Cybersecurity
Billionaire's Paris Startup Hub Growth Shows Ecosystem Progress
- Xavier Niel’s mega-campus for entrepreneurs is two years old
- Station F to start offering housing for startup members
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Billionaire Xavier Niel’s 250 million-euro ($285 million) bet that mega-campus Station F would help Paris become a global tech startup hub may be starting to pay off.
Entrepreneurs working out of Niel’s institution have collectively raised more than 567 million euros since the June 2017 inauguration, more than half of which arrived over the last financial year, Station F Director Roxanne Varza said in an interview. And in a move similar to WeWork’s expansion into communal residences, Station F is now adding housing for members, with three buildings opening to host 600 entrepreneurs with competitive rental prices.