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Country comparison

France vs Finland: startup funding compared

Since 2 June 2025, startups in France raised $11.8B across 366 rounds, 5.5 times Finland's $2.1B.

FrancevsFinland
$11.8BCapital raised$2.1B
366Rounds64
$6.9MMedian round$4.5M
1.7%Share of all capital0.3%
66%Early-stage rounds69%

Capital raised running total by month

$11.8B$5.9B France, 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: $11.8BFinland, end of Jun 25: $58.2MFinland, end of Jul: $89.8MFinland, end of Aug: $92.7MFinland, end of Sept: $477MFinland, end of Oct: $1.4BFinland, end of Nov: $1.5BFinland, end of Dec: $1.7BFinland, end of Jan 26: $1.7BFinland, end of Feb: $1.7BFinland, end of Mar: $1.8BFinland, end of Apr: $1.8BFinland, end of May: $1.9BFinland, end of Jun: $1.9BFinland, end of Jul: $1.9BFinland, end of Aug: $1.9BFinland, end of Sept: $2.1BFinland, end of Oct: $2.1BFinland, end of Nov: $2.1B Jun 25SeptDecMarJunSept
FranceFinland
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Where the money goes share of capital by sector

France

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

Finland

  • Health43%$914M
  • Robotics & Hardware23%$496M
  • AI21%$449M
  • Other4%$78M
  • Climate & Energy3%$55.6M
  • Cybersecurity3%$54.5M

Biggest rounds

France

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

Finland

  1. Oura $900M 1
  2. IQM Quantum Computers $300M 2
  3. Verda $189M 3

Stage mix share of rounds

FranceFinland
47%Pre-Seed and Seed56%
19%Series A13%
5%Series B5%
3%Series C and later3%
26%Other or undisclosed23%

Most active investors rounds joined

InvestorFranceFinland
Bpifrance551
Kima Ventures46·
Lifeline Ventures·14
Daphni11·
EIC Fund101
50 Partners10·
Alven91
Better Angle10·
Speedinvest10·
Y Combinator10·
BNP Paribas Développement9·
Elaia9·

Startup hubs rounds and capital by city

France

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

Finland

  • Oulu2$902M
  • Helsinki33$561M
  • Espoo9$559M
  • Tampere2$18.7M
  • Kouvola1$11.7M
  • Kuopio1$2.9M

Latest rounds

Questions

Which country raised more startup funding, France or Finland?

France. Since 2 June 2025, startups in France raised $11.8B across 366 rounds, against $2.1B across 64 rounds in Finland, 5.5 times more. That is 1.7% and 0.3% of all the capital FundraiseBase tracked worldwide over the period.

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

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

Are startup rounds bigger in France or Finland?

The median round is $6.9M in France and $4.5M in Finland, and the average round $32.1M and $33.5M. The median shows the typical round; the average is pulled up by a few very large ones.

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).

What is the biggest startup round in Finland?

The biggest startup rounds in Finland since 2 June 2025 are Oura ($900M, Series E, 14 Oct 2025), IQM Quantum Computers ($300M, Series B, 3 Sept 2025) and Verda ($189M, Series B, 22 Sept 2026).

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

In France, AI ($7.7B, 66% of the capital), Health ($752M, 6%) and Fintech ($594M, 5%) lead. In Finland, Health ($914M, 43% of the capital), Robotics & Hardware ($496M, 23%) and AI ($449M, 21%) lead.

Is France or Finland better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 66% of rounds in France and 69% in Finland. France recorded 172 Pre-Seed or Seed rounds and Finland 36 Pre-Seed or Seed rounds, with a median of $3.1M and $3.1M.

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

Startups in France raised $6.8B in 30 Series B or later rounds, 58% of the country's capital. In Finland, $1.6B in 5 rounds, 74% of the capital.

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.

Who are the most active startup investors in Finland?

Lifeline Ventures (14 rounds, 9 led), Tesi (7 rounds, 1 led) and Antler (5 rounds, 2 led) are the most active investors in Finland.

Which investors back startups in both France and Finland?

19 investors joined rounds in both countries. The most active: Bpifrance (55 in France, 1 in Finland), EIC Fund (10 in France, 1 in Finland), Alven (9 in France, 1 in Finland), General Catalyst (5 in France, 1 in Finland) and Antler (1 in France, 5 in Finland).

Which cities lead startup funding in France and Finland?

Paris leads France with $6.1B across 198 rounds, ahead of Grenoble ($327M). Oulu leads Finland with $902M across 2 rounds, ahead of Helsinki ($561M).

Which month brought the most startup funding?

In France, September 2026 ($3.7B). In Finland, October 2025 ($900M).

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

In the 90 days to 12 Nov 2026, startups in France raised $4.2B across 29 rounds and in Finland $243M across 8 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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