Launched by the founders of the Lausanne-based HackGroup, HackCapital opens up a new route of financing for impact startups from small ticket accredited investors. More than 30 startups and funds have already been enabled to pool capital into their round and tap into HackCapital’s investor network including Swiss based Cultivated Biosciences.
HackCapital focuses on fundraising and financing tools to accelerate investment towards impact in the private markets. The platform addresses impact start-ups and investors alike. Powered by Co-Founders and industry angel investors, Arman Anatürk, Camille Bossell and Emilie Dellecker, HackCapital enables founders, fund managers, and syndicates across ClimateTech to easily raise capital from their networks for their own raises. “We see ourselves as the enabler of the ecosystem, being the financial platform behind the best founders and fund managers to help them do more of what they do best,” explains Arman Anatürk, CEO and Co-Founder of HackCapital.
Customers of HackCapital can choose to structure either a public or private deal via the platform; Private deals are used to exclusively pool capital from the customers own network, Public deals give customers the additional exposure to HackCapital’s investor network which can be used as a top-up to their own investors. Today, Startups and Funds using HackCapital are required to bring a minimum of 50% of their total allocation pre-pooled from their own investors network in order to be eligible to access the Public deals feature.
The HackCapital investor network consists of Accredited Angels, Family Offices and Institutional Investors that are actively looking to deploy into impact focussed businesses. All onboarded investors have a clear investment thesis which this is used to match them to the relevant Startups and Funds and have a dedicated account manager who supports with investor matchmaking.
Its current capabilities cover roll-up vehicles for founders raising their next round, feeder funds for managers raising their next venture fund and micro vehicles for first time asset managers looking to quickly setup and deploy.
Innovative structure to reduce time and cost
“Roll-up” is a term that means pooling together multiple small ticket investors and bringing them together in one structure, to avoid complicated minority investors governance and messy cap tables. The roll-up vehicles are an alternative to traditional SPVs (Special Purpose Vehicles) which have a limitation on the number of investors. HackCapital has built a novel EU-based structure that replaces the need for SPVs altogether, significantly reducing the time and cost to pool capital, and without limitation on the number of investors that can take part. The mechanism is similar for Feeder Funds, which allows small ticket investors to be “rolled-up” into an existing fund as a single entity.
Swiss start-ups and investors on board
More than 30 startups and funds have been enabled to pool capital into their round and tap into HackCapital’s investor network.” As a Swiss headquartered company, we’re proud to count Zurich-based Cultivated Biosciences as one of our early platform users and have a number of Swiss investors that are actively using HackCapital to invest into leading impact funds and startups”, explains Laura Hodgkiss, Head of Communications at HackCapital.
Startups and Funds are welcome to apply directly via the HackCapital interest form here, accredited investors with an understanding of the private market can apply via a separate form.
(Press release / SK)
Photo L-R HackCapital co-founders Arman Anatürk, Camille Bossell and Emilie Dellecker
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