Moving to Paris – A Guide for Startups and Entrepreneurs

Top Startups In Paris 2019

Here is an informative guide about the strengths of the ecosystem for those relocating to Paris to materialize their entrepreneurial dreams and aspirations. France is in a bid to give fierce competition to countries around the world by creating some strong startup ecosystems within it. Paris, the capital of France, is evolving faster than ever to help the country achieve the status of a startup nation and attracting many to move to the city.

A city synonymous with romance, Paris has a significant footfall of tourists each year, and the economy is supported primarily by the technology, agriculture, tourism, and energy industries. Paris has a GDP of $688 billion which makes it one of the five largest economies in Europe.

Moving to Paris can be beneficial for startups in a lot of ways. The city’s rich source of talent pool combined with supportive government policies makes it a strong startup system to be reckoned with globally. The fertile business climate has inspired several startups and startup job seekers to move to Paris.

What does Paris have in Store for Startups

Paris’s ecosystem is a startup haven, one that is flourishing by the day. There are a number of factors that this can be attributed to. The ecosystem in Paris has more than 4,000 startups that have a combined average valuation of $3.3 million. These startups belong to diverse fields and have made it big because of the favorable entrepreneurial opportunities the city has to offer. The city has a good mix of an international and local crowd as well. Here are some of the best characteristics of the ecosystem below.

Move to Paris for Access to a Brilliant Talent Pool

An important characteristic for a city to grow as a startup hub is the easy availability of strong human resource capital. Sourcing talent from within the country can help save a lot of time and effort. While a considerable share of this talent pool is students graduating from the prestigious colleges and universities in and around the capital, and the rest includes students and professionals who move to Paris to explore the lucrative startup jobs here. The low cost of hiring engineers, thanks to the French tax initiatives, has helped the tech sector in the city climb new heights.

Get Access to a Fast Growing Investment Market in Paris

Paris’s venture capital scene has played an essential role in making France one of the top three highly invested countries in the region. The startup ecosystem received investments worth over $3 billion in 2016 which indicated growth of 56% since 2014. If you are a startup or an entrepreneur relying on funds from angel investors, then you won’t be disappointed. With a community of over 3,500 angel investors, startups stand a good chance of receiving funding from any of them as long as they have a disruptive business idea. Paris is also dotted with venture capital and private equity firms that are also rich sources of funding. Some of the prominent ones include Partech Ventures, ISAI, ID Invest, and Elaia.

Move to Paris for its Innovation-Loving Bureaucracy

France has transitioned to a business-friendly nation over the years with reforms in their wealth and tax policies which previously were hostile for businesses especially the small scale companies.

The French government has introduced a new visa program – the French Tech Ticket, for tech brilliance to move into the country. The tech sector in Paris has grown immensely due to this program. The visa program has a validity of four years and is beneficial for three categories of tech talent who can get the Passeport Talent (Talent Passport) through a fast-tracked procedure. Entrepreneurs with this visa do not need a separate work permit and can be extended to immediate family members.

Emmanuel Macron, the President of France, is making dedicated efforts to give rise to a “country of unicorns”. President Macron has promised an amount of over $11 billion to promote the startup ecosystem in the country to new levels by 2020. A former investment banker, the French President, believes that this can happen only when more foreign startups move to Paris and grow with the help of the incubators in Paris.

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Paris’s Booming Tech Sector

The tech sector in the city shows promising growth and is also getting recognized internationally. Paris’s tech ecosystem has been featured multiple times in global rankings. The most recent one is a place among the top ecosystems in the world in the Global Startup Ecosystem Report 2018 by Startup Genome. If you are a tech entrepreneur looking for avenues in the tech sector to grow, the following are the top sub-sectors within the niche which are excelling, according to the Global Startup Ecosystem Report.

Education Tech Startups In Paris

The education tech sub-sector is a relatively young segment with a majority of the companies in it less than three years old. Of the 320+ companies listed in the French Edtech Observatory, a lot of them are startups that are revolutionizing the education sector with groundbreaking technologies. Ornikar and OpenClassrooms are two of the notable startups in the education tech sub-sector. The former raised close to $12 million in Series A round of funding and is touted to be the first national online driving school. OpenClassrooms is an online course platform that raised $10 million in funding and has over 1 million members on the platform already.

Healthtech Startups In Paris

Healthcare shares an integral part of the total national expenditure of France. The country spends more on healthcare than any other European countries at 11.6%. The strong healthcare sector and the need for innovative technologies in it have driven the growth of the healthtech sub-sector. Companies like Doctolib and CardioLogs have ensured that the segment stays in the spotlight. Doctolib is an online platform for facilitating consults with medical specialists and has raised $42 million in Series D funding in 2017 and already has 40,000 users in its kitty. The latter offer interpretation services for healthcare experts for cardiovascular disease screening. Founded in 2014, the company has raised $6.4 million in the first round of funding.

