Paris takes the 'tech city' crown from London
The British-born internet bank Revolut announced that it will set up its new European headquarters in Paris - a €1 billion investment which it says will create 200 jobs.
The move was announce at this year's Choose France summit, hosted by Emmanuel Macron, and was just one of many multi-nationals announcing
investment in France totalling €37 billion
.
It comes just days after a ranking of tech capitals placed Paris above London for the first time, citing a five-fold increase in the total enterprise value of Paris tech firms between 2017 and 2024, compared to 4.2 times in London.
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London still outpaces Paris on raising venture capital, but French tech start-ups such as Mistral AI (which has produced a French version of ChatGPT know as Chat) Poolside, and Electra were instrumental in raising Paris up the rankings.
The project has been a pet aim of French president Emmanuel Macron, who declared that he wants France to be 'the start-up nation', throwing his support behind the country's industry and infrastructure, including Station F - Europe's largest start-up campus, which is housed in a former railway station.
Station F's Roxanne Varza, commenting on the
2025 Dealroom Global Tech Ecosystem Index
, said: "Paris's ecosystem has really accelerated over the last 12-24 months, largely due to the AI talent and new wave of repeat founders.
"The AI Action Summit in the beginning of 2025 also put France's ecosystem front and centre on a global level. The current geopolitical climate could also sway more talent towards France.
"The funding environment is good and we continue to see more international funds building stronger teams to cover the French market. And the pro-business and pro-innovation government is attentive to what entrepreneurs need."
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