---
title: Venture capital firms that focus on hardware technology
description: The right funding is crucial for hardware business. These are the top venture capital (VC) firms for every stage of deeptech, hardtech, and frontier tech.
image: https://blog.hardfin.com/hubfs/Hardfin-venture-capital-firms-that-focus-on-hardware.jpg
---

[![Hardfin Logo](https://blog.hardfin.com/hs-fs/hubfs/Hardfin_Logo.png?width=170&height=35&name=Hardfin_Logo.png "Hardfin Logo")](https://www.hardfin.com)

[![Hardfin Logo](https://blog.hardfin.com/hs-fs/hubfs/Hardfin_Logo.png?width=170&height=35&name=Hardfin_Logo.png "Hardfin Logo")](https://www.hardfin.com)

- [Platform](https://www.hardfin.com/platform)
    - [Asset management](https://www.hardfin.com/platform/asset-management)
    - [Project management](https://www.hardfin.com/platform/project-management)
    - [Financial management](https://www.hardfin.com/platform/financial-management)
    - [Data & integrations](https://www.hardfin.com/platform/data-integrations)
    - [Reporting & analytics](https://www.hardfin.com/platform/reporting-analytics)
- [By role](https://www.hardfin.com/teams)
    - [Executive leadership](https://www.hardfin.com/teams/executives-founders)
    - [Operations and logistics](https://www.hardfin.com/teams/operations)
    - [Finance and accounting](https://www.hardfin.com/teams/finance)
    - [Customer success](https://www.hardfin.com/teams/customer-success)
    - [IT and engineering](https://www.hardfin.com/teams/engineering-it-analytics)
- [By industry](https://www.hardfin.com/industries)
    - [Additive manufacturing](https://www.hardfin.com/industries/additive-manufacturing)
    - [Agriculture and agtech](https://www.hardfin.com/industries/agriculture-agtech)
    - [Biotech and laboratory](https://www.hardfin.com/industries/biotech-and-laboratory)
    - [Cleantech and renewable](https://www.hardfin.com/industries/cleantech-and-renewable)
    - [Commercial IoT](https://www.hardfin.com/industries/commercial-iot)
    - [Construction](https://www.hardfin.com/industries/construction)
    - [HVAC and refrigeration](https://www.hardfin.com/industries/hvac-and-refrigeration)
    - [Industrial automation](https://www.hardfin.com/industries/industrial-automation)
    - [Managed service providers (MSP)](https://www.hardfin.com/industries/managed-service-providers-msp)
    - [Medical and dental devices](https://www.hardfin.com/industries/medical-and-dental-devices)
    - [Networking and IT](https://www.hardfin.com/industries/networking-and-it)
    - [Retail technology](https://www.hardfin.com/industries/retail-technology)
    - [Robotics](https://www.hardfin.com/industries/robotics)
    - [Security and surveillance](https://www.hardfin.com/industries/security-and-surveillance)
    - [Smart buildings and infrastructure](https://www.hardfin.com/industries/smart-buildings-and-infrastructure)
    - [Telecom](https://www.hardfin.com/industries/telecom)
    - [Warehousing and distribution](https://www.hardfin.com/industries/warehousing-and-distribution)
    - [Wearables](https://www.hardfin.com/industries/wearables)
- [Advisory](https://www.hardfin.com/solutions/advisory-services)
- [Resources](https://www.hardfin.com/resources)
    - [Customer stories](https://www.hardfin.com/customer-stories)
    - [Recent product releases](https://www.hardfin.com/product-releases)
    - [Hardware financial operations guide](https://www.hardfin.com/hardware-financial-operations-guide)
    - [HaaS FAQs](https://www.hardfin.com/haas-faqs)
    - [Hardfin user guide](https://guide.hardfin.com/)
    - [Hardfin API documentation](https://docs.hardfin.com/)
- [Company](https://www.hardfin.com/company)

[ Get in touch ](https://www.hardfin.com/contact)

[![Get in touch](https://no-cache.hubspot.com/cta/default/19572841/interactive-122893622156.png) ](https://blog.hardfin.com/hs/cta/wi/redirect?encryptedPayload=AVxigLJf9vv7hiA26USthTMn4ZT2CqYyqk1Zlj1ZQJvtyfgqQWqWYLKSOS1aAWS87BV6poZLMFpGdapakDSxW0Y4ODtQ1pOCFRIyT9lzR7xHTMdYKbDYvKNOtvJINcJmNdbj3%2FBRBSRg7IcLlfyJ87LB%2BX%2BLwMvahoebDy%2BwT3FYs1PQvGQ%3D&webInteractiveContentId=122893622156&portalId=19572841)

[ Get in touch ](https://www.hardfin.com/contact)

- [Platform](https://www.hardfin.com/platform)
  
  
  
  
  
  
  
  
  
