The Hardware Club closes $50 mln first fund.

The Hardware Club said it completed a final close of its $50 million first fund. The firm, operating from Paris, Tokyo and San Francisco, raised the capital from investors, including Isomer Capital, Draper Esprit, Bpifrance’s French Tech Acceleration funds, Foxconn and Arkéa.

A press release follows:


Hardware Club Announces $50 million Final Closing of its first Fund

After a first closing in 2017, the Hardware Club almost doubled the size of its first fund to continue investing in hardware and full-stack startups

First Hardware Fund in Europe, Hardware Club Fund I welcomes new international investors such as Isomer Capital and Draper Esprit in this final closing

Paris, December 11th 2018 – The Hardware Club – first European venture capital fund dedicated to hardware – announces today the final closing of its first fund at 50 million dollars, raised from international investors such as Isomer Capital, Draper Esprit, and Bpifrance’s French Tech Acceleration funds, in addition to Foxconn and Arkéa who had already participated in the first closing.

Launched in January 2015 by Alexis Houssou, and joined by Managing Partners Jerry Yang and Aymerik Renard, the Hardware Club is the first European investment fund dedicated to hardware and full-stack startups (combining hardware and software). Operating from Paris, Tokyo and San Francisco, the Hardware Club team has assembled the leading international hardware startup community bringing together the best entrepreneurs in the hardware space, spanning 470 startups in 39 countries, across all aspects of the hardware ecosystem.

Thanks to this new closing, Hardware Club will accelerate investments in the most promising hardware startups in Europe and the United States by supporting approximately twenty new companies from Pre-seed to Series A in the upcoming 18 months.

“The future lies in startups that combine software, hardware and data to solve major problems. The good news is that many entrepreneurs are no longer afraid to launch ambitious hardware projects and we hope to support many in Europe and the United States.” comments Alexis Houssou, founder and CEO of Hardware Club.

Beyond the financial investment itself, Hardware Club has developed a unique platform to support the startups of its portfolio in their growth 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.

The leading Hardware investor in Europe

Through this first fund, Hardware Club has already invested in companies like Cowboy Bike (which recently announced a new raise of 10 million euros), Alcatraz AI (artificial intelligence for access control systems), Automata (next generation industrial robotic arms) and Left Hand Robotics (Autonomous snow removal robots).

Since its first closing in June 2017, Hardware Club has backed over 28 startups, investing more than $13 million in projects ranging from aerospace and industrial DeepTech, to connected health, AI and robotics.
The startups in its portfolio have already raised over 100 million dollars from top-tier investors as First Round Capital, Tiger Global, Global Index Ventures and Playground.

About Hardware Club

Hardware Club is an investment company based on the largest community of hardware startups in the world. The club selects the most promising startups worldwide and helps them scale by providing support on key issues such as production and distribution. Hardware Club also invests in some of its members through the Hardware Club Fund I, created in 2017 and closed in November 2018 for $50 million. All members benefit from free access to a dedicated set of resources: strategic partnerships with leading manufacturers, distributors and service providers, private events organized around the world, and an online platform for members to connect with the community, which now includes more than 800 entrepreneurs. From its offices in San Francisco, Paris and Tokyo, the Hardware Club welcomes hardware startups in its community regardless of stage, location and sector. Elephants & Ventures SAS is an asset management company registered in France and approved by the Authority Financial Markets under number GP-16000031 for the management of private equity professionals Fund (FPCI).

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