Investment in venture capital technology funds in France has bounced back from the post-bubble downturn, with failed investments six times less likely than at their peak in 2003, according to a survey by CDC Entreprises.

The group interviewed about 70% of the venture market in one of the largest surveys of its kind in France. It found that in the first half of 2006, four deals were blowouts with €6.6bn ($7.6bn) in losses. The losses figure was 57% lower than for the first half of 2005.