    - [Asset management](https://www.hardfin.com/platform/asset-management)
    - [Project management](https://www.hardfin.com/platform/project-management)
    - [Financial management](https://www.hardfin.com/platform/financial-management)
    - [Data & integrations](https://www.hardfin.com/platform/data-integrations)
    - [Reporting & analytics](https://www.hardfin.com/platform/reporting-analytics)
- [By role](https://www.hardfin.com/teams)
  
  
  
  
  
  
  
  
  
    - [Executive leadership](https://www.hardfin.com/teams/executives-founders)
    - [Operations and logistics](https://www.hardfin.com/teams/operations)
    - [Finance and accounting](https://www.hardfin.com/teams/finance)
    - [Customer success](https://www.hardfin.com/teams/customer-success)
    - [IT and engineering](https://www.hardfin.com/teams/engineering-it-analytics)
- [By industry](https://www.hardfin.com/industries)
  
  
  
  
  
  
  
  
  
    - [Additive manufacturing](https://www.hardfin.com/industries/additive-manufacturing)
    - [Agriculture and agtech](https://www.hardfin.com/industries/agriculture-agtech)
    - [Biotech and laboratory](https://www.hardfin.com/industries/biotech-and-laboratory)
    - [Cleantech and renewable](https://www.hardfin.com/industries/cleantech-and-renewable)
    - [Commercial IoT](https://www.hardfin.com/industries/commercial-iot)
    - [Construction](https://www.hardfin.com/industries/construction)
    - [HVAC and refrigeration](https://www.hardfin.com/industries/hvac-and-refrigeration)
    - [Industrial automation](https://www.hardfin.com/industries/industrial-automation)
    - [Managed service providers (MSP)](https://www.hardfin.com/industries/managed-service-providers-msp)
    - [Medical and dental devices](https://www.hardfin.com/industries/medical-and-dental-devices)
    - [Networking and IT](https://www.hardfin.com/industries/networking-and-it)
    - [Retail technology](https://www.hardfin.com/industries/retail-technology)
    - [Robotics](https://www.hardfin.com/industries/robotics)
    - [Security and surveillance](https://www.hardfin.com/industries/security-and-surveillance)
    - [Smart buildings and infrastructure](https://www.hardfin.com/industries/smart-buildings-and-infrastructure)
    - [Telecom](https://www.hardfin.com/industries/telecom)
    - [Warehousing and distribution](https://www.hardfin.com/industries/warehousing-and-distribution)
    - [Wearables](https://www.hardfin.com/industries/wearables)
- [Advisory](https://www.hardfin.com/solutions/advisory-services)
- [Resources](https://www.hardfin.com/resources)
  
  
  
  
  
  
  
  
  
    - [Customer stories](https://www.hardfin.com/customer-stories)
    - [Recent product releases](https://www.hardfin.com/product-releases)
    - [Hardware financial operations guide](https://www.hardfin.com/hardware-financial-operations-guide)
    - [HaaS FAQs](https://www.hardfin.com/haas-faqs)
    - [Hardfin user guide](https://guide.hardfin.com/)
    - [Hardfin API documentation](https://docs.hardfin.com/)
- [Pricing](https://www.hardfin.com/pricing-and-plans)
- [Company](https://www.hardfin.com/company)
- [Blog](https://blog.hardfin.com)
- [Log in](https://assets.hardfin.com)

[![Get in touch](https://no-cache.hubspot.com/cta/default/19572841/interactive-122893622156.png) ](https://blog.hardfin.com/hs/cta/wi/redirect?encryptedPayload=AVxigLJf9vv7hiA26USthTMn4ZT2CqYyqk1Zlj1ZQJvtyfgqQWqWYLKSOS1aAWS87BV6poZLMFpGdapakDSxW0Y4ODtQ1pOCFRIyT9lzR7xHTMdYKbDYvKNOtvJINcJmNdbj3%2FBRBSRg7IcLlfyJ87LB%2BX%2BLwMvahoebDy%2BwT3FYs1PQvGQ%3D&webInteractiveContentId=122893622156&portalId=19572841)

<https://blog.hardfin.com/> Financial operations for modern hardware

#### Share

[Share on LinkedIn ](https://www.linkedin.com/shareArticle?mini=true&url=https://blog.hardfin.com/venture-capital-firms-that-focus-on-hardware-technology&t=Venture%20capital%20firms%20that%20focus%20on%20hardware%20technology) [Share on Twitter ](https://twitter.com/share?url=https://blog.hardfin.com/venture-capital-firms-that-focus-on-hardware-technology&text=Venture%20capital%20firms%20that%20focus%20on%20hardware%20technology) [Share on Facebook ](https://www.facebook.com/sharer/sharer.php?u=https://blog.hardfin.com/venture-capital-firms-that-focus-on-hardware-technology&t=Venture%20capital%20firms%20that%20focus%20on%20hardware%20technology)

# Venture capital firms that focus on hardware technology

 by [**Zachary Kimball**](https://blog.hardfin.com/author/zachary-kimball) on April 26, 2024

