The Hardware Club Closes $50M First Hardware Focused Fund

hardware clubThe Hardware Club, a hardware focused investment firm, closed its $50m first fund.

Hardware Club Fund I received support form Isomer Capital, Draper Esprit, Bpifrance’s French Tech Acceleration funds, Foxconn and Arkéa.

Launched in January 2015 by Alexis Houssou, and joined by Managing Partners Jerry Yang and Aymerik Renard, the Hardware Club invests in hardware and full-stack startups (combining hardware and software) in Europe and the United States. Operating from Paris, Tokyo and San Francisco, the team has assembled an international community bringing together entrepreneurs in the space, spanning 470 startups in 39 countries, across all aspects of the hardware ecosystem.

Hardware Club Fund aims to back approx. twenty new companies from Pre-seed to Series A in the upcoming 18 months. To support them, the firm has developed a platform to help portfolio startups grow by facilitating access to the largest manufacturers and distributors in the world, such as Foxconn and Amazon, as well as corporations such as Honda, among 150 other partners.

Through this first fund, Hardware Club has backed over 28 startups, investing more than $13m in projects ranging from aerospace and industrial DeepTech, to connected health, AI and robotics.
It has already invested in companies like:
– Cowboy Bike,
– Alcatraz AI,
– Automata, and
– Left Hand Robotics.

FinSMEs

13/12/2018

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