Author

Hagen Hoferichter

Public-source research on private companies, ownership, financing structures and the evidence behind market headlines.

Research by Hagen Hoferichter

Humanoid's $152m Round Recapitalises A Business With £50.5m Of Founder Loans

Humanoid raised $152m after ending 2025 with £43.5m of net liabilities and £50.5m in founder loans, while its founder appeared to retain 53% of ordinary shares.

Jul 24, 2026Humanoid Robotics Series A

Mistral's Koyeb Acquisition Split A €27.8m Exit Between Cash And Shares

A French contribution report values Koyeb at about €27.8m and shows 36% of its shares rolled into Mistral, splitting liquidity from future upside.

Jul 24, 2026Mistral AI Koyeb Mergers and Acquisitions

PaperShell's €40m EU Grant Leaves A €43m Financing Test

PaperShell's signed 2025 annual report links an €83m factory and €40m EU grant to a planned IPO, while private capital must still fund roughly half.

Jul 24, 2026PaperShell EU Innovation Fund IPO

FINN's €140m Round Shows The Financing Stack Behind A Mobility Unicorn

FINN's 2025 shareholder lists show a 17.2% wider share base, Planet First's 18.8% block and a new Picus vehicle before the €140m Series D round.

Jun 25, 2026Mobility Venture Capital Cap Table

Neura Became Huayan's Largest Customer After A €10m Exit

German and Chinese filings trace Neura Robotics from Huayan-linked ownership to a €10m exit and later identify Neura as Huayan's largest customer.

Jun 22, 2026Robotics Cap Table China