# HCVC: portfolio, investments and team

> HCVC is a vc firm based in France. 42 investments on record, 8 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/hcvc (Millionrounds; every figure on the page links to its filing or article)

France · [Investor](https://millionrounds.com/investors)

# HCVC

Last cheque observed Sep 2026; 42 cheques on record.

Email

Deploying now VC firm

Seed Series A Deep Tech Robotics Semiconductors

Follow HCVC and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fhcvc)

Deploying now

**62%** of best year **8** **cheques in 12 months**, 42 on record

Since the last cheque **53** days **00** hrs **00** min **00** sec

Median round **$5.6M** Rounds led **0 of 42** Sole investor **1 rounds** Mostly in **United States, 43%**

Pitch HCVC

## HCVC highlights

- 01 8 cheques in the last 12 months
- 02 Mostly Seed and Venture: 68% of its rounds
- 03 Sole investor in 1 rounds, median $3.7M

## What they do

> We are a venture capital firm that helps fearless founders tackle hard problems with capital, resources and collaboration. From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** Deep Tech Robotics Semiconductors
- **Based in:** Paris, France
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **42 appearances**

- **2026** 7 rounds
- **Sept** **[Norbert Health](https://millionrounds.com/company/norbert-health)** Series A · US · AlleyWatch **$14M** With 8 others
- **Sept** **[Nūmi](https://millionrounds.com/company/numi)** Grant · FR **$4.3M** With 3 others
- **Jun** **[Qashier](https://millionrounds.com/company/qashier)** Series A · SG **$6.1M** With 1 other
- **Apr** **[Spectrohm](https://millionrounds.com/company/spectrohm)** Venture · US **$9.0M** With 2 others
- **Feb** **[Chiral](https://millionrounds.com/company/chiral)** Seed · CH **$12M** With 4 others
- **Jan** **[Anello Photonics](https://millionrounds.com/company/anello-photonics)** Grant · US **$20M** With 3 others
- **Jan** **[Delian Alliance Industries](https://millionrounds.com/company/delian-alliance-industries)** Venture · GB **Undisclosed** With 1 other
- **2025** 11 rounds
- **Dec** **[Navier](https://millionrounds.com/company/navier)** Seed · US · TechStartups **$5.6M** With 4 others
- **Oct** **[Karavela](https://millionrounds.com/company/karavela)** Venture · FR **Undisclosed** With 3 others
- **Aug** **[Ark Biotech](https://millionrounds.com/company/ark-biotech)** Grant · US **$200K** With 1 other
- **Jun** **[Spectrohm](https://millionrounds.com/company/spectrohm)** Venture · US **$3.0M** With 2 others
- **Jun** **[Lendurai](https://millionrounds.com/company/lendurai)** Seed · EE **$6.4M** With 1 other
- **May** **[Kyron.bio](https://millionrounds.com/company/kyron-bio)** Seed · FR **$6.2M** With 3 others
- **Apr** **[Cosmic Robotics](https://millionrounds.com/company/cosmic-robotics)** Pre-seed · US **$4.0M** With 4 others
- **Mar** **[Renaissance Fusion](https://millionrounds.com/company/renaissance-fusion)** Series A · FR · TechCrunch **$35M** With 5 others
- **Mar** **[Alpine Eagle](https://millionrounds.com/company/alpine-eagle)** Seed · DE · TechCrunch **$11M** With 2 others
- **Feb** **[Karman+](https://millionrounds.com/company/karman)** Seed · US **$20M** With 1 other
- **Feb** **[Fuse Vectors](https://millionrounds.com/company/fuse-vectors)** Pre-seed · DK **$5.2M** With 2 others
- **2024** 5 rounds
- **Sept** **[Gideon](https://millionrounds.com/company/gideon)** Venture · US **Undisclosed** With 2 others
- **Sept** **[Cowboy](https://millionrounds.com/company/cowboy)** Venture · BE **$4.4M** With 3 others
- **Jun** **[atmio](https://millionrounds.com/company/atmio)** Seed · DE **$5.5M** With 4 others
- **May** **[Ark Biotech](https://millionrounds.com/company/ark-biotech)** Venture · US **$8.2M** With 1 other
- **Mar** **[Surge](https://millionrounds.com/company/surge)** Seed · FR **$5.7M** With 4 others
- **2023** 5 rounds
- **Nov** **[Nūmi](https://millionrounds.com/company/numi)** Pre-seed · FR **$3.2M** With 2 others
- **Oct** **[Automata](https://millionrounds.com/company/automata)** Venture · GB **$40M** With 4 others
- **Oct** **[Giraffe360](https://millionrounds.com/company/giraffe360)** Venture · GB **Undisclosed** With 4 others
- **Sept** **[Antaris](https://millionrounds.com/company/antaris)** Seed · US **$3.5M** With 3 others
- **Jul** **[Bellwether Coffee](https://millionrounds.com/company/bellwether-coffee)** Grant · US **$1.9M** With 2 others
- **2022** 5 rounds
- **Dec** **[Remedee Labs](https://millionrounds.com/company/remedee-labs)** Series A · FR **$13M** With 4 others
- **Nov** **[Sarcura](https://millionrounds.com/company/sarcura)** Seed · AT **$7.3M** With 1 other
- **May** **[Pulsa](https://millionrounds.com/company/pulsa)** Seed · US **$4.0M** With 2 others
- **Mar** **[Valispace](https://millionrounds.com/company/valispace)** Seed · DE **$3.7M** Sole investor
- **Jan** **[Radian](https://millionrounds.com/company/radian)** Seed · US **$28M** With 2 others
- **2021** 4 rounds
- **Jul** **[Caper](https://millionrounds.com/company/caper)** Venture · US **$5.0M** With 5 others
- **May** **[BuffaloGrid](https://millionrounds.com/company/buffalogrid)** **$1.4M** With 3 others
- **Mar** **[Vitesse Automation](https://millionrounds.com/company/vitesse-automation)** Seed **$3.2M** With 3 others
- **Mar** **[Augmenta](https://millionrounds.com/company/augmenta)** Series A · CA **$8.0M** With 1 other
- **2020** 2 rounds
- **Aug** **[Bodyport](https://millionrounds.com/company/bodyport)** Series A **$11M** With 4 others
- **Apr** **[Left Hand Robotics](https://millionrounds.com/company/left-hand-robotics)** Venture **$1.6M** With 2 others
- **2018** 1 round
- **Jun** **[Play Impossible](https://millionrounds.com/company/play-impossible)** Venture **$1.3M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **2** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**2+** funds on file numbered funds in its name

