France's Femtech sector grows to 200 startups as ecosystem shows signs of maturity
Latest French Femtech landscape report from Femtech France and Wavestone
France’s Femtech ecosystem has grown to 200 active startups, up from 170 a year ago, according to the latest French Femtech Landscape Report from Femtech France and consulting firm Wavestone.
The annual report, now in its fourth year, suggests the French women’s health market is moving beyond its early-stage phase and beginning to show signs of commercial maturity.
Nearly a quarter (23%) of startups are already profitable, 41% have been operating for more than five years and 38% reported stable revenues despite a challenging economic environment.
Average funding rounds reached €2.9m in 2025, while total funding disclosed by venture-backed respondents amounted to €34.9m. Perhaps more notably, half of investment came from international investors, highlighting growing interest in the French market beyond its borders.
The ecosystem's growing confidence is reflected in broader institutional support. 2025 also saw the launch of Femtech Île-de-France Fund, a dedicated investment vehicle, expected to have €50 million in assets, backed by the Île-de-France Region, Turenne Groupe and Université Paris Cité. The fund is expected to begin investing in startups from pre-seed through to Series A in 2026.
“France is not only the country with the most Femtech startups in Europe: it is also the first country in the European Union to have established an investment fund dedicated to women’s health innovation. European leadership is within reach,” said Delphine Moulu, co-founder and Managing Director of Femtech France.
Reimbursements secured
The report also highlights growing recognition of women’s health innovation within the healthcare system itself. Seven Femtech companies now benefit from reimbursement through the French national health insurance system, including digital platform Woma and medical device company Les Pas d’Chichi.
Despite ongoing geopolitical uncertainty and political instability in France during 2025, founders remain remarkably optimistic. Nearly four in five startups (79%) plan to hire in 2026, while 77% describe themselves as optimistic or very optimistic about their future.
The report argues that this confidence reflects a sector that is increasingly embedded within the wider health innovation landscape, supported by stronger business models, growing commercial traction and rising institutional recognition.
“By addressing a longstanding blind spot in healthcare, Femtech is accelerating the recognition of women’s health, and now with the support of national health insurance and complementary health schemes,” said Laurence Al Neimi, Insurance Expertise Lead at Wavestone.
The findings come as France seeks to position itself as a European hub for women’s health innovation at a time when governments, investors and health systems are paying increasing attention to the economic and societal impact of women’s health.
Created in 2022, Femtech France brings together more than 110 companies. The organisation aims to spark innovation, unite the ecosystem and bring together the experts needed to finance women’s health.
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