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August 20, 2025

Exclusive: Mining startup Hades raises from Project A to help Europe reshore its critical mineral production

The deeptech startup has also attracted funding from top defence and robotics founders, but it’s “not a technology company”

Anne Sraders

4 min read

Munich-based Hades, which aims to mine geothermal energy and critical minerals to help bolster Europe’s energy sovereignty, has raised €5.5m in pre-seed funding led by Project A. 

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Anne Sraders

Anne Sraders is a senior reporter at Sifted, based in Berlin. She covers the venture capital industry and deeptech startups, including robotics, spacetech and defence tech. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

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