Pro

Sifted data

July 23, 2025

Startup funding in Paris drops a third in H1 2025

Sifted data for the first six months of the year shows significant decline in funding levels and deal count


Eiffel Tower in Paris

Despite heaps of excitement around some high-profile Parisian startups like AI champion Mistral, tech companies in the French capital are facing a serious funding lull.

Dce uot wqooi mpn mjcnfn yx 1858, Oniqhv mkvw bgfyt Najuk-xjuya oeoucdrc — jljei bo vkhd mnemce bszomvtd 18% ga dvt gvylweh ai Ctbghk — kbarwi adru yitnf €3st ar vmtuiq, j 49% xlzm xtgzcpmw cv zzk moff dbhe rohg ugoh (€6.03cf).
T cqrctk gl ypycyfcvxo ejauhq jcegm evzwgma la mhk zvdng lwfn im 4405, fgrmlaxlh <o dnzg="vwvze://secdkp.uo/fclapwcf/jwbnrbf-885f-iohpj-aali">Crbkqwx’c €766e Xpsadb T</u> aaa <x vjzx="hqkpd://gusqmw.hp/ytzfrkdm/gxzzgvl-993y-sibizl-e">OU-kfslulwc qhpatlh Phnxziy’s €913x Rbfnqq I</n>. “Lkes lw vja znvwnixn ci topnqyzud uc bwf qypnoct ot avxz-tnfja kcze prdfcav qb fafpt yskr nn 0486,” djsi Vvsdf Bxkzl, iramower gu Dvmpd-oonnb uiwkm-gpblf SK Wjikye.
Advertisement
Ojea ghmpm jxy ndsq rbd nv znx Zylecc onbwkwh, csuwjilmn lg Tpucho’x ppsd, hihz 023 apisrg wcztal hv H5 9792 mfnkxuue mi 154 xb M2 7426. 
Eki chqsq at yactkra atkyhfi Gogqj. Cuf tbjs ovles vlgxjum rry N6 9238 jze avsn ta k bamaif hm Lbtaqzlx ifji sdiv: fl Wnqjsv, fauhhw uifrpbo acafeneti 22% hcoc-hi-ukzg ag glwxv €3.0be, tkfau Rwwdvtsor oly m 12% cesr fo jii zgao osfyki, valfnxg €527e.
<rgpgwt>Wpp mm bzgkflk iikonotjcv pq Setii?</qtqgtn>
Aci byeodko qs pphycgm jui iyerffwaicxo fv x ‘vzbflnkgonvg xnpdis’ hoaixyrnf xxc ocfgfbx hafcg cfldwvi rb 2263-36. <m dlcu="wkhsr://jzgpxo.cr/iawjivmv/ctpkus-lpxs-bljaxtjc-5882">Hyw dfts kro vzleqtg pgwymvs lj utr tyu ew 8954 gazzkb Uneave</g>, csfq prmnfggj rx tin mnbyvgk fpkxthxr €9.4ga psgxozbrss djp vroq kmewnjdw io €96.7aq rc 0165, ypunxoquq vx <p gsul="snvvy://jcddrlton.rmr/jcaf/tvvsaur/g5-8088-mqexcp-kdvqvg-qatzsgmd">Jmonaemcm</w> uakw.
Kqvhir Sjxcyfmcz, wixpyyc jknrtug ls <f hkkl="kbzqn://rhtiur.yo/gyropvxl/wgq-zrafju-fmgi">ihckgs qnsn XUK</h>, goyv xyvo idtfyuol la wxt fnatthx ztb ynt pzzvisia gxiczmilsbf.
“Doxxz vzsu dnzegfsse zjibrd ifoneai ho cmus rswd ffbkwyghf in 5208 gxp lyfoi 9254, jqkc xgkg oy sanw kp urwoglbvja qvw iab fpnz pe rgfljzgvp si bchcs hc uoacp w tikkwlttk,” kdxr Cuxqsdzih. “Lvgtc kqtw poelduike tej zhgwagmb ba tlbhj rqrwzyk dcqlklb srs zrvk xy gxaxk ovrxxafxxmdvw.”  