Among many modern frontier technologies, the robotics market alone is expected to surpass $200B in the next 5 years, with a growth rate of almost 15%. The global market for deep tech has generated an astounding array of hardware applications in recent years—much of this thanks to funding from venture capital (VC) firms who are enthusiastic and confident about where “hard tech” is headed.[1](https://blog.hardfin.com/venture-capital-firms-that-focus-on-hardware-technology#fn-1)

At Hardfin, we’re in daily conversations with leaders who are innovating at hardware companies. For companies that are looking for [financing to close the gap for hardware](https://blog.hardfin.com/closing-the-gap-in-haas-investing-upfront-for-recurring-revenue), we’re often asked about which venture firms they should engage. We compiled a list of top VC firms that focus on this sector. That focus has many names—it is sometimes called hard tech (or hardtech), deep tech (or deeptech), frontier tech, supply chain, industrials, and more.

Many such firms focus on companies across a wide range of industries and sizes, so we grouped them only roughly. This is a high-level resource to guide hardware businesses looking to raise equity capital from VCs.

## VC firms that invest specifically at the pre-seed and/or seed stage

[AlleyCorp Robotics](https://alleycorp.com/verticals/deep-tech/): Invests in early stage robotics and automation innovation across both hardware and software. Average check size is $1M, and the firm invests primarily at the pre-seed and seed stages. Portfolio companies include [Appetronix (aka SJW Robotics)](https://appetronix.com/), [Renovate Robotics](https://www.renovaterobotics.com/), [Mapless AI](https://mapless.ai/), [Dexai Robotics](https://www.dexai.com/), and [Civ Robotics](https://www.civrobotics.com/).

[Bee Partners](https://beepartners.vc/): Pre-seed funding to deeptech companies building within one of three vectors: human-machine interaction, machine-to-machine learning, and biological machines. Check sizes range from $500k to $1.5M. Portfolio companies include [Rapid Robotics](https://www.rapidrobotics.com/), [Carbon Robotics](https://carbonrobotics.com/), and [InnerPlant](https://innerplant.com/).

[Bolt](https://bolt.io/): Pre-seed investments into startups combining hardware and software technology. Bolt leads or co-leads the first round of financing in over 90% of its portfolio companies. Average check size is $250k, with some investments reaching $1M. Portfolio companies include [Carbon Robotics](https://carbonrobotics.com/), Core Wellness (acquired by [Hyperice](https://hyperice.com/)), [Desktop Metal](https://www.desktopmetal.com/), [EverCharge](https://evercharge.com/), and [Companion](https://joincompanion.com/).

[Dynamo Ventures](https://dynamo.vc/): Invests in companies that are redefining global supply chains and rethinking the concept of mobility. Focus on enterprise business models at the pre-seed or Seed stage in verticals like transportation & logistics, autonomous cars, construction technology, and manufacturing. Check sizes range from $250k to $1.5M, with a sweet spot of $875K. Portfolio companies include [Plus One Robotics](https://www.plusonerobotics.com/), [Gatik](https://gatik.ai/), [Stord](https://www.stord.com/), and [SVT Robotics](https://www.svtrobotics.com/).

[Eniac Ventures](https://eniac.vc/): Leads Seed rounds across consumer, enterprise and deep tech, with a special focus on AI as a layer that powers these sectors. Average check size is between $200k and $1.2M, with a sweet spot of $700k. Portfolio companies include READY Robotics, [Sea Machines Robotics](https://sea-machines.com/), [Fox Robotics](https://foxrobotics.com/), [Bedrock](https://www.bedrockocean.com/), and [Model-Prime](https://www.model-prime.com/).

[HAX](https://hax.co/) (part of [SOSV](https://sosv.com/)): Focuses on pre-seed hardtech startups working on sustainability across climate, industrial automation, and human health. The firm’s partners are building new robotics, sensors, connectivity, electronics, critical materials, and infrastructure. Initial investments are $250k. Portfolio companies include [Forward Robotics](https://www.forwardrobotics.com/), [CleanRobotics](https://cleanrobotics.com/), [Unbox Robotics](https://unboxrobotics.com/), [Neupeak Robotics](https://nupeak.com/), [Neptune Robotics](https://neptune-robotics.com/), [PIX Moving](https://www.pixmoving.com/), and [Tensorfield Agriculture](https://tensorfield.ag/). 

[Humba Ventures](https://humbaventures.com/): Pre-seed and seed fund investments focused on emerging sectors and technologies like robotics & manufacturing, climate & energy, and defense & security. Investments range from $250k to $750k for checks with a high engagement model, though Humba occasionally writes $50k-$100k scout checks. Portfolio companies include [WindBorne Systems](https://windbornesystems.com/), [Treeswift](https://www.treeswift.com/), and [Volition](https://www.govolition.com/).

