Paris-based Hexa, a startup studio empowering founders to build ‘exceptional’ companies, has finalised a €29M financing agreement with four European banks including Belfius, Caisse d’Epargne Hauts de France, BNP Paribas Fortis, and CIC.
The funding is structured as a revolving credit facility, ensuring liquidity to support the company’s expansion.
The proceeds will be used to explore new opportunities, grow the team, develop companies, and sustain long-term progress. This financing agreement follows Hexa’s €35M equity funding round in 2024.
Plans for 2025
Hexa aims to launch 13 startups in 2025, three more than in 2024, as part of its goal to reach 30 startups per year by 2030. In January, it was announced that two of these companies will come from Hexa Scale, an initiative focused on helping startups grow into market leaders.
To achieve this, Hexa plans to partner with 22 founders, four of whom will be women, as part of its effort to increase diversity in leadership.
The company will also bring on two new partners, with at least one being a woman, and expand its core team by 10 people in product, design, and GTM. Additionally, Hexa aims to recruit 40 first hires for its startups, focusing on tech, engineering, and sales.
These initiatives are designed to support Hexa’s expanding operations and strengthen its impact in key sectors, including climate and fintech.
Hexa’s 2024 milestones
In 2024, Hexa launched 10 new companies, bringing its total to 50 since its establishment in 2011. Ten portfolio companies secured €70M in funding from investors, including Point9, LocalGlobe, Eight Roads, and BPI. Additionally, Hexa saw an exit as Numeral merged with Mambu.
The French company also introduced Hexa Scale. As part of this initiative, the company made its first majority investment of €5M in Veevart, a US-based SaaS platform for museums.
Hexa’s evolution from eFounders to a broader scope
eFounders was launched in 2011 by Thibaud Elziere and Quentin Nickmans, later joined by Amaury Sepulchre. The company introduced a startup studio model, focusing on launching multiple businesses simultaneously through a collaborative approach.
In 2022, eFounders transitioned into Hexa to expand beyond B2B software in the future of the work sector. Hexa now builds companies in fintech, web3, and other industries.
The company’s approach centers on creating businesses that introduce new products, address industry challenges, and contribute to broader progress in various sectors.
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