byMediaBoost

Country comparison

China vs France: startup funding compared

Since 2 June 2025, startups in China raised $28.3B across 64 rounds, 2.4 times France's $11.8B.

ChinavsFrance
$28.3BCapital raised$11.8B
64Rounds366
$112MMedian round$6.9M
4.0%Share of all capital1.7%
27%Early-stage rounds66%

Capital raised running total by month

$28.3B$14.1B China, end of Jun 25: $97.4MChina, end of Jul: $306MChina, end of Aug: $451MChina, end of Sept: $518MChina, end of Oct: $518MChina, end of Nov: $571MChina, end of Dec: $1.2BChina, end of Jan 26: $3BChina, end of Feb: $4.4BChina, end of Mar: $4.9BChina, end of Apr: $7BChina, end of May: $7.3BChina, end of Jun: $7.3BChina, end of Jul: $11BChina, end of Aug: $11BChina, end of Sept: $12.6BChina, end of Oct: $28BChina, end of Nov: $28.3BFrance, end of Jun 25: $622MFrance, end of Jul: $1BFrance, end of Aug: $1BFrance, end of Sept: $3.7BFrance, end of Oct: $4.3BFrance, end of Nov: $4.6BFrance, end of Dec: $5BFrance, end of Jan 26: $5.4BFrance, end of Feb: $5.6BFrance, end of Mar: $6BFrance, end of Apr: $6.2BFrance, end of May: $6.5BFrance, end of Jun: $7.2BFrance, end of Jul: $7.5BFrance, end of Aug: $7.5BFrance, end of Sept: $11.2BFrance, end of Oct: $11.7BFrance, end of Nov: $11.8B Jun 25SeptDecMarJunSept
ChinaFrance
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Where the money goes share of capital by sector

China

  • AI84%$23.8B
  • Robotics & Hardware8%$2.1B
  • Other5%$1.3B
  • Health3%$765M
  • Climate & Energy1%$252M

France

  • AI66%$7.7B
  • Other8%$883M
  • Health6%$752M
  • Fintech5%$594M
  • Climate & Energy4%$453M
  • Robotics & Hardware3%$383M

Biggest rounds

China

  1. DeepSeek $15B 1
  2. Moonshot AI $3.5B 2
  3. StepFun $717M 3

France

  1. Mistral $3.5B 1
  2. Mistral AI $2B 2
  3. Alan $547M 3

Stage mix share of rounds

ChinaFrance
9%Pre-Seed and Seed47%
17%Series A19%
16%Series B5%
14%Series C and later3%
44%Other or undisclosed26%

Most active investors rounds joined

InvestorChinaFrance
Bpifrance·55
Kima Ventures·46
Daphni·11
50 Partners·10
Better Angle·10
EIC Fund·10
Speedinvest·10
Y Combinator·10
Alven·9
BNP Paribas Développement·9
Elaia·9
OVNI Capital·9

Startup hubs rounds and capital by city

China

  • Beijing19$6.8B
  • Shanghai10$1.2B
  • Shenzhen9$950M
  • Hong Kong1$400M
  • Suzhou3$170M
  • Hangzhou1$52M

France

  • Paris198$6.1B
  • Grenoble13$327M
  • Marseille5$150M
  • Malakoff1$117M
  • Lyon8$104M
  • Bordeaux7$87.2M

Latest rounds

Questions

Which country raised more startup funding, China or France?

China. Since 2 June 2025, startups in China raised $28.3B across 64 rounds, against $11.8B across 366 rounds in France, 2.4 times more. That is 4.0% and 1.7% of all the capital FundraiseBase tracked worldwide over the period.

How many startup funding rounds were announced in China and France?

64 rounds in China and 366 rounds in France since 2 June 2025, about 4 and 20 a month.

Are startup rounds bigger in China or France?

The median round is $112M in China and $6.9M in France, and the average round $441M and $32.1M. The median shows the typical round; the average is pulled up by a few very large ones.

What is the biggest startup round in China?

The biggest startup rounds in China since 2 June 2025 are DeepSeek ($15B, 22 Oct 2026), Moonshot AI ($3.5B, Series F, 30 Jul 2026) and StepFun ($717M, 26 Jan 2026).

What is the biggest startup round in France?

The biggest startup rounds in France since 2 June 2025 are Mistral ($3.5B, Series D, 8 Sept 2026), Mistral AI ($2B, Series C, 9 Sept 2025) and Alan ($547M, 29 Jun 2026).

Which sectors attract the most startup funding in China and France?

In China, AI ($23.8B, 84% of the capital), Robotics & Hardware ($2.1B, 8%) and Health ($765M, 3%) lead. In France, AI ($7.7B, 66% of the capital), Health ($752M, 6%) and Fintech ($594M, 5%) lead.

Is China or France better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 27% of rounds in China and 66% in France. China recorded 6 Pre-Seed or Seed rounds and France 172 Pre-Seed or Seed rounds, with a median of $41.9M and $3.1M.

How much growth funding (Series B and later) goes to China and France?

Startups in China raised $6.1B in 19 Series B or later rounds, 22% of the country's capital. In France, $6.8B in 30 rounds, 58% of the capital.

Who are the most active startup investors in China?

Qiming Venture Partners (7 rounds, 2 led), IDG Capital (6 rounds, 5 led) and 5Y Capital (5 rounds) are the most active investors in China.

Who are the most active startup investors in France?

Bpifrance (55 rounds, 8 led), Kima Ventures (46 rounds, 5 led) and Daphni (11 rounds, 8 led) are the most active investors in France.

Which investors back startups in both China and France?

2 investors joined rounds in both countries. The most active: Invus (1 in China, 2 in France) and SymBiosis (1 in China, 1 in France).

Which cities lead startup funding in China and France?

Beijing leads China with $6.8B across 19 rounds, ahead of Shanghai ($1.2B). Paris leads France with $6.1B across 198 rounds, ahead of Grenoble ($327M).

Which month brought the most startup funding?

In China, October 2026 ($15.5B). In France, September 2026 ($3.7B).

How much did startups in China and France raise in the last 90 days?

In the 90 days to 12 Nov 2026, startups in China raised $17.2B across 13 rounds and in France $4.2B across 29 rounds.

Where does this data come from?

FundraiseBase lists startup funding rounds from public announcements: press releases, company posts and news coverage, checked and updated every day. Amounts are in US dollars. Some rounds are never announced, so the figures show what was made public, not every round. Corrections are welcome.

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