HWTrek, a Taipei-based platform that connects hardware startups with manufacturers and other resources, has scored a $4 million Series A. The funding was led by WI Harper and ITIC. Legend Star Capital (the investment arm of Legend Holdings, Lenovo’s parent company), Chinese e-commerce platform JD.com, and Tokyo venture capital firm Global Brain also participated.
The new capital will allow HWTrek to work with more entrepreneurs and establish additional manufacturing and distribution channels in Japan and China, where HWTrek plans to open a new office in Shenzhen. More 2,500 developers and startups have used the cloud-based platform so far to manage tasks and find collaborators for 850 projects. The companies HWTrek has worked with include Keen Home, Choose Blocks, and Meta.
This article by Catherine Shu was published on TechCrunch, read more here.
