France's capital is more than home to baguettes, brie, and the 35-hour work week. It's also a major driver of the global economy, with more rapidly growing private businesses than any other city in Europe on the inaugural Inc. 5000 Europe list.
While Paris isn't traditionally known as a great place to start up--founders often cite plenty of government red tape, high taxes, as well as a cultural aversion to risk-taking--the city has recently evolved to become a major tech hub, according to recent research from The Paris Tech Guide: In 2013 alone, roughly $1 billion was invested in early-stage ventures.
Inc. crunched the numbers, tabulating annual revenue between fiscal years 2010 and 2013, to determine the fastest-growing private business in the City of Lights.
10. Finaveo & Associes
This agency wants to help out fellow entrepreneurs by minimizing the hassle when it comes to picking an insurance plan. Co-founded by Franck Fourriere, Axel Rason, Alexandre Peschet, and Pascal Vieville in 2009, Finaveo & Associes brought in more than $4 million in annual revenue in 2013, nabbing No. 293 on the 2015 Inc. 5000 Europe list.
9. SIA Holding
Nestled in the city's charming Montmartre neighborhood, SIA Holding is a financial services startup which has grown by more than 1,000 percent since its founding in 2010. Helmed by Matthieu Courtecuisse, SIA Holding reeled in more than $55 million in annual revenue in 2013.
8. Cinemas a la Demande
Operated through its parent company, Metropolitan FilmExport, Cinemas a la Demande distributes movies online. The company has experienced rapid growth since it launched in 2010: The distributor brought in more than $5.5 million in 2013 alone, up from $412,433 in 2010. At the helm of Metropolitan FilmExport are brothers--and film-industry juggernauts--Victor and Samuel Hadida, who began introducing classic (and cult) American films to France as early as 1978.
7. Place des Leads
At just five years old, the French marketing agency Place des Leads nabs No. 212 on the Inc. 5000 Europe list, having grown its annual revenue by more than 1,200 percent between fiscal years 2010 and 2013, when it brought in more than $3.8 million. The company has 25 total employees, and is headed up by CEO Ralph Ruimy.
6. Delifresh Ile de France
Founded in 2008, Delifresh is a freight transportation company. Headed up by founder Lionel Plessy, this Parisian business brought in $5.5 million in revenue in 2013, representing a 1,300 percent uptick from 2010. It ranks No. 203 on the Inc. 5000 Europe list.
5. Immobiliere Ile de France
With just nine total employees at the time of application, this French startup helps people find (and sell) prime real estate in northern France. With CEO Gilles Champseix at the helm, Immobiliere Ile de France grew its annual revenue by nearly 1,400 percent between fiscal years 2010 and 2013. That's a dramatic upsurge, given that it was founded back in 1993.
4. Prosolia France
Prosolia owns, operates, and installs photovoltaic power plants out of its headquarters in Spain. But its French branch--Prosolia France SAS--is experiencing breakneck growth. Founded in 2008, Prosolia is on a mission to provide renewable energy sources to consumers (both individuals and large corporations). Prosolia France brought in more than $9.5 million in annual revenue in 2013, representing a three-year growth rate of more than 1,422 percent.
3. Hacor Services
Ranking No. 128 on the Inc. 500 Europe list, Hacor Services helps people find jobs--and it's been demonstrably successful at it. The company reeled in more than $4.4 million in 2013 alone, an uptick of more than 1,500 percent from 2010.
2. W5 Consulting
This consulting company caters to a variety of businesses, including giants like Starbucks and Visa. Founded in 2003, it grew its annual revenue by more than 2,096 percent between fiscal years 2010 and 2013, when it brought in $15 million. It clocks in at No. 54 on the Inc. 5000 Europe list, and it's also the second-fastest-growing private business in Paris.
The fastest-growing private company in Paris is the mobile advertising agency MobPartner. Founded in 2009, Mobpartner has since expanded to locations in San Francisco, Beijing, and London. With CEO Djamel Agaoua at the helm, MobPartner brought in more than $16.6 million in annual revenue in 2013, representing a three-year growth rate of more than 2,213 percent.