It has been widely reported that Emmanuel Macron, one of the candidates in the race to become France’s next president, has been running his campaign like a startup. This may be due to his deal-making background—he used to be an investment banker at Rothschild & Cie—or simply a necessity for a candidate who only founded his party last year and has no large infrastructure to fall back on.
Indeed, the one-time minister of Economy, Industry and Digital Affairs has ties to the French startup scene, underscored by his 2016 trip to CES in Las Vegas, accompanying 190 young French companies and showcasing the ecosystem.
Since the start of 2015, 268 VC firms have completed at least one France-based venture deal, per the PitchBook Platform, with 562 deals closed in total during the span. Capital invested through these deals ticked up from €1.24 billion in 2015 to €1.31 billion a year later despite a decrease in the number of overall deals; the figure stands at €255 million so far in 2017.
Of the 268 investors active in the country, 39 have completed multiple deals in the last six months.
Take a look at the top five VC investors in France since the beginning of 2015, along with their investment counts (excluding accelerators):