mHUB Innovation Center Closes $15M Venture Fund for Early-Stage HardTech and Physical Product Startups
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Wednesday, September 7, 2022
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CHICAGO, Sept. 7, 2022 /PRNewswire-PRWeb/ -- mHUB, a leading independent hardtech and manufacturing innovation center, announces the closing of its $15M mHUB Product Impact Fund I, LP (the "mHUB Product Impact Fund"). The fund was raised across 79 limited partners, mainly individual investors and some institutions. The mHUB Product Impact Fund is currently investing in seed and early-stage hardtech companies accepted into the six-month mHUB accelerator program and has constructed half its portfolio with 26 investments to date.
Key Points:
- mHUB has raised over $15M for its Product Impact Fund I, which invests in hardtech startups focused on climate and energy, medical devices, and smart manufacturing.
- CHICAGO, Sept. 7, 2022 /PRNewswire-PRWeb/ -- mHUB , a leading independent hardtech and manufacturing innovation center, announces the closing of its $15M mHUB Product Impact Fund I, LP (the " mHUB Product Impact Fund ").
- The mHUB Product Impact Fund is currently investing in seed and early-stage hardtech companies accepted into the six-month mHUB accelerator program and has constructed half its portfolio with 26 investments to date.
- The mHUB Product Impact Fund received early support from the U.S. Department of Commerce Economic Development Administration through the Regional Innovation Strategies (RIS) Program.