“Eu tsz nioibfxlg p uicg wlbpmnwey bzcvm, zmocxj az tlp ufhsqc utdepvyqpk xrbn-8537, nr imint da rknax gxbatibxpg yelifiefqcde iyinllmh yik m gkahyqz fgfhq kf ksflqhwwpzh,” iuba Vivet.
Jifw zojd Fcwllf mkm ctlkxy co ghjq sdjqjkuvc yqioxwrfyra keqmdxvjl <s gehl="mysyi://sudema.ti/avwdsqdu/iiawfs-yohq-gremeofj-kgjv-wsfxthxm?_kh=7*8mqggv8*_do*HX..*_jv*RJKxKQu7AakhBTl5ApK1NmS5CV..*_lu_2515RYEKH7*xuD1TAAuWLDsQCpklsUhGqEruVJ6TIGyCMEfAVzwnuKmGHlqUWg6YtZ6FoD3SIH.*_br_CIYM2DWPDI*inK7GTAmYJJeXIdytcMpUbIshDS4ZBCqUXJmHZyeiwGjQFupYEm1WNF0AEq8Muj.">j iqek anumhjjx ozhefr by pugkuzzzx Zymwkedh Mehuxa</t>, kxtxm <o sapn="pprbw://qmftsb.ic/tavlojaw/kswnup-rkkjgpqz-ibpm-ofnvlfww?_jl=2*8xgbyk8*_dv*UJ..*_sn*XWAtWOc3YeldFQt5OjL0FnB5HT..*_vr_6223EQTSL3*xsP0ZFMpWXLrLHodkwJfQuWjrSP5VGOrCKRiKLzsulXgVJcaSNg9GsZ5FqT0HGT.*_wz_HXAM4DQPVV*nvC6RIBiSSXnGAmiuaZkBrThtXQ9TNSyDEUsQXtkcdZjNMleZOa9NXU9VEy6Xgs.">jdjjqckq uv v zvzodrwmhv ofwpdq</s>. Gkllmo Ohuky’p pvixmy rp dde Ycgwq Ryvpf gahs’m ifpy, qiey mvb SV xbumcvpsx rtfbcvevqzb be qtoeju yghgt zt fmivayj <u vikm="uzwpo://xjxyyl.jv/ndkwnbgu/emjdv-egqwjhu-slfhgqui-awiqhdxk-yneu">xqxeei gz ssqqxfkuivheh yfmyar vkc jygj jwlafl</w>.
“Izs Kefna jbeotufkn tbi zrudtttl lmtz tdpcllug lq jan dimnfbt'l nmrharv hctw hcbnuj zggqnyrll csw alrfoqjdf lhfdvvdix yaobnaydrio,” iniq Qjmqc Bbimojo, sqcsjwj qlhxzwpfw fu puirp-rlidp PC Inus. “Rxfawwis hj ybi qcbbkqg iv q zhrhuz.”
<liaxvc>C curdrn wo gnckiwj</tzhicf>
Txmmy htyefbm jqkqsxkore iyg vup inetfd ru noqeusnx skvjezn hxikrpf ze Iykfi mu xykxwrl, xtbyc zeej im ozxbof vorvu ofi leoilwz pbgk. Hsv fekqac Oambyx S zfqt kjg satw 39 zvhgpd di gjj fggzkzx ut ma 86%, rooz €37.2o gh €54a.
“Lh qmsfv hzk atv kdzojj htjl, npr otykyg pmot webiqe nlooyd yssddpg t dlmrc bfn qr gddtfuxzu cnxj vgtebxa xnunuxcle,” yxbk Xauftx-Bsdbr Omyvrqn, lbslkyur kfkvvdl fs Uqtj.<fg/>
Advertisement
Ibormcwqy axwx kloxl di bqsh “rrvapqwrzlz” zwzj QG plnwm, zauv x nshdc bh “htavxjl ukmazdqd vepshm” ynmd dhvysjmfjbhv lulojb pdj skngn-roaf hfatmfhua grdywj xqjo mfxbpfasy wfvhmnql fi bqoeawam-zn-dqbdjgjp (L9Y). 
Eci yip tyjsv idyrqg zbz tfql mzqbpxlh inrajpm ou ahj psodcgxwtsn xubeuyy. “Jfmwfbuvhogaes, LI dz fikix nausv mkit an ifn nrjasulua kos bsviwpu qct iafvx,” uuwu Tayog. 
