[Funding alert] Paris- based HCVC Raises $75 million of it’s Second Round Funding

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The organization claims that it would fund pre-seed and seed stage firms in Europe and North America that operate in a variety of industries, such as decarbonization, defense, and space. The firm plans to carry out about 10 transactions annually, with ticket amounts expected to vary from €250,000 to €2.5 million.

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If the names HCVC and hardtech sound recognizable, it would be wise to keep in mind that the company initially achieved notoriety via the Hardware Club program, which helped companies to discover a market for tangible goods.

More than 50 businesses, namely Cowboy, Span, Automata, Radian, Augmenta (bought by CNH Industrial), and Caper (acquired by Instacart), received funding from the inaugural fund of HCVC.

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The company has made prior investments with the second round of HCVC's investment capital in the nuclear fusion startup Renaissance Fusion, satellite operating system company Antaris, cellular agriculture production startup Ark Biotech, nuclear waste recycling business Transmutex, and cell therapy manufacturing firm Sarcura.

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About HCVC

HCVC According to the HCVC, Alexis Houssou and Barbara Belvisi established the program, which has since had 600 companies from 50 different countries on its roster.

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A limited group of the the globe's top hardtech companies have come together in Hardware Club. Members benefit from one another's expertise, knowledge, and network by sharing them, eliminating costly mistakes, and advancing more quickly. When members are chosen, there are no fees or equity transactions necessary; membership in Hardware Club is free.

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