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Incubator/Accelerator
BUSINESS PRODUCTS & SERVICES | Education & Training (business)
mhubchicago.com

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Investments

129

Funds

2

Partners & Customers

3

About mHUB

mHUB is a mission-driven 501 (c) 3 organization designed to support the future economy through the fostering of ideas into sustainable businesses and the development of talent. As a leading physical product and manufacturing innovation center in the U.S., mHUB is dedicated to supporting startups and businesses by creating the conditions for product innovation to thrive. It offers a six-month acceleration program focused on hardtech product development and commercialization.

mHUB Headquarter Location

965 W. Chicago Ave

Chicago, Illinois, 60642,

United States

312-270-0391

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mHUB Web Traffic

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Page Views per Million (PVPM)
Reach per Million (RPM)
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mHUB Rank

Latest mHUB News

Initial Investments Announced by Avnet and Panduit - mHUB

Mar 30, 2022

Published on September 28, 2021 Corporate partners Avnet and Panduit have identified which cohort technologies best align with their particular business strategies and innovation pipelines and have announced initial investments. August marked the halfway point of the mHUB Industrial IoT accelerator that welcomed nine startups to Chicago in May. This milestone was met with a corporate pitch event that engaged program sponsors Avnet and Panduit as they neared an announcement of initial investments into select teams. Avnet and Panduit have spent valuable time learning about and supporting the nine startups, from the very early stage of reviewing applicants for acceptance into the program. Since May they have conducted workshops, hosted site visits, and acted as mentors to each team. By midway in the mHUB accelerator program, startups have tackled customer validation and product feasibility. They are identifying initial customers and pilot programs, building business models, and moving towards active fundraising. At this stage, corporate partners Avnet and Panduit have identified which technologies best align with their particular business strategies and innovation pipelines and announced initial investments soon after the corporate pitch event in August. Avnet announced that it will invest in Stroma, a company building computer vision models to understand human physiology in industrial settings in order to stop preventable accidents, and Compocket, a company reimagining test and measurement devices by creating software-centric pocket-sized IoT solutions. “Avnet is excited to provide both Stroma and Compocket with design advice and sourcing support as they maneuver through the complex challenges of product innovation and development,” said Jim Beneke , vice president of engineering and technology, Avnet. “By leveraging the expertise of our field application engineers, these two startups will be able to bring even more comprehensive solutions to support worker safety and accuracy in the industrial and IoT spaces.” Panduit announced that it will invest in Third Wave, a company building a customizable, low-code IoT platform to rapidly deploy end-to-end wearable solutions that use long-range, low power connectivity, and also Stroma (mentioned above). “With their innovative solutions, we see tremendous potential to enhance worker safety within the industrial setting,” said Brett Lane , Chief Technology Officer for Panduit. “We’re excited to partner with these startups to deliver compelling new products that leverage our collective expertise.” All nine industrial IoT startups were recognized for their impressive technologies and solutions, which they will pitch to venture capital in November at the end of the mHUB accelerator program. mHUB congratulates Stroma, Compocket and Third Wave and looks forward to sharing similar announcements in the future as all program participants uncover investment opportunities and enter into exciting relationships that will continue to propel them beyond the program. Latest Insights

mHUB Investments

129 Investments

mHUB has made 129 investments. Their latest investment was in NovaXS Biotech as part of their Seed VC on March 3, 2022.

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mHUB Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/31/2022

Seed VC

NovaXS Biotech

$1.5M

Yes

1

5/17/2021

Bridge

Stroma

$0.13M

No

1

5/6/2021

Incubator/Accelerator - III

Stroma

Yes

1

5/6/2021

Incubator/Accelerator

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10

5/6/2021

Incubator/Accelerator

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10

Date

3/31/2022

5/17/2021

5/6/2021

5/6/2021

5/6/2021

Round

Seed VC

Bridge

Incubator/Accelerator - III

Incubator/Accelerator

Incubator/Accelerator

Company

NovaXS Biotech

Stroma

Stroma

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Amount

$1.5M

$0.13M

New?

Yes

No

Yes

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Co-Investors

Sources

1

1

1

10

10

mHUB Fund History

2 Fund Histories

mHUB has 2 funds, including mHUB Product Impact Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/27/2020

mHUB Product Impact Fund I

$5M

2

Accelerate Impact Fund

$99M

10

Closing Date

8/27/2020

Fund

mHUB Product Impact Fund I

Accelerate Impact Fund

Fund Type

Status

Amount

$5M

$99M

Sources

2

10

mHUB Partners & Customers

3 Partners and customers

mHUB has 3 strategic partners and customers. mHUB recently partnered with Omron on March 3, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

3/31/2022

Partner

Japan

3

10/24/2018

Partner

United States

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10

5/31/2018

Partner

United States

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10

Date

3/31/2022

10/24/2018

5/31/2018

Type

Partner

Partner

Partner

Business Partner

Country

Japan

United States

United States

News Snippet

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Sources

3

10

10

mHUB Team

4 Team Members

mHUB has 4 team members, including current Founder, Chief Executive Officer, Haven Allen.

Name

Work History

Title

Status

Haven Allen

Founder, Chief Executive Officer

Current

Bill Fienup

Founder

Current

Krzysztof Gajór

Chief Executive Officer

Current

Manas Mehandru

UL, and Aptiv

Chief Operating Officer

Current

Name

Haven Allen

Bill Fienup

Krzysztof Gajór

Manas Mehandru

Work History

UL, and Aptiv

Title

Founder, Chief Executive Officer

Founder

Chief Executive Officer

Chief Operating Officer

Status

Current

Current

Current

Current

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