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Facebook Ads Cost Per Lead Benchmarks for Venture Capital & Investment in France

See how your CPL compares. Explore lead generation cost benchmarks by industry, region, and campaign type

Cost Per Lead for Venture Capital & Investment in France

October 2024 - October 2025

Insights

Detailed observation of presented data

Main takeaways

  • This analysis looks at cost-per-lead trends for industry Venture Capital & Investment and target country France compared to the global trend; the analysis is based on $3B worth of advertising data from our dataset, which provides strong directional benchmarks.
  • No selected data points were available for Venture Capital & Investment in France during the period, so direct, month-by-month comparison to the global baseline is not possible.
  • In the global baseline (all industries, all countries), the average cost-per-lead across the last 12 months was 36.04, with a high in November 2024 (41.58) and a low in September 2025 (20.63).
  • Baseline volatility was moderate: the average absolute month-to-month move was 4.75 (about 13% of the mean). The sharpest jump occurred in November 2024 (+10.45 vs. October), and the steepest drop occurred in September 2025 (-16.40 vs. August).
  • Seasonal pattern: costs were elevated in Q4, peaking in November and staying high in December before normalizing in early Q1.

Context and scope

  • Metric: cost-per-lead (median, monthly).
  • Segment selected: Venture Capital & Investment in France.
  • Benchmark: global baseline (all industries, all countries).
  • Note: The selected segment contains no monthly observations in the period provided, so findings below summarize the global baseline to frame expectations until segment-level data becomes available.

Global baseline trends for cost-per-lead

  • Average: 36.04 over Oct 2024–Sep 2025.
  • High and low:
  • Peak: 41.58 in November 2024 (+15% vs. the period average).
  • Trough: 20.63 in September 2025 (−43% vs. the period average).
  • First-to-last change: −33.7% from October 2024 (31.12) to September 2025 (20.63), driven largely by the pronounced September dip.
  • Volatility:
  • Average absolute month-to-month change: 4.75.
  • Increases vs. decreases: 5 increases, 6 decreases across the period.
  • Largest monthly swing: +10.45 in November 2024; largest decline: −16.40 in September 2025.
  • Distribution around the mean: 8 of 12 months sat above the period average (notably November–August, excluding January and March), indicating a generally elevated market for most of the year punctuated by a late-period correction.
  • Seasonal pattern: Q4 costs rose sharply—November 2024 led the year, and December remained elevated—before easing in January and fluctuating within a relatively tight band through summer.

Selected segment vs. global baseline

  • Data availability: No Venture Capital & Investment data for France was available in the period, so relative positioning (above market, below average, or in line) cannot be determined for this segment.
  • Benchmark context for planning: The global baseline suggests typical cost-per-lead levels clustered in the mid-to-high 30s for most months, with seasonal elevation in Q4 and an outlier dip in September 2025.

Seasonal insights and variability

  • Q4 escalation: Costs typically increase in Q4 around holiday periods, as reflected by the November peak and sustained December elevation.
  • Intra-year steadiness with a late dip: After Q1 normalization, monthly values hovered within a 37–40 range through August before a significant September decline.

Understanding cost-per-lead benchmarks on Facebook Ads in industry Venture Capital & Investment and France helps advertisers make more efficient budget and creative choices.

Understanding the Data

Insights & analysis of Facebook advertising costs

Facebook advertising costs vary based on many factors including industry, target audience, ad placement, and campaign objectives. In the Venture Capital & Investment industry, Facebook ad costs can be influenced by seasonal trends and market competition. For campaigns targeting France, advertisers should consider local market factors and user behavior. Different campaign objectives lead to varying costs based on how Facebook optimizes for your specific goals. The data shown represents median values across multiple campaigns, and individual results may vary based on ad quality, audience targeting, and campaign optimization.

Why we use median instead of average

We use the median CTR because the underlying distribution of click-through rates is highly skewed, with a small share of campaigns achieving extremely high CTRs. These outliers can inflate a simple average, making it less representative of what most advertisers actually experience. By using the median—which sits at the midpoint of all campaigns—we provide a more rigorous and realistic benchmark that reflects the true underlying data model and helps you set attainable performance expectations.

Key Factors Affecting Facebook Ad Costs

  • Competition within your selected industry and audience demographics
  • Ad quality and relevance score – higher quality ads can lower costs
  • Campaign objective and bid strategy
  • Timing and seasonality – costs often increase during holiday periods
  • Ad placement (News Feed, Instagram, Audience Network, etc.)

Note: This data represents industry median values and benchmarks. Your actual costs may vary based on specific targeting, ad creative quality, and campaign optimization.

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The data behind the benchmarks

All data is sourced from over $3B in Facebook ad spend, collected across thousands of ad accounts that use Superads daily to analyze and improve their campaigns. Every data point is fully anonymized and aggregated—no individual advertiser is ever exposed.

This dataset updates frequently as new ad data flows in. It will only get bigger and better.

France Advertising Landscape

National Holidays

Jan 1New Year's Day
Apr 18Good Friday (Alsace & Moselle)
Apr 21Easter Monday
May 1Labour Day
May 8Victory in Europe Day
May 29Ascension Day
Jun 9Whit Monday
Jul 14Bastille Day
Aug 15Assumption Day
Nov 1All Saints' Day
Nov 11Armistice Day
Dec 25Christmas Day
Dec 26Saint Stephen's Day (Alsace & Moselle)

Key Shopping Season

Late November (Black Friday/Cyber Monday), December (Christmas & post‑Christmas sales), May–June (spring sales)

Potential Advertising Impact

CPM and CPC might increase during spring holidays when leisure and travel campaigns see higher engagement. Extended 'ponts' (bridge days) in May could create long weekends with lower weekday ad inventory. Late November and December feature steep increases in ad competition. Christmas season may drive peak ad volumes.

What is considered a good cost per lead on Facebook in 2025?

A good CPL usually ranges from $10 to $50, depending on your industry and target audience. B2C offers tend to be cheaper, while B2B or high-ticket services may see CPLs over $100.

Why is my CPL higher than industry averages?

Your CPL could be high due to weak creative, irrelevant targeting, or an offer that doesn't resonate. Low engagement or poor conversion rates on your landing page can also drive up costs.

Does campaign objective impact CPL?

Yes. Campaigns optimized for conversions or leads tend to generate cheaper and more qualified leads compared to traffic or engagement objectives. Facebook needs clear signals to find the right users.

How can I generate leads at a lower cost without hurting lead quality?

Focus on improving your offer, targeting the right audience, and using high-converting creative. Test native lead forms, but make sure you're still qualifying users properly.

Should I optimize for leads or conversions if my goal is pipeline growth?

If your goal is sales or revenue, optimizing for deeper funnel conversions is better. Optimizing for leads alone can inflate volume but hurt quality.