Hexa, a Paris-based startup studio, has secured a €29 million financing deal involving four European banks: Belfius, Caisse d’Epargne Hauts de France, BNP Paribas Fortis, and CIC. The funds will be used to expand its operations, support new startups, and sustain long-term development. This credit facility follows a €35 million equity funding round in 2024, reinforcing the company’s financial position. Hexa has a track record of launching multiple startups and aims to scale its operations significantly in the coming years.
In earlier funding rounds, Hexa consistently attracted investors to support its expansion. Over the years, the company has evolved from its early days as eFounders, focusing mainly on B2B software, to a broader initiative encompassing fintech, web3, and other emerging sectors. While previous funding rounds concentrated on equity investments, this new revolving credit facility provides increased financial flexibility, ensuring liquidity for future ventures. The startup studio has also demonstrated the ability to secure significant funding for its portfolio companies, with €70 million raised by ten of them in 2024 alone.
What are Hexa’s expansion goals for 2025?
Hexa plans to launch 13 new startups in 2025, an increase from the 10 established in 2024. The company has set a long-term objective of creating 30 startups annually by 2030. As part of this goal, Hexa will collaborate with 22 founders, four of whom will be women, to enhance diversity in leadership positions. It also aims to recruit 40 employees for its startups, focusing on roles in technology, engineering, and sales.
The startup studio intends to expand its internal structure by adding two new partners, with at least one being a woman. Furthermore, Hexa is increasing its core team by hiring 10 professionals in product, design, and go-to-market (GTM) roles. These expansions are intended to support the company’s broader mission of fostering high-growth startups in sectors such as fintech and climate technology.
How did Hexa perform in 2024?
In 2024, Hexa successfully launched ten startups, bringing its total to 50 since its inception in 2011. Several of its portfolio companies secured funding from investors such as Point9, LocalGlobe, Eight Roads, and BPI, collectively raising €70 million. Additionally, the company experienced an exit when its portfolio company Numeral merged with Mambu.
During the same year, Hexa introduced Hexa Scale, an initiative aimed at helping startups achieve market leadership. This move included Hexa’s first majority investment of €5 million in Veevart, a U.S.-based SaaS platform for museums. These developments underscore the company’s growing influence in the startup ecosystem.
Initially operating as eFounders since 2011, Hexa transitioned to its current identity in 2022 to expand its focus beyond B2B software. This shift allowed the company to explore opportunities in fintech, web3, and other industries. Since then, Hexa has maintained its strategy of launching multiple startups through a collaborative approach, aiming to create companies that address specific industry challenges and introduce new products.
The €29 million financing agreement provides Hexa with a revolving credit facility, ensuring continuous liquidity to support its plans. Unlike previous equity funding rounds, this credit structure allows for more flexibility in capital allocation. As Hexa moves forward with its expansion, the company’s ability to sustain its growth while maintaining financial stability will be crucial. The startup studio’s goal of launching 30 startups annually by 2030 presents challenges in terms of execution, talent acquisition, and funding. However, with a solid financial foundation and an increasing portfolio of successful ventures, Hexa is positioned to continue expanding its reach in the European startup ecosystem.
