Funded Blockchain and Cryptocurrency Startups in France
Paris accounts for all 15 companies in this dataset, making Ile-de-France the clear center of French blockchain and cryptocurrency venture activity.
Paris accounts for all 15 companies in this dataset, making Ile-de-France the clear center of French blockchain and cryptocurrency venture activity. Disclosed round sizes range from $2M seed deals — Bolero and Waltio both at that floor — up to Morpho Labs' $50M raise in August 2024, the largest amount in the set. The most recent Series A rounds closed at Spiko ($22M, July 2025) and Dfns ($16M, December 2024), while Hexa pulled in $32M in March 2025 under an undisclosed structure.
A notable cluster formed in the final weeks of 2024, with Billy, Bitstack, Dfns, and Usual Labs all closing between November 5 and December 23. Early-stage formation remains active alongside that later-stage activity: five seed-stage companies appear in the data, and Byzantine Finance closed a $3M pre-seed in February 2025. The dataset spans rounds dated from November 2023 through August 2025.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among French blockchain and cryptocurrency startups in this dataset?
Morpho Labs leads with $50M (August 2024), followed by Hexa at $32M (March 2025) and Spiko at $22M Series A (July 2025). Dfns ($16M Series A, December 2024) and Crypto Blockchain Industries ($14M, June 2024) round out the top five disclosed amounts among the 15 companies shown.
Are French blockchain startups concentrated in a specific city?
All 15 companies in the dataset are Paris-based, operating within the Ile-de-France region. No other French city appears across the set, making Paris the singular hub for funded blockchain and cryptocurrency activity visible here.
What funding stages appear most often in this segment?
Seed and Series Unknown rounds each account for five of the fifteen entries. Three companies — Spiko, Usual Labs, and Dfns — closed Series A rounds, and Byzantine Finance represents the one Pre-Seed deal at $3M. The high share of 'Series Unknown' labels means stage classification for several companies remains incomplete in public data.
Was there a notable cluster of fundraising activity in late 2024?
Four companies closed rounds in roughly seven weeks at the end of 2024: Billy on November 5, Bitstack on December 12, Dfns on December 18, and Usual Labs on December 23. Combined disclosed value for that window exceeded $35M.
Which companies closed rounds in 2025?
Six of the fifteen companies have 2025 round dates: Kriptown (undisclosed, August 4), Spiko ($22M Series A, July 17), The Blockchain Group ($7M, July 15), ULTRA ($12M, April 3), Hexa ($32M, March 19), and Byzantine Finance ($3M Pre-Seed, February 25). Total disclosed 2025 funding across those five with known amounts is $73M.
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