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.
Startups that raised from April 14 to April 18 also include: Febus Optics, Brink Therapeutics, Circular, CustomsBridge, Celest Science, Klaimy, Ecklo, H’ability, Clikodoc, and BARY.
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