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eFounders operates as a startup studio, specializing in the creation of B2B SaaS companies. Its core product is the launch and development of new ventures, particularly within the Future of Work sector. The studio builds companies from conception, focusing on developing robust software solutions that address evolving business needs and workplace dynamics, having launched over 30 companies to date.
The company was co-founded by Thibaud Elziere in 2011, establishing a unique model within the startup ecosystem. Elziere's insight was to directly build companies in partnership with entrepreneurial teams, rather than solely investing or advising. This approach involves recruiting dedicated business and technical co-founders, who then lead the newly formed entities, leveraging the studio's initial support and resources.
The companies created by eFounders serve a diverse range of businesses seeking advanced software tools to enhance productivity and streamline operations. The studio's vision centers on continuously innovating and shaping the landscape of enterprise software. It aims to be a prolific creator of impactful B2B solutions, fostering a portfolio of successful independent companies that define the next generation of work.
Key people at eFounders.
eFounders was founded in 2011 by Julien Fissette (Entrepreneur in Residence | Co-founder of a new eFounders project) and Thibaud Elziere (CEO & Founder).
eFounders was founded in 2011 by Julien Fissette (Entrepreneur in Residence | Co-founder of a new eFounders project) and Thibaud Elziere (CEO & Founder).
Key people at eFounders.
eFounders, now rebranded as Hexa, is a European startup studio that partners with entrepreneurs to build and launch software-as-a-service (SaaS) startups, primarily in sectors such as artificial intelligence, fintech, future of work, and health. It provides founding teams with ideas, seed funding, strategic advice, and operational support to accelerate product development and market entry. Over 11 years, eFounders has contributed to launching more than 30 startups, including notable unicorns like Spendesk, Aircall, and Front, collectively reaching a valuation of around $5 billion and employing about 3,000 people. Hexa maintains a significant equity stake (around 25-30%) in its startups, aligning its success with that of the companies it helps create[1][2][3].
Founded in 2011 by Thibaud Elzière and Quentin Nickmans in Brussels and Paris, eFounders pioneered the startup studio model in Europe, focusing initially on SaaS startups. The founders, with backgrounds in entrepreneurship and technology, designed the studio to provide a turnkey project to founders—offering ideas, initial capital, and strategic guidance from day one. The company raised its first funds in 2015 and 2016, each €5 million, and quickly gained traction with multiple startups raising significant capital and successful exits, such as the sale of TextMaster in 2018. In 2022, eFounders restructured and rebranded as Hexa, becoming a holding company for multiple specialized startup studios, including a new Web3-focused studio called 3founders, while keeping eFounders as the SaaS-focused vertical[1][3].
eFounders/Hexa rides the growing trend of startup studios as an alternative to traditional entrepreneurship, democratizing team-based company creation. This model addresses the challenges of founder recruitment and early-stage risk by providing ready ideas and resources, which is increasingly relevant in a competitive startup ecosystem. The timing aligns with rising investor interest in SaaS, AI, and fintech innovations, as well as the emergence of new technologies like Web3. Hexa’s approach influences the broader ecosystem by proving the viability of the studio model in Europe, fostering innovation, and accelerating startup formation with a hands-on, team-oriented methodology[1][2][3].
Looking ahead, Hexa is positioned to expand its portfolio by launching more startups across its specialized studios, leveraging its proven formula while potentially raising external funds to scale investment capacity. Trends such as AI integration, decentralized technologies (Web3), and digital transformation in finance and work environments will shape its journey. Hexa’s influence may grow as it continues to professionalize and democratize entrepreneurship, potentially becoming a key player in European and global startup ecosystems by blending venture capital, operational expertise, and community building in a scalable studio model[1][2][3].
