Tariffs changed the math on U.S. manufacturing in 2026. Companies that spent years offshoring production are now scrambling to build domestic capacity. That created a massive opportunity for manufacturing startups - if you can find investors who actually understand hardware economics.
Most software VCs don't get manufacturing. Long development cycles, capital intensity, supply chain complexity - these aren't bugs in the model, they're features. You need investors who've actually built physical products before.
The investors below closed manufacturing deals from 2023 through November 2025. Some focus on early-stage automation. Others write growth checks for advanced materials. A few only do robotics. Know the difference before you waste three months on the wrong pitch.
Eclipse Ventures: Co-led Genesis AI's $105M seed in July 2025 for universal robotics foundation model.
Lightspeed Venture Partners: Backed Castelion's $350M Series B in July 2025 for defense manufacturing systems.
SOSV (HAX): Partnered with Princeton and NJEDA in June 2025 on $49M plasma manufacturing center.
Anzu Partners: Acquired ExOne and Voxeljet in 2026, combining them into ExOne Global Holdings for industrial 3D printing.
Khosla Ventures: Co-led Genesis AI's $105M seed in July 2025 for general-purpose robotics.
Bee Partners: Pre-seed investor in manufacturing automation and robotics, writing first checks to deeptech founders.
Altimeter Capital Management: Co-investor in Castelion's $350M Series B for defense manufacturing in July 2025.
Applied Ventures: Corporate VC from Applied Materials backing semiconductor manufacturing and materials science.
Bessemer Venture Partners: Multi-stage investor with portfolio companies in industrial automation and manufacturing software.
Accel: Growth-stage investor backing industrial tech startups scaling manufacturing operations.
Sequoia Capital: Late-stage investor in manufacturing technology companies with proven traction.
Alumni Ventures: Diversified VC backing manufacturing startups through alumni networks and focused funds.
General Catalyst: Multi-stage investor in industrial technology and manufacturing automation.
Draper Associates: Seed-stage investor backing manufacturing hardware and robotics startups.
Innova Memphis: Pre-seed and seed investor focused on manufacturing, agtech, and biotech in Tennessee.
Ironspring Ventures: Early-stage Austin-based VC focused on digital industrial sectors including manufacturing.
DCVC: Deep tech investor backing transformational manufacturing and materials science companies.
Bpifrance: French sovereign fund backing manufacturing and industrial technology globally.
Experience: Find investors who've backed companies through hard pivots when your initial manufacturing process doesn't scale. Software investors freak out when you need 18 months for tooling validation.
Network: Ask if they can intro you to contract manufacturers in Asia or automation integrators in the Midwest. Generic "we know everyone" claims are useless without specific facility contacts, especially when evaluating real professional services support.
Alignment: Seed investors often don't understand Series B burn rates. Growth investors won't touch you until you hit $10M ARR. Make sure they've funded similar business models at your stage before—review how they handled sensitive docs and whether they required you to password-protect files.
Track record: Check if their portfolio companies raised follow-on rounds. Dead portfolio companies are a red flag, especially in capital-intensive hardware. Also look at founder reviews and whether any cited GDPR sharing mistakes during diligence.
Communication: Use Ellty to share your deck with trackable links. You’ll see who actually opens your financial projections vs. just skimming the intro, making it easy to track investor activity.
Value-add: Ask what operational support they provide during supply chain crises. Most say they have manufacturing expertise - press for specifics like "which CM did you help your last portfolio company negotiate with."
Identify potential investors: Research recent deals on Crunchbase for your specific subsector. Robotics investors won't fund materials science, no matter how good your pitch is.
Craft a compelling pitch: Show your manufacturing cost curve and how it improves with scale. Investors are tired of "we'll figure out production later" without actual CM quotes—details you should keep clean and properly formatted before you send the deck.
Share your pitch deck: Upload to Ellty and send trackable links. Monitor which pages investors spend time on - if they skip your unit economics, that's useful information.
