While London has traditionally dominated the European tech scene with the most venture capital investment and the highest proportion of unicorns, Paris is hot on its heels.
According to the 2022 report State of European Tech by Atomico, France has overtaken the UK in capitalizing on the public technology market.
What’s more, French startups have become among the best-funded and are on an upward trajectory compared with their UK counterparts, where investment has fallen by 22% in one year.
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A visa for the future
Part of this success is due to the French government’s plan to promote technology and foster its startup scene. The « France 2030 » plan of 30 billion euros, which was established in 2021 by President Emmanuel Macron, aims to create 100 French technology unicorns by 2030.
Until now, the number of unicorns in Paris is 28 and according to Startup Blink, there are now more than 8,000 startups in the city.
The French Tech visa, announced in 2019, was developed to attract tech entrepreneurs and talent to Paris rather than more established cities like London and New York.
This visa is valid for four years. The only requirements are an employment contract of at least three months’ duration and that the salary is at least twice the French minimum wage (around €20,000) to ensure a salary of at least €40,295 a year.
According to Startup Genome, the average salary for software engineers in Paris is $48,000 (€44,000) per year, above the global average of $46,000 (€42,756) per year.
Investments abound in the tech sector
Beyond staff logistics, the focus on AI and fintech is also helping to support France’s efforts to strengthen its technology ecosystem.
In June, at the VivaTech conference, Mr. Macron announced an additional investment of 500 million euros in AI to create Artificial Intelligence « champions ». Moreover, €40 million will be dedicated to attracting more capital from private investors to develop open source AI systems for French projects. « We believe in open-source ».he declared.
One of these « champions » is Mistral.aian open source competitor to OpenAI’s ChatGPT, which raised an impressive €105 million in its first four weeks and counts former Meta and Alphabet employees among its staff.
Whether you already work in Paris, or would like to relocate to the capital and start looking for a job, the Journal Du Coin Job Board is the ideal place to start your search.
It offers thousands of technology jobs at companies that are actively hiring, like the three below.
PayFit
Europe’s first unicorn of 2022 was PayFita cloud-based payroll software provider working with hundreds of companies across Europe. Based in Paris, its latest Series E funding round raised 254 million euros and, as such, the company is increasing its headcount accordingly.
The company is looking for a Global Strategy Manager to build PayFit’s strategic roadmap and identify new growth opportunities. It also offers an opportunity for a staff software engineer to drive the evolution of PayFit’s SaaS architecture.
Ledger
Founded in 2014 French unicorn Ledger is a global platform for digital and Web3 assets, securing 20% of the world’s cryptographic assets. Headquartered in Paris, it has over 900 employees and is currently seeking a senior software engineer to work in its Ledger Connectivity team, which contributes to tools such as Wallet API, Wallet Sync and Connect Kit.
Do you have blockchain expertise? Send us your application for a position as team leader working on Ledger Live, an application designed to manage blockchain-backed assets.
Cometh
The global blockchain gaming market is expected to reach $65.7 billion by 2027. Here in France, Cometh, a Web3 game studiois a pioneer of blockchain technology, using large-scale data processing across multiple services.
It has created its own in-house suite of tools to meet the challenges of decentralized application development, and is now seeking a backend developer for our Paris office. In this position, you will design, develop and maintain APIs and build robust solutions to complex problems.
Accelerate your technology career today via the Journal Du Coin job board.