Company Focused Market Research Report

Company Overview

• Name: HAX

• Mission of the Company: HAX is committed to supporting deep tech founders by providing multi-stage investment to pre-seed hard tech startups focused on sustainability in climate, industrial automation, and human health.

• Founded: HAX was launched in 2012.

• Key People:

• Duncan Turner, General Partner, SOSV & Managing Director, HAX

• Cyril Ebersweiler, General Partner, SOSV & Managing Director, HAX

• Susan Schofer, Partner & Chief Science Officer, HAX

• Ji Ke, Partner & CTO, HAX

• Headquarters: Newark, New Jersey, USA

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: HAX is recognized as the world’s first and most active program focused on pre-seed, hard tech startups, with substantial impact on global sustainability efforts, especially in climate tech and automation.

Products

• Product Offering: HAX offers an investment package and support program to startups.

• Description: HAX provides a 6-month collaborative residency, hands-on engineering support, and an initial investment package of $500,000 focused on real-world product development, manufacturing, and fundraising for pre-seed startups.

• Key Features:

• Extensive fabrication capabilities including manual metal fabrication, CNC machining, laser and water-jet cutting.

• Global mentor network supporting design, engineering, and market strategy.

• Access to diverse ecosystems for product development and manufacturing.

Recent Developments

• Recent Developments:

• In 2021, HAX secured $25 million from the state of New Jersey to establish a facility in Newark.

• Hosting HAX's SF Demo Day on September 11, 2024, showcasing 24 new startups.

• Opening a new flagship office in Newark, NJ, in April 2024.

• Recent Products/Services/Partnerships:

• Announced a $306 million Deep Tech Fund by SOSV for Human and Planetary Health.

• Mesa Quantum received $1.9M Space Force grant for their GPS alternative and $3.7M in seed funding.

• Cocoon raised $5.4M to develop a sustainable cement alternative.

Additional Noteworthy Information

• Programs & Initiatives:

• SOSV Climate Tech Summit and VC-Founder Matchup promote collaboration between founders and investors.

• Impact: Since 2012, HAX graduates have collectively raised nearly $2 billion, valued over $8 billion.

• Community: HAX is part of a global community including thousands of engineers, designers, and entrepreneurs.