Hexa, the Paris-based startup studio that began its life as eFounders, simply shared an inventory of the six subsequent firms that may emerge from the studio. It’s an attention-grabbing mixture of enterprise SaaS startups with a blockchain information startup thrown into the combo.
And given eFounders’ monitor document, it’s at all times attention-grabbing to see the concepts and tendencies that seem from these new batches. As a reminder, eFounders was created in 2011 with a concentrate on SaaS startups engaged on instruments and companies that outline the way forward for work.
A few of eFounders’ portfolio firms embody Entrance, Spendesk and Aircall. Extra lately, eFounders broadened its scope and rebranded itself into Hexa. Hexa is now an umbrella firm of a number of startup studios, together with eFounders on the way forward for work (nonetheless), 3founders on web3 startups, and Logic Founders for fintech matters.
Hexa has launched over 40 startups over the previous decade. A few of them have labored remarkably nicely, others by no means actually took off. Final 12 months, Hexa portfolio firms reached a complete valuation of $5 billion.
Hexa and its startup studios give you the concepts behind these startups. They then attempt to discover the best founding group to iterate on these concepts day in, day trip. For the primary 12 months or so, the startup studio brings its experience in relation to product design, go-to-market technique, hiring, fundraising and extra.
When a startup raises its seed spherical, it turns into a correct impartial firm and the startup studio group can transfer on to different tasks. When requested about Hexa’s stake in its startup, Hexa co-founder and CEO Thibaud Elziere instructed me “nothing is altering with Hexa, we nonetheless preserve 30% in fairness post-seed, besides that now 7.5% of this 30% stake is allotted to the studio founder.”
So listed here are the following Hexa startups.
Riverflow
Riverflow is a startup that was created by Hexa’s web3 startup studio referred to as 3founders. It’s a knowledge orchestration startup centered on blockchain information.
It is possible for you to to make use of Riverflow to fetch data from good contracts, blockchain transactions, pockets addresses and extra. That information can then be manipulated and transferred to an information warehouse, an analytics or a BI device.
At first, I believed Riverflow would work a bit like Zapier, however with blockchain information. “It’s precisely like that, but it surely’s a device for information analysts. So it really works extra like Phase than Zapier, permitting customers to place blockchain information into information warehouses and SaaS instruments,” stated Florent Quinti, the top of 3founders.
Okko
Okko is a startup that streamlines procurement processes. Who would have thought that procurement would grow to be an vital vertical for tech startups?
However, in 2023, as many tech founders are looking for methods to chop prices and prolong their runway, Okko isn’t the primary firm engaged on overhauling procurement instruments.
Many workers attempt to bypass the procurement platform as a result of it’s too complicated. However procurement is just efficient for those who can see the total image and use it as a spend administration system.
Not like Pivot, Okko doesn’t need to construct a contemporary procurement system from scratch. Okko desires to combine with current techniques, equivalent to Oracle NetSuite, and modernize the seller portal or the interface to create a purchase order order.
Catalog
Catalog is a brand new SaaS device for B2B wholesale orders. Take into consideration a clothes model promoting garments to impartial shops, as an illustration.
The title right here is sort of clear as Catalog desires to overtake the catalog that firms use for his or her B2B purchasers. As an alternative of sharing an Excel file with a bunch of obscure reference numbers, Catalog centralizes all product data on an internet site.
On-line orders are then instantly built-in within the firm’s ERP and it opens up new potentialities in relation to recurring orders, promotions, new product launches, and so on.
RingX
RingX continues to be a codename for this startup centered on company data. As many roles have gotten increasingly technical, it may be arduous to seek out the best sources to discover ways to do one thing the best approach.
As an alternative of sharing the best sources with you, this startup desires to attach you with professionals working for different firms who’ve already encountered the identical subject. Individuals will have the ability to reap the benefits of this peer-to-peer platform to attach with professionals and study new issues.
Kiosk
Kiosk is a SaaS startup constructed on high of WhatsApp Enterprise. It might be outlined as a strategy to prolong WhatsApp with extra options in order that firms can use the messaging platform extra effectively to speak with their prospects.
As an example, Kiosk might be used as a strategy to get new prospects with a easy chatbot-like funnel. Potential prospects begin a WhatsApp dialog and reply some easy questions, equivalent to “when would you want to start out your property renovation mission?”, “how massive is your property”, and so on.
Kiosk may additionally provide help to deal with assist requests because of integration with different SaaS instruments, equivalent to your assist desk, your CRM or your e-commerce platform.
Tengo
And at last, Tengo centralizes all French public tenders in order that firms don’t miss a possible bid. This device might be notably helpful for firms that rely closely on public tenders to generate income.
“We detect all public tenders (we’ve constructed a ‘Google Alert’ for public tenders) and we additionally assist to reply to non-public tenders utilizing AI/LLM expertise,” stated Matthieu Vaxelaire, the top of eFounders.
Tengo might be outlined as Govly, however for the French market.
Two unnamed tasks
Hexa is already interested by the tasks after these ones. It nonetheless has two extra startup concepts underneath the codenames TopiX and GPTX, but it surely has but to seek out the founders that may work on these concepts.
TopiX might be a mobile-first communication device with some AI component. GPTX might be a generative AI-based device for inner use instances in firms that worth privateness and safety.