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eFounders
Company typePrivate
IndustryStartup studio
Founded2011 in France and Belgium
Founder
  • Thibaud Elziere
  • Quentin Nickmans
Headquarters
Belgium Edit this on Wikidata
Websiteefounders.com

eFounders is a startup studio that designs, builds, and launches startups.[1] It was founded in France and Belgium[2] in 2011 by Thibaud Elziere and Quentin Nickmans.[3][4][5] All startup ideas originate with the team, who then present to entrepreneurs and invite them to join eFounders in launching the startup.[1]

History

eFounders was founded in 2011 by Thibaud Elziere, founder of Fotolia,[6] and Quentin Nickmans.[7] In 2015, the startup studio raised 6 million euros.[7][6] A second round of fundraising followed in 2016, with 5 million euros raised from investors.[7][8] eFounders had created 9 startups by the end of 2016, and had plans to launch another 8 with the funding.[7]

In 2018, six of eFounders' startups had raised 100 million euros:[9] Spendesk, Aircall, Forest, Front, Slite, and Station;[1][3][4] other startups had joined the Y Combinator program.[10] In April 2018, the startup TextMaster became eFounders' first release when it sold to Technicis.[2][4][11] eFounders later sold Hivy to Managed by Q and Mention to NewsDesk.[12][2]

In 2019, eFounders' startups had post-money valuation of $541 million and generated a combined $67 million in annual recurring revenue.[13] By July 2020, eFounders had launched 25 companies.[14][15] Those startups raised $148 million in 2020 and had a total valuation of $1.5 billion.[1][14] They generated around $10 million in monthly recurring revenue, or double that of 2019.[14]

In 2020, eFounders announced that they would no longer focus solely on Software as a Service (SaaS) startups.[15]

Method

Founders Elziere and Nickmans identify a market opportunity and then recruit “co-founders,” a CEO and a CTO, to help promote and grow the project.[12] At this point, eFounders owns 100% of the business.[4] The startup works with eFounders to hire 10-15 additional team members and build the first version of the product.[16] The team looks for outside investors and the startup is launched to stand on its own after 18 months.[12][3] eFounders retains a portion of the business.[4]

Initially, eFounders specialized in Software as a Service (SaaS) products,[1] but during 2020, co-founder Elziere shared that the company would expand its projects.[15] The company invests an average of 600,000 euros per project,[2] and has fundraised more than 130 million euros for its startups.[1][3]

Startups

eFounders has launched the following companies:

  • Aircall: business phone system[1][17]
  • Bonjour: commercial management platform[1][17]
  • Briq: employee engagement platform[1][17]
  • Canyon: document management for legal teams[18]
  • Collective: product for freelancers[18]
  • Crew: workflows and management for new hires and job applications[18]
  • Cycle: SaaS for product teams[3]
  • Equify: equity management platform[3]
  • Folk: contact management platform[3][17]
  • Forest: universal back-office for developers[3][17]
  • Foxintelligence: market intelligence platform[3][17]
  • Front: collaborative platform for corporate email management[3][17]
  • Hivy: office management platform[3][17]
  • Illustrio: customizable image bank[3][17]
  • Kairn: task-management platform[19][18]
  • Mailjet: marketing and transactional email platform[3][17]
  • Mention: social media monitoring tool[3][17]
  • Multis: B2B crypto-bank[3]
  • Once: story creation platform for business communication[3]
  • Slite: note taking application for companies[3][17]
  • Spendesk: SaaS enterprise expense management[3][17]
  • Station: browser for professional use[3][17]
  • Swan: Banking-as-a-Service platform[3]
  • TextMaster: online translation service[3][17]
  • Upflow: management platform for unpaid invoices[3][17]
  • Yousign: electronic signature management[3]
  • Zenvest: club deal management platform[3]

References

  1. ^ a b c d e f g h i Augusto, Hadrien (2020-07-02). "Le " Startup studio " eFounders s'envole au premier semestre". Presse-citron (in French). Retrieved 2020-11-16.
  2. ^ a b c d "Dans les coulisses d'eFounders, la fabrique à pépites". Maddyness - Le Magazine sur l’actualité des Startups Françaises (in French). 2019-07-23. Retrieved 2020-11-16.
  3. ^ a b c d e f g h i j k l m n o p q r s t u v w x "8 ans après sa création, quel bilan pour eFounders ?". FrenchWeb.fr (in French). 2019-10-09. Retrieved 2020-11-16.
  4. ^ a b c d e Chabal, Audrey (2018-07-16). "EFounders : " La Boîte Qui Crée Des Boîtes " Construit Sa Galaxie". Forbes France (in French). Retrieved 2020-11-16.
  5. ^ "eFounders' portfolio exceeds $100 million ARR, with over $1 billion valuation". Tech.eu. Retrieved 2020-12-15.
  6. ^ a b Guerrier, Philippe (2015-06-23). "La "startup studio" eFounders lève six millions auprès Oleg Tscheltzoff (Fotolia)". ITespresso.fr (in French). Retrieved 2020-11-16.
  7. ^ a b c d "eFounders lève 5 millions d'euros pour créer 8 nouveaux champions des logiciels BtoB". Maddyness - Le Magazine sur l’actualité des Startups Françaises (in French). 2016-12-06. Retrieved 2020-11-16.
  8. ^ "Startup studio eFounders raises $5.3 million because it can't get enough of SaaS". TechCrunch. Retrieved 2020-11-16.
  9. ^ "Les entreprises d'Efounders ont levé 100 millions d'euros depuis janvier". Le Soir Plus (in French). 2018-05-31. Retrieved 2020-12-15.
  10. ^ Boogar, Liam (2018-09-04). "The hottest startups in Paris in 2018". Wired UK. Retrieved 2020-11-17.{{cite news}}: CS1 maint: url-status (link)
  11. ^ Bregeras, Guillaume (2018-05-30). "Efounders franchit les 100 millions d'euros levés en 2018". Les Echos Executives (in French). Retrieved 2020-12-15.
  12. ^ a b c Charlot, C. (2019-10-08). "Où va eFounders, le start-up studio belge devenu "milliardaire"?". Site-Trends-FR. Retrieved 2020-11-16.
  13. ^ "Meet eFounders' next batch of startups that want to redefine the future of work". TechCrunch. Retrieved 2020-11-16.
  14. ^ a b c "Portfolio companies of startup studio eFounders have raised $148M this year". TechCrunch. Retrieved 2020-11-16.
  15. ^ a b c Bregeras, Guillaume (2020-07-01). "Start-up studio : EFounders dopé par l'accélération de la digitalisation du travail". Les Echos Executives (in French). Retrieved 2020-12-15.
  16. ^ "eFounders' portfolio exceeds $100 million ARR, with over $1 billion valuation". Tech.eu. Retrieved 2021-01-21.
  17. ^ a b c d e f g h i j k l m n o p "Startup studio eFounders is gaining some serious traction". TechCrunch. Retrieved 2020-11-16.
  18. ^ a b c d "eFounders unveils its next batch of enterprise SaaS startups". TechCrunch. Retrieved 2020-11-16.
  19. ^ "Kairn is a new task manager focused on speed". TechCrunch. Retrieved 2020-11-16.
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