The first community-based venture capital firm for hardware startups, Hardware Club has announced the closing of its first total funding of $50 million for hardware startups.
Hardware Club enables the hardware entrepreneurs to overcome the logistical hindrances via its vast networking and expertise. It invests in the potential member startups and empowers them to expand globally. The club is a platform for sharing knowledge, experience and acquaintances for hardware startup founders.
Founded in 2015 by Barbara Belvisi and Alexis Houssou, Hardware Club has its offices in Paris, San Francisco and Tokyo. The club owns over 400 startup memberships from 30 countries and overall $600 million VC funding. It maintains supply-chain partnerships with more than 60 companies, including Foxconn, Wistron, Amazon, Softbank, Flex and Honda.
Post the closure of the first funding of $28 million, Hardware Club had invested in companies like Alcatraz AI, Cowboy Bike, Automata and Left Hand Robotics. This time, the firm prepares to invest the fund in a further 20 startups through Series A round or seed funding.
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