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In previous years, we’ve published an infographic of the most active investors in hardware. This year, we’re trying something new and publishing a more comprehensive spreadsheet, along with a primer video on raising early stage venture funding. If you’re working on a business that includes hardware and thinking about raising venture capital, check out the video and spreadsheet below. For more context on recent hardware startup investment trends, see a breakdown here.
Venture funding primer for early stage hardware startups
Video run time: 20 minutes. Download a pdf of this talk here or download the video here.
The Most Active Hardware Startup Investors
![](https://blog.bolt.io/wp-content/uploads/2019/06/da744-1qsyeufvyi0xtry6lmpze3g.png)
Each spreadsheet is ranked in rough order by number of investments in hardware. Note that a venture firm’s number of hardware investments isn’t always indicative of their focus on the sector. For example, A16Z has done 50% more hardware deals than Lux Capital. However, we’d classify less than 8% of A16Z’s portfolio as “hardware” but over 25% of Lux Capital’s deals as such. Criteria for inclusion on this list is greater than five investments we’d consider “hardware”. This is by no means a definitive list, but we hope highlights some of the most active investors in the category
I’m sure we’ve missed a number of funds. If you’d like to be added to this spreadsheet, please fill out this form or drop me a note. Also, there are a number of other great fundraising spreadsheets. See: VC Funds below 200M (credit: Shai Goldman), Investors in Europe (credit: Techstars), NYC VC Finder (credit: Bloomberg Beta), LA/Socal Investors (credit: Greg Bettinelli)
Bolt invests at the intersection of the digital and physical world.