[Morado Ventures](https://www.moradoventures.com/): Focuses on high-growth, seed-stage technology companies, with a particular emphasis on “data-fueled” businesses. Focus areas include AI, data infrastructure, industrial internet, robotics & autonomy, computer vision, and health. Portfolio companies include [Camp Six Labs](https://www.campsix.com/), [Everest Labs](https://www.everestlabs.ai/), [Hyphen](https://usehyphen.com/), [Tortuga Agtech](https://www.tortugaagtech.com/), and [ViaBot](https://www.viabot.com/).

[New Stack Ventures](https://www.newstack.com/): Leads or co-leads pre-seed and seed rounds with focuses in the B2B SaaS, fintech, ecommerce, supply chain, cyber, proptech, and healthcare categories. Particular focus on companies outside of Silicon Valley. Check size is $500k to $1.5M. Portfolio companies include [WithMe](https://withme.co/), [Phood](https://www.phood.com/), [Jiobit](https://www.jiobit.com/), and [Model-Prime](https://www.model-prime.com/).

[Root Ventures](https://root.vc/): Invests in deeptech companies at the seed stage operating in the fields of hardware & robotics, tools & infrastructure, and data science. As engineers themselves, they specialize in leading initial funding for founders tackling new technical opportunities. Initial investments typically range from $2M to $3M. Portfolio companies include [Dusty Robotics](https://www.dustyrobotics.com/), [nTop](https://www.ntop.com/), and [Seismic.](https://www.myseismic.com/)

[Schematic Ventures](https://www.schematicventures.com/): Focuses on “digital industrial venture capital” on early-stage technology companies within the supply chain, manufacturing, commerce infrastructure, and transportation sectors. Typically leads $1-1.5M rounds in pre-seed and seed companies or participates with $500k checks. Portfolio companies include [Plus One Robotics](https://www.plusonerobotics.com/), [SVT Robotics](https://www.svtrobotics.com/), [Flock Freight](https://www.flockfreight.com/), and [Pandion](https://www.pandionpro.com/). 

[Uncork Capital](https://uncorkcapital.com/): A seed-stage firm that focuses on B2B applications & services, developer tools & infrastructure, consumer & marketplaces, and hardware & frontier tech. Average initial investment is $2M; check sizes range from $1.5M to $4M. Portfolio companies include [TruckLabs](https://www.trucklabs.com/), [Presso](https://getpresso.com/), [August](https://august.com/), [Fitbit](https://www.fitbit.com/global/us/home), and [Molekule](https://molekule.com/).

## VC firms that invest *across* early stages (pre-seed to Series B)

[Blue Bear Capital](https://bluebearcap.com/): Invests in high-growth technology companies across the energy, infrastructure, and climate industries, with a particular focus on companies that apply AI and data-driven technologies to these sectors. Average check size is $2M, and the firm invests primarily at the Series A stage. Portfolio companies include [TruckLabs](https://www.trucklabs.com/), [FreeWire Technologies](https://freewiretech.com/), and [Everactive](https://everactive.com/). 

[Construct Capital](https://constructcap.com/): Early-stage investments in companies rebuilding foundational industries. The firm is focused primarily on five themes: decentralized manufacturing, supply chain visibility, automation, transportation, and mobility. Average check size is $4M, and the firm invests primarily at the seed and Series A stages. Portfolio companies include [Kinetic](https://www.kinetic.auto/), [Chef Robotics](https://chefrobotics.ai/), [Verve Motion](https://vervemotion.com/), and [Impulse Labs](https://www.impulselabs.com/).

[Cybernetix Ventures](https://cybernetix.vc/): Invests in pre-seed, seed, and Series A startups in robotics, automation, and AI. Key industries are advanced manufacturing, logistics & warehousing, engineering & construction, and healthcare & medical devices. Check sizes range from $100k to $5M, with a sweet spot of $1.5M. Portfolio companies include [Instock](https://instock.com/en/), [Kewazo](https://www.kewazo.com/), [Realtime Robotics](https://rtr.ai/), [Raise Robotics](https://raiserobotics.ai/), and [Rugged Robotics](https://rugged-robotics.com/).

[DCVC](https://www.dcvc.com/): Invests in entre­pre­neurs using deeptech and AI to unlock potential across sectors. Investments address key themes of climate change, human health, the operations of physically-intensive industries, defense, security, and space. Check sizes range from $5M to $25M in a typical round, and the firm invests primarily at the Series A and Series B stages. Portfolio companies include [Agility Robotics](https://agilityrobotics.com/), [Remedy Robotics](https://www.remedyrobotics.com/), [Blue River Technology](https://www.bluerivertechnology.com/), [Halter](https://www.halterhq.com/), and [Proprio](https://www.propriovision.com/). 

[The Engine Ventures](https://engineventures.com/): Invests in pre-seed, seed, and Series A startups with founding teams committed to positive social impact. Focuses include climate change, human health, and advanced systems. Check sizes range from $250k to $9M, with an average check size of $3M. Portfolio companies include [RISE Robotics](https://www.riserobotics.com/), [ISEE](https://www.isee.ai/), [AtmosZero](https://atmoszero.energy/), [Axoft](https://axoft.us/), and [HyperLight](https://hyperlightcorp.com/).

