PitchBook List of Companies in France with the Highest Company Valuations

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The best French companies with the highest risk valuations have a cumulative value of more than 6 billion euros. The 10 companies described below operate in a variety of industries and verticals, including healthcare technology, insurtech and artificial intelligence. In recent years, France has seen record capital invested in its startups. The companies on this list are emblematic of the general development of the country in VC activities.According to PitchBook, this is the list of companies in France with the highest risk valuations as of May 21, 2020:

BlaBlaCar

Post valuation: 1.43 billion euros

Founded in 2006, BlaBlaCar is a long distance carpooling network based in Paris. The starter app allows users to reserve seats online by connecting with drivers who have empty seats. With several passengers in a car, each user reaches their destination at a lower cost. BlaBlaCar raised € 114 million in venture capital funding at a later stage from the Société Nationale des Chemins de Fer Français, Omnes Capital and Insight Partners in November 2018.

Doctolib

Post recovery: 1.13 billion euros

Doctolib offers an online medical appointment management service on subscription. The startup also offers its users a remote video consultation service and allows patients to receive digital prescriptions and be billed online automatically. In March 2019, Doctolib joined the unicorn herd when he raised 150 million euros in a round led by General Atlantic.

Chateau.com

Post recovery: 1 billion euros

Chateau.com is an online retailer of wines, champagne and spirits offering rare vintages from the best vineyards in France and around the world. Founded in 2010 and based in the 11th arrondissement of Paris, the company, supported by angels, raised 200 million euros from the Colombian-American financier and philanthropist Alejandro Santo Domingo in 2017.

Meero

Post valuation: 891.26 million euros

Paris-based Meero takes advantage of AI to quickly process digital images, including 360 ° VR photos and videos, for customers in more than 100 countries. One of Europe’s most valuable AI startups, it recently raised 22.48 million euros, although specific details are not being disclosed. In June 2019, the company raised € 204.99 in Series C financing under an agreement co-managed by Eurazeo and Prime Ventures.

Qonto

Post valuation: 811.39 million euros

Founded in 2016, Qonto provides banking services to SMEs and the self-employed. Qonto raised € 104 million in Series C venture capital funding – considered the largest round of venture capital for a French financial technology company to date – in January 2020 as part of a managed agreement by Tencent and DST Global.

Sigfox

Post recovery: 600 million euros

Founded in 2009 and based in Labège, Sigfox offers wireless connectivity services for the Internet of Things (IoT). The company’s global network complements existing connectivity systems and enables energy-efficient two-way transmission of small amounts of data over long distances. In May 2017, Sigfox raised an undisclosed amount of venture capital funding from Khazanah Nasional to further improve the deployment in Asia.

Blade

Post-evaluation: 334.94 million euros

Blade is the developer of a cloud-based computer designed to provide the cloud game servers needed to play high-end games on any PC. In 2020, Blade raised an undisclosed amount of funding from LG Electronics.

Alan

Post valuation: 314.02 million euros

Alan provides an online digital insurance platform that simplifies coverage, reimbursement and claims for users and healthcare professionals. The service also allows users to access in-person appointments and video calls. The company has raised € 50 million in Series C financing under an agreement led by Temasek Holdings in April 2020.

Vivet Therapeutics

Post valuation: 300.21 million euros

French biotechnology Vivet Therapeutics was founded in 2016 and is developing gene therapy treatments for hereditary liver disorders. The startup received € 45.03 million in funding from Pfizer to advance its portfolio of gene therapy programs in March 2019.

Shift Technology

Post valuation: 277.31 million euros

Shift Technology is the developer of a cloud-based data security platform to improve the insurance claim process. Their platform uses an AI-based fraud detection tool to analyze hundreds of millions of complaints to identify potential frauds. The Paris-based company has raised € 52.8 million in Series C venture capital funding as part of an agreement led by Bessemer Venture Partners in March 2019.

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