
HAX Boost
Description
HAX, a prominent hardware accelerator under the global venture capital firm SOSV, is dedicated to transforming early-stage hardware startups into successful, market-ready businesses. Operating primarily from San Francisco and with strong ties to manufacturing hubs like Shenzhen, HAX offers an intensive program designed to accelerate product development, manufacturing, and market entry for innovative hardware solutions. The program targets companies across diverse sectors, including robotics, health tech, industrial IoT, consumer electronics, and sustainable technologies, providing comprehensive support from engineering and supply chain management to design and go-to-market strategies.
The typical investment from HAX is an initial check of $250,000, provided in exchange for a 7-10% equity stake. This investment is coupled with access to HAX's extensive network of mentors, industry experts, and manufacturing partners, as well as hands-on support during their rigorous six-month accelerator program. Beyond the initial funding, companies participating in HAX also gain the potential for significant follow-on investment from SOSV, which has a track record of deploying substantial capital into its most promising portfolio companies. This structured approach aims to de-risk hardware development and expedite the path to commercialization, helping founders navigate the complexities of hardware production and scaling.
HAX has established itself as a critical player in the global hardware ecosystem, having supported over 250 companies since its inception. Its portfolio includes numerous success stories that have gone on to raise significant follow-on rounds and achieve substantial market traction. By focusing on the unique challenges of hardware startups, HAX provides a vital bridge between innovative ideas and scalable production, fostering the growth of companies that are poised to make a tangible impact across various industries. The program's emphasis on turning "teams with hardware products into cash cows" underscores its commitment to building sustainable and profitable businesses.
Investor Profile
HAX Boost has backed more than 33 startups, with 0 new investments in the last 12 months alone. The firm has led 0 rounds, about 0% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Convertible Note, Pre Seed rounds (top funding stages).
- Majority of deals are located in United States, United Kingdom, Canada.
- Strong thematic focus on Consumer Electronics, Internet of Things, Software.
- Typical check size: $250K.
Stage Focus
- Seed (64%)
- Convertible Note (33%)
- Pre Seed (3%)
Country Focus
- United States (70%)
- United Kingdom (9%)
- Canada (6%)
- Hong Kong (6%)
- China (3%)
- France (3%)
- Australia (3%)
Industry Focus
- Consumer Electronics
- Internet Of Things
- Software
- Hardware
- Electronics
- Wearables
- Apps
- Internet
- Mobile Apps
- Health Care
Frequently Asked Questions
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