Country comparison
Germany vs France: startup funding compared
Since 2 June 2025, startups in Germany raised $11.9B across 332 rounds, about as much as France's $11.8B.
Capital raised running total by month
Where the money goes share of capital by sector
Germany
France
Biggest rounds
Stage mix share of rounds
Most active investors rounds joined
| Investor | Germany | France |
|---|---|---|
| Bpifrance | · | 55 |
| Kima Ventures | · | 46 |
| High-Tech Gründerfonds | 38 | · |
| Bayern Kapital | 20 | · |
| Y Combinator | 8 | 10 |
| Speedinvest | 6 | 10 |
| General Catalyst | 10 | 5 |
| HV Capital | 14 | 1 |
| Daphni | 3 | 11 |
| EIC Fund | 4 | 10 |
| Cherry Ventures | 13 | · |
| IBB Ventures | 12 | · |
Startup hubs rounds and capital by city
Germany
France
Latest rounds
Questions
Which country raised more startup funding, Germany or France?
Germany. Since 2 June 2025, startups in Germany raised $11.9B across 332 rounds, against $11.8B across 366 rounds in France. That is 1.7% and 1.7% of all the capital FundraiseBase tracked worldwide over the period.
How many startup funding rounds were announced in Germany and France?
332 rounds in Germany and 366 rounds in France since 2 June 2025, about 18 and 20 a month.
Are startup rounds bigger in Germany or France?
The median round is $6.7M in Germany and $6.9M in France, and the average round $35.9M 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 Germany?
The biggest startup rounds in Germany since 2 June 2025 are Helsing ($1.8B, Series E, 13 Jul 2026), Neura Robotics ($1.4B, 10 Jun 2026) and Helsing ($694M, Series D, 16 Jun 2025).
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 Germany and France?
In Germany, AI ($5B, 42% of the capital), Robotics & Hardware ($3.4B, 28%) and Climate & Energy ($1.4B, 11%) lead. In France, AI ($7.7B, 66% of the capital), Health ($752M, 6%) and Fintech ($594M, 5%) lead.
Is Germany or France better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 70% of rounds in Germany and 66% in France. Germany recorded 169 Pre-Seed or Seed rounds and France 172 Pre-Seed or Seed rounds, with a median of $3.8M and $3.1M.
How much growth funding (Series B and later) goes to Germany and France?
Startups in Germany raised $5.6B in 32 Series B or later rounds, 47% of the country's capital. In France, $6.8B in 30 rounds, 58% of the capital.
Who are the most active startup investors in Germany?
High-Tech Gründerfonds (38 rounds, 16 led), Bayern Kapital (20 rounds, 2 led) and HV Capital (14 rounds, 6 led) are the most active investors in Germany.
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 Germany and France?
125 investors joined rounds in both countries. The most active: Y Combinator (8 in Germany, 10 in France), Speedinvest (6 in Germany, 10 in France), HV Capital (14 in Germany, 1 in France), General Catalyst (10 in Germany, 5 in France) and EIC Fund (4 in Germany, 10 in France).
Which cities lead startup funding in Germany and France?
Munich leads Germany with $5.5B across 81 rounds, ahead of Berlin ($2.8B). Paris leads France with $6.1B across 198 rounds, ahead of Grenoble ($327M).
Which month brought the most startup funding?
In Germany, July 2026 ($2.5B). In France, September 2026 ($3.7B).
How much did startups in Germany and France raise in the last 90 days?
In the 90 days to 12 Nov 2026, startups in Germany raised $1.4B across 43 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.