[G2 Venture Partners](https://g2vp.com/): Invests in technology companies at their inflection points that are working to revolutionize traditional industries (the transportation, manufacturing, energy, agriculture, supply chain, technology and logistics sectors). Sweet spot is Series B and investments range from $15M to $25M in a typical round. Portfolio companies include [Locus Robotics](https://locusrobotics.com/), [Carbon](https://www.carbon3d.com/), [AssetWatch](https://www.assetwatch.com/), and [Seegrid](https://seegrid.com/).

[Grep VC](https://www.grepvc.com/): Invests in early-stage robotics-as-a-service (RaaS) companies building robots that perform narrow skills applied to giant markets—primarily service robots rented to enterprise companies. Portfolio companies include [Electric Sheep Robotics](https://sheeprobotics.ai/), [Peanut Robotics](https://www.peanutrobotics.com/), and [Zippedi](https://home.zippedi.com/).

[Grit Ventures](https://www.gritventures.com/): Invests in “the clean machine revolution,” partnering with innovators in automation, supply chain & logistics, sustainability, and connectivity. Vertical focus areas include AI, robotics, energy, materials, and space. Grid primarily leads pre-seed and seed rounds, with occasional investments in Series A. Check sizes range from $250k for the earliest companies to several million ($10M+) in later-stage investments. Portfolio companies include [Agtonomy](https://www.agtonomy.com/), [Apptronik](https://apptronik.com/), [Canvas](https://canvas.ahilia.com/), [Diligent Robotics](https://www.diligentrobots.com/), and [ViaBot](https://www.viabot.com/).

[Heartland Ventures](https://www.heartlandvc.com/): Invests in early-stage, high-growth startups that the firm connects to its corporate LPs and customer base in the heartland of the US. Focus on bringing innovative technology to traditional Midwestern industries (e.g., manufacturing, construction, logistics, and real estate). Heartland invests at the pre-seed, seed, and Series A stages; average check size is $1.5M. Portfolio companies include [Third Wave Automation](https://www.thirdwave.ai/), [StrongArm Technologies](https://www.strongarmtech.com/), and [Fulfilld](https://www.fulfilld.io/).

[Intuitive Ventures](https://ventures.intuitive.com/): Seed to Series B investments in companies reimagining the future of minimally-invasive care. Focus on precision diagnostics, MedTech/frontier device companies, focal therapeutics, and digital health. Check sizes range from $100k to $5M, with an average check size of $1.5M. Portfolio companies include [Neocis](https://www.neocis.com/), [Capstan Medical](https://capstanmedical.com/), and [Endogenex](https://www.endogenex.com/).

[Ironspring Ventures](https://ironspring.com/): Partners with innovators across the industrial supply chain. Sectors of focus include transport & logistics, construction, alternative energy & renewables, and manufacturing. Average check size is $2.5M and investments range from $1M to $4M; the firm invests primarily at the seed to Series B stages. Portfolio companies include [AIM Intelligent Machines](https://aim.vision/), [Plus One Robotics](https://www.plusonerobotics.com/), [Harbinger Motors](https://harbingermotors.com/), and [Icon](https://iconbuild.com/).

[Playground Global](https://playground.vc/): Focuses on connected hardware, robotics, quantum & next-generation computing, AI, industrial automation & logistics, and engineered biology. Typically leads $3M to $15M initial investments in seed and Series A companies. Portfolio companies include [Agility Robotics](https://agilityrobotics.com/), [RightHand Robotics](https://righthandrobotics.com/), [Velo3D](https://velo3d.com/), [Boxbot](https://www.boxbot.io/), and [Relativity Space](https://www.relativityspace.com/).

[Supply Chain Ventures](https://supplychainventure.com/): Makes early-stage investments in young, revenue-producing companies that use information technology, data analytics, and AI to enhance supply chain management. Check sizes range from $25k to $10M, with a sweet spot of $500K. Portfolio companies include [ISEE](https://www.isee.ai/), [Leaf Logistics](https://leaflogistics.com/), [SupplyShift](https://sphera.com/solutions/supply-chain-risk-management/supplier-engagement-solution/), [Descartes](https://www.descartes.com/home), and [ShipMonk](https://www.shipmonk.com/).

[TechNexus Venture Collaborative](https://technexus.com/): Deploys “collaboration capital” (typically seed and Series A) to companies that operate in AI/ML, VR, AR, IoT, analytics, and robotics. Particular focus on marine, outdoor, aviation, audio, and first response. Check sizes range from $250k to $4M. Portfolio companies include [Sea Machines Robotics](https://sea-machines.com/), [Invert Robotics](https://www.invertrobotics.com/), [3AM Innovations](https://www.3aminnovations.com/), and [Artiphon](https://artiphon.com/), and [Tonal](https://www.tonal.com/).

