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The 10 fastest-growing startups in France | Sifted

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Like most other European early-stage companies, many French startups have prioritised cost-cutting over hiring in the past year. From €14.7bn in 2022, fundraising by French startups dipped significantly to €8.5bn in 2023, according to data from advisory firm Avolta — meaning many cash-strapped businesses found themselves reducing the size of their team, rather than increasing headcount. That is, except in deeptech and climate tech. France’s top three mega rounds last year included battery manufacturer Verkor’s record €850m equity round, AI darling Mistral’s €385m Series A and a €160m raise from insect farming scaleup Ÿnsect. Flush with cash, many deeptechs and climate techs are hiring at pace — and almost all of France’s fastest-expanding teams at the moment are working in either, or both, of these sectors. Sifted compiled the 10 companies that have seen their workforce grow the most over the last 12 months, using data from Dealroom. To avoid results being skewed by early-stage startup

Like most other European early-stage companies, many French startups have prioritised cost-cutting over hiring in the past year. From €14.7bn in 2022, fundraising by French startups dipped significantly to €8.5bn in 2023, according to data from advisory firm Avolta — meaning many cash-strapped businesses found themselves reducing the size of their team, rather than increasing headcount. That is, except in deeptech and climate tech. France’s top three mega rounds last year included battery manufacturer Verkor’s record €850m equity round, AI darling Mistral’s €385m Series A and a €160m raise fro

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