Connect with us

Hi, what are you looking for?

France

French start-ups raised €800 million in April 2021

French start-ups raised €800 million in April, buoyed by several large-scale operations and a high number of deals (60). With three of the month’s five biggest deals in its fold, the mobility sector was the most popular with investors, raising nearly €262 million in investments, or a third of the monthly total. Next is fintech, with €232 million raised, followed by e-HR (€77 million).

The biggest deal of the month went to digital health insurance Alan, with €185 million raised. The start-up’s valuation has exceeded $1 billion, making it the largest fundraising in Europe for an insurtech. The funds will enable it to transform its business from a simple health insurance to an app offering all kinds of health services. Second on the podium is online driving school Ornikar, with a €100 million round of funding, which will allow it to continue its international expansion under the Onroad brand. BlaBlaCar is in third place with 97 million euros raised. The carpooling start-up, which suffered from the crisis of the covid, thus obtains an extension of financing from its investors in order to cross the current period and hope to reach profitability.

Advertisement

You May Also Like

Estonia

The online platform PRNEWS.IO, developed by a startup, is already helping clients save tens of thousands of dollars annually, mostly due to zero fees...

News

Onlyfans is starting to get into the Web3 and NFT space by launching an NFT trading card platform called Zoop. After the massive success...

Germany

Mental health is still a sought-after topic. Not only in general society, but also specifically in business, more and more people are becoming aware...

Germany

Mental health continues to be an important topic in our society. More and more startups are founded specifically in this field to support individuals...