While last week was undoubtedly the worst week for crypto asset performance in a very long time, it doesn’t seem to be stopping. eFounders. Software-as-a-Service Startup Studio announces the launch of a new sub-studio called 3founders.
As the name suggests, 3founders focuses on “web3” startups, such as blockchain-related projects, NFT-enabled startups, and crypto-friendly businesses. With this decision, the eFounders team is betting that web3 isn’t just a fad or buzzword. This isn’t the first time eFounders has created a separate sub-studio. Last year, eFounders also launched Logic Founders, a fintech-focused studio led by Camille Tyan.
This isn’t the first time eFounders has launched a crypto startup either. The studio built a crypto wallet for SMEs, which later became Multis.
If you’re unfamiliar with eFounders, the startup studio comes up with ideas for new startups, teams up with two co-founders, and helps with the product-to-market phase in exchange for a stake in the startup .
Some holding companies include Air call, Expenses and Before. In total, eFounders launched 33 companies. They generate $170 million in annual recurring revenue and employ 2,000 people when you combine them all.
As for 3founders, the sub-studio will soon have its own team and portfolio of startups. But for now, there is not much to see. eFounders co-founder Thibaud Elziere will be the studio’s interim director and Salesmachine co-founder Florent Quinti will be 3founders’ first employee.
3founders’ first startup will be Cohort. Co-founded by CEO Séraphie de Tracy and CTO Nathan Barraillé, this new startup will allow brands and organizations to offer NFTs to the most loyal members of their community.
“We are currently working on several web3 ideas and aim to launch more startups quickly,” Florent Quinti said in a statement. “We are looking to reinvent CRM in a native web3 world and we are also exploring developer tools to allow web2 companies to integrate web3 experiences into their products without compromising the user experience.”
In other words, we’ll be keeping an eye on 3founders projects because it will be interesting to see if 3founders can build a track record that resembles eFounders’ track record.