Startup Life/Communities/News/ What Station F’s future unicorns say about Europe Station F has picked out 40 early-stage companies it thinks will be Europe’s future stars — and the list says a lot about current trends in the startups ecosystem. By Marie Mawad in Paris 19 November 2020 Credits: Patrick Tourneboeuf Credits: Patrick Tourneboeuf \Startup Life The best newsletters to follow on European tech By Amy Lewin 27 September 2022 Startup Life/Communities/News/ What Station F’s future unicorns say about Europe Station F has picked out 40 early-stage companies it thinks will be Europe’s future stars — and the list says a lot about current trends in the startups ecosystem. By Marie Mawad in Paris 19 November 2020 Who has the most potential to become Europe’s next unicorn? Paris startups campus Station F has just picked out 40 names including startups like Outmind and Interstellar Lab from its pool of 1,200 residents — and its choices say a lot about the broader trends in France and Europe’s startups ecosystems. A majority of the companies among those Station F selected are business to business startups that help other companies accelerate the shift to digital — something particularly pressing during Covid-19. 70% of the startups on the list operate software as a service models. “There’s a big block of startups dedicated to simplifying and accelerating digitalization,” Marwan Elfitesse, Station F’s head of startup programs tells Sifted in an interview. “That makes sense given the European startup ecosystem is very much geared towards business-to-business models, and that market is huge in France.” Among the startups on the list is Uptale, which lets companies use augmented reality to train employees; Phacil, which has digital services geared towards pharmacies; and Mercateam, which makes software for managing staff in factories. “Entrepreneurship isn’t always about remaking the entire world. There’s room to make an impact in other ways,” says Elfitesse. “A lot of startups are building on trends that were already on the rise last year and that have accelerated since, including in the context of Covid.” This is Station F’s second year highlighting 40 startups, under the banner “Future 40”. Among last year’s selection, startups like Stonly and Okarito both completed multi-million-euro fundraising rounds. QantEv, a deeptech startup that makes data management software for insurance companies, raised €1.5m this month from investors including Elaia Partners. All of the companies selected this year are still in the early stages: they were set up less than two years ago and have raised less than €1m. And all of them are hiring — they’ve got seven people already on average, and are aiming for 12 by year-end — and 70% generate recurring revenue. More than a third have female founders, which is roughly the proportion of female residents at Station F overall. One notable exception to all the companies on the list selling enterprise software is Interstellar Lab, a company with the wild idea of building a prototype Mars settlement in California to research living on the red planet. Tourists will also be able to go for around $6,000 a week. Two of the companies — Fibrainy and Chez Vos Producteurs — also came from the Station F’s “Fighters program”, which is for entrepreneurs coming from underprivileged backgrounds. The full list of companies is here: Interstallar Lab Bricks.ai SalesTim EyePick Switchy Papondu My Digital Buildings Axel Fibrany Uptale Fintecture 900.care Hello My Bot Sonar Omni Mailwarm Delpha Heraw Chez Vos Producteurs Outmind FACIL’iti Nalia Leeway Loomi Healthy Mind Kinetix Phacil Orion Semantics Kara.ai Allphins Juste. Chaintrust TRIPARTIE EPISTO DeltaBlock Pronoo UNiFAi Turgo Mercateam Plantik Biosciences Marie Mawad is Sifted’s French correspondent. She also covers AI, and tweets from @Marie_a_Paris Related Articles Move over London, we want to work closer to home By Freddie Fforde Click here to read more Insider view: Iceland, in the perfect spot halfway between Europe and the US By Mimi Billing Click here to read more Coronavirus prompts surge in demand for childcare startups By Tim Smith Click here to read more Insider view: Amsterdam’s friendly tech community By Amy Lewin Click here to read more Most Read 1 \Healthtech Is Daniel Ek’s new body scanner worth the hype? Sifted tried it out 2 \Venture Capital VC diversity needs to change — and white men need to take responsibility 3 \Venture Capital New €3.75bn European Investment Fund pot to back late-stage VCs 4 \Sustainability Counteract closes £15m fund for carbon removal solutions 5 \Mobility Was the $5bn that VCs plugged into escooters worth it?