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Gilles Mattelin

Gilles Mattelin has achieved two acquisitions before the age of 40, making him one of the more prolific exits-to-fund operators in the Belgian tech market.

His first exit came at Intuo, a Ghent-based HR Tech and performance management platform that Gilles co-founded. Intuo was acquired by Unit4 in March 2019. At Intuo, Gilles served as Co-Founder and VP Sales, building the commercial side of the platform.

After Intuo, Gilles co-founded Henchman alongside Jorn Vanysacker and Wouter Van Respaille during the COVID pandemic, launching the product in June 2021. Henchman is a Ghent legal AI company that helps lawyers search, reuse, and draft contracts faster using AI-powered clause retrieval from a firm's own document history. The company raised EUR 6.5M Series A in 2023 and was acquired by LexisNexis in 2024, launching as Lexis Create+.

Following the Henchman exit, Gilles and Jorn Vanysacker formalized their investment activities into 100IN, a EUR 12M pre-seed fund targeting Belgian and European product-focused startups with EUR 100K checks. The fund aims to back 100 companies. Julie Capiau joined as a third partner.

Gilles also founded Tout Bien Pils, a Belgian craft beer brand, reflecting a broader entrepreneurial curiosity beyond pure tech. He has invested in more than 20 startups over his career.

Earlier in his career, Gilles was Business Development Manager at Medufy, an e-learning platform for healthcare professionals.

Gilles operates as a hands-on commercial founder who builds product-led companies with strong sales cultures. His two SaaS exits, in HR Tech and legal AI, demonstrate a consistent ability to find enterprise software niches with acquisition-grade value. The 100IN pre-seed model reflects his belief that Belgium needs more early-stage capital density.

Insights & takeaways

Across every appearance, Gilles Mattelin returns to the same conviction: speed and instinct beat overthinking. "Just do it hè. Just just [ __ ] jump hè," he says of starting up, and the corollary follows immediately in his advice to others: "Als je die ambitie van dagen hebt, stel het dan niet lang uit en begint daar gewoon aan" 34. He is openly suspicious of the conventional career on-ramp, arguing against spending years at a Big Four before founding something, because "je leert het sowieso pas als je een start-up start" 4. That same impatience with caution shows up in how he talks about naivety at Intuo: "Het is pure naïviteit denk ik... Wij wisten niks hè. Niks. Letterlijk niks," he admits, but frames it as a feature rather than a bug — the not-knowing is partly what let him and Jorn Vanysacker move 4.

Founding with a friend is not, in his view, the reckless move people assume. "Veel mensen zeggen ook dat dat een dom idee is hè om met vriend te ondernemen. Maar ik vind dat juist een best idee, want je kent ze het best," he says, and that partnership with Vanysacker runs through Intuo, Henchman and now 100IN 4. Operationally, the co-CEO structure he and Vanysacker used during the Henchman sale is one of his clearest tactical takeaways: one of them kept hitting revenue targets while the other ran the parallel M&A track, because negotiating with twenty VCs is already a full-time job on its own 3. Pivoting on customer signal is treated the same way — not as failure but as the correct response: the Fagron white-label request that turned a GP course product into a learning management system is offered as proof that the willingness to bend the product to real demand was what actually built Intuo 3. He carries that logic into how he evaluates founders he backs now, praising a second-time Ghent founder who is "throwing everything overboard" for a new product on the reasoning that every day of delay burns capital 4.

On selling companies, his playbook is specific and hard-won. Know your buyer universe from day one, he insists — Henchman only ever had three plausible acquirers (Thomson Reuters, Litera, LexisNexis), and the founders spent two years dining annually with LexisNexis's corporate development team before any deal existed 3. When negotiations came, they used a term sheet's minimum-exit clause and competing funding offers as leverage, arguing internally that the board simply would not sell below those numbers 3. The single earnout lesson he repeats across both podcasts is the sharpest: refuse revenue-based earnouts. At Intuo, promising employees nothing would change and then resisting Unit4's integration wrecked morale and the earnout itself, teaching him that fighting an acquirer's urge to integrate fast is "self-sabotage" 34. At Henchman he inverted the approach entirely, refusing any earnout, aligning instead on milestone-based integration goals, and telling staff on day one 'it's gonna change' — the result, he says, was a sale where "nobody was stressed" and LexisNexis got its head start cleanly 34. Underneath the tactics is a stated principle about who gets paid: "Wij gaan geen money grab doen waarin dat wij rijk zijn maar dan de rest pist is op ons... Gent is te klein daarvoor" 3.

His growth philosophy is built around focus and clarity of metric. He is blunt that Intuo suffered from spreading itself across three products and three product teams, while Henchman's strength was doing "one thing and one thing good" — a single search bar, one pitch, one dev team — which simplified everything downstream, from marketing to sales 4. That focus was paired with a repeated North Star metric, time-to-meaningful-action from a search result, and an explicit, almost brazen public target: "We staken ook niet onder stoelen of banken. We're gonna scale. We gaan snel groot worden en we gaan voor midden verkopen" — a goal of 30,000 lawyers and a €100M-plus exit by 2026 that they ultimately beat on both speed and size 4. He also credits inbound demand, not outbound sales, as the real engine at both companies, with 60% of leads arriving inbound, and argues founders should build brand and content before scaling a sales team 4. As a second-time founder he changed his capital strategy accordingly: raise early, before product or go-to-market exist, because "eenmaal je begint en als je goud in handen hebt, dan komen de Amerikanen achter u aan," and spend that capital on experienced hires — poaching sales talent and installing CRM, customer success and a chief of staff before the first customer even signs 4.

