About Deep Tech sector in Paris, France
The Deep Tech sector in Paris, France comprises 664 companies, including 321 funded companies having collectively raised $11.1B in venture capital money and private equity. Out of these, 142 are Series A+ funded, and 3 have achieved unicorn status.
Deep Tech sector in Paris, France has seen 45 acquisitions and 8 IPOs. This represents almost 8.0% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies that are developing products based on innovative technology and scientific developments such as blockchain, AI, advanced robotics, IoT , etc.
Includes companies implementing technologies like blockchain, artificial intelligence, computer vision, robotics, nanotechnology, IoT into their products. Also includes companies providing infrastructure to develop blockchain, AI, IoT technology such as development tools, smart contracts, and sensor technology, among others. Excludes companies developing products of conventional technology (Shallow Tech) such as conventional digital platforms, conventional robotics in industrial automation, among others.
Top Deep Tech Companies in Paris, France
There are 664 Deep Tech startups in Paris, France which include Ledger, Mistral AI, Hugging Face, Parrot, PhotoRoom. Out of these, 321 startups are funded, with 142 having secured Series A+ funding, and 3 achieving unicorn status.
Over the past 10 years, an average of 41 new companies have been launched annually. Notably, several of these startups have been founded by alumni of HEC Paris, INSEAD and Stanford University.
Here is the list of top Deep Tech startups in Paris, France
1. Ledger
Blockchain based hardware wallet for cryptocurrency. Its products offered include Nano X, Nano S, Blue, and OTG Kit. It supports multiple cryptocurrencies including Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, and more. It offers a vault which is a multi authorization cryptocurrency wallet management solution.
Key facts about Ledger
- Founded Year: 2014
- Location: Paris (France)
- Stage: Series C
- Total Funding till date: $575M
- Investors: 10T, Molten Ventures and 68 Others
- Latest Funding Round: Series C, Mar 08, 2023, $*****
- Tracxn Score: 83/100 What is this?
- Competitors Rank: 1 of 541 Competitors
2. Mistral AI
Platform offering build and deploy custom AI solutions. It develops generative AI models and builds an open-source alternative to existing large language model platforms. It offers text-based model applications in art generation, content creation, chatbots and virtual assistants, language translation, and customer service.
Key facts about Mistral AI
- Founded Year: 2023
- Location: Paris (France)
- Stage: Series C
- Total Funding till date: $3.05B
- Investors: Lightspeed Venture Partners, Andreessen Horowitz and 40 Others
- Latest Funding Round: Series C, Sep 08, 2025, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 3 of 405 Competitors
3. Hugging Face
Platform offering collaborative tools for sharing and deploying machine learning models. It provides a centralized hub where users can access a vast collection of pre-trained models and datasets across various domains. The platform supports the creation and hosting of interactive machine learning applications, enabling developers and researchers to showcase their work and facilitate community engagement.
Key facts about Hugging Face
- Founded Year: 2016
- Location: Paris (France)
- Stage: Series D
- Total Funding till date: $400M
- Investors: Lux Capital, SV Angel and 32 Others
- Latest Funding Round: Series D, Aug 22, 2023, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 1 of 186 Competitors
4. Parrot
Manufacturer of unmanned aerial vehicles and related software and solutions. It provides drones for professional use. The company develops software for flight control and data processing. It also offers solutions for specific industry applications. The company supports developers with software development kits. It provides support, news, and partnership opportunities.
Key facts about Parrot
- Founded Year: 1994
- Location: Paris (France)
- Stage: Public
- Investors: Sofinnova Partners, Seventure Partners and 3 Others
- Latest Funding Round: Grant (prize money), Nov 01, 2016, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 1 of 250 Competitors
5. PhotoRoom
Application for product and portrait photography. It allows users to remove the background, change the background, and showcase products. Users can create product images for e-commerce platforms, portrait photos, and profile pics for professional use, make collages, and add stickers. The application is available for iOS users. It is also developing an application for the Android platform. It monetizes through in-app purchases.
Key facts about PhotoRoom
- Founded Year: 2019
- Location: Paris (France)
- Stage: Series B
- Total Funding till date: $64M
- Investors: Balderton Capital, Y Combinator and 4 Others
- Latest Funding Round: Series B, Dec 21, 2023, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 1 of 109 Competitors
Companies founded year-on-year in the Deep Tech sector in Paris
64 Deep Tech startups in Paris were founded in 2016 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 5 |
2024 | 33 |
2023 | 32 |
2022 | 35 |
2021 | 48 |
2020 | 40 |
2019 | 55 |
2018 | 48 |
2017 | 51 |
2016 | 64 |
Stage-wise distribution of Deep Tech sector companies in Paris
Out of the total 664 Deep Tech companies in Paris, 321 have secured funding. Among them, 142 have reached Series A or higher, and 88 to Series B or beyond.
