Building a hardware company presents unique challenges, and the right financial partner is often essential. These investors offer more than just money; they bring experience in turning tangible ideas into lasting companies.
Many firms are actively funding hardware founders. Plug and Play, for example, has made over 2,200 investments, while Benchmark has seen nearly 200 of its companies exit.
Below is our list of the best 46 Hardware VC firms.
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Buy It For $97 $297 →Plug and Play operates a global innovation platform and accelerator, connecting early-stage startups with corporations and investors across a multitude of industries. They help these new ventures scale by fostering strategic partnerships and have backed successful companies like Honey, Truebill, and Life360.
| Headquarters | Sunnyvale, California, United States |
| Year Founded | 2006 |
| Founders | Ali Safavi, Jackie Hernandez, Jojo Flores, Saeed Amidi |
| Total Funding | $45.5M |
| Average Check Size | $250k |
| Industries | DTC, Enterprise, Fintech, Food & Beverage, Healthcare, InsurTech, IoT, Media, Transportation, Hardware, Proptech & Real Estate, Supply Chain & Logistics, Climate & Sustainability, Travel & Hospitality, Agriculture, Energy |
| Investment Stage | Early Stage, Non Equity Assistance, Private Equity, Seed, Series A, Series B, Series C |
| Nº of Investments | 2273 (259 as Lead Investor) |
| Nº of Exits | 206 (11 IPO'd) |
| Top Portfolio Startups | Truebill, Honey, Life360 |
| Contact | press@pnptc.com / +1 408-524-1400 |
Benchmark partners with early-stage entrepreneurs in mobile, marketplaces, and enterprise software to help build their startups into transformational companies. The firm's hands-on approach from its general partners has helped launch iconic brands like Uber, Twitter, Instagram, and eBay.
| Headquarters | San Mateo, California, United States |
| Year Founded | 1995 |
| Founders | Andy Rachleff, Bob Kagle, Kevin Harvey |
| Total Funding | $2.5B |
| Average Check Size | $15M |
| Industries | Cybersecurity, Hardware, Social, Marketplace, Cloud, Consumer, DTC, Infrastructure, SaaS |
| Investment Stage | Early Stage, Late Stage, Post-Ipo, Seed |
| Nº of Investments | 727 (244 as Lead Investor) |
| Nº of Exits | 197 (51 IPO'd) |
| Top Portfolio Startups | Twitter, Wework, Snap Inc |
Lux Capital backs founders at the intersection of science and technology, investing from seed to growth stages in fields like AI, robotics, and biotech. Their team draws on experience building over 20 companies from scratch to provide hands-on support, helping entrepreneurs turn complex ideas into industry-leading businesses.
| Headquarters | New York, New York, United States |
| Year Founded | 2000 |
| Founders | Josh Wolfe, Peter Hebert, Rob Paull |
| Total Funding | $1.5B |
| Industries | Deep Tech & Hard Science, Robotics, Manufacturing, AI & ML, Biotech, Infrastructure, Energy, Fintech, Hardware, AR & VR, Transportation, Crypto & Blockchain, Aerospace & Space |
| Investment Stage | Debt, Early Stage, Late Stage, Private Equity, Seed |
| Nº of Investments | 569 (162 as Lead Investor) |
| Nº of Exits | 68 (17 IPO'd) |
| Top Portfolio Startups | Lumafield, Drone Racing, Novig |
| Contact | info@luxcapital.com / 646-349-2960 |
Known for its risk-taking and flexible approach, Spark Capital invests in creative founders building exceptional products across all sectors. This philosophy has led them to back some of the most recognizable technology companies, including Twitter, Discord, Oculus, and Warby Parker.
| Headquarters | San Francisco, California, United States |
| Year Founded | 2005 |
| Founders | Alex Finkelstein, Bijan Sabet, Paul Conway, Santo Politi, Todd Dagres |
| Total Funding | $3.8B |
| Average Check Size | $25M |
| Industries | Consumer, Crypto & Blockchain, Enterprise, Hardware, Fintech, Marketplace |
| Investment Stage | Debt, Early Stage, Late Stage, Seed, Pre-Seed, Series A |
| Nº of Investments | 614 (307 as Lead Investor) |
| Nº of Exits | 111 (20 IPO'd) |
| Top Portfolio Startups | Coinbase, Twitter, Wayfair |
| Contact | contactus@sparkcapital.com / 415-593-9002 |
Blackbird invests in ambitious Australasian founders with wild ideas right from the beginning, supporting projects from software to space technology. They have helped build some of the region's most successful companies, including the global design platform Canva.
| Headquarters | Sydney, New South Wales, Australia |
| Year Founded | 2012 |
| Founders | Andrea Butler, Bhavesh Nathoo, Bill Bartee, Claire Waring, Larry Marshall, Niki Scevak, Richard Baker |
| Total Funding | $791.7M |
| Average Check Size | $7M |
| Industries | Enterprise, Deep Tech & Hard Science, Healthcare, Hardware, Education, Consumer |
| Investment Stage | Early Stage, Late Stage, Seed, Growth, IPO |
| Nº of Investments | 338 (141 as Lead Investor) |
| Nº of Exits | 24 (1 IPO'd) |
| Top Portfolio Startups | Redbubble, Zoox, Lifx |
| Contact | contact@blackbird.vc |
Lerer Hippeau provides seed-stage capital to entrepreneurs building ambitious companies across the enterprise and consumer sectors. As experienced operators, they offer hands-on support from the earliest stages and have backed iconic companies like Allbirds, K Health, and Blockdaemon.
