Ranking of the biggest fundraisers in 2022
While 2021 saw record-breaking fundraising, 2022 was a more difficult year for startups. With rising interest rates, inflation and war in Ukraine, raising hundreds of millions of euros has been more complicated. To summarize the news of 2022, we present you the 10 biggest fundraisings.
Read more: The fundraising guide: all the steps to follow to successfully raise funds
10) 190 million euros raised by Spendesk in January 2022
Spendesk is a startup that enables small businesses with 50 to 1 000 employees to manage their business expenses. Initially specialized in online virtual payment cards, Spendesk facilitates the management of expenses and payments in companies. Today, it has 3500 customers. Spendesk's offer revolutionizes the management of corporate accounting and simplifies budgeting, accounting recording and many other low value-added actions. This round of financing has enabled it to reach unicorn status.
9) Alma raises €210 million in February 2022
Alma is a French fintech that offers fractional and deferred payment solutions. With more than 6,000 well-known stores (Alain Afflelou, Etam, Galeries Lafayette, Printemps, Ankorstore, etc.), Alma handles more than €1 billion in annual transaction volume. The current valuation of the company is unknown, but is said to be "close to a unicorn".
8) InnovaFeed raises €247 million in July 2022
InnovaFeed is a French startup founded in 2016 and working in the field of producing insect-based ingredients for animals and plants. With products designed with insect proteins, InnovaFeed stands out from other companies in the market. Eventually, InnovaFeed would like to take on human food.
Read more: The government wants 10 French unicorns on the stock market before 2025
7) 250 million for AnkorStore in January 2022
Ankorstore is the marketplace for independent retailers. With more than 15,000 brands and 200,000 independent retailers, the French unicorn is establishing itself as a market leader. Thanks to its latest fundraising of 250 million euros, Ankorstore is now valued at 1.6 billion euros.
6) 254 million euros raised by PayFit in January 2022
Payfit is a Paris-based start-up that develops payroll automation and human resources management software for SMEs with less than 100 employees. Present in France, Germany, Spain and England, Payfit manages the payroll of approximately 150,000 employees for 6,000 companies. It employs 700 people worldwide. Its goal is to reach 9,000 clients and 80% growth by 2022. Valued at €1.82 billion following this fundraising, it has become the 23rd French unicorn.
5) Exotec raises €290 million in January 2022
Exotec, founded in 2015, is a startup specializing in warehouse automation solutions. It is the first startup in logistics, and it is already revolutionizing the field by offering a new system of order preparation thanks to robots. With a speed of movement of 4 meters per second and they can fetch goods up to 12 meters high. Following this fundraising of 290 million euros, the valuation of Exotec has jumped to more than 1.75 billion euros.
Read more: Raising funds, is it necessarily a good idea?
4) BackMarket raises €420 million in January 2022
BackMarket has become a key player in the field of refurbished products. Leader in France with over 6 million consumers, BackMarket is committed to environmental issues. The latest round of financing in January 2022 of €420 million enabled it to exceed €4.5 billion in valuation.
3) Qonto raises 486 million in January 2022
Created in 2016, Qonto is a neo-bank mainly dedicated to self-employed entrepreneurs and professionals. It distinguishes itself from other professional banks by offering services at affordable prices, while allowing to fully manage its finances and linking its various accounting tools. With its latest fundraising of 486 million euros, Qonto is now valued at 4.4 billion euros.
2) 500 million euros raised by Doctolib in March 2022
Now known to all, Doctolib has grown tremendously during the Covid crisis by allowing everyone to find vaccination and testing centers. The French unicorn has transformed medical consultations and facilitated access to care. Today, Doctolib is ranked first French unicorn and is valued at 5.8 billion euros.
Read more: What is a sober unicorn?
1) 600 million euros raised by Contentsquare in July 2022
As a true global leader in online user experience analytics, Contentsquare provides online user behavior analysis. After having already raised 500 million euros in 2021, Contentsquare is raising 600 million euros in 2022 and thus doubling its valuation.
Summary of the biggest fundraising in 2022
To conclude, despite a global economic slowdown, some companies have made a splash by raising record amounts. On the other hand, it is obvious that many of the 10 biggest deals of 2022 took place at the beginning of the year, which is still a good time for fundraising.
