Dragon Innovation, Inc.
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Dragon Innovation, Inc. - overview
Established
2009
Location
Cambridge, MA, US
Primary Industry
Business Support Services
About
Dragon Innovation, Inc. specializes in providing comprehensive support and resources for hardware startups to facilitate product development and manufacturing processes efficiently. Founded in 2009 in Cambridge, US, Dragon Innovation, Inc. focuses on assisting hardware startups with product development and manufacturing.
The company has successfully completed 7 deals, with its latest deal occurring on August 22, 2017, when Avnet, Inc. acquired Dragon Innovation, Inc. for an undisclosed amount. The founder's background includes the establishment of other ventures, although specific details on these are not provided.
The company has raised a total of USD 2. 40 mn, primarily through a funding round that took place in 2017. Dragon Innovation, Inc. offers a platform tailored for hardware startups, providing them with essential resources, tools, and support for product design and manufacturing.
This includes expertise in prototyping, supply chain management, and manufacturing processes, enabling clients to successfully launch their hardware products. The services are marketed globally, with significant reach in North America, Europe, and parts of Asia, targeting individuals, startups, and enterprises involved in hardware development. The company's revenue model is based primarily on consultancy fees and service charges for their support in product development and manufacturing processes. Clients pay for various service packages tailored to their specific needs, which include expert guidance on supply chains and production strategies.
These transactions typically occur directly between Dragon Innovation, Inc. and its clients, offering B2B solutions that cater to startups and established firms in the hardware sector. Dragon Innovation, Inc. plans to further enhance its offerings by developing new product features aimed at streamlining the hardware development process.
The company is also looking to expand its reach into additional international markets, targeting regions in Asia and Europe by 2025. The funding raised in August 2017 will be utilized to support these growth initiatives, enabling the company to invest in technology enhancements and broaden its service offerings.
Current Investors
Foundry Group, Flybridge Capital Partners, Lerer Hippeau Ventures Management
Primary Industry
Business Support Services
Sub Industries
Consulting Services
Website
www.dragoninnovation.com
Company Stage
Acquired
Total Amount Raised
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Dragon Innovation, Inc. - employee data
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