After The Crisis, French Tech Startups Are Back!

UK, Germany and France are the largest European Tech Ecosystems. French Tech start-ups specially are now and even more tomorrow the most prominent after the crisis. The opportunities for collaboration with large companies in Europe, USA, Asia & world wide startups will be encouraged thanks to the increase in capital available on the technology markets.

After a difficult year 2020 for French startups, in 2021 they succeeded in regaining the confidence of investors and achieving good fundraising up to a record first half in 2022 with €8.4 bn (€11.5 bn in 2021 over the whole year).

Which French Tech Startups will be the breakout successes of the end of this year or in 2023?

Apart from Doctolib which is already the most valued unicorn on the French market (€5.8bn) and Back Market, follow me to make you discover new French Tech nuggets!

1. VeriQloud: launched in 2017 with to develop quantum cryptography solutions guaranteeing long-term data security based on a technical architecture that is very economical in photonic network infrastructure compared to traditional quantum architectures.
2. Exotec is a robotics company (intelligent and autonomous robots) for warehouses and the first French industrial company valued at two billion dollars in January 2022. Like Amazon Kiva robot, Exotec design a robotic order-picking system with a fleet of robots capable of moving in three dimensions: the Skypod. Exotec aims to accelerate its internationalization.
3. Shift Technology is a AI-based InsureTech startup which created a tech solution that enables its insurance clients to detect fraudulent claims. The start-up, operates, in addition to France, in UK and US.
4. ekWateur is a start-up specializing in energy that offers renewable gas and electricity supply offers to private customers and SME. It allows them to choose a source of local energy production and even to acquire easy-to-use solar panel kits. ekWateur, which raised €30m in May 2022, invested mainly in energy transition.
5. Domain Therapeutics is a biopharmaceutical startup specializing in the treatment of immunosuppressive diseases and dedicated to the discovery and development of new drug candidates targeting G protein-coupled receptors (GPCRs). It raised €39m in May 2022.

France’s tech sector is booming, and the list is still quite long, but that’s no surprise. The market is in the process of maturing despite the crisis and the most innovative startups, but which control their costs, win new customers, and continue to transform themselves, will certainly become one of the driving forces of the economy and de collaborations with the international ecosystem startups.

By Nouamane Cherkaoui