Monday, January 17, 2022

g-f(2)826 The New World (1/17/2022), Bloomberg, France Gets its 25th Tech Unicorn, Reaching Macron’s Goal Early


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"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital ageThe New World, Tech Unicorns (1/17/2022)  g-f(2)426 


Lessons learned, Bloomberg  

Macron set a new target of creating 10 European tech giants


  • Warehouse robotics specialist Exotec raised funds at a $2 billion valuation, making it the 25th French startup to be valued at more than $1 billion.
  • The Croix, France-based startup’s announcement Monday means President Emmanuel Macron has met a goal he set in September 2019 of producing 25 unicorns three years early. 
  • In a Twitter video on the nation’s unicorns Macron set a new target of creating 10 European tech giants -- companies valued at more than 100 billion euros ($114 billion) -- by 2030. He said measures to achieve this would be announced in the coming weeks. 


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References




ABOUT THE AUTHORS

Benoit Berthelot


Reporter (@BenoitBerthelot) at Bloomberg covering tech, media, telecoms from Paris. Tips : DM or bberthelot@bloomberg.net. Book : 'Le monde selon Amazon'. 


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Lessons learned, Bloomberg


French Fintech Qonto Raises New Funds at $5 Billion Valuation


  • French fintech Qonto has raised 486 million euros in a funding round that valued the company at 4.4 billion euros ($5 billion).
  • Qonto offers financial services such as banking and expense management to SMEs and freelancers. The new money will be used to invest in its products, customer service and acquiring new talent, co-founder and Chief Executive Officer Alexandre Prot said in the statement. The company will also boost its presence in Germany, Italy and Spain by investing 100 million euros in each of these over the next two years.
  • Prot said the company has just a fraction of the 25 million potential SME customers in its addressable market.



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Lessons learned, Bloomberg


When $1 Billion Tech Unicorns Start to Look Like Ponies


  • In a world where every startup gallops, counting horns starts to look futile. France needs new metrics for a clearer innovation picture.
  • Like a lot of politicians, France’s Emmanuel Macron idolizes tech startups. They are seen to provide jobs, opportunity and entrepreneurship in a country needing all three, and they’re a benign counterweight to the establishment titans on the blue-chip CAC 40 stock index. 
  • Hence the online celebrations from Macron’s government this week as France added a 24th “unicorn” to its list of home-grown billion-dollar startups: Fintech firm Qonto was valued at $5.5 billion after raising funds. There’s been debate over whether France has 23, 24 or 25 unicorns; either way it’s highly likely that Macron will soon announce he’s hit his 2025 target of 25 unicorns about three years ahead of schedule.
  • For a supposedly mythical creature, startup unicorns are starting to look as common as everyday ponies. After all, what may be exciting for a country that had only four unicorns in 2018 barely registers at the global level: The U.S. boasts 644 unicorns, the U.K. 51 and Germany 33, according to data from analytics firm dealroom.co, which sees France as having 25. Whatever tide is lifting French boats is doing the same globally. There was a rapid 69% rise in startup valuations around the world last year, according to CBInsights, birthing 517 new unicorns for a total of 959.




ABOUT THE AUTHORS

Lionel Laurent


Lionel Laurent (@LionelRALaurent) is a Bloomberg Opinion columnist covering the European Union and France. He worked previously at Reuters and Forbes.


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  • Category 2: The Big Picture of the Digital Age
  • [genioux fact deduced or extracted from Bloomberg]
  • This is a “genioux fact fast solution.”
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  • Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).
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    • Inherited from sources + Supported by the knowledge of one or more experts.


References


“genioux facts”: The online programme on MASTERING “THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)826, Fernando Machuca, January 17, 2022, blog.geniouxfacts.comgeniouxfacts.comGenioux.com Corporation.


ABOUT THE AUTHORS


PhD with awarded honors in computer science in France

Fernando is the director of "genioux facts". He is the entrepreneur, researcher and professor who has a disruptive proposal in The Digital Age to improve the world and reduce poverty + ignorance + violence. A critical piece of the solution puzzle is "genioux facts"The Innovation Value of "genioux facts" is exceptional for individuals, companies and any kind of organization.




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