EFounders has three unicorns and a centaur TechRadar

EFounders has three unicorns and a centaur TechRadar

Since its inception 11 years ago, eFounders has launched 34 companies, three of which have become unicorns (Aircall, Spendesk and most recently Front). One of these, Aircall, has even become a centaur, a company that has reached $100 million in annual recurring revenue.

And three. Brussels-based start-up studio eFounders now includes three unicorns (a company valued at over $1 billion) in its portfolio. After Aircall and Spendesk, Front recently joined the ranks of the unicorns by completing a Series D round at a valuation of $1.7 billion. “This is an exceptional figure when compared to the extremely low probability of creating this kind of company”, specifies Thibaud Elzière, co-founder of eFounders. “EFounders increase an entrepreneur’s probability of creating a unicorn by 10,000.”

And three. Brussels-based start-up studio eFounders now includes three unicorns (a company valued at over $1 billion) in its portfolio. After Aircall and Spendesk, Front recently joined the ranks of the unicorns by completing a Series D round at a valuation of $1.7 billion. “This is an exceptional figure when compared to the extremely low probability of creating this kind of company”, specifies Thibaud Elzière, co-founder of eFounders. “EFounders increase an entrepreneur’s probability of creating a unicorn by 10,000.” Read also | The start-up studio eFounders tackles new themesThe American company Front, which was one of the very first start-ups to emerge from the eFounders studio in 2014, was founded by Mathilde Collin and Laurent Perrin. At the time, the goal was to create a collaborative email box for sales and support teams. Today, Front has grown into a global company with nearly 8,000 customers in over 100 countries. What do these unicorns have in common? “They were born more or less at the same time and benefited from the expertise of eFounders, but they are completely different in their culture,” adds Thibaud Elzière. The magic recipe for this “unicorn factory” has been the same for 11 years. Quentin Nickmans and Thibaud Elzière identify a market niche in software as a service (SaaS) Bto B and then partner with entrepreneurs to develop the project. After a period of work, the start-up takes off or is sold, while eFounders retains a minority stake. The start-up studio also still has a stake of nearly 10% in Front. After unicorns, the start-up world has developed a new magical animal. Centaur is a start-up with annual recurring revenue of over $100 million. “In today’s environment, becoming a centaur is a much more relevant metric of success than being a unicorn. It’s also a harder goal to achieve, so we’re delighted the Aircall team has taken this next step. “, emphasizes Quentin Nickmans. Aircall offers a cloud telephony solution for businesses. It now has more than 600 employees in six offices around the world. Of the 19 active startups in eFounders’ portfolio, three have annual recurring revenue between $20 million and $100 million, three between $2 million and $20 million, and 11 below $2 million. Of all the start-ups launched by the studio, only two have ceased their activity: Bonjour, a platform to boost the performance of salespeople, and Station, a web browser for businesses. EFounders therefore has a very low failure rate. Together, all the companies created by eFounders today represent more than 5 billion dollars and employ more than 2,500 people.

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