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HAX Boost

North America, California, United States, San Francisco

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
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does HAX Boost frequently co-invest with?

GWC Innovator Fund
North America, California, United States, Santa Clara
Co-Investments: 1
SOSV
North America, New Jersey, United States, Princeton
Co-Investments: 32
UpHonest Capital
North America, California, United States, Palo Alto
Co-Investments: 1
500 Global
North America, California, United States, San Francisco
Co-Investments: 1
Ascension
Europe, England, United Kingdom, London
Co-Investments: 1
Ventech China
Asia, Shanghai, China, Shanghai
Co-Investments: 1
TURN8
Asia, Dubai, United Arab Emirates, Dubai
Co-Investments: 1
Backstage Capital
North America, California, United States, Los Angeles
Co-Investments: 1

Which angels does HAX Boost often collaborate with?

TD
Europe, Manchester, United Kingdom
Shared Deals: 1

What are some of recent deals done by HAX Boost?

Tinkamo

Shenzhen, Guangdong, China

Tinkamo is a modular STEM toys for the Chinese playschool market.

E-CommerceRetail
SeedApr 3, 2019
Somatic

New York, New York, United States

Somatic makes bathroom cleaning robots for commercial spaces like office buildings.

Artificial Intelligence (AI)Consumer ElectronicsRobotics
SeedJan 1, 2018
Revvo

San Francisco, California, United States

Revvo is integrated fitness testing and personal training system.

FitnessHealth CareInternet of Things
Convertible NoteAug 6, 2017
Amount Raised: $100,000
GoBone

Dallas, Texas, United States

GoBone is an entertainment device made for you and your dog. Automatically keep your pup active while you’re busy.

AppsConsumer ElectronicsGamingHardwareMobileSoftwareSports
Convertible NoteJun 14, 2017
Be Wear Wearable Technologies

Toronto, Ontario, Canada

We build wearables to impact the way people live their everyday lives!

HardwareInformation TechnologyWearables
Convertible NoteApr 5, 2017
Naran

San Francisco, California, United States

Naran is hard at work developing MicroBot Platform, a hardware and software ecosystem designed to bring users’ homes to life.

ComputerElectronicsInformation TechnologyInternetSoftware
Convertible NoteFeb 20, 2017
Backbone Labs, Inc.

San Mateo, California, United States

Identify at-risk behavior in the workplace and recommend actions to promote and maintain overall back-related wellness.

EnterpriseHealth CareHealth DiagnosticsInternet of Things
Convertible NoteFeb 7, 2017
Pixl Toys

San Francisco, California, United States

Pixl toys uses fun and imagination to inspire creativity, curiosity and active play.

AppsMobileMobile Apps
Convertible NoteFeb 3, 2017
LiLoE Labs

New York, New York, United States

LiLoE Labs is a retail company and has created Jeffrie, a modern mailbox for e-commerce shoppers.

E-CommerceElectronicsRetail
Convertible NoteJan 27, 2017
GogglePal

San Jose, California, United States

GogglePal is a universal mount heads-up display module designed for snow sports with augmented reality technology.

Augmented RealitySports
Convertible NoteJan 23, 2017