Hardware Club, the company halfway between an investment fund and a startup accelerator, specializing in hardware, announces the final closing of its first fund to the tune of $ 50 million. The fundraising was carried out with Isomer Capital, Draper Esprit and the French Tech Acceleration fund. Arkéa or Foxconn had taken part in the first closing. Founded in 2015 by the French Alexis Houssou, and Barbara Belvisi, supported by Jerry Yang and Aymerik Renard, the investment company had made an initial fundraising of 25 million dollars in 2017.
Based in Paris, Tokyo and San Francisco, the Hardware Club focuses on hardware and full-stack startups (integrating hardware, software and artificial intelligence). It selects the companies it considers to be the most promising from all over the world and helps them develop by providing them with support on issues such as production and distribution. Then, it invests in some of its members. Today it brings together a community of more than 470 startups.
On the financing side, the Hardware Club mainly focuses on the European market but also invests in other countries through its various offices. Since its first closing in June 2017, the fund has invested in more than 28 projects for an amount of $ 13 million. We can cite startups like Cowboy Bike (connected electric bike), Alcatraz AI (artificial intelligence for building safety) or even Left Hand Robotics (autonomous snow removal robots).
Thanks to this new closing, Hardware Club intends to accelerate its investments in Europe and the United States. The fund aims to support around 20 new startups over the next 18 months, from seed to Series A.
Hardware Club: the key data
Founders: Alexis Houssou, Barbara Belvisi now supported by Jerry Yang and Aymerik Renard
Activity: Investment Funds
Funds: $ 50 million