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mHUB
mHUB is an innovation center for physical product development and HardTech. It is where people come to build the physical technologies that will change the...
mHUB
mHUB is an innovation center for physical product development and HardTech. It is where people come to build the physical technologies that will change the physical world, through prototyping labs, industry partnerships, and a commitment to U.S. manufacturing. The mHUB startup community has raised over $2.B in capital and launched over 1,700 products, and mHUB supports startups across sectors including medical devices, energy, sustainability, and smart manufacturing.
General information
Firm type
Venture Capital
Year founded
2017
Location
Region
North America
Country
United States
City
Chicago
Corporate office
1623 W Fulton Street, Chicago, IL 60612, United States
Principals
Haven Allen
CEO & Co-founder
Bill Fienup
VP of Innovation Services & Co-founder
Jason Coleman
Executive Director, mHUB Incubator
Ryan Fant
Executive Director, mHUB Accelerator
Melissa Lederer
Chief Experience Officer
Manas Mehandru
Chief Operating Officer
Sector focus
Frequently asked questions
Who runs investment decisions at mHUB?
Co-founder and CEO Haven Allen leads mHUB's overall strategy, with Bill Fienup overseeing innovation services as co-founder. The venture capital arm does not publicly name an investment committee, but executive directors Ryan Fant, Thierry Van Landegem, and Monica Vajani manage the accelerator programs that feed the investment pipeline. No external investment partners are disclosed.
How does mHUB source proprietary deal flow?
mHUB sources deal flow through its 60,000-member ecosystem — startups apply to the hands-on accelerator, which vets physical product companies through prototyping milestones and engineering diligence. The firm's in-house prototyping labs and micro-factory allow mHUB to assess hardtech companies at the component level, well before most venture firms can evaluate technical feasibility.
Does mHUB participate in fund commitments or only direct deals?
mHUB's venture capital arm makes direct seed and early-stage investments in hardtech startups, not fund commitments. The firm does not disclose LP positions in external funds. The accelerator and incubator programs serve as the primary funnel for direct investments, supplemented by corporate innovation partnerships that co-develop and pilot alongside industry.
What investment stages does mHUB typically target?
mHUB targets seed and early-stage startups, with an accelerator program that propels new product development and commercialization. The firm also supports growth-stage companies within its ecosystem, but the core investment activity centers on pre-revenue and early-revenue hardtech companies that require prototyping and manufacturing scale-up.
How is mHUB related to U.S. manufacturing policy or government initiatives?
mHUB is located in a designated Opportunity Zone and HUBZone, and actively advocates for U.S. manufacturing competitiveness. The firm partners with industry and government on workforce development and economic initiatives but is independently operated. The new innovation center acquisition in 2023 was funded without disclosed public grants.
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