France remained one of Europe’s leading tech funding markets in H1 2026, with investment concentrated in AI, space, fintech and healthcare. Several large transactions shaped the total, including Eutelsat’s €975 million debt financing, Advanced Machine Intelligence’s €885 million seed round and Mistral AI’s €724 million debt raise.
AI was a major driver of funding, supported by large investments in model development and infrastructure, while fintech also attracted substantial capital. Space and deeptech remained important parts of the market, with funding spanning satellite infrastructure, aerospace and quantum computing.
Healthcare continued to generate activity across both large and mid-sized rounds, while software companies contributed to a broader pipeline of deals across the ecosystem. Security also gained momentum, reflecting growing investor interest in defence, cybersecurity and sovereign technologies.
Large seed rounds and debt financing accounted for a significant share of capital raised during the period, highlighting the impact of a relatively small number of sizeable transactions. At the same time, funding activity remained diverse across AI, fintech, healthcare, software, deeptech and security.
Overall, France’s H1 2026 funding landscape combined large investments in AI and strategic infrastructure with broader activity across the technology ecosystem.
For further insights into funding trends across the European technology ecosystem, check out Tech.eu's Funding Explorer, free and open to everyone.
Here are the ten companies that raised the most in H1 2026.
Eutelsat
Amount raised in H1 2026: €975M
Eutelsat is a satellite communications operator providing connectivity and broadcast services through a combined fleet of geostationary and low Earth orbit satellites.
Following its combination with OneWeb, the company operates more than 600 LEO satellites alongside its GEO network, serving video, mobile and fixed connectivity, and government customers worldwide. Its OneWeb constellation positions Eutelsat as a European provider of global LEO connectivity and an alternative to other large satellite networks.
In H1 2026, Eutelsat secured €975 million in financing to support the procurement of 340 new LEO satellites and the expansion and renewal of its OneWeb constellation.
Advanced Machine Intelligence (AMI)
Amount raised in H1 2026: $1B
Founded by AI researcher Yann LeCun and entrepreneur Alexandre LeBrun, Advanced Machine Intelligence (AMI) is developing AI systems based on world models that aim to understand and predict how the physical world behaves.
Rather than relying primarily on the large language model approach used by many generative AI companies, AMI is building models designed to reason about real-world environments, with teams planned across Paris, New York, Montreal and Singapore.
The company raised $1 billion in seed funding in H1 2026, one of the largest seed rounds ever raised by a European startup.
Mistral AI
Amount raised in H1 2026: $830M
Mistral AI develops generative AI models and infrastructure aimed at businesses, governments and developers seeking greater control over how AI is deployed.
The Paris-based company is expanding beyond model development into a full-stack AI offering, including tools for building agents and applications and infrastructure for training and running models. It positions its technology around customisation, data control and European AI sovereignty.
Mistral secured $830 million in debt financing in H1 2026 to purchase 13,800 Nvidia GPUs for its first data centre in France.
Alan
Amount raised in H1 2026: €580M
Digital health company Alan combines health insurance, care navigation, prevention and wellbeing services within a single technology platform.
Founded in 2016, the Paris-based company serves businesses, public-sector organisations and freelancers and has expanded from France into Belgium, Spain and Canada. Its platform uses technology and AI to simplify insurance administration while providing members with access to healthcare and preventive services.
Across two rounds in H1 2026, Alan raised €580 million, including €100 million in March and €480 million in June, with the latter valuing the company at €5.5 billion.
Aura Aero
Amount raised in H1 2026: €340M
Toulouse-based AURA AERO is an aircraft manufacturer developing lower-emission aircraft for training and regional aviation.
Founded in 2018 by former Airbus engineers Jérémy Caussade, Fabien Raison and Wilfried Dufaud, its portfolio includes the two-seat Integral aircraft and ERA, a 19-seat hybrid-electric regional aircraft designed for short-haul routes. The company is building manufacturing capacity in France and the US and has also established a military division developing drones.
AURA AERO secured €340 million in H1 2026 to produce its electric aircraft designed for training and regional passenger transport.
Harmattan AI
Amount raised in H1 2026: $200M
Harmattan AI is a defence technology company developing AI-enabled autonomous systems for military operations.
Its technology combines autonomy, sensing and mission intelligence across applications including drone interception, intelligence and surveillance, electronic warfare and command and control. The company builds systems designed to operate at the tactical edge while retaining human decision authority.
In H1 2026, Harmattan AI raised $200 million in Series B funding to expand deployments into new operational theatres, enter new defence domains and scale manufacturing of its ISR, drone-interception and electronic-warfare platforms.
Pennylane
Amount raised in H1 2026: $200M
Founded in 2020, Pennylane provides an all-in-one financial management and accounting platform for SMEs, startups and accounting firms.
The software brings accounting, invoicing, payments, cash management and other financial processes into a shared workspace, allowing businesses and their accountants to manage financial operations together.
Pennylane raised $200 million in Series E funding in H1 2026 to increase R&D investment, strengthen its product for the German market and improve its payments and cash-management offering as it expands across Europe.
Morpho
Amount raised in H1 2026: $175M
Morpho is a decentralised finance company building open blockchain infrastructure for lending and borrowing.
Its protocol enables financial institutions, fintechs and other platforms to offer configurable credit products through shared onchain infrastructure, connecting capital providers and borrowers without relying on a single intermediary.
In H1 2026, Morpho secured $175 million to expand its credit infrastructure, deepen technical and commercial integrations with strategic partners and bring more financial institutions onto its open credit network.
Quobly
Amount raised in H1 2026: €115M
Quobly develops silicon-based quantum computers designed to integrate with existing data centres and high-performance computing infrastructure.
The company builds its quantum processors using silicon qubits and established semiconductor manufacturing processes, with the aim of making quantum systems scalable and suitable for industrial deployment.
Quobly raised €115 million in Series A funding in H1 2026 to improve the performance and scalability of its platform, industrialise its silicon quantum processors and deploy its first Alloy systems in cloud and HPC environments.
FineHeart
Amount raised in H1 2026: €83M
French medtech company FineHeart is developing implantable technologies for patients with advanced heart failure.
Its lead product, FlowMaker, is designed to support the heart's pumping function and address limitations associated with existing treatments for advanced-stage patients. The clinical-stage company was founded by a team with experience in cardiac rhythm management and electrophysiology.
FineHeart secured €83 million in H1 2026 to advance the clinical development and industrialisation of FlowMaker while strengthening its position in Europe's active implantable medical device market.
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