French tech startups seem to be engaged in a furious race to the top. The latest victor in this frothy competition is Back Market, which has claimed the title of most valuable French startup on the heels of a $510m round announced today.

The refurbished gadget marketplace is now valued at $5.7bn, which tops the previous record of €4.4bn ($4.98bn) that neobank Qonto reported just yesterday following its €486m funding round.

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