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Hardware investments are considered to be riskier than software investments. But a good hardware investment can bring in huge returns. Which is why you will find a lot of venture capital firms putting their money in the field today. This list is our compilation of top 10 investors who have made huge investments in the hardware segment.
Top 10 Hardware Venture Capital Firms
1. Uncork Capital
Uncork Capital is a seed-stage venture capital firm that focuses on SaaS, consumer, marketplaces, hardware, and new technology startups. The firm currently investing out of two funds: a $100M Seed fund (Fund VI) and a $100M Opportunity fund (Plus II) earmarked for larger investments in mature, existing portfolio companies.
Uncork Capital, formerly SoftTech VC was founded in 2004 and is based in Palo Alto, California, United States.
Uncork Capital has adopted the Diversity Term Sheet Rider.
Website: www.uncorkcapital.com
Founded: 2004
Total fund size: $505M
Stage: Seed, Series A, Series B, Growth
Sector: Financial Services, SaaS, Hardware
Ticket Size: $ 750K - $ 2M
Investment Geography: Agnostic (Global)
Uncork Capital's most notable exits include SendGrid, Clever, and Bitly.
2. First Round Capital
First Round is a seed-stage venture firm focused on building a vibrant community of technology entrepreneurs and companies, including Uber, Square, and Warby Parker. Through custom-built software, incredible in-person experiences, and a host of other unique services, First Round helps tiny companies get big while constantly reimagining the role of venture capital. It offers a growing number of services and products to help founders build companies from scratch.
First Round has adopted the Diversity Term Sheet Rider.
Website: www.firstround.com
Founded: 2004
Total fund size: $738M
Stage: Pre-Seed, Seed, Series A, Series B, Growth
Sector: Applications, Enterprise, Fintech, Software, Mobile, E-Commerce, Internet
Ticket Size: $ 500K - $ 10M
First Round Capital's most notable exits include Ring, Roblox, and Uber.
3. Lux Capital
Lux Capital Management manages of $4 billion in assets focused on founding, seed, early-stage, and growth investments in the physical, material and life sciences. Lux takes an active role in helping entrepreneurs build successful businesses in high growth sectors. Its investment team has built over 20 companies from scratch. Lux's investment strategy ensures our portfolio companies are better connected, have a deeper insight, and command industry leadership faster than their competitors.
Website: www.luxcapital.com
Founded: 2000
Total fund size: $3.9B
Stage: Seed, Series A, Series
Sector: Hardware, Enterprise, Media and Entertainment, Consumer Electronics, VR/AR, Gaming, B2C
Ticket Size: $ 50K - $ 50M
Investment Geography: United States, Canada
Lux Capital's most notable exits include Science 37, Rigetti Computing, and Senti Biosciences.
4. Shasta Ventures
Shasta is an early-stage venture capital firm with over a billion dollars under management. Shasta has a 15-year track record of investing in groundbreaking startups like Anaplan, Zuora, Nest, Turo, Nextdoor, SendBird, Tonal, Lattice, Glint, Highspot and hundreds more.
Shasta now invests in innovative series A enterprise startups in sectors likeSaaS, cybersecurity, infrastructure, data intelligence and camera vision. By focusing just on these sectors, we can dive deeper to produce better outcomes. Our investment in Shasta Elevate gives enterprise founders the playbook, tools and support they need to scale faster.
Website: www.shasta.vc
Founded: 2004
Total fund size: $1.7B
Stage: Series A, Series B
Sector: IoT
Shasta Ventures's most notable exits include Zuora, Recurve, and Anaplan.
5. GGV Capital
GGV Capital is a global venture capital firm that invests in local founders. As a multi-stage, sector-focused firm, GGV focuses on seed-to-growth stage investments across Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud, and Frontier Tech sectors.
The firm was founded in 2000 and manages $6.2 billion in capital across 13 funds.
Website: www.ggvc.com
Founded: 2000
Total fund size: $7.8B
Stage: Series A, Series B
Sector: Applications, Developer Tools, Consumer, Internet, Retail, SaaS, Advertising
Ticket Size: $ 5M - $ 25M
Investment Geography: Agnostic (Global)
GGV Capital's most notable exits include Animoca Brands, DraftKings, and Airbnb.
6. SOSV
SOSV is a global venture capital firm that operates early stage startup development programs which are focused on two broad areas: revolutionary technology that promises the betterment of humanity and the planet; and cross-border markets that are ripe for explosive growth.
The firm invests in a number of highly promising startups and uses its programs to advance product development, acquire customers, and scale. SOSV companies consistently achieve funding led by top tier investors. SOSV joins seed, series A, and later rounds.
As of January 2022, SOSV had more than 1,000 portfolio companies and $1.2 billion in assets under management, reflecting a 40% increase over 2020. Among the top companies in SOSV’s portfolio are NotCo, Perfect Day, Upside Foods, Yeelight, Opentrons, Shopal, Snapask, BitMEX, and API3.
Website: www.sosv.com
Founded: 1994
Total fund size: $527M
Stage: Accelerator, Pre-Seed, Seed, Series A, Series B
Sector: Financial Services, Biotechnology, Health Care, Software, Food and Beverage, IT
Investment Geography: Agnostic (Global)
SOSV's most notable exits include Roadie, Leap Motion, and Motiv.
7. Construct Capital
Construct Capital is an early stage venture capital firm founded in 2020. We invest in extraordinary founders building technology to transform the most foundational industries of our economy — from manufacturing and supply chain to food and transportation — that drive half our economy’s GDP yet are failing to meet customer expectations. We are active investors seeking to invest at the Seed or Series A stage.
Website: www.constructcap.com
Founded: 2020
Total fund size: $440M
Sector: Manufacturing, Supply Chain Management, Food and Beverage, Transportation
Investment Geography: United States, Canada
8. RRE Ventures
RRE Ventures they are long-term lead investor. They are active strategic, operational, and financial partners with the companies they finance.
Website: www.rre.com
Founded: 1994
Total fund size: $1.9B
RRE Ventures's most notable exits include Datadog, Abra, and BuzzFeed.
9. Spark Capital
Spark Capital is a venture capital firm that invests in the consumer, commerce, FinTech, software, frontier, and media sectors. It was founded in 2005 and is based in San Francisco, California.
Website: www.sparkcapital.com
Founded: 2005
Total fund size: $3.8B
Stage: Seed, Series A, Series
Sector: Consumer, Enterprise, Fintech, Hardware, Marketplaces
Investment Geography: Agnostic (Global)
Spark Capital's most notable exits include Coinbase, Wayfair, and Twitter.
10. ABS Capital
ABS Capital Partners is a venture capital firm that offers early-stage investment services to firms in the education, healthcare, and tech-enabled service industries. They specifically focus on the dreams and realities associated with helming a company beyond its initial growth spurt.
For 30 years, they've been helping growth companies reach their full potential.
It was founded in 1990 by Tim We glicki and Don Hebb and is based in Maryland.
Website: www.abscapital.com
Founded: 1990
Total fund size: $2B
Stage: Series A, Series B, Series C, Growth
Sector: Financial Services, Enterprise, E-Commerce
Investment Geography: Northeast (US)
BS Capital Partners's most notable exits include Galvanize, EXOS, and PowerReviews.
