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Just a twosome of weeks after announcing$22 million in fundraising , Paris - based startup studioHexais expanding beyond its studio model to pardner with later - stage companies that have already found product - market tantrum .
call Hexa Scale , with this program , the startup studio is appear for B2B companies that already generate some pregnant go back revenue ( ideally from € 1 to € 10 million every twelvemonth ) , but that are look some growth issue .
These company may have raised a seminal fluid unit of ammunition and even a Series A round , but they are now growing at a analog pace . That ’s when Hexa plan to abuse in , inject capital and help when it comes to operations , external expansion , merchandise and marketing .
In 2012 , Y Combinator co - founder Paul Graham write an essay called“Startup = maturation . ”In many fashion , that essay has influence the narrative around the ideal growing trajectory for a startup . According to him , instead of growing revenue by a certain amount , inauguration founders should focus on a fair game growth charge per unit and reach that target .
That ’s because you’re able to easily compare a ontogenesis rate quarter over after part , year over year . Another reason why focusing on a growth charge per unit can be helpful is that a ship’s company grows exponentially if it can maintain the same growth pace over sentence .
And VCs love to back startups with an exponential trajectory . A fellowship that grows at a running pace will have a hard time enhance further funding round of golf ( even though there ’s nothing wrong with one-dimensional growing by itself ) . At the same time , that companionship also likely has a big team with expensive operating costs .
or else of letting those companies in that weird dapple , Hexa wants to help them become inauguration with exponential outgrowth again . Augustin Celier will be in charge of this fresh natural action . He antecedently co - found several startups — Uptime , Shuffle , Marc&Aurèle and CoursdePhilo .
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“ I ’ve been building fellowship for the last 15 years . For my last venture , we terminate up in a finance no - gentleman’s gentleman ’s country , which led us to a fire sales agreement . Like many , we were confronted with very narrow living options : to persist on the VC track , you demand continuous hypergrowth , while you want to settle for tedious , linear ontogenesis to go down the self - financing or Private Equity route , ” Celier say in a statement . Hexa Scale represents a third way of life .
While Hexa is well know as the startup studio that spawned some successful B2B SaaS startups like Front , Aircall and Spendesk , this is n’t the first fourth dimension Hexa is looking at tardy - microscope stage ship’s company . It has alreadypartnered with Yousign , which now litigate more than 5 million e - signatures per calendar month for 17,000 customer .
Paris - found inauguration studio Hexa raises some backing to launch even more inauguration
