Overview

• Paris surpassed London in Dealroom’s 2025 tech ecosystem rankings, marking the first time the French capital has taken the top spot in Europe.
• Between 2017 and 2024, the enterprise value of Paris startups grew 5.3 times, outpacing London’s 4.2 times over the same period.
• Paris’s AI sector emerged as a key driver, attracting nearly half of the city’s $7.8 billion in funding last year, with standout contributions from firms like Mistral AI and Poolside.
• Despite London raising more overall venture capital ($11.3 billion vs. $7.8 billion), its startups saw smaller gains in valuation compared to Paris.
• Structural challenges in London, including high-profile exits like Builder AI’s collapse and Deliveroo’s acquisition, have fueled concerns about its competitiveness.