France is Europe’s second most active venture market, successfully fund-raising companies in key fields (like Withings in connected objects, Crocus in components, Supersonic in medtech and Gensight in cleantech/biotech).
Still, in 2013, British companies managed to raise 80% more funds than those in France. And French VCs can’t be blamed for this discrepancy as they have similar financial capability to their British colleagues. No, what really generates the issue is that France has not managed to show the world how much it has changed over the past fifteen years. Foreign VCs often aren’t aware of how the start-up culture has grown to develop an innovative efficient ecosystem that produces experienced and capable managers.
In their presentation, the two speakers show how much France has evolved into a high-potential venture market whose main challenge now is to ameliorate its reputation abroad.