Total amount raised
A$1.3 Millions
Latest funding date
Location
Title
HEX has successfully raised funding through multiple rounds, with notable investors including Aussie Angels and Wendy Bonnici. The platform focuses on employability and innovation, offering immersive and real-world learning experiences to foster entrepreneurship among youth.
Keep reading to explore the intricacies of HEX's fundraising journey and the investors backing this innovative platform.
What Is HEX?
Founded in 2017, HEX is based in Melbourne, Victoria, Australia. The company was established by Bevis Cheng and Jeanette Cheah. HEX employs between 11 to 50 people.
HEX focuses on launching epic careers and unlocking talent through innovative educational programs. They offer virtual programs, study abroad experiences, and hackathon-style events designed to provide real-world learning experiences.
Their mission is to create a generation of leaders who take action to shape the world they want to live in. HEX's programs help students gain confidence, skills, and networks, along with university accreditation.
How Much Funding Has HEX Raised?
- Seed Round
- Amount Raised: A$1.3M (approximately $1.25M USD)
- Date: February 2022
- Lead Investors: Giant Leap Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the HEX Ed program, grow the global community, and enter new markets such as the US, Malaysia, and India.
HEX has raised a total of $1.25M USD. The current valuation is not publicly disclosed.
Key Investors
- Giant Leap Fund
- Details: Giant Leap Fund is an impact venture capital fund based in Australia. They focus on investing in companies that deliver measurable social and environmental benefits.
- Investment Focus Areas: Health and wellbeing, sustainable living, empowering people.
- Notable Investments: Sendle, Who Gives A Crap, Future Super.
- Alice Anderson Fund (LaunchVic)
- Details: The Alice Anderson Fund is a Victorian Government initiative managed by LaunchVic. It aims to support female founders and women-led startups.
- Investment Focus Areas: Female founders, women-led startups, innovation.
- Notable Investments: Not publicly disclosed.
- Scale Investors
- Details: Scale Investors is an angel investor network that focuses on supporting female entrepreneurs. They provide capital, mentoring, and connections to help startups grow.
- Investment Focus Areas: Female founders, technology, innovation.
- Notable Investments: Not publicly disclosed.
- Draper Startup House Ventures
- Details: Draper Startup House Ventures is part of the Draper Venture Network, which supports entrepreneurs globally. They focus on creating a global entrepreneurial ecosystem.
- Investment Focus Areas: Technology, innovation, global startups.
- Notable Investments: Not publicly disclosed.
- Aussie Angels
- Details: Aussie Angels is an investment syndicate that supports early-stage startups. They provide funding and mentorship to help companies scale.
- Investment Focus Areas: Early-stage startups, innovation, technology.
- Notable Investments: Not publicly disclosed.
What's Next for HEX?
HEX is poised to capitalize on the burgeoning demand for bridging the skills gap between academic learning and job readiness. With the expansion of the HEX Ed program and international growth into key markets like the US, Malaysia, and India, the company aims to build a global community of over 9,000 members. This growth is bolstered by partnerships with companies like Atlassian, enhancing the program's offerings and reach.
As HEX continues its high-growth phase, future fundraising rounds may be on the horizon to support its scaling efforts. However, challenges such as addressing the global tech talent shortage and ensuring the HEX Ed program meets diverse regional needs could test the company's resilience. Competing with other edtech companies and traditional education systems will also be a significant hurdle.
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