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  "description": "French startups raised €2.73 billion in Q1 2026, up 79% from the same period in 2025. But deal count dropped 27%. Here's what's really happening and why the picture is more nuanced than the headline suggests.",
  "path": "/the-great-concentration-french-tech-raised-eu2-73b-in-q1-2026/",
  "publishedAt": "2026-04-07T22:36:30.000Z",
  "site": "https://www.frenchtechjournal.com",
  "tags": [
    "Subscribe now"
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  "textContent": "French tech startups raised **€2.73 billion** in Q1 2026, according to our French Tech Funding Tracker. That's a 79% jump from the €1.53 billion raised in Q1 2025.\n\nBy any measure, that's a blockbuster opening quarter.\n\nBut before you pop the champagne, consider this one: **139**. That's the total number of deals. Down from 189 in Q1 2025. A 27% decline.\n\nWhat's going on? More money, fewer deals.\n\nThe average round increased from €8.3M to €20.4M. The median nearly doubled, too, from €2.5M to €4.7M. In other words, investors are concentrating their capital into fewer, higher-conviction bets. And mainly, that means: AI.\n\nWelcome to what we're calling **The Great Concentration**.\n\nOur Q1 report and funding database break down all the key numbers, trends, and fun factoids.\n\n### This post is for subscribers only\n\nBecome a member to get access to all content\n\nSubscribe now",
  "title": "The Great Concentration: French Tech Raised €2.73B in Q1 2026",
  "updatedAt": "2026-04-08T00:36:30.561Z"
}