[True Ventures](https://trueventures.com/): Partners with founders in personal wellness, robotics, therapeutics, climate technologies, ocean exploration, and more. Investments are primarily seed and Series A, with an average investment of $1-2M in a typical round. Portfolio companies include [Bear Flag Robotics](https://www.bearflagrobotics.com/), [Diligent Robotics](https://www.diligentrobots.com/), [Fitbit](https://www.fitbit.com/global/us/home), and [Peloton](https://www.onepeloton.com/).

## Later-stage or multi-stage VC firms

[Eclipse Ventures](https://eclipse.vc/): Multi-stage investments (seed, Series A, and Series B) in companies making massive physical industries such as manufacturing, logistics, transportation, construction, agriculture, and healthcare more efficient, resilient, and profitable. Initial check sizes range from $200k to $5M, with an average check size of $2.5M. Portfolio companies include [Simbe Robotics](https://www.simberobotics.com/), [Clearpath Robotics](https://clearpathrobotics.com/), [6 River Systems](https://6river.com/), [ForSight Robotics](https://www.forsightrobotics.com/), and [Reliable Robotics.](https://reliable.co/)

[F-Prime Capital](https://fprimecapital.com/): Invests in companies in two primary sectors: healthcare (therapeutics, medtech, and health IT & services) and technology (enterprise software, fintech, and frontier tech). While they’re primarily early-stage investors, F-Prime will back exceptional teams at any stage. Investments range from $100k to $10M with a $5M sweet spot. Portfolio companies include [RightHand Robotics](https://righthandrobotics.com/), [Burro](https://burro.ai/), and [Teleo](https://www.teleo.ai/). 

[GGV Capital](https://www.ggvc.com/): Multi-stage investments (seed to growth stage) in global companies across cybersecurity, enterprise tech, fintech, SMBTech, and artificial intelligence. Investments typically range from $20M to $50M. Portfolio companies include [Geek+ Robotics](https://www.geekplus.com/en/), [Clobotics](https://clobotics.com/), [Avidbots](https://avidbots.com/), [Arevo](https://www.linkedin.com/company/arevolabs), [XPENG](https://www.heyxpeng.com/), and [Tile](https://www.tile.com/en-us). 

[Lux Capital](https://www.luxcapital.com/): Invests in seed, Series A, and Series B ventures at the intersection of technology and the sciences: 3D printing, machine learning, AI, manufacturing & robotics, satellites & drones, computational imaging & recognition, neuroscience & biology. Check sizes range from $1M up to $25M in a typical round. Portfolio companies include [Veo Robotics](https://www.veobot.com/), [Strateos](https://strateos.com/), [Multiply Labs](https://multiplylabs.com/), [Impulse Space](https://www.impulsespace.com/), and [Recursion Pharmaceuticals](https://www.recursion.com/). 

[Shasta Ventures](https://www.shasta.vc/): Focuses on early-stage startups SaaS, cybersecurity, infrastructure, data intelligence, low code, computer vision, and consumer & hardware. Pre-seed through Series A, with occasional investments in Series B. Typical check sizes range from $2M to $10M. Portfolio companies include Fetch Robotics (acquired by [Zebra](https://www.zebra.com/us/en/products/autonomous-mobile-robots.html)), [Starship Technologies](https://www.starship.xyz/), Nest (acquired by [Google](https://store.google.com/us/category/google_nest?hl=en-US&GoogleNest&utm_source=nest_referral&utm_medium=google_oo&utm_campaign=GS102516&pli=1)), and [Zwift](https://www.zwift.com/).

[Standard Investments](https://www.standardindustries.com/our-businesses/standard-investments/) (previously 40 North Ventures): Invests in early to late-stage companies focused on technology and business model innovation—primarily in the manufacturing, digital technologies, transportation & mobility, sustainability, environmental technology, and industrial sectors. Portfolio companies include [AssetWatch](https://www.assetwatch.com/), [ARRIS Composites](https://arriscomposites.com/), [Albedo](https://albedo.com/), [Carbon](https://www.carbon3d.com/), [Saildrone](https://www.saildrone.com/), and [Everactive](https://everactive.com/).

## Scaling commercially

As your organization [scales into modern hardware business models](https://blog.hardfin.com/business-models-shaping-the-future-of-hardware), you’ll encounter a [myriad of operational challenges](https://blog.hardfin.com/the-challenges-of-implementing-a-hardware-as-a-service-haas-model) implementing recurring commercial structure. Everything grows in complexity from [managing contract terms](https://blog.hardfin.com/how-to-manage-contract-terms-with-staggered-hardware-deployments) for asset deployments to [making sense of the asset lifecycle](https://blog.hardfin.com/how-to-manage-asset-lifecycles-effectively-for-hardware-subscriptions).

