As Angel list y CircleUp have helped US startups with angel investments, HackCapital wants to do the same with European startups focused on impactful solutions.
Co-founders and industry angel investors Arman Anatürk, Camille Bossel and Emilie Dellecker launched the Swiss-based entity underground on Tuesday to join similar groups, such as Vauban, Odin and Roundtable, to help founders, managers of funds and unions in climate technology. the industry raises capital from its networks for its own increases.
HackCapital is the financing and fundraising arm of Hack Group, the creators of the food tech community FoodHack and HackSummit. It provides a way for startups, funds and syndicates to use the HackCapital platform to launch an investment vehicle and raise capital from multiple investors in their network in the financing round, said Anatürk, co-founder and CEO of HackCapital, per email.
HackCapital manages the legal services and administrative behind these pooling mechanisms through a fully digitalized platform that makes issuance and investment easier and more affordable.
To date, more than 30 funds and startups have used the infrastructure to attract investors to its rounds, including Vienna-based Arkeon and Canada-based New School Foods, Anatürk said.
Where Anatürk said HackCapital is doing something different is that it is using a securitization structure, which centralizes management to circumvent the needs of traditional special purchasing vehicles, which limits the number of investors.
“HackCapital's infrastructure is designed specifically for liquidity and secondaries,” Anatürk said. “We believe that private markets will play a fundamental role in solving the climate and health in the coming decades, but lack of liquidity is one of the main factors preventing more capital from flowing towards meaningful innovation and impact, especially in deep technology fields. , where innovation cycles take longer than the typical 10-year return on funds.”