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 19, 2026 | Parallel | $20.0M Series A | Julia Andre | Arthur Mensch, Felix Blossier, Quentin de Metz, Vincent Bouvier, Pierre Entremont, Y Combinator |
| Nov 1, 2025 | Dialog | $4.0M Seed | Galion.exe | Michael Benabou, Romain Niccoli, Thibaud Elziere, Thibaud Elziere, Kima Ventures, Weaving Invest |
| Aug 1, 2025 | VibeCode | $9.0M Seed | — | 20VC, Point Nine Capital, Seven Seven Six, Thirty Five Ventures, Mario Götze, Nicolas Julia, Robin Sabban, Thibaud Elziere, Youcef Es-skouri |
| Apr 1, 2025 | Grâce | $6.0M Seed | — | Partech Ventures, Speedinvest, Alexandre Dalyac, Job Van Der Voort, Philippe Teixeira da Mota |
| Apr 1, 2025 | Ovo Labs | $5.0M Seed | Creator Fund, LocalGlobe | Airtree Ventures, LGF, Partech Ventures, The Yield Lab LATAM, Y Combinator, Antonio Pellicer, Ahren Innovation Capital, Blue Wire Capital |
| Apr 1, 2025 | Blue Bridge | $2.0M Seed | — | IDInvest Partners, Partech Ventures, Alexandre Dalyac, Didier Valet |
| Mar 1, 2025 | BlackWall | $49.0M Series B | — | Dawn Capital, MMC Ventures, #SecretFund, Stefan Lindeberg, Thibaud Elziere |
| Feb 1, 2025 | handly | $4.0M Seed | Stride VC, 20VC | 10x Group, Angel Invest, Rexhep Dollaku, Crosslink Capital, Firework Ventures, General Catalyst, GSV Acceleration, Math Capital, Owl Ventures, Peak, Point Nine Capital, Seven Seven Six, Sinai Ventures, Thirty Five Ventures, Two Sigma Ventures, Vine Ventures LP, Brian O'Kelley, Lea- Sophie Cramer, Mario Götze, Nicolas Julia, Robin Sabban, Thibaud Elziere, Verena Pausder, Youcef Es-skouri |
| Nov 1, 2024 | Volter | $3.0M Seed | Transition | Foundamental, Northzone, Seedcamp, Adam Wiggins, Jonathan Widawski, Nicolas Steegmann, Ralph Gootee, Thibaud Elziere |
| Nov 1, 2024 | Argil | $4.0M Seed | EQT Ventures | Factorial, Motier Ventures, Norrsken VC, Y Combinator, Alexandre Scialom, Florian Douetteau, Rand Hindi, Thibaud Elziere, Yan-David Erlich |
| Oct 1, 2024 | Hubcycle | $16.0M Series A | — | 50 Partners Impact, Bleu Capital, Daphni, DN Capital, Kima Ventures, Pareto Holdings, #SecretFund, Serena Capital, Alexis Bonillo, Antoine Martin, Franck Le Ouay, Guillaume Lestrade, Michael Benabou, Nicolas Steegmann, Oleg Tscheltzoff, Paulin Dementhon, Pierre Valade, Thibaud Elziere |
| Oct 1, 2024 | Daze | $6.0M Seed | — | Boldstart Ventures, Felix Capital, Kearny Jackson, Pareto Holdings, Stripe, Guy Podjarny, Jonathan Widawski, Scott Belsky, Youcef Es-skouri |
| Jul 1, 2024 | VARM | $6.0M Seed | Pale Blue Dot, Emerge | A/O PropTech, Atomico, Female Founders Fund, Foundamental, Roni Hiranand, Northzone, Point Nine Capital, Salesforce Ventures, Seedcamp, Unconventional Ventures, Adam Wiggins, Jonathan Widawski, Nicolas Steegmann, Omid Ashtari, Ralph Gootee, Thibaud Elziere |
| Jun 1, 2024 | Cube AI | $3.0M Seed | VentureFriends | Factorial, Motier Ventures, Alexandre Scialom, Charles Gorintin, Rand Hindi, Thibaud Elziere, Yan-David Erlich, Eric Schmidt, Florian Douetteau, Olivier Pomel, Rodolphe Saad, Xavier Niel, K5 Global |
