Hardware Club Venture Capital Closes $75M Fund For Hardtech Startups

A Paris-based VC firm, Hardware Club Venture Capital (HCVC), has closed a new $75 million fund focused on "hardtech" startups. Founded by Alexis Houssou, HCVC supports startups operating at the hardware-software intersection. The fund aims to back pre-seed and seed-stage startups that address challenges like climate change and aerospace, with a focus on physical-world solutions. HCVC plans to invest in technologies such as precision sensors, advanced semiconductors, and satellite innovations. With investments ranging from €250k to €2.5 million, HCVC intends to support up to 40 startups in the next five years. This fund follows their successful $50 million HCVC Fund 1, which backed notable companies like Cowboy and Caper. Houssou emphasizes the importance of backing groundbreaking technologies that offer a competitive edge in the market and has already invested in nuclear fusion, satellite design, nuclear waste recycling, and more. Despite the challenges of hardtech investing, HCVC seeks opportunities in partnerships for technology development while outsourcing manufacturing, contributing to the growth of hardtech in Europe's venture capital landscape.

Summary of transaction details

• Property Type: Fund
• Transaction Amount: $75,000,000
• Company: Hardware Club Venture Capital (HCVC)
• Founder: Alexis Houssou
• Investment Focus: "Hardtech" startups operating at the hardware-software intersection
• Investment Range: €250k to €2.5 million
• Number of Startups to be Supported: up to 40 in the next five years
• Past Investments: Notable companies like Cowboy and Caper

HCVC's new fund will have a strong focus on "hardtech" startups that are addressing challenges related to climate change and aerospace. Alexis Houssou, the founder of HCVC, believes in backing groundbreaking technologies that provide a competitive edge in the market. The fund will invest in technologies such as precision sensors, advanced semiconductors, and satellite innovations. Houssou has already made investments in nuclear fusion, satellite design, and nuclear waste recycling. HCVC seeks partnerships for technology development while outsourcing manufacturing, aiming to contribute to the growth of hardtech in Europe's venture capital landscape.