Hexa, a Paris-based startup studio, has secured a €29 million financing agreement with four major European banks: Belfius, Caisse d’Epargne Hauts de France, BNP Paribas Fortis, and CIC. This funding structured as a revolving credit facility, will ensure liquidity to assist in the company’s expansion.
The money raised will be utilized to seek new opportunities, expand the team, develop companies, and maintain long-term progress. This financing arrangement comes after Hexa’s 2024 €35 million equity investment round.
2025 plans
Hexa’s goal is to launch 30 startups annually by 2030, and it plans to establish 13 firms in 2025, three more than in 2024. It was revealed in January that two of these businesses will be launched through Hexa Scale, a program designed to assist new businesses in becoming industry leaders. To support this, Hexa intends to collaborate with 22 founders including four women.
In addition, the business plans to add two new partners, at least one of whom will be female and ten additional members to its core team in the areas of product, design, and GTM. Hexa also wants to hire 40 people for its companies, with an emphasis on sales, engineering, and technology.
These programs are intended to help Hexa’s growing business and increase its influence in important areas like fintech and climate.
Hexa’s milestones for 2024
Since its founding in 2011, Hexa has established 50 firms, including 10 new ones in 2024. Ten portfolio firms, including Point9, LocalGlobe, Eight Roads, and BPI, were able to raise €70 million from investors. Hexa also witnessed a departure when Numeral and Mambu combined.
The company also launched Hexa Scale. Its first majority investment of €5 million in Veevart, a US-based SaaS platform for museums, was made as part of this strategy.
