French Startups Raised €700 Million in October Funding Rounds
After an exceptional September, marked by Mistral's mega-round that pushed French tech fundraising to €3.78 billion, the ecosystem returned to more typical levels in October. French startups raised €700 million across 36 deals. That figure is still up compared to October 2025 (€458 million). For the whole of 2026, October ranks as the fourth most active month for fundraising.
By sector, fintech led the way, boosted by the €223 million raised by financial planning platform Pigment, for a total of €318 million across four rounds. Biotech/greentech followed (€62.8 million; 6 deals), with energy in third place (€52 million; 2 deals).
| Sector | Amount raised (in millions of euros) | Share of total amount (%) | Number of deals |
|---|---|---|---|
| Fintech | 318 | 45.42% | 4 |
| Biotech / Greentech | 62.8 | 8.97% | 6 |
| Energy | 52 | 7.43% | 2 |
| Medtech | 38.5 | 5.50% | 6 |
| Cloud | 30 | 4.28% | 1 |
| Artificial intelligence | 24.8 | 3.54% | 6 |
| Cybersecurity | 9 | 1.29% | 1 |
| Retail | 7 | 1.00% | 1 |
| Proptech | 4 | 0.57% | 1 |
| Legaltech | 0.5 | 0.07% | 1 |
| Other | 153.6 | 21.94% | 7 |
| Total | 700.2 | 100.00% | 36 |
In addition to Pigment, several other notable rounds are worth mentioning. Flying Whales, which designs airships for freight, secured €90 million. Fintech Spiko, which specializes in cash management and tokenized money market funds, raised €80 million.
| Company | Amount | Investors | Sector |
|---|---|---|---|
| Pigment | 223 | Nvidia, Scaleup Europe Fund, World Innovation Lab, Greenoaks, Iconic, IVP and Meritech | Fintech |
| Flying Whales | 90 | CMA CGM, Carac, Air Liquide, Aéroports de Paris, Bouygues, Nouvelle-Aquitaine region | Other |
| Spiko | 80 | NEA, Speedinvest, Flourish Ventures, Shapers, EQNX, Bpifrance, Mirana Ventures, Index Ventures, White Star Capital, Blockwall, Frst Capital, Wintermute Ventures | Fintech |
| Wiremind | 35 | IronWave, Bpifrance, Seaya Andromeda | Other |
| Vates | 30 | Iris, Bpifrance | Cloud |
| Elax Energie | 30 | Noria, Crédit Mutuel Impact | Energy |
| Rivercell | 22.5 | HV, HCVC, Alven, Bpifrance, business angels | Biotech / Greentech |
| VoltR | 22 | Bpifrance SPI 2 fund, Decathlon PULSE | Energy |
| WhiteLab Genomics | 22 | AVP, Yaday Health, Blast Club, Omnes Capital, Debiopharm Innovation Fund | Biotech / Greentech |
| Vocca | 17.9 | Norrsken VC, Heal Capital, Speedinvest, Firstminute Capital, Business Angels | Medtech |
| Epyr | 10 | Slate Ventures, AENU, Daphni, OVNI, WEPA Ventures, Aurum | Biotech / Greentech |
| Wavo | 10 | Eurazeo, Axeleo Capital, Hub612, business angels | Fintech |
| Edonia | 9 | Swen Capital Partners, EIT Food, Asterion Ventures | Other |
| Netsec | 9 | Partech, Primo Capital, View Different | Cybersecurity |
| Archeon Medical | 7.5 | Newfund, Eiffel Investment Group, UI Investissement, Majycc Innovation Santé, Karot Capital | Medtech |
| Bageera | 7.5 | Varsity, Eurazeo | Artificial intelligence |
| Webyn | 7 | Reflexion Capital, Tomcat, business angels | Retail |
| HyLight | 6.5 | Rubio Impact Ventures, DRW, Teampact Ventures, Y Combinator, Ring Capital | Other |
| Wormsensing | 6.5 | Supernova Invest, Bpifrance, UI Investissement, Innovacom, KBC Focus Fund, CEA Investissement | Other |
| Sintermat | 6 | Supernova, Bpifrance, Safran Corporate Ventures, UI Investissement | Other |
| CarbonFarm | 5.5 | Colam Impact, Proparco, Suma Capital, Elea, Working Capital Fund, Albo, Serena Capital, Makesense, Techmind | Biotech / Greentech |
| Cleavr | 5 | Varsity, Portfolio Ventures, Kerala Ventures, Financière Saint James, Kima Ventures, Better Angle | Fintech |
| Cardiawave | 5 | UI Investissement, Capital Cell, family offices, business angels | Medtech |
| Bleu Robotics | 5 | Contrarian Ventures, OVNI Capital, Kvanted, WEPA Ventures, Motier Ventures, and business angels | Artificial intelligence |
| Verso | 4.5 | Angular Ventures Kima Ventures, Olympe Capital, Sharpstone Capital, 100in, business angels | Artificial intelligence |
| Bruxless | 4 | Techno Concept | Medtech |
| Aqqi | 4 | Aquiti Gestion, Axeleo Capital, Kima Ventures, 50 Partners, business angels | Proptech |
| Koddex | 3 | Breega, Exotec, business angels | Artificial intelligence |
| Dyameo | 3 | Medevice Capital, NACO, Bpifrance, OBRATORI, Estellior Capital | Medtech |
| Reduck | 2.6 | Daphni, Drysdale Ventures, Galion.exe, business angels | Artificial intelligence |
| Weflayr | 2.2 | 13books Capital, Founders Future, Kima Ventures, Plug and Play, Station F Venture | Artificial intelligence |
| Treewater | 1.9 | Family offices | Biotech / Greentech |
| Aíma | 1.1 | Business angels | Medtech |
| Kompa | 0.9 | We Love Founders, Imagination Machine, Super Capital, Bpifrance | Biotech / Greentech |
| Pint | 0.6 | Bourgogne Franche-Comté Business Angels, Alsace Business Angels, Badge, Defense Angels, Champagne Ardenne Angels | Other |
| Uzai | 0.5 | Paris Business Angels, Hub612, business angels | Legaltech |
It's worth noting that with six rounds each, artificial intelligence, medtech, and biotech/greentech were the most active sectors in October.
This article was automatically translated from French. Read the original version: https://www.journaldunet.com/start-up/1557505-les-start-up-francaises-ont-leve-700-millions-d-euros-en-octobre/