Who backs their funds

## 2 LPs on record in HCVC's funds

- **Funds:** 1

The institutions that put money into its funds, which the firm then invests in companies. Source: an LP list.

- [**Equation Capital** 1 fund](https://millionrounds.com/fund/equation-capital) Fund Vintage Committed HCVC - -
- [**Isomer Capital** 1 fund](https://millionrounds.com/fund/isomer-capital) Fund Vintage Committed HCVC - -

## What they claim to have backed

From their own portfolio page (on their website)

**30** of 49 we have independently watched raise

[Alcatraz](https://millionrounds.com/company/alcatraz)[Alpine Eagle](https://millionrounds.com/company/alpine-eagle)[Anello Photonics](https://millionrounds.com/company/anello-photonics)[Ark Biotech](https://millionrounds.com/company/ark-biotech)[Aryballe](https://millionrounds.com/company/aryballe)[Atmio](https://millionrounds.com/company/atmio)[Augmenta](https://millionrounds.com/company/augmenta)[Automata](https://millionrounds.com/company/automata)[Bodyport](https://millionrounds.com/company/bodyport)[Caper AI](https://millionrounds.com/company/caper)[Chef Robotics](https://millionrounds.com/company/chef-robotics)[Chiral](https://millionrounds.com/company/chiral)[Cosmic Robotics](https://millionrounds.com/company/cosmic-robotics)[Cowboy](https://millionrounds.com/company/cowboy)[Fuse Vectors](https://millionrounds.com/company/fuse-vectors)[Giraffe360](https://millionrounds.com/company/giraffe360)[Karavela](https://millionrounds.com/company/karavela)[Kyron.bio](https://millionrounds.com/company/kyron-bio)[Left Hand Robotics](https://millionrounds.com/company/left-hand-robotics)[Lendurai](https://millionrounds.com/company/lendurai)[Norbert Health](https://millionrounds.com/company/norbert-health)[Pulsa](https://millionrounds.com/company/pulsa)[Qashier](https://millionrounds.com/company/qashier)[Remedee Labs](https://millionrounds.com/company/remedee-labs)[Renaissance Fusion](https://millionrounds.com/company/renaissance-fusion)[Sarcura](https://millionrounds.com/company/sarcura)[Span](https://millionrounds.com/company/span)[Spectrohm](https://millionrounds.com/company/spectrohm)[Surge](https://millionrounds.com/company/surge)[Valispace](https://millionrounds.com/company/valispace) AMI Bellwether Delian Dyna Eva Fieldvision Full Speed Automation Gideon Brothers Invoke Bio Karman+ Navier Noke Nūmi Orakl QUiCKR Bio Radian Aerospace Screenshot Shortcut Labs Tangible

