Startup Studio Hexa gets a majority share in Vevart, the SAAS Circuit for Museums

Hexic He tries something new. Instead of strengthening the startups from A to Z and embracing them for the first year or so, the Paris Start -up Studio is gaining the majority share in waterIt is a vertical software company as a service for museums that provide ticket solutions, donation and CRM and Collection management.

Hexa is a familiar name in the French technology ecosystem. Startup Studio originally started his life in 2011 where Efounders comes and comes regularly with ideas for new technology companies. He tries to find the appropriate foundation team and helps them design the product, go to the market, employment, and collect donations.

After this first stage, companies become an appropriate independent startup, but Hexa maintains a large share on the CAP table. Some of the Sixie Sixie Portfolio companies beforeand Aircalland Spend and Swan.

But Veevart is not a new startup. Founded in 2014 and is now working with 160 museums and cultural institutions of all sizes around the world. With her 70 -people team, Veeevart is already profitable.

The product is designed as a one -in -one platform for museums, which were built at the Slesforce head. Museums that use Vevart can create and manage events, sell tickets online, sites on the site, membership management and automation of the donors and integrate with the museum store.

Many museums use multiple tools for all of these tasks. Having a single platform makes it easy to manage and maintain over time.

The reason that Vevart relies heavily on Salesforce returns to the founder of Vevart Antonio Velasco Echeverry – earlier in his career, working with Acceneture and Salesforce.

“I will not say that I” chose “construction at the head of Salesforce. People often assume that these decisions are intended, but frankly, luck plays a big role. We did not choose Slesforce – it is simply the technology that I knew better.”

Although some platform restrictions added that construction at the head of Salesforce has some advantages such as security, expansion and access to the entire Salsforce ecosystem.

Velasco Eshviri said that Veevart has paved itself over the past decade and was profitable for a period of time – “not incredibly profitable, but profitable.”

“So when we started conversations with Hexa, we were not looking for money, but more for a partner could help us reach the goals of our revenues faster and with less pain,” he added.

With this investment, Hexa works as a kind of private stock partner. The startup studio invests 5 million euros ($ 5.4 million at current exchange rates) to become the main contributor to Vevart.

“Our goal is that Hexa can help us achieve $ 20 million (repeated annual revenues), implementing best practices about the product, (moving to the market), sales, and driving.”

Private stock companies usually do not participate in small deals like this, while VC companies are usually looking for companies that have high -growth capabilities. But Hexa believes that it can raise Vevart to the next level by providing operational experience to accelerate the company’s growth.