| Headquarters | New York, New York, United States |
| Year Founded | 2010 |
| Founders | Ben Lerer, Eric Hippeau, Ken Lerer |
| Total Funding | $667.8M |
| Industries | Big Data & Analytics, Cybersecurity, E-Commerce, Education, Health & Wellness, Crypto & Blockchain, Fintech, Food & Beverage, Future of Work, Productivity, Hardware, Robotics, Healthcare, Marketing, Media, Entertainment, Proptech & Real Estate, Supply Chain & Logistics |
| Investment Stage | Convertible Note, Debt, Early Stage, Late Stage, Seed, Pre-Seed, Series A, Series B |
| Nº of Investments | 682 (119 as Lead Investor) |
| Nº of Exits | 174 (8 IPO'd) |
| Top Portfolio Startups | Blockdaemon, K Health, Allbirds |
| Contact | contact@lererhippeau.com |
First Round Capital helps technology entrepreneurs build companies from scratch, backing iconic names like Uber, Square, and Warby Parker from their earliest seed stage. They go beyond funding by offering a strong community, custom software, and unique services designed to help tiny companies grow into major players.
| Headquarters | Philadelphia, Pennsylvania, United States |
| Year Founded | 2004 |
| Founders | Howard Morgan, Josh Kopelman, Todd Jackson |
| Total Funding | $738M |
| Average Check Size | $4M |
| Industries | Consumer, Enterprise, Fintech, Healthcare, Hardware |
| Investment Stage | Debt, Early Stage, Late Stage, Seed, Series A |
| Nº of Investments | 976 (226 as Lead Investor) |
| Nº of Exits | 222 (16 IPO'd) |
| Top Portfolio Startups | Uber, Ring, Planet |
| Contact | info@firstround.com / (415) 646-0072 |
Correlation Ventures uses an analytics-based process to co-invest in funding rounds, offering entrepreneurs a quick and reliable decision. Their broad portfolio covers multiple industries and stages, and includes successful companies like the fintech platform Upstart.
| Headquarters | San Diego, California, United States |
| Year Founded | 2006 |
| Founders | David Coats, Trevor Kienzle |
| Total Funding | $360M |
| Average Check Size | $4M |
| Industries | Aerospace & Space, Biotech, Consumer, Healthcare, Hardware, Energy, Fintech, Industrial, Proptech & Real Estate, SaaS |
| Investment Stage | Early Stage, Late Stage, Seed, Series A, Growth |
| Nº of Investments | 410 (7 as Lead Investor) |
| Nº of Exits | 88 (12 IPO'd) |
| Top Portfolio Startups | Zebit, Virsto, Upstart |
| Contact | info@correlationvc.com / 650-353-3327 |
As a team of former entrepreneurs, Breega backs early-stage founders across Europe and Africa who are building in the Digital, Climate, and Deep Tech sectors. They provide hands-on operational support through an in-house Scaling Squad, helping portfolio companies like Exotec and Moneybox with hiring, sales, and marketing.
| Headquarters | Paris, Ile-de-France, France |
| Year Founded | 2013 |
| Founders | Ben Marrel, Francois Paulus, Maximilien Bacot |
| Total Funding | €465M |
| Average Check Size | €15M |
| Industries | Advertising, Agriculture, Consumer, Cybersecurity, Fintech, Hardware, Healthcare, IoT, Human Resources, InsurTech, Supply Chain & Logistics, Marketing, Productivity, Mobility, Proptech & Real Estate, Quantum Computing |
| Investment Stage | Convertible Note, Early Stage, Seed, Series A |
| Nº of Investments | 134 (97 as Lead Investor) |
| Nº of Exits | 17 |
| Top Portfolio Startups | WayKonect, Ponicode, Lylo |
| Contact | com@breega.com / +33 7 67 41 36 24 |
Kindred Capital backs pre-seed and seed stage founders building companies across enterprise, consumer, and deep tech. Through its equitable venture model, every founder becomes a co-owner of the fund, aligning success across the entire portfolio.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2015 |
| Founders | Leila Zegna, Mark Evans, Russell Buckley, Tracy Doree |
| Total Funding | £195.9M |
| Average Check Size | £1.5M |
| Industries | SaaS, Hardware, Marketplace, Deep Tech & Hard Science, Enterprise, Consumer |
| Investment Stage | Seed, Pre-Seed |
| Nº of Investments | 100 (32 as Lead Investor) |
| Nº of Exits | 10 |
| Top Portfolio Startups | Fung Payments, Pollen, M3ter |
| Contact | hello@kindredcapital.vc / +44 7540058532 |
36 Additional Hardware VC Firms Worth Pitching
Beyond our main selections, there are many other active investors building the future of hardware. Together, these firms have backed over 8,300 startups and guided almost 1,600 to an exit.
These investors are spread across the world, from the United States and Europe to Asia. Here’s a look at the other venture capital firms funding what's next in hardware.