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Macron announces €5 billion late-stage investment pledge from institutional investors

French president Emmanuel Macron announced in a speech ahead of France Digitale Day that the French government has convinced institutional investors to invest more heavily in late-stage VC funds and asset managers in one way or another. Institutional investors have committed to investing $5.5 billion (€5 billion).
“We’ll have €2 billion that will go in so-called late-stage funds and €3 billion for funds managed by asset managers specialized in tech,” Macron said.
In addition to that financial pledge, the French government wants to break down any hurdle that prevents French startups from raising $100 million+ funding round in France, becoming a unicorn and eventually going public.
A couple of years ago, Macron gave a speech at Viva Technology in Paris. It was the first time he addressed the startup community after his election. At the time, I wrote: “Macron wanted to send a message to the startup community — he still cares about technology very much, thank you for asking.”
Since then, the French tech ecosystem has thrived, but without any radical policy change to shake things up. But today marks a departure as it’s all about startups, startups and startups.


“I’m talking about the jobs of tomorrow” Emmanuel Macron
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