Investment in French startups has experienced a marked transition over the past decade.
Gone are the days where France hosted a network of hardware manufacturers; tech hubs in the country now contain a collection of video game developers, apps and streaming sites.
Over the past year, the French startup scene has been gaining momentum once more.
Index Ventures and Parisian Accelerator The Family notes that 86 companies in the most recent Deloitte Technology Fast 500 index of EMEA (Europe, Middle East, Africa) were French, more than any other country.
It stands to reason then, that each month brings around fresh investment in French startups. Whilst the infographic above highlights the top 10 investments, here is a closer look at the top 3 funding rounds during the month of June.
Believe Digital is a leading independent digital distributor and label services provider for artists and labels worldwide.
Under the direction of founder Denis Ladgaillerie, Believe provides dedicated label & international campaign management, trade & digital marketing services, comprehensive video management & distribution, synchronization, neighboring rights and runs in-house record label Believe Recordings.
Its $60m private equity round from investors including GP Bullhound and Technology Crossover Ventures, represents the largest investment in French startups during the early summer.
Aledia develops and manufactures LEDs based on unique 3D architecture – gallium-nitride (GaN)-on-silicon microwires.
The technology uses standard silicon wafers and existing CMOS wafer-fabrication processes and tools, enabling production of LED chips at 25 percent of the cost of traditional planar LED chips.
Founders Philippe Gilet, Xavier Hugon and Giorgio Anania managed to entice ATI Technologies, Braemer Energy Ventures and others to participate in a $31m Series B round.
INNOV8 Group founder Stephane Bohbot and his company are plugging their motto “Technology becomes a lifestyle.”
In short, Innov8 Group is a holding company through which its subsidiaries designs and distributes luxury handhelds accessories. The company distributes mobile phone and accessories through its own stores, department stores, fashion stores and watches and jewelry networks, franchisees, and affiliates.
Innov8 is headquartered in Paris, and its subsidiaries can be found in Lyon, Hong Kong and Shenzhen.