Hyperfox has extended its convertible loan agreement (CLA) to 1 million EUR.
After raising an initial 680,000 EUR, the latest round sees new investments from Birdhouse Ventures, additional business angels, and new team members. This extension will provide the resources needed to continue validating the product in Belgium and the Netherlands, while also exploring opportunities in the German market.
Expanding Investor Support
The first CLA involved key contributions from business angels, Hyperfox team members, and LRM (Limburgse Reconversie Maatschappij). The recent extension brings Birdhouse Ventures on board, along with further investments from business angels and newly joined team members. This increased support will help Hyperfox focus on solidifying product-market fit and prepare for scaling into new regions.
Building a Committed Team for Growth
Founder Tom Devos highlights the importance of a team deeply committed to the company’s vision: “Having every team member with skin in the game is motivating as we work toward our goals. We are backed by business angels who believe in our story but also challenge us when needed in our Advisory Board. Birdhouse Ventures joining us offers new opportunities for acceleration, and we are building a strong foundation for scaling in a robust and ambitious way.”
