mHUB Closes $15M Product Impact Fund I
mHUB, a Chicago, IL-based independent hardtech and manufacturing innovation center, closed its $15M mHUB Product Impact Fund I, LP.
The fund was raised across 79 limited partners, mainly individual investors and some institutions.
Led by Mark Tebbe, Israel Idonije, Steve Koch, Melissa Lederer, and Haven Allen, 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. It’s anticipated that the portfolio will be fully constructed by 2024 with its initial round of investments and will make follow-on investments up to $750k in select portfolio companies.
The fund’s current portfolio has companies developing solutions from carbon capture and thermal cooling to sepsis diagnostics and devices for remote monitoring of drug delivery.
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.
mHUB is the nation’s leading hardtech and manufacturing innovation center. We offer membership options, run accelerator programs and provide research and development services to ensure the manufacturing industry continues to accelerate, grow and thrive. Since launching in 2017, the mHUB community has generated more than $430M in revenue, launched more than 1,256 products, hired more than 2,153 employees, and raised nearly $702M in capital. The mHUB facility, located in Chicago, is 63,000 square feet and home to over 10 labs for prototyping and manufacturing. Labs include: 3D Printer Lab, Cold Metals Lab, Electronics Lab, Finishing Lab, Hot Metals Lab, Laser Cutting Lab, Plastics Lab, Testing Lab, Textiles Lab, Water Work Lab, and Woodworking Lab. There is more than $6 million of equipment and resources for members as well as over 5,000 square feet of event space.
When was mHUB founded?
Higlobe was founded in 2017
Who is the Founder of mHUB?
The non-profit 501(c)(3) organization opened on March 2, 2017, and was co-founded by Haven Allen, CEO, and Bill Fienup, Director of Innovation Services.
Is mHUB Hiring?
mHUB is hiring for program coordinator position,you can check their linkedin page.
What is the Team Size of mHUB?
As per the popular social media site LinkedIn, Higlobe has 108 employees.
Where is the Head Office of mHUB?
Higlobe is headquartered in 965 W Chicago Ave, Chicago, IL 60642, USA
How much is the revenue of mHUB?
mHUB has not publicly revealed the revenue in the last round of funding.
mHUB Closes $15M Product Impact Fund I. Congratulations to the entire team. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
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