This year 2022 has been rich in fundraising, especially for our French startups. New companies have joined the unicorn world, a very tight circle that now includes 28 start-ups.
These 7 French tech start-ups have achieved a billion dollar valuation in 2022 and are not listed on the stock exchange. And that’s thanks to record fundraising for most of them. These companies have the ambition to develop and grow further in their market. Discover this year’s new French unicorns.
Payfit, the first unicorn of 2022
First unicorn of 2022, Payfit was successful with revenue of 254 million euros on January 5, 2022. It received General Atlantic, Bpifrance and Eurazeo in its capital. Offering services that streamline and automate payroll and human resources processes for VSEs and SMEs, the startup aims to recruit 400 employees by the end of 2022. The unicorn is valued at $2 billion.
Ankorstore, the e-commerce unicorn
Ankorstore, a marketplace that brings together independent retailers, became a unicorn on January 10, 2022. revenue of 250 million euros with Tiger Global and Bond, the start-up wants to strengthen its teams in Europe and develop the company. Ankorstore is valued at $1.98 billion.
Qonto and its record collection
Now valued at $4.9 billion, the platform that offers an online trading account and financial services to self-employed people, VSEs and SMEs became a unicorn on Jan. Many investors supported Qonto in its collection of 486 million euros, including Tiger Global, TCV, Alkeon, KKR and Eurazeo. The French unicorn intends to recruit more staff, to increase to 2,000 employees in four years. Its current valuation is $4.9 billion.
Exotec develops its robots to become a unicorn
With a raise of 295 million euros, the start-up Exotec becomes a unicorn on January 17, 2022. Specialist in robotic solutions for warehouses, the unicorn made in France has the support of Goldman Sachs Asset Management and Bpifrance. His desire is to accelerate his international expansion, already working with companies like Uniqlo or Decathlon. Its valuation is $2 billion.
Spendesk unicorn helps companies with their accounting
Spendesk, corporate expense management solution, succeeds a funding round of 100 million euros on January 18, 2022. Tiger Global entered the capital of the company, accompanied by historical investors of the company such as Index Ventures and Eight Roads Ventures. This fundraiser aims to accelerate the start-up’s European development and bring it to a valuation of more than $1 billion.
EcoVadis evaluates companies’ CSR performance
EcoVadis has raised 477 million euros from BeyondNetZero, GIC Private Limited, Princeville Capital and Astorg Partners. With CSR benchmarking and pooling services, the start-up becomes a unicorn on June 14, 2022. It is now valued at $1 billion.
Younited, the last unicorn of 2022
Following its last round of funding on December 8, 2022, Younited becomes the last unicorn of the year with a raise of 60 million euros. This fundraising was made possible thanks to Crédit Mutuel Arkéa, Bpifrance, Eurazeo and Goldman Sachs. Specialized in instant credit, nova unicornio intends to develop its partnerships in order to extend them to the five countries in Europe where the company is present.
It should be noted that some US-based French start-ups have also crossed the billion dollar valuation threshold:
Embraced face, a new Franco-American face among unicorns
At least in May, Hugging Face made its appearance in unicorns, although its creators moved to the United States. It is an open source platform that offers machine learning models. Born in Estação F, this start-up was successful a funding round of 100 million dollars from Sequoia Capital and SV Angel, among others, raising its valuation to $2 billion.
Front, French startup expat in the US
Established on American soil, it is still a unicorn made in France. Thanks to an initial round of 65 million of dollars, the unicorn founded in 2013 called Salesforce Ventures, Battery Ventures and even Treshold Ventures. Front is valued at $1.7 billion and offers email services where entrepreneurs can share their email inbox. Collaboration software is also offered for companies to communicate with customers.