Don’t underestimate first-time founders

Back Market

January 20, 2022

French payroll startup PayFit is now valued at $2.1 billion after raising a $289 million Series E round. It’s not France’s only recent unicorn, though: Ankorstore, Qonto, Exotec and Spendesk also joined the club this month.

If you add Back Market’s $510 million Series E round valuing the company at $5.7 billion, things are shaping up well for French tech in 2022.

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