Fintech Startups In Paris

11% of the total regional venture capital funding between the years 2012 and 2017 was brought in by the Fintech startups in Paris. The year 2017 saw more than $200 million invested in the sub-sector, a very significant amount in recent years. $47.8 million of this was raised by the startup Younited Credit, a consumer lending platform. Several entrepreneurs and startups from around the world visit the French capital each year to attend the Paris Fintech Forum, a popular startup activity in the sector.

The city is gaining international recognition owing to the growing investments and the increase in the number of entrepreneurs and startup job seekers moving to Paris. 2020 was an incredible year for Paris as its startup ecosystem performed better than ever in many aspects making the coming years also look promising. Startups in Paris are being encouraged heavily by the government through a number of initiatives and policies making it a good time for entrepreneurs to move to Paris.

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Top Paris Startups to Watch out for 2019

Top Startups In Paris 2019

Several tech startups in Paris have outdone themselves in 2018 with impressive funding rounds and are slated to grow tremendously in the following year. Here are ten top Paris startups for 2019 that show a promising future.

A city in the running to be the French startup capital, Paris is growing at an unmatched rate as a startup ecosystem. The city is home to more than 4,000 startups and is a significant investment magnet. The tech sector especially is soaring in this startup ecosystem.

Top Paris Startups to Watch out for 2019

Voodoo

Voodoo is a top startup in Paris in the gaming segment and has raised an estimated $200 million till date. This amount was secured from Goldman Sachs in the startup?s first and only funding round so far. Voodoo is a leading mobile game publisher company that boasts of the most number of per-day download globally. The Paris based startup was co-founded by Alexandre Yazdi and Laurent Ritter in 2013 and is planning to use the fresh funds received to help mobile game developers by creating a publishing hub.? Voodoo is among the top Paris startups for 2019 and also one of the highest funded companies this year in the tech sector.

Know more about this top startup in Paris

Website: www.voodoo.io

LinkedIn: www.linkedin.com/company/voodoo.io

Evaneos

Paris based startup Evaneos is an online marketplace that helps travelers and travel service providers to connect with each other. The startup?s platform is a reliable portal where international travelers looking for a personalized itinerary can find the best local agents. Evaneos is among the top Paris startups for 2019 and highly funded one of this year. Partech and Level Equity invested a total sum of $80 million in this top startup in Munich. Founded by Eric La Bonnardi?re and Yvan Wibaux in 2009, the travel tech platform has shown a steady growth in the recent years. The company plans to use the proceeds from the recent round for accelerating its expansion in new markets outside Europe.

Know more about this top startup in Paris

Website: www.evaneos.net

LinkedIn: www.linkedin.com/company/evaneos

Twitter: www.twitter.com/Evaneos

Ledger

A top startup in Paris, Ledger is an important player in the soaring cryptocurrency segment in the French metropolitan. The tech startup is a security solutions provider for cryptocurrency and blockchain applications. In January 2018, the Paris based startup raised $75 million in its Series B round of funding from lead investor Draper Esprit and eleven other supporting investors including Cathay Innovation and FirstMark among the others. Ledger?s plan to expand its operations to new international markets and for advancing R&D has made it one of the top Paris startups for 2019 that looks promising. The cybersecurity startup was co-founded by Eric Larchev?que, Joel Pobeda, Nicolas Bacca, and Thomas France and was incorporated in 2014.

Know more about this top startup in Paris

Website: www.ledger.fr

LinkedIn: www.linkedin.com/company/ledgerhq/

Twitter: www.twitter.com/LedgerHQ

Back Market

Paris based startup Back Market was co-founded by Quentin Le Brouster, Thibaud Hug de Larauze, and Vianney Vaute in 2014. The French startup is an online marketplace for refurbished product sellers in a bid to reduce electronic waste. The products sold are restored professionally and include an array of personal technology products. The Series B round of the company has made it one of the top Paris startups for 2019 that is expected to accomplish a lot more with the fresh funds.
?41 million was raised in this round from lead investor Groupe Arnault and participant investors Eurazeo, Daphni, and Aglae Ventures.

Know more about this top startup in Paris

Website: www.backmarket.com

LinkedIn: www.linkedin.com/company/back-market

Twitter: www.twitter.com/back_market

Meero

Meero is an AI-driven photography platform that was set up in 2016 by co-founders Guillaume Lestrade and Thomas Rebaud. The French company is among the top Paris startups for 2019 that is slated for a notable growth with capital received from the recent funding rounds. IDinvest Partners and Alven Capital led the Series B round for the Paris based startup in July 2018 raising $45 million. Till date, the company has completed three rounds, raising total investments worth $63.4 million. Meero?s algorithmic image editing technology has made it a top startup in Paris which has scored over 40,000 users in such a short span of time. A new service that allows users to order videos has also been introduced by the creative startup recently.

