The top 10 French early-stage startups have a huge potential for an exciting future and are ready to make waves in 2023 and beyond.
The French startup ecosystem has had a successful year in 2022, with funding activity reaching new heights and access to one of Europe’s largest domestic markets. Twenty unicorn startups, including Qonto, Backmarket, and BlaBlaCar, call Paris their home. The top 10 French early-stage startups have a huge potential for an exciting future and are ready to make waves in 2023 and beyond.
Dfns:
A custody SaaS protocol for web3 apps is offered by the 2020-founded cybersecurity startup Dfns, which is based in Paris and guarantees a secure cloud for cryptocurrency transactions.
With the help of a keyless wallet generation process, they have over 100 registered companies and provide a developer-friendly API for securely deploying custodial wallets. Funding totaling €13.82 million has been raised.
Carbon Maps:
Using data-driven climate management, Paris-based startup Carbon Maps has created a platform for the food industry.
It recently secured €4 million in funding and analyses the environmental impact of products and raw materials using a scientific model. By examining data from the entire food chain, this platform seeks to lessen its environmental impact.
Dalma:
Dog and cat health insurance is offered by Dalma, a company based in Paris. It provides transparent, fully digital insurance with no deductible, veterinary expense coverage, and unrestricted access to veterinarian counsel.
It currently provides daily protection for more than 20,000 dogs and cats and aspires to be the pet parents’ preferred partner. The team has exponentially expanded since its inception and has successfully raised a total of €17 million in funding.
Qobra:
Software called Qobra makes it easier to figure out, tweak, and approve sales commissions. By giving them real-time access to their commissions, it aims to increase the motivation and productivity of sales representatives. Their mission is to improve sales compensation for businesses, and they have raised €5.1 million in funding to do so.
Defacto:
Small and medium-sized enterprises (SMEs) all over Europe can access credit infrastructure from Defacto, one of French early-stage startups, a Paris-based fintech company. Their main goal is to help SMEs grow by providing financing solutions in partnership with B2B marketplaces and fintechs.
The company provides access to immediate embedded lending via its API, allowing businesses operating in the new real economy to access the necessary capital. Defacto has secured a strong commitment to supporting the expansion and success of SMEs with a total funding amount of €21 million.
Umiami:
A food-tech startup called Umiami was established in Paris, France, in 2020. It provides a wide variety of whole-cut plant-based foods that resemble the flavour, crunch, and aroma of meat. It has raised an impressive €58.3 million towards its goal of offering the next generation of delicious and healthy plant-based meat alternatives.
Jimmy:
Industrialists can get carbon-free industrial heat solutions from Jimmy, an inventive startup. They generate heat using a nuclear micro-reactor, which has the potential to cut down on carbon emissions and fight climate change. Jimmy is dedicated to advancing green energy options and has raised a total of €15 million for this purpose.
Standing Ovation:
The Paris-based company Standing Ovation uses science and conventional cheese-making techniques to create authentic cheese without using any cows.
They produce their own caseins through fermentation and provide delectable dairy cheese that is as close to real dairy cheese as they can make it without using any animals or lactose. The business was established in 2021 and has raised €12 million to support moral and ethical food practises while providing scrumptious, premium goods.
CarbonWorks:
An industrial platform created by CarbonWorks, a startup based in London, uses microalgal photosynthesis to capture CO2 and recover it into natural raw materials. It has benefited from the experience of two industry leaders, Suez and Fermentalg, and has raised €11 million for its cutting-edge technology.
Mila:
Unpaid rent and non-occupant owner insurance are two services offered to real estate professionals by Puteaux-based Mila, one of French startups. It was established in 2020 with the goal of becoming the top insurer for real estate professionals. To support its expansion, €10 million has been raised.