As an investor now with 100IN, he says he decides mostly on the person, often within an hour, looking for a "krijger" who carries the same fire he recognizes in himself, and leaving deeper diligence to co-investing funds 4. He is wary of what outlier stories like Lovable and Aikido have done to founder expectations, arguing that inflated valuations without a plan to grow into them lead to downrounds that wreck credibility with both the market and employees 3. That same investor posture extends to backing ventures far outside SaaS: with the beer brand Tout Bien Pils and its Average Rob branding, he describes an inverted playbook where an old, commodity market gets disrupted through personal brand and online distribution r

  • Willingness to pivot based on customer feedback was decisive: a white-label request from Fagron turned a course product for GPs into the learning management system that became Intuo's talent platform.
  • Know your potential buyers from day one and build relationships years ahead: Henchman knew only Thomson Reuters, Litera and LexisNexis could acquire them and had dined annually with LexisNexis corporate development for two years before the deal.
  • They used the Adjacent term sheet's minimum-exit clause (€75M) and incoming €100-120M funding offers as leverage in the LexisNexis negotiation, arguing the board wouldn't sell below those thresholds.
  • Refuse revenue-based earnouts in a strategic acquisition — they misalign buyer and seller, as they learned painfully at Intuo; milestone-based earnouts (implementation, merging) made the LexisNexis integration frictionless.
  • They deliberately rejected LexisNexis structures that enriched founders but shortchanged shareholders and employees: 'Gent is too small' for a money grab, and everyone getting paid cleanly avoided weekly shareholder pressure during the earnout.
  • Outlier stories like Lovable and Aikido have blinded early founders into demanding insane valuations without a plan; failing to grow into an over-valuation causes downrounds that destroy credibility with the market and employees.
  • During the sale process the co-CEO structure was the key advantage: one CEO kept hitting revenue targets (essential while raising) while the other ran the parallel M&A track, since negotiating with 20 VCs is already a full-time job.
  • Inbound leads converted far better than outbound at both Intuo and Henchman — 60% of leads were inbound — so companies should be 'inbound first', building brand and content before scaling outbound sales.
  • After the Intuo acquisition they promised employees nothing would change, then resisted integration by Unit4 — which killed morale and the earnout; the acquirer will always want to integrate you fast, so fighting it is self-sabotage.
  • At Henchman they refused an earnout entirely and aligned on technical integration milestones with LexisNexis, telling staff on day one 'it's gonna change' — resulting in a smooth exit where nobody was stressed and the acquirer got its two-year competitive head start.
  • As a second-time founder, raise more capital early and spend it on experienced people: Henchman poached sales talent from Showpad and Silverfin and had CRM, customer success and a chief of staff in place before the first customer.
  • Raise money pre-product, pre-go-to-market: before sales exist investors can only dream, but once you have customers they can call unhappy clients and check missed targets, making later rounds harder to defend.
  • Henchman's North Star metric was time-to-meaningful-action from a search result, repeated to everyone, with a crystal-clear goal: sell to 30,000 lawyers and exit for over €100M by 2026 — which they beat on both speed and size.
  • Intuo lacked focus with three products and three product teams; Henchman did 'one thing and one thing good' — a single search bar, one pitch, one dev team — which made everything from marketing to sales simpler.
  • In an old market like beer the strategy is inverted from tech: you disrupt a commodity product with brand and strong online profiles (Average Rob, like Prime with Paul and Logan), plus 'smart money' investors who know distribution and horeca contracts.
  • He invests primarily in the person, not the product: decisions are often made within an hour based on whether the founder is a 'krijger' with the same fire he recognizes in himself, leaving due diligence to co-investing funds.
  • The strongest founders he backs dare to pivot fast when a product won't sell — a known Ghent second-time founder is throwing everything overboard for a new product because 'every day I wait I have less capital'.
  • Contrarian advice: don't spend two years at a Big Four before founding — 'je leert het sowieso pas als je een start-up start' — and don't be afraid to pitch your idea openly since 99% of people won't act on it anyway.

Education

Career

Roles
  • 100INTech InvestorJan 2026 – Present
  • La PatateOprichterMay 2024 – Present
  • Wintercircus GhentShareholderJan 2024 – Present
  • Tout Bien PilsCo-Owner / FounderJun 2021 – Present
  • Birdhouse#72factoryStartup MentorJun 2020 – Jan 2024
  • Henchman AI (acquired by LexisNexis in May 2024)FounderAug 2020 – Jan 2026
  • Lexis Create+, formerly Henchman#63factoryCo-CEOMay 2020 – Jan 2026
  • Unit4#550factoryCRO HCM - Chief Revenue OfficerMar 2019 – Apr 2021
  • Intuo (acquired by Unit4 in March 2019)Vice President of SalesJan 2018 – Mar 2019
  • Intuo.io (acquired by Unit4 in March 2019)Co-Founder2013 – Mar 2019
  • MedufyBusiness developmentJul 2012 – 2014

From public career histories · 13 entries

Media & appearances

2
  1. 3podcast
    The Harbour · 31 Mar 2026

    Serial founders Jorn Vanysacker and Gilles Mattelin recount building and selling Intuo (to Unit4) and Henchman (to LexisNexis for ~€200M) and launching their €100K-ticket pre-seed fund 100in, sharing tactical M&A and fundraising playbooks.

  2. 4podcast
    Ben's Mentors · 19 Nov 2025

    Serial entrepreneur Gilles Mattelin (Intuo, Henchman, Tout Bien Pils, 100IN VC) shares candid lessons on exits, earnouts, inbound-first growth, raising capital early, and founding with friends.

Recent mentions4