Ultimately [your finance team will need help](https://blog.hardfin.com/why-is-hardware-as-a-service-haas-complicated-for-the-finance-org) with hardware financial operations. And of course you’ll have a whole new set of stakeholders who will want detailed financial data in your board meetings. Luckily, Hardfin was built from the ground-up to support [hardware companies with hardware-as-a-service solutions](https://blog.hardfin.com/what-to-consider-defining-solutions-for-hardware-as-a-service-haas). Now you can easily offer your hardware as a subscription.

Want to know more? [We’d love to chat with you](https://www.hardfin.com/contact).

1. We enjoy “hard tech” as a pun, both because it’s **hard**ware **tech**nology, but also because [hardware is hard](https://medium.com/point-nine-news/haas-an-investment-thesis-for-hardware-startups-e3500c8d7007).

Topics: [hardware as a service](https://blog.hardfin.com/tag/hardware-as-a-service) [HaaS](https://blog.hardfin.com/tag/haas) [financing](https://blog.hardfin.com/tag/financing)

#### Share

[Share on LinkedIn ](https://www.linkedin.com/shareArticle?mini=true&url=https://blog.hardfin.com/venture-capital-firms-that-focus-on-hardware-technology&t=Venture%20capital%20firms%20that%20focus%20on%20hardware%20technology) [Share on Twitter ](https://twitter.com/share?url=https://blog.hardfin.com/venture-capital-firms-that-focus-on-hardware-technology&text=Venture%20capital%20firms%20that%20focus%20on%20hardware%20technology) [Share on Facebook ](https://www.facebook.com/sharer/sharer.php?u=https://blog.hardfin.com/venture-capital-firms-that-focus-on-hardware-technology&t=Venture%20capital%20firms%20that%20focus%20on%20hardware%20technology)

- Recent
- Topics
- Monthly

Recent

Topics

- [HaaS (89)](https://blog.hardfin.com/tag/haas)
- [hardware as a service (88)](https://blog.hardfin.com/tag/hardware-as-a-service)
- [haas100 (54)](https://blog.hardfin.com/tag/haas100)
- [business model (10)](https://blog.hardfin.com/tag/business-model)
- [billing (7)](https://blog.hardfin.com/tag/billing)
- [contract (4)](https://blog.hardfin.com/tag/contract)
- [equipment (4)](https://blog.hardfin.com/tag/equipment)
- [RaaS (3)](https://blog.hardfin.com/tag/raas)
- [accounting (3)](https://blog.hardfin.com/tag/accounting)
- [asset management (3)](https://blog.hardfin.com/tag/asset-management)
- [financing (3)](https://blog.hardfin.com/tag/financing)
- [operations (3)](https://blog.hardfin.com/tag/operations)
- [MSP (2)](https://blog.hardfin.com/tag/msp)
- [legal (2)](https://blog.hardfin.com/tag/legal)
- [managed service provider (2)](https://blog.hardfin.com/tag/managed-service-provider)
- [revenue (2)](https://blog.hardfin.com/tag/revenue)
- [robotics (2)](https://blog.hardfin.com/tag/robotics)
- [robots-as-a-service (2)](https://blog.hardfin.com/tag/robots-as-a-service)
- [DaaS (1)](https://blog.hardfin.com/tag/daas)
- [MaaS (1)](https://blog.hardfin.com/tag/maas)
- [actions (1)](https://blog.hardfin.com/tag/actions)
- [assets (1)](https://blog.hardfin.com/tag/assets)
- [business model examples (1)](https://blog.hardfin.com/tag/business-model-examples)
- [device-as-a-service (1)](https://blog.hardfin.com/tag/device-as-a-service)
- [eaas (1)](https://blog.hardfin.com/tag/eaas)
- [equipment-as-a-service (1)](https://blog.hardfin.com/tag/equipment-as-a-service)
- [finance (1)](https://blog.hardfin.com/tag/finance)
- [hardware financing (1)](https://blog.hardfin.com/tag/hardware-financing)
- [machine-as-a-service (1)](https://blog.hardfin.com/tag/machine-as-a-service)
- [metrics (1)](https://blog.hardfin.com/tag/metrics)
- [pricing (1)](https://blog.hardfin.com/tag/pricing)
- [product update (1)](https://blog.hardfin.com/tag/product-update)
- [sales tax (1)](https://blog.hardfin.com/tag/sales-tax)
- [solution definition (1)](https://blog.hardfin.com/tag/solution-definition)
- [tax (1)](https://blog.hardfin.com/tag/tax)

[See all](https://blog.hardfin.com/venture-capital-firms-that-focus-on-hardware-technology#)

