A new study released by the AFIC and OSEO looks at the evolution of investment activity of FCPI’s (Fonds Communs de Placement dans l’Innovation) over the first decade of the investment vehicle’s lifespan. The study found that between 1997 and 2007, €4.4 billion was raised by 35 firms via 216 FCPI. Of that total, €2.2 billion has been invested in 800 innovative companies, with average investment tickets of just over half-a-million euros. France being a highly centralized country is not much of a surprise to see that over 80% of the investments occured in just three regions: Île-de-France, Rhône-Alpes, and PACA.
Here’s the report (in French):