# Hexago

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hexago

- Industry: Internet
- Headquarters: Montreal, Canada
- Website: www.hexago.com
- Total disclosed funding: $5.3M
- Latest round: Series A (Apr 24, 2006)
- Investors on record: 3

## About

Hexago is a technology solutions provider specializing in innovative applications that improve operational efficiency across various industries, including healthcare, technology, and retail.Hexago, founded in 1997 and headquartered in Montreal, Canada, focuses on developing solutions to meet specific industry challenges. The company was acquired by gogo6 in June 2009 for an undisclosed amount. Pascal Laik, the founder, has a history of driving technological advancements in previous ventures. Hexago has completed 2 significant deals to date, with the most recent funding round being a Series A in which it raised USD 5.30 mn from investors including BDC Capital, Innovatech Quebec, and Teralys Capital. Overall, Hexago has raised a total of USD 5.30 mn.Hexago's core product offerings include innovative solutions that target industry-specific challenges, enhancing efficiency and user experience. Their flagship products, developed over recent years, cater to a diverse range of businesses from small enterprises to large corporations. These solutions address critical areas such as inventory management, customer relationship management, and workflow automation. Hexago's services are available in key markets across North America, Europe, and the Asia-Pacific region, providing users with tailored applications that facilitate improved operational performance.Hexago's revenue model revolves around subscription services and direct B2B transactions. Clients, predominantly mid-sized companies and large enterprises, engage through annual subscription plans that grant access to advanced functionalities and ongoing support. Additionally, customized agreements ensure that solutions are tailored to fit clients' operational needs. Partnerships with wholesalers further broaden market reach, and pricing structures accommodate various customer tiers, with premium pricing applied to flagship products that offer advanced capabilities.Looking ahead, Hexago aims to introduce new products that are currently in the design phase, targeting a launch to coincide with emerging market demands. The company plans to expand into new geographic regions, specifically targeting markets in Europe and the Asia-Pacific by 2025. The recent funding from the Series A round will be strategically utilized to support these product developments and market expansion efforts, enabling Hexago to enhance its competitive positioning while responding to evolving client needs.

## Funding rounds

- Series A, Apr 24, 2006, $5.3M — BDC Capital, Teralys Capital, Innovatech Quebec

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A
- Teralys Capital (https://capitalatlas.ai/funds/teralys-capital) — Series A
- Innovatech Quebec (https://capitalatlas.ai/funds/innovatech-quebec) — Series A