La French Tech mission has announced the 120 French startups it considers the most promising. They will benefit from streamlined services to help them scale up.
The third class of the Next40/French Tech 120 program has been unveiled this morning, designating the startups that the French government believes have all the ingredients to be successful international scaleups.
The program was launched 3 years ago to provide special assistance to select companies, from navigating bureaucracy to international promotion and hiring.
Speaking at a press conference, Digital Minister Cedric O said that the top 40 companies on the list (which form the Next40) raised more than €49.6 million each in 2021, compared to €22 million in 2020. The new entrants on this list are:
360 Learning
Aledia
Alma
Ankorstore
Descartes Underwriting
DNA Script
I@D Infinity
Lifen
Loft Orbital Tech
Lumapps
Lydia
Swile
Spendesk
Sorare
The criteria for the list include the amount of money raised and revenue growth.
Here is a reply of the press conference and a Q&A with journalists:
The State of the French Tech Ecosystem 2024 report from Alexandre Dewez of 20VC finds an ecosystem that appears stable on the surface but is undergoing some important transformations underneath.
VC funding remains in freefall as French startups go hungry; MSInsight offers hope to the future of cancer detection; Yubo offers hope to companies that want to be profitable.
CEO and co-founder Arnaud Dr. Cutivet: “MSI cancer cells are present in 4% of cancers, especially colorectal, stomach, and endometrial cancers. Early detection, particularly in colorectal cancer, means we can use immunotherapy effectively, potentially saving lives.”
Yubo CEO and co-founder Sacha Lazimi: "The goal is to create authentic and meaningful new connections that are not based on followers or likes or comments."
