Series B Funded Startups in France
Across the 50 Series B rounds listed for France, one disclosed amount stands far above the rest: Mistral AI raised $502M on 2024-06-11, while the next-larg…
Across the 50 Series B rounds listed for France, one disclosed amount stands far above the rest: Mistral AI raised $502M on 2024-06-11, while the next-largest disclosed rounds are Scintil Photonics at $58M (2025-09-14) and ZE Energy at $59M (2024-11-05). The list also shows a strong geographic concentration: Ile-de-France hosts many of the largest and most frequent entries, including Alice & Bob ($104M, 2025-01-28), Zama ($57M, 2025-06-25), and Sundayapp ($21M, 2025-11-13). In time, rounds span from 2023-11-07 (Quandela, $54M; Uzaje, $12M) through 2025-11-27 (Water Horizon, $21M). Sector-wise, Biotechnology, Financial Services, and AI/Information Technology each appear repeatedly, with Biotechnology including multiple Series B rounds in 2025 (e.g., BrainEver $39M on 2025-07-03; Osivax $11M on 2025-03-04).
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Frequently asked
What’s the clearest outlier in these French Series B rounds, and how does it change the “top of the market” view?
Mistral AI’s disclosed $502M on 2024-06-11 is the standout outlier; the next-highest disclosed amounts are much lower, such as ZE Energy’s $59M (2024-11-05) and Scintil Photonics’ $58M (2025-09-14), reshaping how the upper tail should be interpreted.
Which geography dominates the list, and can you point to examples near the top of disclosed amounts?
Ile-de-France is heavily represented, including the two biggest disclosed rounds besides the $502M outlier: Alice & Bob in Paris at $104M (2025-01-28) and Zama in Paris at $57M (2025-06-25). The same pattern continues with other large entries like Sundayapp (Paris) at $21M (2025-11-13) and Flowdesk (Paris) at $50M (2024-01-18).
Do the recent rounds cluster in a narrow time window toward 2025?
Yes. Several of the largest 2025 entries appear in a late-2025 cluster, including multiple $21M rounds in November 2025 (Water Horizon $21M on 2025-11-27; Sundayapp $21M on 2025-11-13; nextProtein $21M on 2025-11-03). The newest date in the table is 2025-11-27, while the oldest dates shown start at 2023-11-07.
Which sectors show up most often across these 50 rows, and where do you see that repeated pattern?
Biotechnology repeats multiple times (e.g., BrainEver $39M on 2025-07-03; Osivax $11M on 2025-03-04; Eligo Bioscience $30M on 2023-12-05), and Financial Services also recurs (e.g., Finary $30M on 2025-09-20; Orus $29M on 2025-06-24; Flowdesk $50M on 2024-01-18). AI/Information Technology similarly shows repetition, including 73 Strings AI ($55M on 2025-02-18) and Nabla AI ($24M on 2024-01-05).
Are there unusually small disclosed rounds compared with the rest, and which one is the low end?
The smallest disclosed amount in the rows is $5M (NETRI on 2025-02-02; and CarThera on 2023-12-11, both at $5M). That low end sits far below the dominant disclosed levels seen in many entries (e.g., Scintil Photonics $58M on 2025-09-14; Alice & Bob $104M on 2025-01-28).
How much is “top-end” concentrated around certain sectors, based on the disclosed largest rounds?
The highest disclosed rounds are tied to a small set of sectors: Mistral AI’s $502M (AI, 2024-06-11) contrasts with other upper-tail entries like Scintil Photonics ($58M, Hardware, 2025-09-14), ZE Energy ($59M, Energy, 2024-11-05), and Alice & Bob ($104M, Information Technology, 2025-01-28). This suggests the upper tail spans tech-adjacent categories rather than one single vertical.
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