News Summary

Paris-based startup studio Hexa has acquired a majority stake in Veevart, a vertical software-as-a-service (SaaS) company for museums. Veevart provides solutions for ticketing, fundraising, CRM, and collection management and has been profitable since its founding in 2014. With a team of 70 people, Veevart serves 160 museums and cultural institutions worldwide. The acquisition, valued at €5 million ($5.4 million), aims to leverage Hexa’s expertise to accelerate Veevart’s growth and achieve $20 million in annual recurring revenue. Hexa, known for its success with companies like Front and Aircall, plans to act as a hands-on private equity partner, focusing on product, go-to-market strategies, and leadership to elevate Veevart’s market position.