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Invest in Early Stage Startups

mHUB’s Product Impact Fund I is a $15M Venture Fund that invests in seed and early-stage physical product and hardware startups.

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A fund for HardTech and hardware venture capital

To invest in early-stage HardTech startups and provide seed funding to physical product and hardware companies, the mHUB Product Impact Fund I is actively deploying between 2020 through 2023 and expects to invest in 60 startups that participate in sector-specific cohorts of mHUB Accelerated Incubation, which include Industrial IoT, Smart Manufacturing, MedTech, ClimateTech, and Energy Tech.

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Filling the funding gap for HardTech and product-based startups

HardTech solutions (hardware + smart technologies) are experiencing a wave of innovation as the world reacts to the physical demands of climate, industry, and well-being. Yet, there has been a serious gap in funding for early stage, product-based startups. To reduce barriers to commercialization, the mHUB Product Impact Fund is generating investment in startups and creating sticky connections between startups, investors, corporate partners through the mHUB innovation center and its accelerator program.

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Fund Details

The mHUB Product Impact is actively making initial investment in each startup in an amount up to $175,000 in exchange for 5-8% equity. This is comprised of cash invested in each company as well as credits for certain fees related to functions or services provided by mHUB or an affiliate during the 6-month highly structured accelerated incubation (and an additional 2 years of support).

The Fund reserves a portion of its capital for follow-on investments in a select set of the startups.

Managing Partners

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Haven Allen

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Israel Idonije

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Steven Koch

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Mark Tebbe

Learn more about HardTech early stage venture capital for hardware startups

To become a Product Impact Fund Limited Partner, make direct investment into cohort companies, or attend investor-only Demo Days, please fill out the form below.

Our investor relations team will follow up shortly after reviewing your information.