracted, making France the only top-four market to decline significantly across the two windows.
The broader 12-country dataset shows total recent capital of approximately €23,120M versus a prior total of approximately €19,500M, meaning the overall market expanded by roughly 19%. France's contraction therefore runs counter to the aggregate trend, and its share of total tracked capital fell from approximately 20% in the prior period to approximately 9% in the recent one.
Explore the geographies →AI-generatedWritten by an AI model from Tech.eu Funding Explorer data (2026-07-01). Every figure is automatically verified to trace to cited funding rounds before publishing. Not investment advice. Labelled for AI transparency (EU AI Act Art. 50, applicable from 2 Aug 2026).