Article
12 min read
Fund the Whole Phase, or Don't Start It
Why programmes that raise only to the next gate stall there, what a development phase costs, and how factories treat stop-start customers.
- funding
- hardware startups
- npi
- manufacturing
Insights
Hardware is fundable again, but under different labels and against different evidence than in the last cycle. These pieces cover how the money actually moves: which demand signals a serious investor treats as real, why the deep tech rebrand changed who gets funded, and why a round sized to reach the next gate tends to stall at it. The recurring argument is that evidence and money have to be sequenced together, because a hardware programme cannot pause cheaply.
Article
12 min read
Why programmes that raise only to the next gate stall there, what a development phase costs, and how factories treat stop-start customers.
Article
12 min read
How to test demand for a connected product in 2026, which signals count, and why a working prototype stopped being evidence.
Article
12 min read
How hardware startups get funded in 2026: the deep tech rebrand, what a seed has to prove, and the European stack outside VC.
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