Macron win prompts relief for VCs investing in France
May 10, 2017
Emmanuel Macron swept to victory this weekend in the French presidential election, clinching 66% of the vote to beat far-right candidate Marine Le Pen.
Macron’s backing of (and ties to) innovative companies, in addition to his dealmaking background at Rothschild & Cie, have been widely covered, but some of his proposals and their impact on the VC landscape deserve closer attention.
During the presidential campaign, he called for a “right to experiment” law that would exempt startups from regulations that could hinder the testing of new technologies. He has also said he would support the EU’s Digital Single Market initiative and the creation of a €5 billion VC fund to support European businesses.
Such proposals have been largely welcomed by VC investors and the wider tech industry, with prominent supporters of Macron including former Atari chief Bruno Bonnell, Marc Simoncini, founder of dating website Meetic, and Jacques-Antoine Granjon of online retailer Vente-Privee.com.
With that in mind, here are the top five VC investors in France since the beginning of 2016, according to the PitchBook Platform, along with their investment counts: