Category Archives: France Newsletter

Axeleo Capital raises $51 million fund

Axeleo Capital has raised a $51 million fund (€45 million). Axeleo first started with an accelerator focused on enterprise startups. The firm is now all grown up with an acceleration program and a full-fledged VC fund. The accelerator is now called Axeleo Scale, while the fund is called Axeleo Capital. And it’s important to mention both parts of the business as they work hand in hand. Axeleo picks up around 10 startups per year and help them reach the Series A stage. If they’re doing well over […]

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Meet eFounders’ next batch of startups that want to redefine the future of work

European startup studio eFounders has been relentlessly building new startups over the past few years. In 2019, the company plans to launch Bonjour, a demo tool for sales teams, Chilli, a recommandation service to help small and medium companies leverage modern software-as-a-service products, and Swan, a banking API to generate banking services on demand. If you’re not familiar with eFounders, the team regularly comes up with ideas for new software-as-a-service companies and hires founding teams. In exchange for financial and human resources, eFounders keeps a significant stake […]

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This robot can park your car for you

French startup Stanley Robotics showed off its self-driving parking robot at Lyon-Saint-Exupéry airport today. While I couldn’t be there in person, the service is going live by the end of March 2019. And here’s what it looks like. The startup has been working on a robot called Stan. These giant robots can literally pick up your car at the entrance of a gigantic parking lot and then park it for you. You might think that parking isn’t that hard, but it makes a lot of sense when […]

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Court dismisses Paris lawsuit against Airbnb for illegal listings

A court in Paris has dismissed a case against Airbnb, as Le Monde reported. Last month, the City of Paris sued Airbnb for 1,010 illegal listings. According to the mayor’s office, Airbnb failed to comply with regulation in Paris. Paris has been trying to limit the effect of Airbnb on the housing market in Paris. Paris is one of the top cities for Airbnb in the world. A few years ago, many people stopped renting their apartments the traditional way in favor of Airbnb. The average rental […]

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France overhauls its special visa for tech talent

The French government has unveiled a complete overhaul of the French Tech Visa for employees working for a tech company. And France is taking a contrarian stance by making it easier to come work in France. Let’s start with the big number. According to French Tech Mission director Kat Borlongan, there are more than 10,000 startups that meet the requirements to access the French Tech Visa and hire foreign employees more easily. (And if you live in the European Union, you don’t need a visa, of course.) […]

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Shift Technology raises $60 million to detect insurance fraud

Paris-based Shift Technology has raised another $60 million funding round. Bessemer Venture Partners is leading the round and existing investors Accel, General Catalyst, Iris Capital and Elaia Partners are also participating. Shift Technology is all about detecting fraudulent insurance claims. There are 70 insurance companies around the world relying on its product, such as MACIF in France, Axa in Spain, and CNA and HyreCar in the U.S. And given the size of those companies, it means that Shift Technology is processing a ton of claims every day. […]

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Mirakl raises $70 million to manage the marketplace of your e-commerce website

French startup Mirakl raised a $70 million funding round. Bain Capital is leading the round with existing investors 83North, Felix Capital and Elaia Partners also participating. If you’ve bought a few products from a third-party seller on an e-commerce website that isn’t Amazon or Alibaba, chances are you’ve used Mirakl in the past. The company has built a solution to manage the marketplace of your e-commerce platform. While Mirakl doesn’t have a ton of customers, each customer is very valuable. The company has worked with some of […]

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Made.com founder Ning Li launches cosmetics startup Typology

Meet Typology, a new Paris-based startup that designs and sells directly to consumer quality skincare and cosmetics products. The startup has been founded by Made.com co-founder Ning Li and is officially launching today. “Typology is a relatively ambitious project. We want to challenge FMCG [fast-moving consumer goods] brands with a digital pure player,” Ning Li told me. “I spent all my career working in e-commerce. I’ve seen a lot of industries move from offline to online. But some industries, such as cosmetics, food and do-it-yourself, have been […]

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StarOfService switches business model for its independent contractor marketplace

French startup StarOfService has recently switched its business model and has been profitable for the month of January 2019. The company operates a marketplace for independent contractors, a sort of Thumbtack for the rest of the world. If you’re looking for a plumber, a music teacher or a DJ for a wedding, StarOfService can help you find one. The service is now available in 80 countries in Europe and has worked with 500,000 professionals over the years. It’s unclear how many of them are active right now. […]

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Alan raises another $45 million for its health insurance product

Paris-based startup Alan has raised a Series B round of funding of $45 million (€40 million). Index Ventures is once again leading the round, with partners of DST Global also participating. The company had raised a $28 million funding round only 10 months ago. Alan is a software-as-a-service startup tackling a very specific industry: the health insurance market in France — and soon across Europe. The company wants to create a well-designed insurance product with transparent pricing and policies to make healthcare more accessible. And it isn’t […]

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