Meero, an online photography editing and production tool company based out of France, recently fund raised $230 million. This is seen as an intense sign that France's President Macron hopes is an indicator economic growth.
Meero's fundraising is the biggest on record in France so far this year, beating Doctolib's 150 million-euro fundraising.
Investment company Eurazeo, which took part in Meero's fundraising, announced the total of $230 million that had been raised, via a statement.
Eurazeo invested $56 million out of that sum, which brings Meero's valuation above the $1 billion threshold used by the tech industry to identify so-called "unicorns" -- the most valuable and promising startups.
Investment companies Prime Ventures, Avenir Growth, Global Founders Capital, Aglaé Ventures, Alven, White Star Capital and Idinvest Partners also participated in the fundraising, whose financial details were not disclosed.
Meero was founded three years ago and is headquartered in Paris.
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