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These are the biggest French startups in 2023 according to the French government

It’s that time of the year. The French government and the government-backed initiative La French Tech gathered applications, processed the numbers and ranked the 120 top-performing startups in France right now, with a special category for the top 40. The result is two rankings that are based on objective criteria — the Next40 and French Tech 120.

Before I tell you more about the criteria and what you get when you’re part of these lists, here’s this year’s French Tech 120 and Next40:

Compared to last year’s Next40, 29 of them were already part of the top category. It means that 11 startups joined the group — some of them were already part of the French Tech 120 and out-performed the rest of the startup industry, such as EcoVadis, NW Storm, Innovafeed, Pigment and Verkor.

Newcomers in the Next40 are ClubFunding (a real estate investment platform), Electra and ZePlug (two EV charging startups), Flying Whales (airship manufacturer), SAFTI (real estate marketplace) and Wifirst (a professional telecom company).

As for last year’s Next40 startups, some of them became public companies — the French government only wants to include private companies in these rankings to give some visibility to companies that don’t share their earnings publicly. That’s the reason why Deezer is no longer here this year and OVHcloud was removed from the list last year. Others moved down to the second category or dropped off the rankings altogether. For instance, Meero is nowhere to be found. Read More…

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