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These two tax relief schemes have fostered angel investments in small private companies — generally tech startups — since 1994.

SEIS funding de-risks angel investing, and allows startups to close their rounds much faster,” Reedsy co-founder and CEO Emmanuel Nataf told me.

“Angel investors taking advantage of the schemes also bring significant support to the founders, which might be harder to get from institutional funds,” Nataf added.

Starting in 2024, individuals who invest in companies with the JEI label (jeunes entreprises innovantes) will get a 30% income tax break.

These acronyms are a bit jargony, but the bottom line is that investors in deep tech startups will get a 50% tax break for investments up to €100,000 per year.

“It should enable half a billion euros in additional fundraising every year for our startups, specifically at the early stage.”

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