Hardware Club has secured $28m for a first close of its inaugural fund from investors including contract electronics manufacturer Foxconn.
US-based hardware technology startup community Hardware Club has achieved the first close of its inaugural fund, with contract manufacturing services provider Foxconn contributing to the €25m ($28m) fundraising effort.
French state-owned investment bank Bpifrance also supplied capital, as did financial services firm Crédit Mutuel Arkéa, venture captal firm Mistletoe and undisclosed additional backers.
Hardware Club Fund 1 will support seed-stage hardware startups, with a particular focus on France-based businesses. It will in particular seek out opportunities in smart home technology,…
