Over 60 investors including co-founders have supported FoodHack, the fast-growing foodtech community to launch HackVentures, an investment platform dedicated to democratizing investing in People and Planetary health. With the recent oversubscribed $1.1M pre-seed investment, the founding team is well-positioned to accelerate development to launch the platform next year.
Founded by Camille Bossel, Emilie Dellecker and Arman Anatürk in Lausanne, HackVentures is an investment platform for people/planetary investing allowing the next generation of angels (customers and communities) to invest small tickets starting from $1000 to $100k across many startups, back moonshot technologies and build a diversified portfolio along the way.
The co-founding team is the backbone of FoodHack meetups, which became a license and grew from one to over 40 Meetup locations globally. At its pinnacle, the Foodhack newsletter had over 10k subscribers. Upon being approached by investors to access deal flows and startups seeking investments, the co-founders identified a gap that would lead to the launch of a newsletter featuring the best deal flows from their network. They curated their decks and information and offered to connect the investors to the featured startups.
Two years following the launch of the HackVentures newsletter, the platform has been on a fast-paced growth trajectory. It has grown its readership to over 1000 readers including top VCs from Anterra and SoftBank and launched the beta platform with 323 early users with more on the waiting list. HackVentures has tracked 1264 pitch deck views, fulfilled over 600 introductions between Investors and startups and connected nine startups to lead investors. Currently, the platform has enabled investment in 15 companies with a group of 100+ angels (3 still in stealth). Moving forward, the platform has the ambition to move from the 5 investments per month to 50 per month in the next two years.
With the recent oversubscribed $1.1M pre-seed investment, Hackventures is now set for further growth. Initially, the startup sought $500k. The funds will particularly flow into building infrastructure to facilitate transactions in-house – from opening the deal to transferring the funds and investment reporting. The team will also accelerate development to launch the HackVentures platform in 2023 and grow the team to include technical and compliance hires to support the launch, run and scale up the investment platform. The idea is to create an investment platform like AngelList for the fast-growing world of food and climate tech startups.
A diverse investor based
Besides the co-founders, HackVentures attracted 66 investors from 13 countries and various sectors. Among them are fund managers behind some of the most active Food/Climate funds such as FoodLabs, Siddhi Capital, EQT Ventures, ACME, Vala Capital, Revent and Square One Foods. Founders at some of the leading FoodTech startups such as Yamo, Planetary, Farmy, FoodDetective among others, and operators working in the industry as full-time Angels or Corporate/SME operators including Givaudan, Mondelez, General Mills and more also contributed to the round.
(Press release/RAN)
0Comments
Please login or sign up to comment.
Commenting guidelines