France’s startup scene is falling behind the US and Europe, and AI is both the cause and the cure


A new report on the French tech ecosystem by Alexandre Dewez, a partner at venture firm 20VC, paints a picture of a startup scene that is growing more dependent on a handful of AI companies while the rest of the market stalls. French startups raised €6.7 billion across 411 funding rounds in 2025, a 5% decline in […]



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