Apr 24, 2024 16:00:00

Framework, a company developing modular PCs, has raised approximately 2.6 billion yen in funding and is working to create a new product category

Framework , a developer of modular PCs with interchangeable monitors, keyboards, graphics cards, and other parts, has reported that it has raised about $17 million (about 2.63 billion yen) from companies such as Buckley Ventures , Anzu Partners , and Cooler Master . With this funding, Framework says it will 'strengthen support for existing customers and expand into new product categories to attract new customers and companies.'

Framework | Framework's Series A-1 and Community Participation
https://frame.work/blog/frameworks-series-a-1-and-community-participation

Founded in 2021, Framework has previously sold products such as the modular 13-inch notebook PC '

Framework Laptop 13 ' and the high-spec model ' Framework Laptop 16 ' equipped with a graphics card.

A notebook PC 'Framework Laptop 16' with removable parts such as motherboard, graphics board, battery, I / O port, etc. Overseas review information summary - GIGAZINE

'Despite recent struggles across the technology industry, we have continued to steadily increase revenue and market share every year, proving that our commitment to making our products easy to repair, upgrade and customize is resonating with our users,' Framework said in a statement.

Framework was seeking investment from various companies with a goal of raising $17 million. Regarding the fundraising, Framework reported, 'Our main focus this time was not only to raise funds, but also to form strategic connections with Framework and gain expertise from the investor companies. Therefore, when selecting the investor, the belief in our mission, the strength of our team, the companies we collaborate with, and the scope of our network were given importance.'

Framework has raised $17 million in funding from investment firms Buckley Ventures, Anzu Partners, Cooler Master, and

Pathbreaker Ventures .

Framework reports that it will use the funds to expand support for existing users, expand the reach of existing products, and expand into product categories that can empower new users and businesses. 'Framework has the ultimate goal of empowering everyone in the world to choose products that last longer, regardless of category,' it said.

In addition to accepting investments from investment companies, Framework has announced that it will hold an investment round to raise $1 million (approximately 150 million yen) from individuals and organizations who meet the accredited investor qualifications of the U.S. Securities and Exchange Commission, with a maximum of 100 people and a maximum of $10,000 per investment. If this round is successful, Framework will have raised a total of $18 million (approximately 2.8 billion yen), including investments from investment companies.

In 2022, Framework also successfully raised $18 million, and used the funds to launch the Framework Laptop 16.