InventHub raises Seed funding round

InventHub, a collaborative electronics design platform with parts and design database and tools, has raised a Seed funding round, led by Pakistan’s Fatima Gobi Ventures, along with WalledCity Ventures, Taimur Rashid, and numerous angel investors. They join Draper University Ventures as the investors backing InventHub’s vision.

InventHub is a cloud-based, unified product data management solution that provides companies with faster release management and quality control of product design data. InventHub achieves this accelerated life-cycle management by implementing a smart BOM that evolves with the product. A supply chain integrated manufacturing hub and a dedicated library manager.

InventHub’s vision is to help usher in borderless development, which is increasingly becoming essential for post-pandemic life. They’re operating as a remote-first company, with a team of 15 consisting of a diverse group of passionate engineers and marketers, with a shared vision for the future of hardware tooling and the unrelenting drive to realize that vision. CEO Usama Abid leads the startup, an electrical engineer-turned-entrepreneur who previously founded DIY GEEKS and whose experience in building hardware products and working with hardware companies is what first planted the seeds eventually become InventHub.

InventHub is seeking to bring accelerated lifecycle management to hardware products. This round will help InventHub achieve a more robust and stable product as they scale and grow their customers and user-base while adding and refining features to the overall product that will eventually standardize hardware development processes.