Hexa Unveils New Batch of B2B Software Startups, Expanding into New Industries

Max Carter

Max Carter

December 17, 2024 · 3 min read
Hexa Unveils New Batch of B2B Software Startups, Expanding into New Industries

Hexa, a renowned Paris-based startup studio, has announced its latest batch of projects, which are soon to become independent startups. This move marks a significant expansion for Hexa, as it ventures into new industries such as healthcare, artificial intelligence, and open source software.

Hexa, originally founded as eFounders in 2011, has a unique approach to startup creation. The studio comes up with ideas, matches them with founding teams, and provides support in product design, go-to-market strategy, hiring, and fundraising during the first year. In exchange for this investment, Hexa retains a 30% stake in its portfolio companies after their first funding round.

Hexa's track record is impressive, with several unicorns, including Front, Aircall, and Spendesk, emerging from its portfolio. Additionally, some of its startups, such as Swan and YouSign, are poised to become unicorns in the near future. According to Thibaud Elzière, Hexa's co-founder and CEO, at least five startups launched before 2021 are expected to generate between €100 million and €300 million in annual revenue over the next two years.

The latest batch of projects includes Annette, a weight loss platform; Basalt, a tool for writing prompts for large language models; DermaScan, a skin cancer detection startup; FieldX, a voice interface for field sales representatives; LegalX, an AI-powered product for law firms; OpenCertiX, an open source alternative to SOC 2 compliance platforms; Reki, a platform helping startups access non-dilutive financing; SleepX, a personalized healthcare program for women struggling with insomnia; StandardX, an AI-powered customer support platform; and Tandem, a customer support startup focused on onboarding.

These projects demonstrate Hexa's ability to adapt and innovate, exploring new industries and technologies. While the startup studio had initially planned to create a house of accelerators focused on specific verticals, it has since shifted its strategy, opting for a more streamlined approach under the Hexa brand.

Hexa's success is a testament to its unique model, which has attracted significant investment, including a $22 million funding round in 2023. As the startup studio continues to expand its portfolio, it will be interesting to see how these new projects develop and contribute to the startup ecosystem.

With its latest batch of startups, Hexa is poised to make a significant impact on various industries, from healthcare to customer support. As the startup studio continues to grow and evolve, it will be exciting to see how its projects shape the future of technology and innovation.

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