France loses nearly half its capital volume while deal count rises

France recorded €2.05B across 68 deals in the recent 90-day period, down from €3.91B across 57 deals in the prior period — a decline of €1.86B, 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 (€3.91B versus €7.55B). In the recent period it has fallen to third, with Germany now recording €3.42B against France's €2.05B. 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 €23.1B versus a prior total of approximately €19.5B, 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.

AI-generatedWritten by an AI model from Tech.eu Funding Explorer data (2026-07-01). Figures are checked against the underlying data and each draft is reviewed by an independent second model before publishing; anything unverifiable is held back. Not investment advice. Labelled for AI transparency (EU AI Act Art. 50, applicable from 2 Aug 2026).