Hackuity's $19m Round Carries a 243,860-Share Ratchet
Hackuity's $19m round includes a €7m cash tranche, a bond conversion and a ratchet ceiling that could add 243,860 shares to the capital structure.
Research topic
Source-backed analysis of venture rounds, investor positions and the ownership effects behind European private-company financings.
Venture announcements rarely explain how the financing changes ownership, control or downside protection. This collection reconstructs those effects from shareholder lists, constitutional documents, accounts and other public records.
The articles distinguish announced headline values from the equity that can be verified in filings, and separate new capital from secondary transfers, founder financing and other parts of the funding stack.
Hackuity's $19m round includes a €7m cash tranche, a bond conversion and a ratchet ceiling that could add 243,860 shares to the capital structure.
Chift's €10.5m Series A followed a 2025 return to profit, a positive gross-margin swing and a larger team, while ownership terms remain undisclosed.
Kaiko's $110m strategic round arrived beside €35.5m of share-funded acquisitions, issuing 553,134 shares while investor allocations remain undisclosed.
EQT is selling Ontinue to Quorum, while filings show a 2024 sponsor control transfer, £93.8m of topco equity and £27m of secured debt behind the platform.
Depotcharge announced a €2.7m pre-seed, but Evolve Energy's latest register still shows founder vehicles owning 50% each with no investor allotment visible.
Open Cosmos' €300m round sits above a register where founder Rafael Jorda held about 41% of stated capital and preferred shares ranked ahead of ordinary.
Limetax announced €36m for a tax-firm roll-up. German filings show a €25,000 regulated auditor owning a separate €25,000 HQ entity; the borrower remains unidentified.
Olenbee announced a €7m round after French filings recorded €2.82m of priced share issues and €475k of obligations converted into 22,568 shares, without naming holders.
Cloover says a $100m facility lifts financing capacity above $1.3bn as it scales a virtual power plant, but the debt is not a new equity round.
BIOWEG’s €30m Series A combines Rabo equity with €10.3m of NRW-linked grant funding, while its register shows Rabo Ventures B.V. at 5.16% in new shares.
Arlequin's €28m Series A follows a 31% seed issuance with ratchet protection and a 279,500-BSPCE capacity, while price and new stakes remain undisclosed.
Fundcraft announced €12m of group growth financing while its French AIFM converted €1.24m of shareholder debt into capital without a cash remittance.
Ethris secured €30m of EIB venture debt after a 2,723-share Gates Foundation capital increase diluted existing holders by about 2.7% in the latest July list.
Adaptyv announced a $40m Series A, while its Swiss Sàrl record shows a US-parent-owned launch and no public post-round investor split or dilution map.
CloudNC announced $20m, while its latest SH01 records 44.9m voting Series B shares with priority economics, no named allottees and no direct currency match.
FRYTE’s €3.5m seed sits beside a 43.89% share issue: founders fell from 94% to 52.74%, while 4impact and Rethink hold 21.88%. The legal list does not price the round.
Allogenetics’ €3.8m Pre-Series A coincided with NBank Capital rising from 5.78% to 17.32% and the founder falling to 23.05%. The register shows dilution, not price.
The Exploration Company announced a $450m Series C, but its latest German parent shareholder list still shows €194,197 of capital and no new round entry.
Ground A's €9.1m pre-seed created 31.75% of new shares, leaving each founder vehicle at 22.75% and Vsquared Ventures III at 14.17% in the latest register.
Atira's $17.5m funding headline maps to 16.92% across three Accel funds, while founder vehicles retain 58.54% of the latest visible register today.
HyImpulse's €50m financing meets a register where HylImpulse Holding and Schwarz Holding held 76.43% before the round, leaving post-round control unresolved.
Mustard Seed + Partners says nearly €150m is closed and €55m is deployed, but public records still leave LP commitments and fund control unallocated.
E2D’s €500m defence-fund target now has a Luxembourg vehicle, an IQ EQ AIFM and a July first close, but LP commitments and allocation control remain undisclosed.
Phantasma Labs says Jet supplied €2.1m of a €2.6m round, while its last shareholder list shows founder transfers and a 37.72% outside block.
NRW.BANK is putting €500,000 into Skylance through debt conversion and fresh capital, while the last known register remains founder-owned 50/25/25.
Octave's €10m Series A followed years of SPDG board representation and a new Quintin Tech director, so the round was not a blank governance slate.
WAD Capital's €130m debut fund has two dated Belgian vehicles: Seed Fund I for search and Invest Fund I for acquisitions, with EIF anchoring its first close.
Uplift Ventures’ €100m fund sits inside a Jungheinrich-backed platform with separate GP, management and partner vehicles, not one undifferentiated pool.
Ore Energy paired a $43m Series A with a 1 GWh Budget Thuis agreement, moving iron-air storage from pilot evidence toward factory-scale delivery.
