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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 VC industry and deeptech startups. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

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