Venture capital firm Formation 8 has secured supply chain management company Flextronics as a limited partner for a hardware fund being raised alongside a seed fund.
US-based venture capital firm Formation 8 has secured capital from supply chain services provider Flextronics for a $100m fund it is raising to fund early-stage hardware companies, Fortune reported yesterday.
Founded in 2011, Formation 8 invests in both the US and East Asia, harnessing its connections with both to help its portfolio companies grow internationally. It raised $448m for its first fund in 2013 and closed a $500m second fund in December 2014.
The hardware fund will be led…
