Country comparison
France vs Italy: startup funding compared
Since 2 June 2025, startups in France raised $11.8B across 366 rounds, 6.6 times Italy's $1.8B.
Capital raised running total by month
Where the money goes share of capital by sector
France
Italy
Biggest rounds
Stage mix share of rounds
Most active investors rounds joined
| Investor | France | Italy |
|---|---|---|
| Bpifrance | 55 | · |
| Kima Ventures | 46 | 1 |
| CDP Venture Capital | · | 29 |
| 360 Capital | 4 | 8 |
| Daphni | 11 | · |
| Vento | · | 11 |
| 50 Partners | 10 | · |
| Better Angle | 10 | · |
| EIC Fund | 10 | · |
| Speedinvest | 10 | · |
| Y Combinator | 10 | · |
| Alven | 9 | · |
Startup hubs rounds and capital by city
France
Italy
Latest rounds
Questions
Which country raised more startup funding, France or Italy?
France. Since 2 June 2025, startups in France raised $11.8B across 366 rounds, against $1.8B across 117 rounds in Italy, 6.6 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 Italy?
366 rounds in France and 117 rounds in Italy since 2 June 2025, about 20 and 7 a month.
Are startup rounds bigger in France or Italy?
The median round is $6.9M in France and $3.8M in Italy, and the average round $32.1M and $15.3M. 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 Italy?
The biggest startup rounds in Italy since 2 June 2025 are Exein ($270M, 15 Sept 2026), Bending Spoons ($270M, Growth, 30 Oct 2025) and AAVantgarde Bio ($141M, Series B, 3 Nov 2025).
Which sectors attract the most startup funding in France and Italy?
In France, AI ($7.7B, 66% of the capital), Health ($752M, 6%) and Fintech ($594M, 5%) lead. In Italy, AI ($544M, 30% of the capital), Enterprise software ($358M, 20%) and Health ($335M, 19%) lead.
Is France or Italy better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 66% of rounds in France and 57% in Italy. France recorded 172 Pre-Seed or Seed rounds and Italy 52 Pre-Seed or Seed rounds, with a median of $3.1M and $2.3M.
How much growth funding (Series B and later) goes to France and Italy?
Startups in France raised $6.8B in 30 Series B or later rounds, 58% of the country's capital. In Italy, $461M in 8 rounds, 26% 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 Italy?
CDP Venture Capital (29 rounds, 10 led), Vento (11 rounds) and United Ventures (8 rounds, 6 led) are the most active investors in Italy.
Which investors back startups in both France and Italy?
29 investors joined rounds in both countries. The most active: Kima Ventures (46 in France, 1 in Italy), 360 Capital (4 in France, 8 in Italy), Eurazeo (7 in France, 2 in Italy), Partech (5 in France, 1 in Italy) and Omnes Capital (4 in France, 1 in Italy).
Which cities lead startup funding in France and Italy?
Paris leads France with $6.1B across 198 rounds, ahead of Grenoble ($327M). Milan leads Italy with $976M across 53 rounds, ahead of Rome ($381M).
Which month brought the most startup funding?
In France, September 2026 ($3.7B). In Italy, October 2025 ($474M).
How much did startups in France and Italy 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 Italy $391M across 12 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.