“The little #FrenchTech cock has grown up. The story goes on. “In a tweet published on Monday, the State Secretary for Digital Transformation and Electronic Communication, Cédric O, welcomed the good shape of French startups in 2021. The fundraising list drawn up by the Minister is very impressive and” testifies to the success of these ventures.
🦄 @ ContentSquareFR € 408M
🦄 @ Backmarket € 276 million
@ avec_alan € 185M
🦄 @ shiftechnology € 182 million
@ BlaBlaCar_FR 115M €
🦄 @ ornikar € 100M
🦄 @ OCFrance € 70M
@ vestiaireco € 178M
Alone in 2021!
The little #FrenchTech cock has grown up. The story continues. Https://t.co/vYCYOmlQU3
– Cédric O (@cedric_o) May 31, 2021
We call unicorns, startups worth more than a billion dollars. A few years ago in France you could count them on the fingers of one hand; today there are more than ten. The opportunity for us to come back to the last iconic fundraising that allowed these companies to achieve a new status in the world of technology.
Contentsquare: $ 190 million in May 2020
Recently Contentsquare raised $ 500 million, which is a new record for a French startup. In May 2020, the company, which specializes in digital customer experiences, was given $ 190 million to achieve the coveted status. Founded in 2009 by Jonathan Cherki, the company looks ahead and plans to hire 1,500 people while investing in artificial intelligence.
Community wardrobe: 178 million euros in March 2021
The company, which specializes in the sale of second-hand luxury clothing and accessories, raised 178 million euros in funds from the Kering Group last March. This success is due in particular to the global explosion in e-commerce since the beginning of the pandemic. With the investment in this three-color tech nugget, the luxury company wants to position itself in a booming market.
Alan: 185 million euros in April 2021
Alan closed a € 185 million financing in April last year, which puts his valuation at € 1.4 billion and brings the startup into the narrow circle of French tech unicorns. The company that offers 100% digital health insurance is not experiencing the crisis as it achieved growth of … 100% in 2020 while its annual income was 100 million euros. With its new resources, the startup is also planning to recruit 400 additional employees across Europe.
Back Market: $ 276 million as of May 2021
The tricolore company, which specializes in the recycling of electrical and electronic equipment, closed a funding round of 276 million euros last month. Enough to integrate the very closed circle of the large French technology companies. Its CEO Thibaud Hug de Larauze, however, remains cautious and is quite critical of the government, which wants to present itself as a pioneer of the energy transition, and is considering taxing refurbished smartphones.
Layer technology: $ 220 million in May 2021
It’s one of the French nuggets in the AssurTech world. Shift Technology raised $ 220 million last month. Enough to enable the company to take a new step. As a reminder, it helps insurers automate their activities through artificial intelligence. In particular, these new resources will enable 300 data scientists to be hired within two years.
Jellysmack: a round of funding to take a step forward
For many months, the company Jellysmack has been addressed as one of the French startups that could become a unicorn. This has been happening since last May following a Series C financing round announced by the company. As a reminder: The startup enables YouTubers who are successful on one platform to get involved in other social networks. The funds should enable him to continue his international expansion.