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

Hexa Trying something new. Instead of encouraging startups from Ground Up and encouraging them in the first year or for it, is gaining a majority part in the Paris-based startup studio WaterA vertical software for museums—-Council-service agencies that provide solutions for tickets, funds, CRMs and collections.

Hexa is a familiar name of French Tech Ecosystem. Startup Studios originally started his life as an Efounder in the 21st and regularly brought ideas for new technology companies. It tries to look for the right founding team and helps to design their products, strategies to market, recruitment and funds.

After this first episode, companies turn into appropriate, distinct startups, but the Hexa cap keeps a significant portion on the table. Some successful hexa portfolio companies are in In front, Airplane, Expenditure And GooseThe

But Vivert is not a new startup. It was founded in 2014 and now worked with 160 museums and cultural organizations of all sizes in the world. Vibhart, including a team of 70 people, is already profitable.

The product is designed as an all -powerful platform for museums built at the top of the salesforce. Museums that can create and manage events using Viverts, sell tickets online and onite, manage membership, automatically automatically and integrate with the museum shop.

Many museums use multiple tools for all these jobs. Having a platform makes it easier to manage and maintain over time.

The reason why Vavert depends a lot on the sales center, Antonio Velasco, in the beginning of his career, worked with Accentor and Celsius.

“I wouldn’t say that I chose to build the top of the salesforce. People often assume that these decisions are deliberate, but in fact, fate plays a big role. We didn’t choose the Salesforce – it was just the technology that I knew best, “Velasco told Echeveri TechCrunch.

Despite the limitations of some platforms, he added that the building at the top of the salesforce has some benefits such as security, scalability and access to the entire salesforce ecosystem.

Velusco Ichary says Vivert has bootted himself for the past decade and was profitable for some time – “incredibly profitable, but profitable,” Velasco Ichary says.

“So when we started conversing with Hexa, we didn’t look too much for money, but for a partner that could help our revenue goals to get faster and less pain,” he added.

With this investment, Hexa works as a hand-on private equity partner. Startup Studios is investing $ 5 million ($ 5.4 million at current exchange rate) to become Vivert’s main shareholder.

“Our purpose is that Hexa can help us achieve $ 20 million [annual recurring revenue]Apply the best practices around the product, [go-to-market]Sales, and leadership, “Velasco Ikovari says.

Private equity companies are usually not involved in such small deals, while VC companies usually look for high-growing organizations. Hexa, however, believes that it can improve the vision at the next level by providing operational skills to accelerate the company’s growth.