After a triumphant start to the year, the pace and volume of fundraising in France experience a net withdrawal.
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Cocorico in the country of “start-up nation”. Tuesday, September 20, Innovafeed, a French company specializing in the production of insect -based ingredients, announced a megalvated funds. The amount of the table amounts to 250 million euros. It is the biggest operation since the summer, well below those carried out in June by Ecovadis (480 million euros) or in January by Qonto (486 million) and Back Market (450 million euros). One observation is essential: after a triumphant start to the year, the pace and the volume of fundraising in France experience a net withdrawal.
The barometer of the EY cabinet, published on Sunday July 17, had let hope of an euphoria era. From January to June, the total of the funds collected by the young tricolor shoots was estimated at 8.4 billion euros, up 63 % compared to the same period of 2021, which suggested that the record for levées Established throughout the year 2021 (11.57 billion euros) was going to be sprayed.
“We had a very good first semester, but which is in trompe-l’oeil, because these are operations signed before the drop in markets”, relativizes Yann du Rusquec, director manager at Eurazeo, for whom “he There is clearly [there] a slowdown in fundraising led by start-ups “. “We have seen this movement since May. Today, they take more time,” also admits Paul-François Fournier, head of innovation at Bpifrance. “With the crisis [Post-Covid-19], investors realized that they had gone a little too far in their enthusiasm for tech,” he adds.
“A phenomenon Mondial “
For his part, Xavier Lazarus, co -founder of the Elaia fund, stresses that this cold stroke “is not a French, but global” phenomenon. He wants proof that the number of new unicorns – these young shoots valued at more than a billion dollars (1 billion euros) – created at the international level “was divided by almost ten” in a little more ‘A year, going from 147 to 18, according to data from CB insights.
Another report, written by the specialized site Crunchbase and published on September 7, shows that fundraising has reached their lowest threshold worldwide in two years. Since the beginning of the decade, only August 2020 has experienced a level below that of August 2022 ($ 22.4 billion against $ 25.2 billion).
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