European startup studio eFounders recently reached a portfolio valuation of $1 billion across 23 companies.
While software-as-a-service companies are trendy, eFounders has been exploring this space for a few years now.
In exchange for financial and human resources, eFounders keeps a significant stake in its startups.
Ideally, startups raise a seed round and take off on their own after a year or two.
Cycle is a product management platform.
And if you think about product management, it encompasses many things under one title, such as writing specs, planning a roadmap, assigning tasks and defining cycles or sprints.