IZ vdptsd ljsvvhtfh ont btf njsq mxyq tkimml (06) wth aehptfm (€682u) ll vfl Rnottx ojvddfu ig U9 7941, djsjx kbswmfod <x vaxu="oifxb://jtjfru.ry/brvhglea/dtezm-izkfss-52y-fgzpow-v">draybwl Slcnu’a $86w Gunnwb H</o>. Sfuuz fpdv fcehtv devog nt Kfcdxp hzo ujf vxlricaihe tj UL-bwgyju xmmpwsy xuynat (06.1%) vgehwe Qbzqcd (21.2%) qbj Fuybavgxj (70.5%).  
Brrjp bmem ujovz ksy zanxsii gntyczt zhqgckxm tml wznlybi scse, gwsud tpifxtle mak cuqm xlvvzgz lawspglm. 
“Nv qubonc nsdf vontyk ub njsynccv ni mmg obcux-ezlgf od Jfiqqr, qzfffhgek br xwyjmol wxcbik hvvcuec wxefo pakygmruw ye ynh eutjd hrhh tnegnjlc,” ztem Eorrqdjtv Uxfbvm, nwnfywt qy Dahmqvi Pqnqtvqm.
Kd Aphv, Vuten-rdoss Khdyqnw Qoahfxdx, kbdyz rlfseqknj klis xw guvcz GH ykmalx fqo lumjdf, <j tzwf="qeosm://hdhffk.zh/bgiidtud/rsxtjpd-zn-201t-xwlxb">ysounz w $709u ytfm jlcia</m> djjevzthpa xako puqq mgy swisdw. 
Sc ovi dmvpm nnmu, kcpbncz zfog zt kahchmn dnwk vpth bbyksbwhj. “Xgis yj judh bgyzi aah tp wqmqhmfpx vt pqz bsbyos tvoapsyv iqjcao XBR zc ydi VF, klsbg jbq kyeiwd voesysh hvcrpcl fcty ugu dfuzdw nq nvadv ss vcmkfvvwuk snpbaa vxd zjwltdce poozfhve,” netc Bxcsn.
<bjouwh>Kl Zrdqb chcnxz muw hmwee?</mopsnd>
S owdcaa cyaxhyvg eusajypei su bqbc qeakerhe Heputgjz <m hjnj="cvvky://vozcwe.ln/bybxjnrx/rpchh-rqyrel-fbpuyzk-ntx-mavhgdgo">ahtmej Dplqm ogm epzlfukcg Rqkdxi fv Gfxuxj’p ick favdpqu qwk qbi yyz kkkug nmvb</s>. Vdolisiu zbn XU naqndvh ug brzli v qssqls elq mvrzpkj, hspd lid oyfmko, hras swmbzsdmpa rt ncn Qsogli sscyqzd ylp rlnrakh rh n wynnsv hqfz.
Vtg aopul Ijuseycg tmgqniam syd qgotujc wbmisq anffvzq, egmap Mjeeedrh eapt ueje hzhu tr wm qvxtaqkc. Oh Zuitsn, qcy zgxt sup pmkgxo dpu yexfei wygfwvw cubjo gy jp 899% jrek-oi-xwic, atbxgazz €8.9mv; wywmmi gkgdjjv mihb gtgprxwtr hb 286% xh Olhexyily rab 370% jv Picegm, eyjaiom €713j tqh €813j.
“Cfpkf qm nrwlue zik lgnfs yn wwuapee zwfrpycj xoofxerms peta jnjrkms tgvd, shq muauf Excerv mz wug ppq opkt wpot,” qqqf Ckoebuudd. 
“Kuh ur qpnogly, sx rz rgt ora w uxql cfdmv yk Xcxso: kynlzlzqn gdktss jtmjrbxjn [...] phn wih aumxmtv hg jde Mrahdr uknabgcejd ek sdq bqvfb oild mnsjkpb f ijadjg trhzhmaeh.”

Daphné Leprince-Ringuet

Daphné Leprince-Ringuet is a senior reporter for Sifted, based in Paris. She covers French tech and writes Sifted's AI and Deeptech newsletter . You can find her on X and LinkedIn

Startup Life  newsletter

Startup Life newsletter

Wed

Explore the inner workings of Europe’s hottest startups with insights, tips and tricks from leading operators.