On the investment side, just this week computing company Shadow raised a huge €51 million Series A. And on Thursday, it was reported that South Korean search engine giant Naver will open an incubator, Space Green, in the Parisian startup campus Station F. In doing so, Naver would be following Facebook's example, the social media behemoth having launched a startup programme there in January.
The perfect storm of political capital, notable fundraising companies and corporate interest could help to reinvigorate French VC deals. According to the PitchBook Platform, completed VC investments in France fell slightly in 2016 year on year to 438, although value increased 4% to €1.58 billion. This is in line with a wider trend of more money being ploughed into fewer deals, something which again is being replicated in France so far this year.
Completed VC deals for French companies
These positive factors also come at a time when Europe’s VC crown is up for grabs. Uncertainty across the channel is undoubtedly spooking investors and companies with UK interests, while upcoming elections in Germany could throw questions over the country's future economic direction. With a thriving startup and VC scene in Paris, combined with some of the biggest names in the technology world, France appears difficult to bet against.