• Skip to main content
  • Skip to primary sidebar

Real Entrepreneur News

Daily Entrepreneur News

Hardware Club closes its $50 million fund

December 11, 2018 by News Desk Leave a Comment

Hardware Club closes its $50 million fund

French VC firm Hardware Club just announced the final closing of its first fund. The firm will invest $50 million in total in hardware startups (as the name suggests).

Hardware Club first started as a community of hardware startups sharing knowledge, tips and contacts in the hardware community. If you’re launching a hardware product, chances are many companies before you had the same supply chain struggles.

The club itself has negotiated partnerships with well-known manufacturers and distributors, such as Foxconn, Amazon and Honda. Right now, there are 470 startups in the club from 39 countries, as well as 150 partners.

And Hardware Club then invests in the most promising startups that are part of the club. Let’s hope that startups get enough perks from the community because investing in some companies but not all of them creates a signaling issue.

After the first closing of $28 million, Hardware Club already invested in multiple companies, such as Cowboy Bike, Alcatraz AI, Automata and Left Hand Robotics. Overall, Hardware Club invested in 28 startups and expects to realize an exit very soon. The firm also plans to invest in another 20 startups with this fund, ideally in a seed or Series A round.

Published at Tue, 11 Dec 2018 09:51:50 +0000

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Recent Posts

  • IBM CEO Arvind Krishna wants to completely transform his organization
  • Accelerators embrace change forced by pandemic
  • Apple updates Mac Mini with Apple-designed M1 chip
  • A theatre of dominance
  • HBO releases a wellness-focused AR app to promote ‘His Dark Materials’

Recent Comments

    Archives

    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018

    Categories

    • News
    • Video

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Copyright © 2021 · News Pro on Genesis Framework · WordPress · Log in