The former COO of Isar Aerospace, the VP Operations of Marvel Fusion and an ex-defense founder meet, found a startup – and even name it after the Greek god of the underworld: Welcome to Hades Mining.
The startup has now completed seed financing of 15 million euros. The round was led by venture capital firms HV Capital and Headline.
“Our product is smoking holes,” says founder Max Werner to us in an interview. More specifically, Hades wants to deliver two things in the future: critical raw materials and heat. The special thing: drilling is to take place in Europe.
The founders Max Werner, Björn Dressler and Dan Gengenbach say they are developing a new technology that will provide raw materials more quickly and in a more environmentally friendly way. These are laser drills, as the “Handelsblatt” writes. “We are neither a service company nor a technology provider. We want to act as a mining company,” says Werner.
A cap table full of celebrities
Hades’ investors also include Christian Reber and Niklas Jansen with Interface Capital – they were supporters from the very beginning. Why do many well-known tech founders invest in Hades? What does your startup have to do with paving stones? What else do the founders have planned?