Hardware Club, the community-based venture firm launched by co-founders Alexis Houssou and Barbara Belvisi along with General Partner Jerry Yang, today announced a $28M raise for the first closing of its inaugural fund, Hardware Club Fund I (Fund 1.) The debut fund will be invested back into new and existing exclusive Hardware Club members for manufacturing and retail partnerships, seeding and go-to-marketing funding and more. The firm has also conducted more than 10 investments in startups like Prynt, Reach Robotics, Keecker and ISKN.
Officially launched in 2015, the Hardware Club’s mission is to support the best hardware companies by leveraging the power of collaboration and network effects. Hardware Club boosts receives over 3,000 applications yearly and boosts an acceptance rate of nine-percent and quickly established itself as the largest and most selective community worldwide dedicated to hardware startups. Currently numbering more than 260 companies from over 30 different countries. Member companies have garnered success and accolades including: over 50 CES Innovation Awards, $700M+ in Venture Capital raised, $80M+ in crowdfunding raised, over 20 crowdfunding campaigns reaching over $1M and over 3M products shipped.
Hardware Club has also pulled together dedicated resources for its members including access to an ecosystem of 120 partners (manufacturing, distribution and retail) which provides support to companies in the club. Manufacturing partners include: Foxconn, Pegatron, Flex, Dragon Innovation, while retail and distributor partners include: Amazon.com/Amazon Launchpad, Target, Brookstone, Best Buy, Toys R Us and Harrods.
The First Community-based Fund for Hardware
The inaugural Hardware Club Fund I is the next step in the club’s journey to providing the best resources for a new generation of entrepreneurs to scale hardware companies. Through Fund I, Hardware Club will focus on early-stage investments in inception to late-seed stage companies, mostly in Europe and the United States.
Fund I will support ambitious founders on a mission to solve hard problems and transform entire markets with the right mix of hardware and software technologies. Additionally, the fund will have a specific focus on digital health, full-stack AI systems, novel sensors, connected buildings, smart transportation and game-changing consumer hardware.
The portfolio companies will benefit from the full hands-on support of the entire Hardware Club team and resources, as well as partners across their San Francisco, Paris & Tokyo locations.
Investors in the fund include Bpifrance, Credit Mutuel Arkéa, Foxconn, Mistletoe and other international investors.
Hardware Club has successfully made manufacturing introductions to more than 90 member startups, moving companies such as Keecker, Blocks, Sensible Objects and others into mass production.
About Hardware Club
Hardware Club is the most exclusive club for hardware startups. The club selects the most promising startups worldwide and help them scale globally by providing support on key hardware issues like manufacturing and distribution. Through Hardware Club Fund I also invest at seed stage in some of our members.
All the members benefit from free access to a dedicated set of resources: strategic partnerships with top-tier manufacturers, distributors and service providers, private events worldwide and an online platform to connect with a community of more than 600 hardware founders.
With offices in San Francisco, Paris and Tokyo, Hardware Club’s community is stage, geography and sector agnostic.