| Jun 1, 2024 | CuspAI | $30.0M Seed | Hoxton Ventures | 468 Capital, Accel, Andreessen Horowitz, Angel Invest, Basis Set Ventures, Dig Ventures, Foundamental, Lightspeed Venture Partners, LocalGlobe, Mango Capital, Brooke Seawell, Northzone, Glenn Solomon, Seedcamp, Adam Wiggins, Ameet Patel, Arash Ferdowsi, Dhruv Kaul, Greg Brockman, Jonathan Widawski, Mandeep Singh, Nicolas Steegmann, Ralph Gootee, Thibaud Elziere, Dorothy Chou, Mehdi Ghissassi, Data Community Fund, FJ Labs, Giant Ventures, Tiferes Ventures, Touring Capital |
| May 1, 2024 | AniML | $2.0M Seed | Adjacent | Brighteye Ventures, Factorial, Motier Ventures, Speedinvest, Alexandre Scialom, Charles Gorintin, Florian Douetteau, Nicolas Steegmann, Rand Hindi, Thibaud Elziere, Yan-David Erlich, Alban Denoyel, Bertrand Schmitt, François Lagunas, Julien Chaumond, Vincent Nallatamby, Bpifrance, Kima Ventures |
| Apr 24, 2024 | Upflow | $5.0M Series A Extension | Nicholas Wijnberg | Hedosophia, Y Combinator |
| Apr 1, 2024 | Usual | $4.0M Seed | — | Factorial, Jude Gomila Rolling Fund, Motier Ventures, Polygon, Robot Ventures, Tribe Capital, Variant, Alexandre Scialom, Charles Gorintin, Daren Cotter, Florian Douetteau, Russell Cook, Thibaud Elziere, Yan-David Erlich |
| Apr 1, 2024 | RockFi | $3.0M Seed | — | Double Prime LLP, Partech Ventures, Alexandre Dalyac, Didier Valet |
| Mar 1, 2024 | The Mobile-First Company | $4.0M First Company - Seed | Lightspeed Venture Partners, Emblem | 7GC & Co, Autotech Ventures, Bain Capital Ventures, Citi Ventures, Felicis Ventures, Kima Ventures, Motier Ventures, Pareto Holdings, Redpoint Ventures, #SecretFund, Sequoia Capital, Matt Carbonara, Nico Rosberg, Ron Pragides, Roxanne Varza, Steve Anavi, Thibaud Elziere, Jean-Baptiste Hironde, Rodolphe Ardant, Xavier Niel |
| Mar 1, 2024 | Catalog | $3.0M Seed | — | 50 Partners, Elaia Partners, Factorial, Motier Ventures, Singular, The Hit Forge, Alexandre Scialom, Charles Gorintin, Florian Douetteau, Rand Hindi, Thibaud Elziere, Yan-David Erlich |
| Mar 1, 2024 | Pelikan Mobility | $4.0M Seed | — | Accel, Frst, Kima Ventures, PS Investments, YOBE Ventures, Oleg Tscheltzoff, Thibaud Elziere, Pale Blue Dot, Seedcamp |
| Mar 1, 2024 | Xaver | $6.0M Seed | Cavalry Ventures, Michael Hock | 20VC, 468 Capital, HV Capital, Point Nine Capital, Project A, Seven Seven Six, Thirty Five Ventures, Christian Reber, Heiko Rauch, Michael Cassau, Michael Wax, Nicolas Julia, Niklas Jansen, Patrick Andrae, Philipp Kloeckner, Robin Sabban, Thibaud Elziere, Youcef Es-skouri, Elmar Broscheit, Felix Ohswald, Julian Teicke, Mario Götze, Martin Blessing, Matthias Setzer, Raffaele Terrone |
| Feb 1, 2024 | Vertesia | $4.0M Seed | — | Factorial, Motier Ventures, Alexandre Scialom, Charles Gorintin, Florian Douetteau, Rand Hindi, Thibaud Elziere, Yan-David Erlich |
| Jan 1, 2024 | Electra | $330.0M Series B | Dennis Van Alphen | 50 Partners Impact, Daphni, Kima Ventures, Pareto Holdings, #SecretFund, Serena Capital, Alexis Bonillo, Antoine Martin, Franck Le Ouay, Guillaume Lestrade, Michael Benabou, Nicolas Steegmann, Oleg Tscheltzoff, Paulin Dementhon, Pierre Valade, Thibaud Elziere, ADEME Investissement, Allianz, Altarea, Banque des Territoires, Bpifrance, Eiffel Investment Group, Energy Impact Partners, Melissa Cohen, Frst, Groupe Chopard, RATP Capital Innovation, RGreen Invest, RIVE Private Investment, Serena Capital, SNCF |