Monthly

- [July 2026 (3)](https://blog.hardfin.com/archive/2026/07)
- [June 2026 (2)](https://blog.hardfin.com/archive/2026/06)
- [May 2026 (2)](https://blog.hardfin.com/archive/2026/05)
- [April 2026 (2)](https://blog.hardfin.com/archive/2026/04)
- [March 2026 (2)](https://blog.hardfin.com/archive/2026/03)
- [February 2026 (2)](https://blog.hardfin.com/archive/2026/02)
- [January 2026 (3)](https://blog.hardfin.com/archive/2026/01)
- [December 2025 (1)](https://blog.hardfin.com/archive/2025/12)
- [November 2025 (2)](https://blog.hardfin.com/archive/2025/11)
- [October 2025 (2)](https://blog.hardfin.com/archive/2025/10)
- [September 2025 (2)](https://blog.hardfin.com/archive/2025/09)
- [August 2025 (3)](https://blog.hardfin.com/archive/2025/08)
- [July 2025 (3)](https://blog.hardfin.com/archive/2025/07)
- [June 2025 (2)](https://blog.hardfin.com/archive/2025/06)
- [May 2025 (2)](https://blog.hardfin.com/archive/2025/05)
- [April 2025 (2)](https://blog.hardfin.com/archive/2025/04)
- [March 2025 (4)](https://blog.hardfin.com/archive/2025/03)
- [February 2025 (4)](https://blog.hardfin.com/archive/2025/02)
- [January 2025 (2)](https://blog.hardfin.com/archive/2025/01)
- [December 2024 (3)](https://blog.hardfin.com/archive/2024/12)
- [November 2024 (2)](https://blog.hardfin.com/archive/2024/11)
- [October 2024 (2)](https://blog.hardfin.com/archive/2024/10)
- [September 2024 (3)](https://blog.hardfin.com/archive/2024/09)
- [August 2024 (2)](https://blog.hardfin.com/archive/2024/08)
- [July 2024 (2)](https://blog.hardfin.com/archive/2024/07)
- [June 2024 (2)](https://blog.hardfin.com/archive/2024/06)
- [May 2024 (1)](https://blog.hardfin.com/archive/2024/05)
- [April 2024 (2)](https://blog.hardfin.com/archive/2024/04)
- [February 2024 (3)](https://blog.hardfin.com/archive/2024/02)
- [January 2024 (3)](https://blog.hardfin.com/archive/2024/01)
- [December 2023 (3)](https://blog.hardfin.com/archive/2023/12)
- [November 2023 (3)](https://blog.hardfin.com/archive/2023/11)
- [October 2023 (3)](https://blog.hardfin.com/archive/2023/10)
- [September 2023 (1)](https://blog.hardfin.com/archive/2023/09)
- [August 2023 (2)](https://blog.hardfin.com/archive/2023/08)
- [July 2023 (2)](https://blog.hardfin.com/archive/2023/07)
- [June 2023 (1)](https://blog.hardfin.com/archive/2023/06)
- [May 2023 (1)](https://blog.hardfin.com/archive/2023/05)
- [April 2023 (2)](https://blog.hardfin.com/archive/2023/04)
- [March 2023 (1)](https://blog.hardfin.com/archive/2023/03)
- [February 2023 (1)](https://blog.hardfin.com/archive/2023/02)

[See all](https://blog.hardfin.com/venture-capital-firms-that-focus-on-hardware-technology#)

### Subscribe to blog

#### Subscribe to updates

[Follow us on Twitter ](https://x.com/hardfinhq) [Follow us on LinkedIn ](https://www.linkedin.com/company/hardfin/)

 Solutions

- [Software platform](https://www.hardfin.com/platform)
- [Solutions by role](https://www.hardfin.com/teams)
- [Solutions by industry](https://www.hardfin.com/industries)
- [Advisory services](https://www.hardfin.com/solutions/advisory-services)

 Resources

- [Customer stories](https://www.hardfin.com/customer-stories)
- [Recent product releases](https://www.hardfin.com/product-releases)
- [Financial operations guide](https://www.hardfin.com/hardware-financial-operations-guide)
- [HaaS FAQs](https://www.hardfin.com/haas-faqs)
- [User guide](https://guide.hardfin.com/)
- [API documentation](https://docs.hardfin.com/)

[Get in touch](https://www.hardfin.com/company)

- [Contact us](https://www.hardfin.com/contact)
- [hello@hardfin.com](mailto:hello@hardfin.com)
- [+1 (415) 969-3100](https://www.hardfin.com/)

Copyright © 2026 Hardfin, Inc. [Privacy policy](https://www.hardfin.com/legal/privacy-policy). [Terms of service](https://www.hardfin.com/legal/terms-of-service).

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Zachary Kimball",
    "url" : "https://blog.hardfin.com/author/zachary-kimball"
  },
  "dateModified" : "2026-07-17T21:25:09.804Z",
  "datePublished" : "2024-04-26T20:58:13.000Z",
  "headline" : "Venture capital firms that focus on hardware technology",
  "image" : [ "https://blog.hardfin.com/hubfs/Hardfin-venture-capital-firms-that-focus-on-hardware.jpg" ],
  "mainEntityOfPage" : {
    "@id" : "https://blog.hardfin.com/venture-capital-firms-that-focus-on-hardware-technology",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : "https://blog.hardfin.com/hubfs/Hardfin%20Logo-Full%20color.png"
    },
    "name" : "Hardfin, Inc."
  }
}
```