As Hardware Startups Take Off, Materials And Technology Marketplace Inventables Raises $3M

Have you ever had an idea for a product that you know could earn millions? Maybe you have and you even began researching how to product a prototype. If you’re like a lot of people, you’re long on ideas and determination and short of resources for prototype production. Enter Inventables, a marketplace for technology and materials for designers and developers.

TechCrunch

Chicago-based Inventables, a marketplace for technology and materials for developers and designers, has raised $3 million in new funding led by Tim Draper (via Draper Associates) with Dundee Venture Capital, Richard Yoo (founder of Rackspace), Georges Harik, and True Ventures participating. This brings Inventables’ total funding to $5 million.

Inventables launched in 2010 as a marketplace for software, hardware and materials for makers, designers and manufacturers to create prototypes and low-volume production runs. Essentially, Inventables sells the parts, machines and materials that many hardware developers or manufacturers need to build their products.

The marketplace itself is similar to any other shopping site, where you can purchase supplies online that are shipped to you within a few days. But Inventables has added a few features which make it friendly for makers. For example, on a product’s page, you’ll see what other designers have made with the material or how they…

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