Product Impact
Fund I.

mHUB’s Product Impact Fund I is a $15M venture fund that invests in seed and early-stage physical product and hardware companies with deployment from 2020 to 2023.

mHUB’s Product Impact Fund is designed to support the acceleration of early-stage hardtech innovation in the U.S. The fund intends to invest in 60 startups that participate in six sector-specific cohorts (i.e., 10 per cohort) of mHUB’s Accelerated Incubation program. The Fund expects to make an initial investment in each startup in the first IIoT cohort of $75,000 cash, and $56,750 for certain fees related to product development, resources and programming during a six-month highly structured incubation (with two full years of support) in exchange for 6.5% equity in each startup. The Fund also intends to reserve a portion of its capital for follow-on investments in a select set of the startups.

Invest with Us Contact Us

Meet the Partners

Haven Allen

CEO and Co-founder

  • Managing Partner

Israel Idonije

FBRK Impact House

  • Managing Partner

Steve Koch

Managing Director
Bowline Group

  • Managing Partner

Mark Tebbe


  • Managing Partner

James Perry

Managing Director & Co-Founder
Madison Dearborn Partners

  • Limited Partner Advisory Committee (LPAC) Member

Kevin Willer

Chicago Ventures

  • Limited Partner Advisory Committee (LPAC) Member

Michael Seedman

Executive Partner
Siris Capital

  • Limited Partner Advisory Committee (LPAC) Member