# Hexa

> Hexa is a VC fund in Paris backing Software, SaaS and Enterprise Software. See 64 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Paris, France
- Total investments: 64
- Last investment: Mar 2026
- Lead investor: 9%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/efounders/
- X (Twitter): https://twitter.com/efounders
- Website: https://www.efounders.com/
- Facebook: https://www.facebook.com/eFounders/

Hexa is a VC fund in Paris focused on Software and SaaS. Hexa is home to startup studios eFounders (SaaS), Logic Founders (fintech) and 3founders (web3).It all started in 2011 with startup studio eFounders, which pioneered a new way of entrepreneurship, became a reference in the B2B SaaS world, and launched over 30 companies including 3 unicorns (Front, Aircall, Spendesk).Now, eFounders is part ofHexa, alongside startup studios Logic Founders (fintech) and 3founders (web3) With Hexa, we’re on a mission to democratize a new way for entrepreneurship, one centered around building companies in teams. We do this in two ways, by supporting our existing startup studios, and by creating additional ones.In numbers? We’re an entrepreneurial ecosystem made up of:- +30 companies launched - +2800 jobs created - 3 unicorns (Spendesk, Aircall, Front) - +$5 billion combined companies valuation

## Contacts

5 contacts available for Hexa. Shizune tracks 7 team members at Hexa. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/efounders?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $197k–$4.4M |
| Series A | $3.3M–$20M |
| Series B | $1.1M–$69M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 15 | 23% |
| SaaS | 14 | 22% |
| Enterprise Software | 5 | 8% |
| Artificial Intelligence | 5 | 8% |
| FinTech | 4 | 6% |

75 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 23 | 36% |
| Series A | 12 | 19% |
| Series B | 6 | 9% |
| Pre-Seed | 5 | 8% |
| Funding Round | 5 | 8% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| France | 24 | 38% |
| United States | 4 | 6% |
| Canada | 1 | 2% |
| Belgium | 1 | 2% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Didier Forest | Design | 1 | https://shizune.co/investors/profile/didier-forest |
| Thibaud Elziere | Founder | 114 | https://shizune.co/investors/profile/thibaud-elziere |
| Amaury Sepulchre | Partner | 9 | https://shizune.co/investors/profile/amaury-sepulchre |
| Oleg Tscheltzoff | Investor | 35 | https://shizune.co/investors/profile/oleg-tscheltzoff |
| Quentin Nickmans | Founder & Managing Director | 34 | https://shizune.co/investors/profile/quentin-nickmans |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Parallel 1245 | Parallel helps coding agent works side by side with hospital teams to deliver faster and more accurate medical coding. | $20M | Series A | Mar 19, 2026 |  |
| Radiant | Radiant is a French deep-tech start-up that is unlocking a new frontier in Concentrated Solar Power (CSP). Our breakthrough technology uses a volumetric solar receiver combined with air as the heat transfer fluid, offering a unique solution that redefines how solar energy can be captured and utilized.This innovation enables high-temperature,high-efficiency solar heat and power generation with exceptional simplicity, flexibility, and scalability. It addresses critical needs for industrial decarbonization on Earth and opens new opportunities for energy systems in space. | $2.4M | Seed | Jan 27, 2026 |  |
| Annette | Annette offers weight management services, including GLP-1 treatments to support appetite reduction and weight loss. | $2.3M | Seed | Dec 04, 2025 |  |
| Basalt | Basalt is an end-to-end AI reliability platform designed to help teams build, test, deploy, and monitor AI agents. | $5M | Venture - Series Unknown | Dec 02, 2025 |  |
| Dialog | Dialog is a startup transforming e-commerce with a brand agent that can represent a company, guide customers, and interact with AI agents. | $4.3M | Seed | Nov 14, 2025 |  |
| Swan | Swan is a European fintech and innovation leader in embedded finance. Swan’s Banking-as-a-Service (BaaS) is the easiest way for companies to embed banking features. Via Swan’s simple APIs, European companies can integrate banking services (accounts, cards, and payments) quickly and easily into their own product.Founded in 2019, the fintechprocesses over 200 million euros of transactions per month, for 60+ companies across ten European countries. Swan has over 100 employees and is led by fintech experts and experienced entrepreneurs: Nicolas Benady, Nicolas Saison and Mathieu Breton. The company was founded together with the startup studio eFounders and has received growth capital from leading VC investors such as Creandum and Accel. Swan is a Mastercard principal member and a licensed financial institution, regulated by the ACPR. | $43.8M | Series B | Jan 29, 2025 |  |
| Dotfile | Dotfile product allows businesses to build onboarding workflows for their customers or suppliers in a few minutes and without coding. Their solution covers all onboarding needs: document checks, identity verification, AML screenings, contract signature, and CRM integration. The company was founded in 2021 and is headquartered in Paris, France. | $6.7M | Series A | Sep 25, 2024 |  |
| Upflow | Upflow is a software company building a payment platform for B2B businesses. The platform help companies manage their unpaid invoices and improve their cash collection by using the company's SaaS-based payment platform. In 2018, Alexandre Louisy, Barnaby Malet, and Thibaud Elziere established the company in Paris, Ile-de-France. | $5M |  | Apr 23, 2024 |  |
| Upflow | Upflow is a software company building a payment platform for B2B businesses. The platform help companies manage their unpaid invoices and improve their cash collection by using the company's SaaS-based payment platform. In 2018, Alexandre Louisy, Barnaby Malet, and Thibaud Elziere established the company in Paris, Ile-de-France. | $5M | Series A | Apr 22, 2024 |  |
| Catalog | Catalog is the first plug-and-play tool exclusively designed to digitise small-to-medium B2B merchants ordering process. With Catalog, B2B SMBs are equipped with the tool they need to reclaim their time, engage with buyers in meaningful ways and boost growth. | $3.2M | Pre-Seed | Mar 04, 2024 |  |

10 of 64 investments shown.

## Co-investors
- [Kima Ventures](https://shizune.co/investors/profile/kima-ventures) — VC Fund, 9 deals together
- [Y Combinator](https://shizune.co/investors/profile/y-combinator) — VC Fund, 8 deals together
- [Alven](https://shizune.co/investors/profile/alven-capital) — VC Fund, 6 deals together
- [AA Sons](https://shizune.co/investors/profile/aa-sons) — VC Fund, 5 deals together
- [Index Ventures](https://shizune.co/investors/profile/index-ventures) — VC Fund, 5 deals together
- [Lorimer Ventures](https://shizune.co/investors/profile/lorimer-ventures) — VC Fund, 5 deals together

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## FAQ

### What does Hexa invest in?

Hexa invests primarily in Software, SaaS and Enterprise Software startups, most often at Seed and Series A stage. Most of the 64 investments tracked by Shizune back companies in France. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Hexa's check size?

Hexa typically joins rounds of $197k–$4.4M at Seed, $3.3M–$20M at Series A and $1.1M–$69M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Hexa participates in.

### How do I contact Hexa?

Public channels for Hexa include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Hexa?

The team at Hexa includes Didier Forest (Design), Thibaud Elziere (Founder) and Amaury Sepulchre (Partner), among 7 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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