The French Tech Next40 2022: a Legal Survey

 

Equity financings by French start-ups and scale ups have reached record levels in the past few years, both in volume and value. We thought that it would be interesting to review the publicly available corporate documents on a selection of the most successful amongst them, to see what lessons we could learn objectively about “what’s market”.

We selected the 2022 edition of the French Tech Next 40 as our sample. These include French companies which have qualified as unicorns or have undertaken fund raisings of an amount in excess of EUR 100 million in the past three years.

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Our last publications

French Competition Authority sanctions a predatory acquisition for the first time on the basis of abuse of a dominant position

French Competition Authority (Autorité de la concurrence) has taken a new step in applying the Towercast case law (CJEU, 16 March 2023) by sanctioning for the first time a merger transaction on the basis of abuse of a dominant position. In this article, Renaud Christol and Paul Vialard analyze the key lessons from this decision […]

| COMPETITION AND ECONOMIC LAW

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In a ruling handed down on October 18, 2025, the CJEU ruled in Case C-2/24 P, Teva v. Cephalon v. European Commission, clarifying the conditions under which an amicable settlement agreement between patent holders and generic manufacturers can be classified as an anti-competitive agreement. In this article, Renaud Christol and Paul Vialard review the implications […]

| COMPETITION AND ECONOMIC LAW

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AMF vs. OCABSA: Does the End Justify the Means? – Finascope 04/08/2025

As the regulator steps up its crackdown on dilutive financing, Frank Martin Laprade analyzes the AMF’s offensive strategy from a legal standpoint. Beyond the goal of protecting retail investors, he raises a fundamental question of principle in this op-ed: can legal certainty be compromised in the name of regulation? An essential read to understand the […]

Paris | CORPORATE – M&A – PRIVATE EQUITY

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