INLEAP says it has raised about €20m since founding, while its latest filed shareholder list shows founder holding companies with 80% and outside holders with 20%.
HyImpulse's €50m Series A extension pairs public and private capital with a €350m order book, but filings do not yet show who bears the new equity risk.
ENGO's €5.1m round nearly doubled its voting base, with 641,254 new ordinary shares placing investors close to parity with the MICROOLED spin-out founders.
xorlab's €5m Series A+ followed a 43.4% 2021 and 20.0% 2026 issued-capital rise, while Swiss filings do not identify investors or dilution yet.
Auxxo's €33.3m Female Catalyst Fund II closed after staged LP entries, but Berlin filings show nominal Haftsumme is not a map of capital or control.
Nexeon's £100m investment round added capital around an existing KDB preference stake, while staged allotments leave the latest recipients unnamed in filings.
EQT's $3.2bn Coller deal buys management and GP entities plus carry rights, while Companies House shows the UK operating manager rather than fund assets.
Pixelgen's SEK150m Series B includes Flat Capital's SEK40m cheque and two new directors, but Swedish public records do not yet show the post-round ownership split.
ColibriTD's €4m seed follows a 2023 issue where Earlybird Uni-X took 6,293 of 6,714 shares, while founders held 80.4% before the new round closed.
Breedr announced a $27m Series B, but BREEDR LIMITED's latest UK filed accounts show unchanged capital, £32.6k cash and £2.5m net liabilities.
Seqens says senior lenders will become shareholders, while filings show Sirona BidCo carried €930m of term debt, €29k cash and a €62m dividend.
Boldr announced a $5m pre-Series A, but BOLDR LTD's latest UK accounts remain dormant with 100 ordinary shares, leaving the funded entity unresolved.
Ponda's £1.422m Republic round added 249 investors to SALTYCO's Series Seed class, but filings and custodian terms do not document a retail governance bloc.
Revier’s €6m seed financing left a 57.6% legacy share block in place, while KHAN II and Revier Invest held 29.9% of the latest 43,428-share register.
MAASH's €12.15m package combines €5.85m equity, €4.3m public support and a €2m loan, with new board representation before mycoprotein scale-up.
Stability AI's $76m strategic round follows a parent-level control shift, while 2024 accounts show a loss-making UK operator owing its parent $69.71m.
Lupin Dental’s €15m round issued 19.75% new shares, settled €3.37m of claims by setoff, priced them 28% below prior issues and created a Strategic Committee.
BOOKR says its €6.1m Series A combines primary funding, secondary share purchases and converted instruments, so the headline is not all new cash.
Oakley bought a majority of Graphwise after Ontotext absorbed Vienna's Semantic Web Company, putting the merged group, not one startup, at the deal's centre.
RunwayVC's €40m Fund II is registered as a NOK30,000 alternative-investment vehicle, while a separate five-person manager carries the governance layer.
Flip's €22m financing followed a €6,115 legal-capital increase, revealing a 10.8% nominal equity signal without exposing investor-level economics.
Gallos' open £35m round follows a filed £9.99m issue that lifted Lansdowne to 29.0% and diluted each founder below the PSC threshold without an evidenced sale.
Callosum's $100m seed maps to a filed £57.20m Series Seed 2 issue for 24.1% of its holdco, while Atomico and Plural-linked directors joined the board.
Amber's €7m Series A created 11,113 shares: Ventech and NRW.BANK took 99.19%, lifting their combined holding to 36.09% and diluting three founder vehicles.
Oceanloop's €38.5m financing headline is 83% debt tied to a 2024 EIB facility, while €6.5m equity enters a 22-position roll-up with dilution unresolved.
The Army's £220m Corvus award is 2.92 times Tekever's 2024 turnover, while the £400m ceiling makes execution risk a private-company issue for suppliers.
Gravis's $200m SoftBank round created a Series A class equal to 12.63% of nominal shares and added two board members, not a takeover.
OLIX's $312m Series B diluted James Dacombe from 38.6% to about 34.1%, while 110,203 growth shares make part of the stake hurdle-dependent.
Omilia raised $67m for global expansion, but the financing sits above a Cyprus parent while the visible Greek operating company reports only local accounts.
VIA Equity's €350m Fund VI was active in Sweden's register seven months before its close, while public disclosures stop short of naming LP commitments.
Metal Morph raised £700,000 after its 50/50 founder structure changed 12 days after incorporation, leaving one active registered controller in the public record.
Kinematic Trees issued 185,714 ordinary shares for £584,999.10, about 15.7% post-money, as a founder's registered majority-board right disappeared.
Agon's $30m launch round became £23.02m of filed cash across four Seed classes, while founder and investor board rights moved into the articles.
Mindgard raised a $30m Series A after its founder fell below the UK PSC threshold and First Citizens took security over its entire US subsidiary.
