Next40: 9 X start-ups in the new selection, 16 more in the French Tech 120
The second edition of the two flagship lists of the most promising French start-ups includes 9 launched by l’X Amulni in the Next40 and 16 more in the French Tech 120.
The French Secretary of State for Digital Transition, Cédric O, unveiled on February 8th the second edition of the Next 40 and French Tech 120, an annuel selection of the most successful and promising companies in French Tech. The announcement had been postponed several times due to the Covid-19 pandemic.
Among this second selection, nine of the 40 start-ups listed in the Next40 were founded by members of École Polytechnique's community. One of them, the Toulouse-based spacetech Kineis, directly joined the Next40.
Fourteen additional start-ups whose founders or CEOs come from the Polytechnique community are included in the French Tech 120.
Inspired by the CAC 40, the Paris Stock Exchange's flagship index, and the SBF 120, which adds the next 80 listed companies in terms of size, theNext40 and FT 120 lists are drawn up by selecting start-ups based on their valuation, the funds they have raised and the growth of their businesses.
The Next 40 thus brings together unicorns, unlisted companies valued at more than €1 billion or those that have raised more than €100 millions over the last three financial years as well as those that have achieved sales of more than €5 millions in their last financial year and recorded average annual growth in their business of more than 30% over the last three financial years. French Tech 120 start-ups must have raised more than €23 millions over the last three fiscal years.
Being part of the Next40 or the French Tech 120 puts start-ups in the spotlight and helps to reassure customers and prospects. It also allows them to get support to speed-up their growth thanks to a team of 60 advisors in charge of easing their access to public bodies, organizations such as the INPI for the registration of intellectual property or institutions such as Bpifrance and Euronext for financing or Business France for international development.
The 9 X starts up in the Next40
Ivalua, founded in 2000 by David Khuat-Duy (X 1989), develops a complete source-to-pay procurement digital platform. Ivalua was awarded Best Procure-to-Pay Solutions Specialist Provider at the World Procurement Awards 2020. In May 2019, it completed a €60 millions fundraising campaign.
Jobteaser, co-founded in 2008 by Nicolas Lombard (X 2002), is an online recruitment platform and offers a solution allowing companies to post internship and job offers for young graduates directly on the sites of higher education institutions. It has raised €68 millions since its creation in 2008, including €50 million in September 2019.
Kineis, created in 2019 by Alexandre Tisserant (MSc&T 2009) is a Toulouse-based spacetech specialized in access to satellite data to simplify and develop the use of the Internet of Things by professionals and individuals.
OVHCloud, led by Michel Paulin (X 1981) and specialized in Cloud computing, raised €400 millions in June 2017.
Payfit, co-founded in 2015 by Florian Fournier (X 2013), has developed an integrated online payroll and human resources management software and raised €70 millions in June 2019.
Sendinblue, co-founded in 2012 and led by Armand Thiberge (X 2002), offers companies a digital marketing platform enabling them to carry out their email and SMS campaigns, manage their contact databases and their landing pages. It raised €140 millions in October 2020.
Shift Technology, co-founded in 2013 by Jeremy Jawish (X 2008), develops insurance fraud detection technology based on artificial intelligence algorithms. Since its creation in 2014, the start-up has raised €88 million, including €53 million in early 2019.
Ÿinsect, co-founded in 2011 by Jean-Gabriel Levon (X 2005), breeds insects and transforms them into ingredients for pet food and aquaculture as well as the production of organic fertilizers.
Younited Credit, led by Jean Lecomte (X 2000) and created in 2009, is an online consumer credit platform. Its credit analysis technologies allow an ultra-fast response to financing requests from €1,000 to €50,000. It raised €65 million in July 2019.
The 16 additional X start-ups in the French Tech 120
Ilek, co-founded in 2016 by Julien Chardon (X 2008), is a private French green energy supplier that offers consumers the opportunity to choose their independent renewable energy producer directly. The start-up raised €6 million in September 2019.
Luko, co-founded in 2016 by Benoît Bourdel (X 2011), specializes in insurance and household protection. In addition to its insurance business, it sells its policyholders tools to limit energy consumption and prevent potential accidents. It raised 50 million euros in December 2020.
Alma. Co-founded in 2018 by Guillaume Desloges (X2005) and Louis Chatriot (X 2005), Alma offers online merchants and e-commerce platforms deferred and in instalments payment solutions to help them improve their conversion rates. After an initial fund raising of €12.5 million in 2020, the fintech closed a new €49 million financing round in early 2021 with Cathay Innovation, Idinvest and BpiFrance via its Large Venture fund.
Recommerce, co-founded in 2009 by Antoine Jeanjean (X PhD 2008), is the pioneer and leader in the recovery, refurbishment and resale of reconditioned mobiles. The start-up raised €50 millions in February 2018.
Reuniwatt, founded in 2000 by Nicolas Schmutz (X 1993), offers state-of-the-art solutions for high-resolution observation of cloud cover and solar radiation, as well as short-term forecasting for solar energy roduction.
Spendesk, co-founded in 2016 by Rodolphe Ardant (X 2013), is developing a platform from which company employees can submit their professional expense claims. It raised $18 million in October 2020.
Medadom, co-founded in 2017 by Nathaniel Bern (X 2011), offers an online medical teleconsultation service for unscheduled carein less than 10 minutes, 7 days a week, from a smartphone, a computer, via a terminal or a booth equipped with connected medical devices. It raised €40 millions in November 2020.
Talent.io, co-founded in 2015 by Nicolas Meunier (X 2005), is a selective recruitment platform for IT developers and engineers. It raised €8 millions in May 2017.
DNA Script, co-founded in 2014 by Thomas Ybert (X 2002 and PhD), is a biotech company specialized in the research, development and marketing of materials for DNA synthesis. It raised €46 millions in July 2020.
Dreem, co-founded in 2014 by Quentin Soulet de Brugière and Hugo Mercier (MSc&T 2013), has developed a connected headband, worn at night, to improve sleep and monitor brain activity. It raised $35 million in June 2018.
Iziwork, co-founded in 2018 by Alexandre Dardy (X1998), offers temp workers simple and instant access to a wide range of assignments via a digital platform. It raised €35 millions in January 2021.
Mistertemp' Group, founded and co-chaired by Alexandre Pham (X94), is a franchiser of brick and mortar recruitment and temp employment agencies and has developed of a 100% digital solution, Mistertemp'. Mistertemp' Group raised €20 million in late 2017 from the French investment fund Montefiore Investment.