About Hexa
Hexa, an accelerator and incubator program founded in 2011, is based in Brussels, Belgium. With a presence in 5 countries, it has supported around 37 startups in sectors like Enterprise Applications, FinTech. As of Apr 2026, Hexa has 3 unicorns under its belt and has witnessed 10 portfolio exits. Most notable companies in
its portfolio include Aircall, Spendesk and Front. The program is backed by a team of 32 people who primarily support Seed startups based in France. Its latest investment was a $20M Series A round in Parallel on Mar 19, 2026, which also saw participation from Index Ventures and Frst Capital.
Key Metrics
Hexa's List of Top Investments
Hexa has a portfolio of 37 companies, including 3 unicorns. Their most notable investments are in PartnerStack and Foxintelligence.Their portfolio spans across France, United States, Belgium and 2 more locations. They have invested in Enterprise Applications, FinTech, High Tech and 8 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Hexa:
1. Aircall
Provider of cloud-based platform for business communication and customer engagement. The platform delivers integrated voice, SMS, WhatsApp, and social media channels. It offers features such as intelligent voice agents, automated workflows, and real-time coaching. The platform helps teams work smarter and perform at scale.
Key facts about Aircall
- Founded Year: 2014
- Location: New York (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $226M
- Employee Count: 809 as on Feb 28, 2026
- Investors: Adams Street Partners, Bayrock and 34 Others
- Latest Funding Round: Series D, Feb 23, 2022, $*****
- Highlight: Editors' Pick

2. Spendesk
Provider of spend management platform automating expense claims and invoice processing. The platform offers features such as corporate cards, accounts payable automation, and procure-to-pay solutions. It provides tools for budget planning, virtual cards for secure online payments, and expense claim management. The platform also offers API and integration capabilities to link with existing accounting and business tools.
Key facts about Spendesk
- Founded Year: 2016
- Location: Paris (France)
- Annual Revenue: €8.21M as on Dec 31, 2020
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $304M
- Employee Count: 323 as on Feb 28, 2026
- Investors: FCVC, General Atlantic and 22 Others
- Latest Funding Round: Series C, Jan 18, 2022, $*****
- Highlight: Editors' Pick

3. Front
Provider of a customer service platform with AI-powered support tools. The platform offers features such as shared inboxes, ticketing, and client communication management. It provides omnichannel support, integrating email, SMS, and live chat. The platform includes AI-driven capabilities for automation, agent assistance, and service quality analysis.
Key facts about Front
- Founded Year: 2013
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $204M
- Employee Count: 535 as on Feb 28, 2026
- Investors: DFJ Growth, Wavelaunch and 40 Others
- Latest Funding Round: Series D, Jun 28, 2022, $*****
- Highlight: Editors' Pick
4. PartnerStack
Platform offering affiliate based marketing solutions. The platform allows brands to scale partners, resellers and marketing campaigns and performances and manage the partnership with various brands and channels. It allows members to track partner links, leads, and deals, create partner groups with unique reward structures and content and automate partner payouts.
Key facts about PartnerStack
- Founded Year: 2015
- Location: Toronto (Canada)
- Stage: Series B
- Total Funding till date: $38.2M
- Employee Count: 240 as on Dec 31, 2024
- Investors: RRE Ventures, MaRS Discovery District and 10 Others
- Latest Funding Round: Series B, May 26, 2021, $*****
- Highlight: Editors' Pick

