French VC fundraising rebounds albeit concentrated

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French VC is connected way for its champion fundraising twelvemonth since 2023, but 1 money has done astir of the work.

According to PitchBook's Q2 2026 France Market Snapshot, French VC raised €2.4 cardinal (about $2.7 billion) successful the archetypal fractional of this year, already surpassing the €1.7 cardinal raised successful the full of 2025.

Paris-based biopharma capitalist Jeito Capital's $1.2 cardinal adjacent of Jeito II successful March accounts for much than 40% of that total.

Another ample biopharma fundraise was the €215 cardinal adjacent of Kurma Biofund IV successful April, backed by Eurazeo, the Australian pharmaceutical institution CSL, the European Investment Fund, and Bpifrance.

Outside the Jeito close, authorities superior and coordinated organization commitments person kept the remainder of the marketplace afloat.

France's authorities concern slope Bpifrance remained the astir important stakeholder successful the VC ecosystem. It accounts for astir 30% of each effect and early-stage concern successful the state and committed €10 cardinal to the AI assemblage successful February past year, according to PitchBook's 2026 France Private Capital Breakdown.

Separately, France's Tibi 2 program, launched successful 2023, has much than 30 French organization investors, corporates, and household offices pledging to put astir €7 cardinal collectively successful eligible tech-focused funds done the extremity of 2026.

A fewer unfastened VC funds that are presently successful the marketplace tin further buoy France's VC fundraising momentum.

These see Atlantic Vantage Point's late-stage vehicle, targeting €1.5 cardinal and the largest money presently fundraising successful the market, and Bpifrance's Large Venture Fund 3, targeting €750 million.

This nonfiction primitively appeared connected PitchBook News