How can you raise $11 million for a hardware startup?

💹 It’s not simple to get money for hardware firms in 2024.
But Michael Corr, CEO of Duro Labs, proves it’s possible-even in an industry most investors tend to avoid.
In this episode of Default Global, we dive into Michael’s journey, from bootstrapping his startup to landing an $11M seed round.
He shares how Duro Labs brings software and hardware together, simplifying product development and supply chain processes.
Michael also talks about how to grab investors' attention, deal with rejection, and show real progress-even in a niche market.
We also explore why now is the best time to start a hardware business, how things like 3D printing and COVID have shifted investor mindsets, and what’s driving the rapid growth in hardware innovation.
Whether you’re gearing up for your first funding round, perfecting your pitch, or just curious about the hardware world, this episode is packed with easy-to-follow tips, real-life stories, and valuable insights.
Michael Corr on LinkedIn: / michaelgcorr
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