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Hexa, the Paris-based startup studio that began its life as eFounders, simply shared a listing of the six subsequent corporations that can emerge from the studio. It’s an fascinating mixture of enterprise SaaS startups with a blockchain knowledge startup thrown into the combination.
And given eFounders’ observe file, it’s at all times fascinating to see the concepts and tendencies that seem from these new batches. As a reminder, eFounders was created in 2011 with a deal with SaaS startups engaged on instruments and providers that outline the way forward for work.
A few of eFounders’ portfolio corporations embrace Entrance, Spendesk and Aircall. Extra not too long ago, 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 subjects.
Hexa has launched over 40 startups over the previous decade. A few of them have labored remarkably properly, others by no means actually took off. Final 12 months, Hexa portfolio corporations reached a complete valuation of $5 billion.
Hexa and its startup studios provide you with the concepts behind these startups. They then attempt to discover the correct founding crew to iterate on these concepts day in, time out. For the primary 12 months or so, the startup studio brings its experience in terms of 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 crew can transfer on to different tasks. When requested about Hexa’s stake in its startup, Hexa co-founder and CEO Thibaud Elziere advised 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 subsequent Hexa startups.
Riverflow
Riverflow is a startup that was created by Hexa’s web3 startup studio known as 3founders. It’s an information orchestration startup centered on blockchain knowledge.
It is possible for you to to make use of Riverflow to fetch data from sensible contracts, blockchain transactions, pockets addresses and extra. That knowledge can then be manipulated and transferred to a knowledge warehouse, an analytics or a BI software.
At first, I believed Riverflow would work a bit like Zapier, however with blockchain knowledge. “It’s precisely like that, nevertheless it’s a software for knowledge analysts. So it really works extra like Section than Zapier, permitting customers to place blockchain knowledge into knowledge warehouses and SaaS instruments,” mentioned Florent Quinti, the top of 3founders.
Okko
Okko is a startup that streamlines procurement processes. Who would have thought that procurement would change into an vital vertical for tech startups?
However, in 2023, as many tech founders are looking for methods to chop prices and lengthen 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 in the event you can see the complete image and use it as a spend administration system.
Not like Pivot, Okko doesn’t wish to construct a contemporary procurement system from scratch. Okko desires to combine with current programs, similar to Oracle NetSuite, and modernize the seller portal or the interface to create a purchase order order.
Catalog
Catalog is a brand new SaaS software for B2B wholesale orders. Take into consideration a clothes model promoting garments to impartial shops, as an example.
The identify right here is sort of clear as Catalog desires to overtake the catalog that corporations use for his or her B2B purchasers. As a substitute of sharing an Excel file with a bunch of obscure reference numbers, Catalog centralizes all product data on a web site.
On-line orders are then immediately built-in within the firm’s ERP and it opens up new prospects in terms of recurring orders, promotions, new product launches, and so forth.
RingX
RingX continues to be a codename for this startup centered on company data. As many roles have gotten increasingly technical, it may be laborious to search out the correct sources to learn to do one thing the correct method.
As a substitute of sharing the correct sources with you, this startup desires to attach you with professionals working for different corporations who’ve already encountered the identical challenge. Folks will be capable of benefit from this peer-to-peer platform to attach with professionals and be taught new issues.
Kiosk
Kiosk is a SaaS startup constructed on prime of WhatsApp Enterprise. It could possibly be outlined as a technique to lengthen WhatsApp with extra options in order that corporations can use the messaging platform extra effectively to speak with their prospects.
As an example, Kiosk could possibly be used as a technique to get new prospects with a easy chatbot-like funnel. Potential prospects begin a WhatsApp dialog and reply some easy questions, similar to “when would you want to start out your house renovation venture?”, “how huge is your house”, and so forth.
Kiosk may additionally assist you deal with help requests because of integration with different SaaS instruments, similar to your assist desk, your CRM or your e-commerce platform.
Tengo
And eventually, Tengo centralizes all French public tenders in order that corporations don’t miss a possible bid. This software could possibly be significantly helpful for corporations 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 answer personal tenders utilizing AI/LLM know-how,” mentioned Matthieu Vaxelaire, the top of eFounders.
Tengo could possibly be outlined as Govly, however for the French market.
Two unnamed tasks
Hexa is already eager about the tasks after these ones. It nonetheless has two extra startup concepts below the codenames TopiX and GPTX, nevertheless it has but to search out the founders that can work on these concepts.
TopiX shall be a mobile-first communication software with some AI component. GPTX shall be a generative AI-based software for inner use circumstances in corporations that worth privateness and safety.
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