Cytix's $7m Series A ended both founders' significant-control status, added Northern Gritstone to the board and followed a £1m convertible bridge.
Entravel raised $7.5m after audited accounts showed $548,714 cash, $2.44m of current liabilities, parent support and heavy crypto settlement flows in 2025.
Model ML's UK company owed £1.02m to its group and had one parent-owned £1 share before later rounds took the startup's funding above $100m.
Edgify's authorised Seed Prime class can represent 16.1% of equity but 36.5% of votes, while Rank and Mangrove receive specific governance rights.
Cambridge Aerospace moved 158,087 founder and early-holder shares into Series C, a block carrying about $37.2m at the filed class reference price.
Public-backed Impacto Andalucía supplies 52.8% of InsectBiotech's €7.2m financing, while the register leaves ownership and repayment terms undisclosed.
Great British Energy invested £7.5 million after Naked Energy disclosed unfinished funding, while a 2x Series B preference protected incumbent capital.
Chargepoly raised €23 million after its wholly owned stations vehicle fell below half its capital, shifting existing deployment risk to new investors.
Before FuVeX announced a €3 million round, Navarra's public investor had secured a €500,000 convertible with a 20% or 30% round discount schedule.
Neuraspace secured €15.6 million while Portugal's register showed €14.39 million of awarded project funding still undisbursed, exposing a liquidity timing gap.
Wordsmith AI has announced $114 million of funding above a one-share UK subsidiary, while Ross McNairn's latest register state preserves founder control rights.
White Star Capital's $250 million Fund IV spans France, Quebec and Guernsey, with Aéroports de Paris and La Caisse named as investors in public filings.
Volta's $300m raise hid a 30.5x nominal price ladder from $58 Seed shares to $1,769.91 Series A stock, plus preferred rights and $2m of debt set-off.
Headline bought Porsche's full 5.83% cylib stake four months before the EIC selected cylib for a conditional equity anchor of its next major round.
9fin authorised 139,527 existing shares for its employee secondary, implying £7.45m at the Series C price before conversion into preferred stock.
Highland Europe's €1.1bn Fund VI has 95 beneficial owners, with 81% non-US ownership and only 6% attributed to funds of funds in its official filing.
Qureight's $20m Series B followed a £2m senior C1 issue and four HSBC security filings, placing lenders and preferred capital ahead of older equity.
Dwelly's filings show £44.3m of new Series B cash, 19,406 founder shares sold to EQT and General Catalyst, and Trinity secured across the business.
Inforcer's filed Series C nearly doubled its implied value in nine months, while one-third of the preferred class came from existing ordinary shares.
Version Lens Sweden entered liquidation 48 days before Lovable acquired the Nalvin team, separating the talent deal from the venture-backed company.
CuspAI's founders held 32.61% before its $450m Series B, while UK sovereign capital entered a company whose post-round ownership is not yet public.
Perceptual Robotics paired about £2.1m of preferred equity with public support, while its senior D class now represents 69% of issued shares.
ZuriQ's $25.5m seed closed legally in May, creating a 28.6% preferred block and adding a Quantonation-linked director before its July reveal.
Matterwave and Climentum doubled their ecoLocked share counts in a 2025 issue, concentrating investor exposure before preliminary insolvency proceedings.
Greyparrot's filed terms protect Series B as if a founder-led sale valued the company at £120m, with any shortfall deducted from founder proceeds.
Modo Energy called CIBC's $17m package growth funding. UK charges show fixed and floating security over its business and two core trademarks.
German shareholder lists show VMG Green took 50% of Voodin as related VMG companies joined the consortium running a €48.18m EU-backed blade factory.
Ominimo says Hungary has been profitable since launch, while its first Polish accounts show a PLN 415,000 loss, negative equity and liabilities above assets.
Spain committed up to €166.2m to Multiverse Computing across two rounds and placed a SETT monitoring director on its board before the €500m raise.
Nuclear Turbines announced £15m, while its latest register shows founders at 57.6%, IQ Capital at 15.4% and about £6.2m of cash equity filed.
QUICKBLOCK raised £940,000 after reporting £534,213 of net liabilities. Filings map £638,571 to equity, leaving about £301,429 as implied grants.
Ossprey's $2.65m pre-seed announcement followed a December share issue that gave investors 25.4% and preference rights while founders retained 68.5%.
Moa Technology's £22.2m Series C created 46.4% of its issued shares and a roughly £44.4m first claim after accounts warned the round was essential.
German shareholder lists show Salesforce acquired 612 existing SPREAD shares from two founder vehicles, raising its stake from 5.5% to 6.7% without new capital.
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.
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.
German and Chinese filings trace Neura Robotics from Huayan-linked ownership to a €10m exit and later identify Neura as Huayan's largest customer.