Paris-based renewed electronics marketplace Back Market raises €449 million and becomes one of France’s most valuable startups

Back Market has joined France’s growing 2022 list of unicorns with mega funding this January, after reaching over €5 billion in valuation following a €449 million funding boost. This comes after a mega-funding round in May 2021 and reflects sustained belief in the young startup’s offering and French tech as a whole.

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French tech scene in 2022: predictions and expectations

France is undoubtedly one of Europe’s startup hubs and the tech ecosystem has been growing from strength to strength over recent years. Thanks to a combination of an influx of highly skilled young professionals, booming VC investments and an ecosystem that supports and promotes growth (including incubators and accelerator programmes), the country has the elements to mark itself as a giant on the global startup map.

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