5. Roundtable
Online investment platform for private market. It aspires to give more individuals the ability to invest as a group and build money together. Users can build or join communities on the platform to co-invest in high-end start-ups and funds. In order to secure a clean cap table for future rounds and to attract operating angels who contribute value, users can also design investment vehicles.
Key facts about Roundtable
- Founded Year: 2021
- Location: Paris (France)
- Stage: Series A
- Total Funding till date: $3.2M
- Employee Count: 74 as on Feb 28, 2026
- Investors: Kima Ventures, Courtin Investment and 7 Others
- Latest Funding Round: Series A, Mar 20, 2023, $*****
- Highlight: Editors' Pick
Hexa's Year-on-Year Investment Trends
Hexa has invested in 37 companies over the last 15 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 3 investments, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in Parallel and most recent follow-on round was in Upflow.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 3 | 0 | 3 |
2024 | 0 | 1 | 1 |
2023 | 2 | 0 | 2 |
2022 | 1 | 1 | 2 |
2021 | 2 | 2 | 4 |
2020 | 0 | 2 | 2 |
2019 | 2 | 1 | 3 |
2018 | 4 | 0 | 4 |
2017 | 2 | 0 | 2 |
Hexa's Investments by Stage
Hexa has made 13 investments in Seed stage with an average round size of $3.26M, 7 investments in Series A stage with an average round size of $12.4M and 2 investments in Series B stage with an average round size of $36.4M.Stage of entry | No. of Investments |
|---|---|
Seed | 13 |
Series A | 7 |
Series B | 2 |
Note: We have considered here, only first round of investments
Hexa's Investments by Sector
Hexa has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Vertical SaaS, High Tech and Blockchain - Industry Applications. Notably, it has invested in 34 Tech companies, 32 Enterprise (B2B) companies, 27 Software companies and at least 23 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 21 |
FinTech | 6 |
Vertical SaaS | 4 |
High Tech | 3 |
Blockchain - Industry Applications | 2 |
Others | 9 |
Note: We have considered here, only first round of investments
Hexa's Investments by Geography
Hexa has made most investments in France (15), followed by United States where it has made 6 investments.Country | No. of Investments |
|---|---|
France | 15 |
United States | 6 |
Belgium | 1 |
Canada | 1 |
Note: We have considered here, only first round of investments
Hexa's recent investments
Hexa has made 1 investments in 2026 so far - Parallel.Here are the most recent investments by Hexa:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 19, 2026 | France | Series A | 6498 | [+4] | |
Dec 02, 2025 | United States | Series A | 2559 | [+2] | |
Nov 12, 2025 | France | Series A | 2207 | - | |
Jan 30, 2025 | France | Series B | 1169 | [+4] | |
Apr 24, 2024 | France | Series A | 8389 | [+2] |
Unicorns in Hexa's Portfolio
Hexa has 3 unicorns in its portfolio - Front, Spendesk and Aircall. The most recent unicorn in their portfolio is Front. It became a unicorn in 2022, 7 years after Hexa first invested in it.Here is a list of unicorns in Hexa's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Provider of a customer service platform with AI-powered support tools | 2013 | San Francisco | Series D | mdwwpuh | ||
74 | Provider of spend management platform automating expense claims and invoice processing | 2016 | Paris | Series C | assbvwv | ||
77 | Provider of cloud-based platform for business communication and customer engagement | 2014 | New York | Series D | y{eyzln |
Acquired companies in Hexa's Portfolio
10 companies from Hexa's portfolio have been acquired. The most recent acquisition were Cohort in Sep 2025 by Brevo.Here are Hexa's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 17, 2025 | Feb 01, 2023 | Seed | 3396 | |
Sep 04, 2025 | Feb 27, 2023 | Seed | 2830 | |
Apr 18, 2024 | Feb 17, 2022 | Seed | 1439 | |
Jan 20, 2022 | - | - | 2761 | |
Dec 07, 2021 | Jul 04, 2017 | Series A | 1968 |
Team profile of Hexa
Hexa has a team of 32 members including 8 Partners, 4 Venture Partners and 4 Principals located in France, Belgium and 2 more locations. Hexa's team does not sit on the board of any company as of now.Here is a list of top team members in Hexa:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | Paris | - | ||
Partner | France | - | ||
Partner | Paris | - | ||
Partner | Paris | - | ||
Partner | Belgium | - | - | |
Venture Partner | France | - | - | |
Venture Partner | France | - | ||
Venture Partner | France | - | - |
Co-investors of Hexa
Over the past 15 years, 175 investors have co-invested in Hexa's portfolio companies. This includes funds and angels.
- Invested before Hexa: Y Combinator, Kima Ventures and 39 others have invested in rounds before Hexa. There are 5 companies where Y Combinator has invested before Hexa and 3 companies where Kima Ventures has invested before Hexa.
- Top Co-investors of Hexa: 75 investors entered a company along with Hexa. These include investors like Kima Ventures (4 companies).
- Invested after Hexa: A total of 59 investors have invested in Hexa's portfolio after their investments. Top Investors include Kima Ventures (3 companies) and Laurent Asscher (2 companies).
Recent News related to Hexa
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Hospital administrative AI agent ‘Parallel’ attracts $20 million Series A investmentWowtale•Mar 20, 2026•Parallel, Hexa, Frst Capital, Y Combinator and 1 other
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Depot Raises $10M in Series A FundingFinSMEs•Mar 11, 2026•Depot, Pioneer Fund, Y Combinator, Felicis Ventures and 4 others
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BASALT raises €4.25 million for its collaborative AI engineering platformFrenchWeb•Dec 02, 2025•Basalt, AlphaStar Academy, Hexa, Kima Ventures and 1 other
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France’s Filiz Secures €6M to Revolutionize European Private EducationStartup Rise EU•Nov 12, 2025•Hexa, Filiz
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Atlassian Acquires Cycle to Enhance Jira Product DiscoveryTechnologymagazine•Sep 03, 2025•Cycle, Atlassian, Hexa, Site Cycle
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Hexa Scale Chooses Veevart for its First Financing and Support OperationAGEFI•Mar 24, 2025•Hexa, Veevart
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French startup studio Hexa secures €29M financingSilicon Canals•Mar 19, 2025•Hexa, Belfius, , CIC and 6 others
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FBFK Law and HEXA Innovation Partner to Empower EntrepreneursPR Newswire•Mar 12, 2025•FBFK, Hexa, Deezer
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Hexa Scale: The Third Way for Profitable Startups, Between VC and Private EquityFrenchWeb•Mar 11, 2025•Hexa
