# Crowd Supply

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crowd-supply

- Industry: Financial Services
- Headquarters: Portland, US
- Website: www.crowdsupply.com
- Total disclosed funding: $2M
- Latest round: Seed (Jun 2, 2015)
- Investors on record: 3

## About

Crowd Supply, Inc. facilitates innovative hardware development through crowdfunding, enabling engineers and hobbyists to bring open-source technology projects to life.Founded in 2012 in Portland, US, Crowd Supply, Inc. specializes in open-source hardware, connecting creators with backers. The company has raised a total of USD 0.940 mn in funding through three deals, including a Seed round in June 2015 led by Inspiration Ventures, Portland Seed Fund, and SOSV. The founder, Scott Torborg, has previously engaged in technology ventures, contributing to the company's vision and growth.Crowd Supply specializes in developing and distributing open-source hardware products, focusing on innovative electronics that cater to engineers, hobbyists, and educational institutions. Their product offerings include high-performance audio and sensor systems, low-power GPS vehicle trackers, USB-to-serial adapters, software-defined radios, and open-source laptops. These products are designed to facilitate creative applications in fields such as robotics, virtual reality, and environmental monitoring. The company has successfully delivered solutions to a diverse customer base across 56 countries, including markets in Europe, North America, and Asia, addressing the needs of individuals and organizations seeking customizable and privacy-focused technology.Crowd Supply operates on a crowdfunding model, allowing customers to pre-order products or back projects during their funding stages. This model enables the company to generate revenue by connecting creators with backers who are interested in supporting innovative hardware projects. Each project typically features specific pricing plans based on the product's features and production costs, with backers receiving early access or exclusive editions of the products upon successful funding. The company also engages in partnerships, providing design assistance and materials for manufacturers, thereby creating additional revenue streams. Their flagship products, such as the open-source DIY laptops and various software-defined radios, have seen significant backing, which directly contributes to the company's financial performance.In June 2015, Crowd Supply raised USD 0.935 mn in Seed funding, which will support the upcoming launch of new products in the open-source hardware sector. The company's strategy includes expanding into new markets in Europe and Asia by the end of 2023, aiming to enhance their customer reach and impact. The recent funding will enable the development of innovative products designed to meet the growing demands of the engineering and educational communities.

## Funding rounds

- Seed, Jun 2, 2015, $0.9M — Portland Seed Fund, SOSV, Inspiration Ventures
- Seed, Apr 10, 2015, $0.6M — Portland Seed Fund, SOSV, Inspiration Ventures
- Seed, Jan 1, 2013, $0.5M — Inspiration Ventures

## Investors

- Inspiration Ventures (https://capitalatlas.ai/funds/inspiration-ventures) — Seed
- Portland Seed Fund (https://capitalatlas.ai/funds/portland-seed-fund) — Seed
- SOSV (https://capitalatlas.ai/funds/sosv) — Seed