French Tech is preparing for a wave of mergers

By Ingrid Vergara

Published ,

The European market represents on average only 22% of the revenues of French start-ups (here, the Station F start-up campus). RICCARDO MILANI/Hans Lucas via AFP

Despite a more difficult context, the turnover of French start-ups increased by 32% in 2022, according to the latest France Digitale-EY barometer.

Despite a significantly more tense economic context over the past eighteen months, French start-ups resist well. Backed by figures, the barometer on economic and social performance from France Digitale and the consulting firm EY paints a rather reuring picture of the state of health of young French startups.

Forced to adapt quickly to the sudden changes in economic winds last year and to the drying up of financing, they nevertheless saw their turnover continue to grow, on average by 32% between 2021 and 2022, or ten points more than the previous year. Because domestic demand has not weakened, driven mainly by large French groups. “The priority for French start-ups is to accelerate their development to achieve profitability. Because the best money is that of customers», underlines Maya Noël, general director of France Digitale.

Moreover, 30% of French start-ups declare themselves profitable, compared to 23%…

This article is reserved for subscribers. You have 75% left to discover.

Flash Sale -70%

Offer available until September 25. Without engagement.

Already subscribed?
Log in

Source link

Leave a Reply