About Vertical SaaS sector in France
The Vertical SaaS sector in France comprises 2.35K companies, including 764 funded companies having collectively raised $9.43B in venture capital money and private equity. Out of these, 397 are Series A+ funded, and 8 have achieved unicorn status.
Vertical SaaS sector in France has seen 219 acquisitions and 12 IPOs. This represents almost 9.8% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
Top Vertical SaaS Companies in France
There are more than 2.35K companies in Vertical SaaS in France. Swile is the top Vertical SaaS company in France, ranked using Tracxn Score (what's this?).
Here are 5 of the top Vertical SaaS companies in France:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Work tech company offering meal and gift vouchers for employees | Paris (France) | 2016 | Series D | $328M | |
Provider of prepaid cards for financial benefits of employees | Paris (France) | 2016 | Series C | $304M | |
Platform offering suite solution for offline businesses | Lyon (France) | 1983 | Late Stage | $900K | |
Developer of agentic AI platform for biomedical research and drug development | Paris (France) | 2016 | Series B | $321M | |
Provider of supply chain sustainability risk assessment and management platform | Paris (France) | 2007 | Acquired | $732M |
Companies founded year-on-year in the Vertical SaaS sector in France
205 Vertical SaaS startups in France were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 5 |
2024 | 42 |
2023 | 94 |
2022 | 95 |
2021 | 122 |
2020 | 205 |
2019 | 188 |
2018 | 182 |
2017 | 184 |
Stage-wise distribution of Vertical SaaS sector companies in France
Out of the total 2,347 Vertical SaaS companies in France, 764 have secured funding. Among them, 397 have reached Series A or higher, and 295 to Series B or beyond.
Founded - 2,347
Funded - 764
Series A+ - 397
Series B+ - 295
Series C+ - 261
Company Stage | No. of companies |
|---|---|
Founded | 2,347 |
Funded | 764 |
Series A+ | 397 |
Series B+ | 295 |
Series C+ | 261 |
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Funding Trends in the Vertical SaaS sector in France
Total funding year-on-year in the Vertical SaaS sector in France
The Vertical SaaS sector in France saw a total funding of more than $8.85B in the last 10 years. The most amount of funding was in 2022 at more than $2.46B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $327M |
2024 | $690M |
2023 | $787M |
2022 | $2.46B |
2021 | $2.22B |
2020 | $1.02B |
2019 | $674M |
2018 | $266M |
2017 | $271M |
Recent Funding Rounds in Vertical SaaS in France
In the year 2025, till November 2025, Vertical SaaS companies in France have raised $316M in equity funding across 27 rounds.
In the same period last year (i.e. till November 2024), Vertical SaaS companies in France had raised $644M across 46 rounds.
So, 2025 has seen a 50.91% drop in funding in Vertical SaaS companies in France as compared to 2024.
Here are some recent, important funding rounds in Vertical SaaS companies in France:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4384 | Nov 18, 2025 | and 5 more | |
Seed | 5776 | Oct 31, 2025 | ||
Seed | 9859 | Oct 31, 2025 | - | |
Series A | 1891 | Oct 22, 2025 | and 4 more | |
Seed | 1132 | Oct 03, 2025 | and 4 more |
Top Investors in Vertical SaaS in France
Plug and Play Tech Center is the top investor in Vertical SaaS companies in France based on number of companies invested.
Here are some top investors in Vertical SaaS companies in France:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Paris (France) | ||
Maisons Alfort (France) | ||
Menlo Park (United States) | - | |
San Francisco (United States) |
M&A activity in Vertical SaaS sector in France
In the year 2025, till December 2025, 13 acquisitions happened in Vertical SaaS sector in France. Last year, in 2024, a total of 27 acquisitions happened in Vertical SaaS sector in France.
Here are some recent, important acquisitions in Vertical SaaS sector in France:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 18, 2025 | ||
Business Acquisition | Dec 03, 2025 | ||
Business Acquisition | Dec 01, 2025 | ||
Business Acquisition | Sep 29, 2025 | ||
Business Acquisition | Aug 13, 2025 |
Acquisition trends in Vertical SaaS sector in France
Here are the acquisition trends in Vertical SaaS sector in France:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 13 |
2024 | 27 |
2023 | 25 |
2022 | 41 |
2021 | 28 |
2020 | 19 |
2019 | 16 |
2018 | 12 |
2017 | 14 |
IPOs in Vertical SaaS in France
In the year 2021, till March 2021, 1 IPO happened in Vertical SaaS sector in France.
Here are some recent, important IPOs in Vertical SaaS sector in France:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Mar 11, 2021 | Euronext Exchange (Euronext) | |
Apr 24, 2018 | Euronext Exchange (Euronext) | |
Aug 09, 2015 | Euronext Exchange (Euronext) | |
Feb 22, 2012 | Euronext Exchange (Euronext) | |
Oct 03, 2011 | Euronext Exchange (Euronext) |
Colleges which produce the most Vertical SaaS companies in France
Companies founded by alumni from top colleges in the Vertical SaaS in France
Most number of Vertical SaaS startups in France have been founded by alumni from HEC Paris, Stanford University and University of California (Berkeley).
College | No. of companies |
|---|---|
HEC Paris | 53 |
Stanford University | 9 |
University of California (Berkeley) | 9 |
INSEAD | 7 |
Imperial College London | 7 |
Columbia University | 6 |
Cornell University | 5 |
Columbia Business School | 3 |
London Business School (LBS) | 3 |
Massachusetts Institute of Technology | 3 |
Total funding in Vertical SaaS companies founded by alumni from top colleges in France
In the last 10 years, HEC Paris graduates' Vertical SaaS companies in France have raised the most funding among top colleges. INSEAD alumni are second, and Stanford University alumni are third.
College | Total Funding |
|---|---|
HEC Paris | $1.6B |
INSEAD | $830M |
Stanford University | $330M |
London Business School (LBS) | $181M |
Stanford Business School | $147M |
ESSEC Business School | $141M |
Harvard Business School | $57.8M |
Harvard University | $57.8M |
University of California (Berkeley) | $43.6M |
EDHEC Business School | $36.4M |
Top News in Vertical SaaS in France
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EcoVadis Sustainability Assessment Now a Key Search Criterion on Amazon Business StoresBusiness Wire•Jan 07, 2026•EcoVadis
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Questel Seamlessly Integrates AI-Assisted Patent Translation with Equinox IP Management SoftwareBusiness Wire•Dec 18, 2025•Questel
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EcoVadis Wins Microsoft Local Partner Award FY25 in AI Transformation - Scale CategoryBusiness Wire•Dec 17, 2025•EcoVadis
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Debenhams Group Extends Partnership with Mirakl, Integrating Retail Media PlatformHomeofdirectcommerce•Nov 25, 2025•Debenhams, Mirakl
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Valeo Foods Group Recognised for Sustainability Leadership with EcoVadis Platinum MedalBusiness Wire•Oct 20, 2025•Valeo Foods, EcoVadis
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Atos Group Awarded EcoVadis Platinum Medal for Sustainability 6th YearGlobeNewswire•Oct 16, 2025•Atos, EcoVadis
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Sinari partners with Esker to offer its customers a complete electronic billing management solutionGlobeNewswire•Sep 25, 2025•Sinari, Esker
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Sonio Launches New AI-Powered Product Suite to Enhance Maternal Healthcare in the U.S.HIT Consultant•Aug 25, 2025•sonio
