Startup studio Hexa acquires majority stake in Veevart, a vertical SaaS platform for museums

Hexa is trying something new. Instead of fostering startups from the ground up and incubating them for the first year or so, the Paris-based startup studio is acquiring a majority stake in Veevart, a vertical software-as-a-service company for museums that provides solutions for ticketing, fundraising, CRM and collection management. Hexa is a familiar name in the French tech ecosystem. The startup studio originally started its life in 2011 as eFounders and regularly comes up with ideas for new tech companies. It tries to find the right founding team and helps them with product design, go-to-market strategy, hiring, and fundraising. After this first phase, the companies become proper, independent startups, but Hexa keeps a significant stake on the cap table. Some successful Hexa portfolio companies include Front, Aircall, Spendesk and Swan. But Veevart isn’t a new startup. It was founded in 2014 and now works with 160 museums and cultural institutions of all sizes around the world. Wi ... Read full article.