September by D’Ornano+Co.: European Unicorns, Warby Parker's IPO, and why European valuations are hot

This is the first issue of our monthly newsletter dedicated to Tech x Investments

As you may have already read somewhere, the first half of this year has been exceptional in terms of investment in European Tech, with unprecedented valuation levels (43.8 billion euros raised in H1), even for French Tech, which has already raised more funds in 6 months than in the whole of last year.

Nevertheless, despite securing more than 400 deals this year, France still lags behind the German and UK Tech sectors. We are not yet at Macron's objective of 25 Unicorns by 2025.

Do we even have the capacity? We have every right to hope so, given that the number of Unicorns in France has tripled in 3 years, and that this acceleration has no parallel among our European neighbours! Also, French unicorns no longer shy away from their international ambitions, and want to become global champions, which of course attracts more and more global funds in turn, including the largest American funds, whose appetite for French and European unicorns has only grown in recent months, well aware of the un…