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Top 10 VC-Funded Hardware Companies That Got Their Start Via Crowdfunding

How much a company raises on a crowdfunding site is not always indicative of how much they can squeeze out of a venture capital firm. New research, however, does show getting a leg up on Kickstarter or Indiegogo can help later in wooing a VC to sit at the table with a startup.

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Going To The Masses

Crowdfunding sites, such as Kickstarter and Indiegogo, are popular ways for startups to not only raise money but also gain valuable market research on their in-progress products.

New York-based researcher CB Insights built on an earlier study done by Flybridge Capital Partners General Partner Matthew Witheiler, taking a look at hardware companies that raised money via Kickstarter and Indiegogo.

The conclusion: Crowdfunding can serve as good proof-of-market demand to then take to a venture capital firm for later-stage funding.

What follows is a ranking of the 10 most well-funded, crowdfunded startups that began with Indiegogo or Kickstarter, based on how much they've raised through VCs.

Note: Oculus is absent from this list because of its $2 billion sale to Facebook this year.

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