Know more about this top startup in Meero

Webite: www.meero.com

LinkedIn: www.linkedin.com/company/meero

Twitter: www.twitter.com/meerophoto

ContentSquare

ContentSquare is a Paris based startup that is helping its clients offer better user experience on their respective websites using cloud-based technology. The largest amount of funding for the French startup came from the Series B round held this year. ContentSquare secured $42 million helping it join the ranks of the top Paris startups for 2019 which comprises of some of the top funded startups in the city. Canaan Partners were at the helm of this round as lead investor and were supported by three other investors – Highland Europe, Eurazeo, and H14. The UX insights offered by the Paris based startup has got it boasting of a client list that includes brands like The Body Shop, Harvey Nichols, Avon, Tiffany & Co., and GoPro among the many others.

Know more about this top startup in Paris

Website: www.contentsquare.com

LinkedIn: www.linkedin.com/company/contentsquare

Twitter: www.twitter.com/ContentSquare

Platform.sh

Platform.sh is a well established cloud-based tech company among the top Paris startups for 2019. The platform-as-a-service company is helping web developers increase their productivity with a novel cloud hosting approach. Partech led the Series C round of funding for this Paris based startup helping it secure $34 million with support from SNCF Digital Ventures, IDinvest Partners,? Hi Inov, and Benhamou Global Ventures. Platform.sh is a one-stop solution for cloud hosting needs. The rise of the company as one of the top Paris startups for 2019 can be accredited to the notable growth in customers and investments since its establishment in 2010 by co-founders Damien Tournoud, Fred Plais, Ori Pekelman, ?and Ryan Szrama.

Know more about this top startup in Paris

Website: www.platform.sh

LinkedIn: www.linkedin.com/company/platform.sh

Twitter: www.twitter.com/platformsh

AirCall

This Paris based startup is a leading cloud-based phone solutions provider. AirCall was incorporated by Jonathan Anguelov, Olivier Pailh?s, Pierre-Baptiste B?chu, Thibaud Elziere, and Xavier Durand in 2014 and has risen to be a contender among the top Paris startups for 2019. Brands like Birchbox, UBER, VICE, and SeatGeek are some of the brands that have trusted AirCall for efficiently managing their calls and other aspects of the phone system.? The Paris based startup completed its Series B round of funding raising $29 million from lead investors NextWorld Capital and Draper Esprit. The Series B round also featured eFounders, Balderton Capital, and NewFund Capital.

Know more about this top startup in Paris

Website: www.aircall.io

LinkedIn: www.linkedin.com/company/aircall

Twitter: www.twitter.com/Aircall

Agricool

Representing the agtech segment in our list of top Paris startups for 2019 is Agricool, an indoor farming company that grows its produce inside recycled shipping containers. This month, eight investors came together to invest a combined amount of $28 million in Agricool.? The Paris based startup aims at scaling its operations in Paris, rest of France, and Dubai with these funds to make indoor farming a popular concept. Agricool was co-founded by Guillaume Fourdinier?and?Gonzague Gru in 2015 raising $41.4 million till date and a promising company among the top Paris startups for 2019.

Know more about this top startup in Paris

Website: www.agricool.co

LinkedIn: www.linkedin.com/company/agricool

Twitter: www.twitter.com/_agricool

Kayrros

This top startup in Paris has raised $34.4 million till date from three funding rounds, with the largest round being the Series B round that was completed in September 2018. Kayrros is a leading data analytics company in France?s startup ecosystem that caters to the international energy market. The Paris based startup raised $24.4 million in the Series B round from Primwest, Index Ventures, Korelya Capital, Marcel van Poecke, and Cathay Innovation (lead investor). The journey to become a top startup in Paris began in 2016 when it was founded by ?Antoine Halff, Antoine Rostand, Jean-Michel Lasry, Alexandre d’Aspremont and Laurent El Ghaoui, all of whom brought the best of industry expertise to the table.

Know more about this top startup in Paris

Website: www.kayrros.com

LinkedIn: www.linkedin.com/company/kayrros

Twitter: www.twitter.com/kayrros_energy

These top Paris startups for 2019 have piqued the interest of several startup players who are now watching for any exciting developments from these companies. Paris is expected to see more such dynamic startups in the coming years especially as a part of the French government?s plan to make France the ?country of unicorns?.

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