The Venture Codex Logo

The Venture Codex

eFounders

Drève des Libellules 5, Brussels, Brussels Hoofdstedelijk Gewest, 1170, Belgium

Overview

Founded in 2011, eFounders is a startup studio part of the Hexa ecosystem. Specialized in B2B SaaS and Future of Work, eFounders has launched over 30 companies, including successes like Front, Aircall and Spendesk, who have created more than 2800 jobs across the globe. eFounders was founded by Thibaud Elziere and Quentin Nickmans and is now led by Matthieu Vaxelaire.

Total investments
22
Lead investments
3
Investments · 12mo
4
Active investors
5

Sector focus

  • Software
Visit website

Investment portfolio

  • Parallel

    Participated · Series A · Mar 2026

    Parallel develops AI agents that operate on top of existing hospital software to automate administrative tasks, learning to use systems similarly to a human and enabling deployment in weeks. The company’s initial focus is medical coding to improve accuracy and revenue capture, with plans to expand into billing and admissions. Parallel’s platform avoids deep integrations by functioning as an AI layer over legacy systems. Its technology is already deployed across multiple public and private hospitals. Parallel is Paris-based and has raised a $3.5 million seed round followed by a $20 million Series A. The company plans to use the new funding to expand its coding solutions, grow internationally, develop additional agents, and hire more staff.

  • BASALT

    Participated · Equity · Dec 2025

    BASALT has built a SaaS platform that structures the engineering of AI agents around a continuous loop of experimentation, evaluation and production monitoring. The software lets technical teams test prompt variants, compare models, analyse edge-cases and document results while giving business experts a workspace to define quality criteria and validate scenarios. By centralising this workflow, the tool helps companies avoid regressions, improve agent reliability and surface production issues that only appear in real-world contexts. A second pillar of the product is fine-grained monitoring, which detects problematic responses in production and automatically feeds them back into new test scenarios. Founded by Guillaume Marquis and François de Fitte, the company is headquartered in San Francisco with its technical team in Paris. The newly secured capital will be used to accelerate product development and support hiring in both France and the United States. No revenue or user figures were disclosed in the articles.

  • Dialog

    Participated · Seed · Nov 2025

    Founded in 2022, Paris-based Dialog develops a generative-AI brand agent that answers shopper questions, recommends products, and can even converse with external AI agents like ChatGPT, Perplexity, or Gemini. The agent integrates with major e-commerce CMS platforms and is already deployed by more than 300 online retailers, including OhMyCream, Delsey Paris, and MG Motor. According to the company, it has powered over 1 million conversations, triggered 300 000 add-to-cart events, and sees 20 % of site visitors engage with the agent. Shoppers who interact experience a three-times higher conversion rate and a 25 % lift in average order value, while maintaining a 95 % conversational satisfaction score. Unlike legacy chatbots, Dialog embeds across product pages, homepages, and search bars to create a seamless journey. The company envisions AI-to-AI commerce in which its agents drive traffic by speaking directly with other agents. Proceeds from the latest round will fund product enhancements and accelerate commercial expansion across Europe.

  • Filiz

    Led · Equity · Nov 2025

    Founded in 2021 and based in Olonne-sur-Mer, Filiz provides an all-in-one software platform that enables private schools and apprenticeship centres to manage billing, compliance, attendance, and academic planning. More than 500 campuses in France, including Datascientest (Omnes Education), 42, CFA Numia, and Albert School, already use the product. The company has tripled revenue year-over-year to reach €2 million in annual recurring revenue while remaining bootstrapped and profitable until the latest raise. Filiz now plans to evolve its product into a fully integrated operations system that connects every part of a school’s activity and introduces AI-powered tools for planning, automation, and real-time insights. Backed by a new strategic partner, the startup aims to scale across Europe and grow revenue ten-fold within five years. Upcoming priorities include bolstering the leadership team, deepening product capabilities for larger multi-campus networks, and executing a focused go-to-market strategy.

  • Veevart

    Led · Equity · Mar 2025

    Veevart provides an all‑in‑one SaaS platform for museums built on top of Salesforce, enabling event creation and management, online and onsite ticket sales, membership management, donor communications and shop integration. The product targets the consolidation of multiple museum tools into a single platform to simplify long‑term maintenance. Founded in 2014, Veevart works with 160 museums and cultural institutions worldwide and employs a team of about 70 people. The company has been bootstrapped for roughly a decade and is currently profitable—"not incredibly profitable, but profitable," according to its founder. Veevart’s Salesforce foundation reflects the founder’s prior experience with Accenture and Salesforce and provides benefits such as security, scalability and access to the Salesforce ecosystem. With Hexa taking a majority stake, Veevart plans to accelerate growth and scale revenue with operational support.

Team