It’s fair to surmise that the French tech-scene is enjoying its time in the spotlight.
After experiencing possibly its most successful week ever, the French government is also generating excitement to highlight the efforts of its domestic entrepreneurs.
It has also been leading massive delegations at trade shows such as CES in Las Vegas and Mobile World Congress, Barcelona.
This new-found enthusiasm has been dubbed ‘La French Tech’.
With that in mind, it’s not surprising that investor activity in the country is growing and in particular, these 5 VC backed French startups should be watched closely.
Algolia provides a hosted search API that allows websites and mobile applications to increase user engagement and conversions and boasts over 600 customers in 50 countries.
In May it completed a Series A funding round, led by Accel Partners, that was the largest received by a French startup at $19 million.
This brings the total money received by the company to $22.2 million which means it ranks as number 1 in the list of VC backed French startups in May.
Twenga’s recent Series A round yielded around $10 million towards the end of May.
The startup provides advanced traffic acquisition solutions for over 40,000 customers in 15 countries.
This Parisian based company secured a $7 million Series B round in May bringing its total funding received to nearly $15 million from 5 investors.
The startup develops casual games and online applications for social networks and investors responded positively which means it makes the list of VC backed French startups.
Oxford Capital Partners led the May round.
Piq closed a deal worth $6 million in May – it’s first ever funding round.
Tapping into the wearables market, Piq aims to be used in many different sports providing innovative metrics that help the user measure and track performance and compete at a higher level.
Last on the list of French startups with the most funding in May is Sublime Skinz. Around $5m was raised in total from Isai, a fund for French entrepreneurs.
Sublime Sinz is an advertising technology company, specializing in the distribution and performance of digital skin-based advertising on a network of over 2,000 websites.