Becarfull its smells like a scam
it is a French company which was created under the name of votelab in October 2020 and which changed its name in March 2021 to become civic power. they ask for the soft cap 1200 ETH while they have deposited only 1024 euro of capital in the company.
If you need proof just ask me
Hello, it's not exact. The company is VOTELAB SAS
https://www.societe.com/societe/votelab-890026974.html and initial name was "CIVIC POWER SAS".
This change was to avoid any confusion between CIVICPOWER the non profit association
https://www.journal-officiel.gouv.fr/associations/detail-annonce/associations_b/20200048/1401 and the company.
The POWER utility token is linked to the revenues of the company VOTELAB SAS as explained in the whitepaper.
You are right no link between the capital and fundraising, I assume you make the difference btw working capital and share capital.