Utilize your network: Message portfolio founders on LinkedIn and ask about response times and actual value-add during their last factory audit. Most will be honest.
Attend networking events: MFG Summit and RoboBusiness are where manufacturing deals actually happen. Skip the small local startup events unless they attract serious early-stage startup investors.
Engage on online platforms: Connect with partners on LinkedIn after you've been introduced by a portfolio founder. Cold DMs rarely work in hardware.
Organize due diligence: Set up an Ellty data room with your financial model, cap table, and supplier contracts before they ask. It speeds up the process.
Set up introductory meetings: Lead with your manufacturing innovation and current production status. Don't waste 20 minutes on TAM slides they've seen 100 times.
U.S. tariffs introduced friction into cross-border dealmaking in 2026, widening bid-ask spreads and stalling transactions with international exposure PwCIndustry Today. That pushed more capital into domestic manufacturing.
Strategic buyers and investors doubled down on automation, defense, and energy transition - sectors where policy support and resilience drive premium valuations PwCIndustry Today. The labor shortage isn't getting better. Manufacturing automation went from nice-to-have to survival requirement.
Leads early and growth-stage rounds for companies solving physical industry problems through automation and AI.
Multi-stage investor backing enterprise, fintech, and industrial technology globally.
Pre-seed deep tech investor operating startup development programs for hardware and life sciences.
Industrial technology investor providing capital and operational expertise to manufacturing and cleantech companies.
Venture capital firm focused on AI, sustainability, and transformative industrial technology.
Pre-seed deep tech investor writing first checks to founders building AI, robotics, and manufacturing technology.
Growth-stage investor backing technology companies scaling operations.
Corporate venture arm of Applied Materials backing semiconductor and manufacturing technology.
Multi-stage investor backing enterprise and industrial technology companies globally.
Global venture capital firm investing in technology companies from seed to growth stage.
Venture capital firm backing transformative technology companies across stages.
Diversified venture capital firm providing access to startup investments through alumni networks.
Multi-stage venture capital firm backing transformative technology companies.
Seed-stage venture capital firm backing technology entrepreneurs.
Pre-seed and seed investor focused on biosciences, technology, and agtech in Tennessee.
Early-stage venture capital firm focused on digital industrial sectors.
Deep tech venture capital firm backing transformational science and technology companies.
French sovereign investment bank backing innovation and industrial companies globally.
These 18 investors closed deals from 2023 to 2026. Before you start reaching out, set up proper tracking.
Upload your deck to Ellty and create a unique link for each investor. You'll see exactly which slides they view and how long they spend on your financials. Most founders are surprised to learn investors skip their market size slides but spend 5+ minutes on unit economics.
When investors ask for more materials, share an Ellty data room instead of messy email threads. Your cap table, financial model, and supplier contracts in one secure place with view analytics.
How do I know if an investor is still active in manufacturing? Check their recent deals on Crunchbase or their portfolio page. If their last manufacturing investment was 3+ years ago, they've probably shifted focus. Look for 2024-2026 deals.
Should I cold email manufacturing investors or get introductions? Introductions through portfolio founders work better. Cold emails to hardware investors have sub-5% response rates unless you have extraordinary traction.
What's the difference between seed and Series A manufacturing investors? Seed investors expect you're still in prototyping or pilot production. Series A investors want to see you've manufactured at least 1,000 units and have proven unit economics.
How many investors should I reach out to for a manufacturing round? 50-100 for seed rounds, 30-50 for Series A. Manufacturing deals take 6-12 months to close, longer than software. You need a bigger pipeline.
When should I set up a data room for manufacturing diligence? Before your first investor meeting. Manufacturing due diligence is intense - they'll want supplier contracts, quality control processes, and detailed cost breakdowns immediately.
Do investors actually care about pitch deck analytics? Yes. If they spend 10 minutes on your deck but skip your manufacturing section entirely, that tells you they're not serious about hardware. It saves you time.