Monthly fundraising report - May 2023

French fintechs raised €35,9 million in May in 4 operations, continuing the downward trend observed in recent months

 

 

Cumulative fundraising in 2023 reached €419m, i.e. one third of the 5-month average for 2022 (€1216m)

The average ticket is €8,1 million

Note the fine operation of Pennylane, which raised €29,5 million (and increased its valuation by 13%)