Success Breeds Success
The period saw French unicorns emerge across sectors, each success making the next more likely:
Doctolib transformed healthcare access, allowing patients to book medical appointments online. By 2024, over 60 million Europeans used the platform monthly. The company's €500 million funding round in 2022 valued it at €5.8 billion.
Back Market created a global marketplace for refurbished electronics, riding the sustainability wave while building a profitable business model. Its 2022 valuation of $5.7 billion proved French startups could lead in circular economy innovation.
ContentSquare pioneered digital experience analytics, helping companies understand user behavior. The company expanded globally, acquiring competitors and reaching a $2.8 billion valuation.
Ledger became the global leader in cryptocurrency hardware wallets, combining French security expertise with blockchain innovation. Despite crypto volatility, the company maintained its technological edge and market leadership.
Mirakl built the leading marketplace platform software, powering e-commerce transformations for hundreds of major retailers globally. Its $3.5 billion valuation in 2021 showcased French B2B software capabilities.