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Hello You,
By 2020, French Tech had raised more than 5 billion euros. In the first quarter of 2021, French startups had already raised the equivalent in just 3 months. Now the record has been broken again, with more than €1 billion raised in a single day, on September 21. Figures that make your head spin.
Mirakl, Sorare, these startups that lead the dance
The first startup to make news? Mirakl. This company sells a software solution that allows you to develop your own marketplace. A topic in the news, which has seduced many investors. After raising a record 255 million euros in 2020, it repeated the feat with a new round of funding. This time it is more than 470 million euros on the counter. Half a billion euros. And Mirakl is not alone in this frantic race for numbers. Sorare has followed the pace. This startup with the famous Panini stickers version 2.0 has just announced a few days ago a historic fundraising of over 585 million euros – a record in the creative economy industry – quite simply. In the midst of these announcements, other fundraisers went almost unnoticed. And yet, they are just as significant. Vestiaire Collective with 178 million euros. Sunday with 85 million euros. So, is it a race to see who can raise the most money, or a real phenomenon?
A snowball effect expected on the ecosystem
One thing is certain, things are accelerating. And that’s great news for French Tech as a whole. Indeed, funds seem to be more willing to follow startups and allow them to develop their full potential. In other words? They are less and less cold-hearted. And according to Bpifrance’s executive director, Paul-François Fournier, these announcements should also have a positive impact on the entire ecosystem. Yes, a snowball effect is expected. In other words, this media and investor attention will also give visibility to projects that usually have less.
The fear of a risky and ephemeral bubble
If these announcements can give stars in the eyes to some, they also raise some fears. Some experts fear an overheating phenomenon, a kind of speculative bubble version of startup nation. So, is this proof of the French Tech industry’s appeal and maturity, or is it just a passing trend? Are these colossal fundraisings just a UFO or will they become more frequent? One thing is for sure, investors who have committed to the adventure are convinced of the potential of these companies. The expected financial results seem to be largely equal to the funds invested. We will have to wait a few months for the results and a more detailed analysis. We hope that the results will be positive and will continue to promote French Tech as a whole.