Founded - 664
Funded - 321
Series A+ - 142
Series B+ - 88
Series C+ - 69
Company Stage | No. of companies |
|---|---|
Founded | 664 |
Funded | 321 |
Series A+ | 142 |
Series B+ | 88 |
Series C+ | 69 |
Let us walk you through our Sectors and other offerings
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Funding Trends in the Deep Tech sector in Paris
Total funding year-on-year in the Deep Tech sector in Paris
The Deep Tech sector in Paris saw a total funding of more than $10.4B in the last 10 years. The most amount of funding was in 2025 at more than $3.23B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $3.23B |
2024 | $1.74B |
2023 | $1.67B |
2022 | $1.32B |
2021 | $1.01B |
2020 | $236M |
2019 | $466M |
2018 | $291M |
2017 | $346M |
Recent Funding Rounds in Deep Tech in Paris
In the year 2025, till November 2025, Deep Tech companies in Paris have raised $2.65B in equity funding across 26 rounds.
In the same period last year (i.e. till November 2024), Deep Tech companies in Paris had raised $1.33B across 38 rounds.
So, 2025 has seen a 98.81% rise in funding in Deep Tech companies in Paris as compared to 2024.
Here are some recent, important funding rounds in Deep Tech companies in Paris:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 7105 | Nov 17, 2025 | and 5 more | |
Seed | 5442 | Nov 12, 2025 | ||
Series B | 9264 | Nov 04, 2025 | - | |
Series B | 8303 | Oct 30, 2025 | ||
Seed | 3307 | Oct 14, 2025 |
Top Investors in Deep Tech in Paris
Plug and Play Tech Center is the top investor in Deep Tech companies in Paris based on number of companies invested.
Here are some top investors in Deep Tech companies in Paris:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Menlo Park (United States) | ||
Paris (France) | ||
Los Angeles (United States) | ||
Stockholm (Sweden) |
M&A activity in Deep Tech sector in Paris
In the year 2025, till December 2025, 6 acquisitions happened in Deep Tech sector in Paris. Last year, in 2024, a total of 5 acquisitions happened in Deep Tech sector in Paris.
Here are some recent, important acquisitions in Deep Tech sector in Paris:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 19, 2025 | ||
Business Acquisition | Dec 19, 2025 | ||
Business Acquisition | Sep 17, 2025 | ||
Business Acquisition | Aug 04, 2025 | ||
Business Acquisition | Jul 22, 2025 |
Acquisition trends in Deep Tech sector in Paris
Here are the acquisition trends in Deep Tech sector in Paris:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 6 |
2024 | 5 |
2023 | 8 |
2022 | 4 |
2021 | 2 |
2020 | 5 |
2019 | 1 |
2018 | 3 |
2017 | 2 |
IPOs in Deep Tech in Paris
In the year 2024, till November 2024, 1 IPO happened in Deep Tech sector in Paris.
Here are some recent, important IPOs in Deep Tech sector in Paris:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Nov 26, 2024 | Euronext Exchange (Euronext) | |
Nov 03, 2021 | Euronext Exchange (Euronext) | |
Jul 24, 2018 | Euronext Exchange (Euronext) | |
Jul 13, 2016 | Euronext Exchange (Euronext) | |
Nov 28, 2013 | Euronext Exchange (Euronext) |
Colleges which produce the most Deep Tech companies in Paris
Companies founded by alumni from top colleges in the Deep Tech in Paris
Most number of Deep Tech startups in Paris have been founded by alumni from HEC Paris, INSEAD and Stanford University.
College | No. of companies |
|---|---|
HEC Paris | 25 |
INSEAD | 12 |
Stanford University | 8 |
Imperial College London | 6 |
University of Cambridge | 5 |
Massachusetts Institute of Technology | 4 |
Harvard University | 3 |
London School of Economics and Political Science | 3 |
University of California (Berkeley) | 3 |
Bocconi University | 1 |
Total funding in Deep Tech companies founded by alumni from top colleges in Paris
In the last 10 years, Carnegie Mellon University graduates' Deep Tech companies in Paris have raised the most funding among top colleges. INSEAD alumni are second, and Stanford University alumni are third.
College | Total Funding |
|---|---|
Carnegie Mellon University | $3.19B |
INSEAD | $1.26B |
Stanford University | $602M |
IIM Bangalore | $403M |
HEC Paris | $196M |
Imperial College London | $124M |
Massachusetts Institute of Technology | $99.8M |
Harvard University | $41.6M |
London Business School (LBS) | $39.7M |
McGill University | $39.7M |
Top News in Deep Tech in Paris
•
•
Wandercraft earns second FDA clearance for Atalante X exoskeletonThe Robot Report•Nov 06, 2025•Wandercraft
•
•
Abu Dhabi's MGX could raise up to $25 billion for AI fund, Bloomberg News saysThe Star Online•Aug 05, 2025•MGX, OpenAI, G42, xAI and 2 others
•
Delta Capita Introduces Elaris OTC Platform for Derivatives Post-Trade AutomationConsultancy.uk•Jul 21, 2025•Delta Capita, Fragmos Chain, HSBC
•
•
•
Axiscades Technologies partners with Aldoria, expands collaborations with Indra & MBDAMoneycontrol•Jun 20, 2025•AXISCADES, Aldoria
•
•
TotalEnergies and Mistral AI Partner to Develop AI Lab for Low-Carbon EnergyChemengonline•Jun 16, 2025•TotalEnergies, Mistral AI