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Seed Series A

Median round joined **$5.6M** the round, not its cheque Alone, median **$3.7M**

Led 0 of 42 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *15*
- Venture *13*
- Series A said *6*
- Grant *4*
- Pre-seed *3*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Kima Ventures](https://millionrounds.com/fund/kima-ventures) 6
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 4
- [Bpifrance](https://millionrounds.com/fund/bpifrance) 3
- [LocalGlobe](https://millionrounds.com/fund/localglobe) 3
- [Entrepreneur First](https://millionrounds.com/fund/entrepreneurs-first) 2
- [Good Growth Capital](https://millionrounds.com/fund/good-growth-capital) 2

**Pitching HCVC?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as HCVC. A count of rooms they were both in, not a relationship either has claimed.

[**Kima Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/kima-ventures)[**Y Combinator** Accelerator **4** rounds together](https://millionrounds.com/fund/y-combinator)[**Bpifrance** Government **3** rounds together](https://millionrounds.com/fund/bpifrance)[**LocalGlobe** VC firm **3** rounds together](https://millionrounds.com/fund/localglobe)[**Entrepreneur First** Accelerator **2** rounds together](https://millionrounds.com/fund/entrepreneurs-first)[**Good Growth Capital** VC firm **2** rounds together](https://millionrounds.com/fund/good-growth-capital)[**Heartcore Capital** VC firm **2** rounds together](https://millionrounds.com/fund/heartcore-capital)[**Hummingbird Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/hummingbird-ventures)[**Plug and Play** Accelerator **2** rounds together](https://millionrounds.com/fund/plug-and-play)[**Primary Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/primary-venture-partners)[**SBXi Fund** VC firm **2** rounds together](https://millionrounds.com/fund/sbxi)[**Seedcamp** VC firm **2** rounds together](https://millionrounds.com/fund/seedcamp)

## Recently backed

The latest companies HCVC put money into.

[**Norbert Health** $14M · Sept 2026](https://millionrounds.com/company/norbert-health)[**Nūmi** $4.3M · Sept 2026](https://millionrounds.com/company/numi)[**Qashier** $6.1M · Jun 2026](https://millionrounds.com/company/qashier)[**Spectrohm** $9.0M · Apr 2026](https://millionrounds.com/company/spectrohm)[**Chiral** $12M · Feb 2026](https://millionrounds.com/company/chiral)[**Anello Photonics** $20M · Jan 2026](https://millionrounds.com/company/anello-photonics)

## Quick answers about HCVC

### What does HCVC invest in?

HCVC invests most often at Seed and Venture (68% of the rounds on record), in sectors such as Deep Tech, Robotics and Semiconductors.

### How active is HCVC?

42 investments on record, 8 of them in the last 12 months. The most recent was in Sept 2026.

### What has HCVC invested in recently?

Its most recent investments on record: Norbert Health (Series A, Sept 2026), Nūmi (Grant, Sept 2026) and Qashier (Series A, Jun 2026).

### How big are HCVC's cheques?

The median round it joins is $5.6M.

### Does HCVC lead rounds?

Rarely, if at all: none of its 42 investments on record names it as the lead.

### Where does HCVC invest?

Most of the companies it backs are in the United States (43%), France (20%) and the United Kingdom (9%).

### Is HCVC investing now?

Yes: it is actively investing, with 8 investments in the last 12 months.

### Who does HCVC invest alongside?

Most often Kima Ventures (6 rounds together), Y Combinator (4 rounds together) and Bpifrance (3 rounds together).

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