French Tech presented the French Tech Next40/120 class for 2024. Created in 2019, this state support program brings together 120 of the most successful startups. New criteria have been introduced for this edition. From now on, “The 120 seats are now evenly split between selection by income (60 seats) and fundraising (60 seats)”, we read in the press release. The consequence of this change: if the entry threshold for fundraising remains the same as in 2023, the entry threshold based on turnover is significantly increased.
French Tech Next 40/120: numbers to remember in 2024
According to Clara Chappaz, director of the French Technology Mission, the class of 2024 “raises the bar once again”with winning companies that “they are strengthening their strength and attacking new markets faster and harder, in France and abroad”. Here are 5 facts to remember about this promotion:
- Startups from the promotion will have a total turnover of 10.4 billion euros in 2023, which is an increase of 32.5% in one year,
- 30% of companies in promotion are profitable,
- Startups have a total of 40,000 direct jobs, of which 70% in France as of January 1, 2024 (compared to 36,900 in January 2023),
- 88% of startups are present internationally,
- In 2023, 8.3 billion euros were collected, compared to 13.5 billion in 2022.
11 new participants in Next40
In total, the number of new participants in Next120 is 34 startups. As Last year, 11 companies enter the Next40 ranking. Among them we find Mistral AIwhich recently launched its chatbot Cat, aiming to compete with industry giants such as ChatGPT, Google Gemini or Microsoft Copilot. Here are the 11 new Next40 entrants:
GreenTech is the number 1 sector of this promotion
This year, GreenTech “it is set as the main component of the selection”, highlights French Tech, with 24 representatives from different sectors. Among them we find companies dedicated to mobility, such as BlablaCar, circular economy, such as Back Market and Vestiaire Collective, energy, healthy and sustainable food, represented by La Fourche, or even services for businesses.
In particular, we observe the very good results of GreenTech startups, which are progressing well to become the leading investment sector of French Tech in 2023, which of course we find in force in this new French Tech Next40/120 promotion with 24 winners, or 20% of the selected start-ups, rejoices Marina Ferrari, the state secretary in charge of
Digital.
In second place among the most represented sectors is FinTech-InsurTech with 21 startups. It is followed by the Retail sector with 16 startups, then HealthTech with 14.
DeepTech strongly represented
For their part, DeepTech companies, with a strong technological dimension, represent 22.5% of French Tech Next40/120 startups. These structures design disruptive innovations in various fields such as artificial intelligence (Mistral AI), quantum (Pasqal), space (Unseenlabs, Exotrail), health (Moon Surgical, Aqemia, Hoppen) as well as in the GreenTech and AgriTech sectors (Umiami, Zeleno). .
This increase in the number of DeepTech companies among the 120 most successful French startups shows the relevance and quality of the support they provide
France 2030. 20 French Tech Next40/120 companies are financially supported by France 2030 as part of their innovation project, French Tech writes in its press release.