Early-stage venture firmNetwork Society Ventures has snagged TechShops former CEO and co-founder Mark Hatch as general partner.
Hatch is recognized as a pioneer of the maker movement, is a current entrepreneur in residence at UC Berkeley, and is aformer Green Beret.
For those who dont know it,TechShop bills itself asa membership-based DIY workshop.
Thecompanycharges its membersa monthly fee to access work space and a bevy of hard-to-get, large or expensive manufacturing machines that are a designers dream, fromthe latest and greatestlaser cutters, to CNC mills and 3D printers.
During his tenure at TechShop, Hatch says hegrew the company from one to eight U.S. locations with many others in development, and increasedits memberships and revenue by a multiple of twenty in just five years.
Hatch also helpedTechShopraise over $20 million in venture funding, including $3.4 million from investors online at a timewhen so-called equity crowdfunding was only newly permitted by U.S. regulators.
Hatch resigned from TechShop in July this year as TechCrunch reported then.
We have reached out for additional detailsabout what Hatchsimmediate plans areforthe firm.
Generally, the fund has identified certain areas where it seeks to placea lot of small bets, making investments of $100,000 to $500,000 in very early stage companies around the world.
The industries or technologies it has expressed interest in are energy, manufacturing, food, health, finance, security, policymaking and learning or non-traditional education tech.
Founded in 2015 by David Orban, Network Society Ventures is an investor in Singularity University Labs Accelerator Seed Fund.
Through that relationship,the firmsportfolio includes some companies working on some futuristic and funtechnologies.
Examples include: Swift Tram, makersof an electric, elevated transit system that aims to leave as much of the natural view possible while moving people; Eatlimmo, which is making nutritional additives from fruit waste that could help build a healthier Twinkie; and Fellow Robots,whose robots aim tohelp keep shelves stocked, and customers happy at retail stores.
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