Hades Mining has closed a €15 million seed funding round. HV Capital and Headline led the financing, with Project A and Visionaries Tomorrow participating again, and additional investors including Founders Factory, Viessmann Generations Group, Interface Capital, and Founder Lake. This round comes less than six months after the initial funding round. Pre-seed financing over 5.5 million euros.
The Munich-based startup claims to be building Europe's first technology-driven mining and energy platform. At its core is a company-owned [device/system - context needed]. Laser drilling systemThis is intended to make drilling significantly cheaper, faster, and more environmentally friendly. Drilling is considered the biggest cost factor, especially in mining and geothermal energy.
Founder and CEO Max Werner explains in interviewEurope today imports almost all of its critical raw materials from unstable regions of the world and is simultaneously heavily dependent on fossil fuels. According to Werner, traditional drilling methods are reaching their limits, particularly in Europe's complex geology. Hades Mining is rethinking the entire process and developing technologies specifically tailored to these conditions. The company aims to unlock deposits and energy sources that were previously simply inaccessible or uneconomical.
"If you fundamentally change the cost and speed of drilling, you change the overall economic equation for production. That's exactly what Europe needs right now: a leap in performance, not incremental improvements."
HV Capital quotes Max Werner in a LinkedIn post.
Growth spurt in Munich
Christian Miele Headline also emphasizes LinkedIn:
"Hades is exactly the kind of high-tech industrial company that Europe currently needs – focused on sovereignty, resilience and scalability."
With the new capital, the startup plans to further develop its laser drilling system, undertake large-scale mining and energy projects, and triple the size of its team in Munich. Hades Mining aims to begin selling critical raw materials mined in Europe as early as 2029.
