FundedIQ
Community and Lifestyle

Efabless: Funding, Investors & Team (Sep 2026)

Efabless enables non-hardware experts to create the electronics required for intelligent, connected products. Efabless offers a unique process where users can rapidly, cost-effectively and easily create electronics from community-developed building blocks and open design patterns, called templates. We provide everything needed to do this: - Marketplace & request process - Library of building blocks and open designs - Design tools - Manufacturing technology and services We employ multiple models for revenue generation, including transaction fees for technology licenses and services provided, royalty fees for full volume production and subscription models for eco-system partners. Our initial offering enables the design of customized integrated circuits (ICs) based on pre-engineered templates and pre-defined libraries of functional building blocks (IP). Our customers are system companies seeking custom silicon to improve their products and IC start-up companies delivering proof of concepts to showcase their unique designs. Partners include organizations looking to address these markets or to encourage new open innovation models for ICs.

www.efabless.com LinkedIn Palo Alto, United States 11-50 employees
Application Specific Integrated Circuit (ASIC) Communities Crowdsourcing Electronic Design Automation (EDA) Electronics Hardware Internet of Things Open Source
Total raised
$8.8M
Rounds
2
Latest
Undisclosed round
Oct 2024

Efabless has raised $8.8M across 2 funding rounds on record, the most recent an undisclosed round of $2.5M announced in Oct 2024.

That round is in line with the $2.3M median round size for Community and Lifestyle companies tracked on FundedIQ over the last two years.

Efabless Company Profile and Key Stats

Total funding raised
$8.8M
across 2 rounds on record
Funding rounds on record
2
Latest funding round
Undisclosed round
$2.5M in Oct 2024
Employees
11-50
reported band
Headquarters
Palo Alto, United States

Latest funding round on record: Oct 2024.

Efabless Funding Rounds

Date
Round
Amount
Undisclosed round
$2.5M
Series A
$6.3M

Efabless raised $6.3M in a Series A announced in Oct 2023.

1 years later, an undisclosed round of $2.5M was announced in Oct 2024.

Efabless Founders and Leadership Team

Name
Role
Contact
Mohamed Kassem
Founder
Locked
Michael Wishart
CEO
Locked

Contact details for the Efabless team: 2 of 2 have an email address on file.

Start 14-day free trial →

Efabless Funding Compared to Other Community and Lifestyle Startups

Segment
Companies
Median round

Efabless' latest round of $2.5M is in line with the median round in Community and Lifestyle. Medians cover the last 24 months of disclosed rounds.

Funded Startups Like Efabless in Community and Lifestyle and Palo Alto

Companies Similar to Efabless

Petfolk is a veterinary healthcare organization that offers an integrated platform for veterinarians, pets,…

Undisclosed round $40.0M

MERIT Beauty is a cosmetic brand company that offers luxury skincare products. The company was founded in…

Undisclosed round

Wagmo is a fantastic service that basically provides reimbursement for doing all the things that we already…

Undisclosed round

HelloVote is a developer of voter engagement platform simplifying registration, election information, and…

Seed $20k

Los Sundays is a lifestyle brand disrupting a product-focused category. Strategically built to engage…

Undisclosed round

Women's Health Center of West Virginia is a private nonprofit healthcare facility that provides reproductive…

Undisclosed round $3.7M

Skiptown (formerly Skipper) is a tech-enabled hub for dogs and their people. The trusted pet services company…

Undisclosed round $9.0M

Nicol is an operator of multi-racquet sports clubs offering fitness and community.

Seed $930k

Self-Help Enterprises is an organization dedicated to self-help housing, sewer and water development, housing…

Undisclosed round $4.0M

Georgia Banking Company is a financial services community bank that engages in the wholesale mortgage…

Undisclosed round $77.0M

​Ensemble Hotel Partners is a real estate company that envisions, manages, brokers, and owns transformative…

Undisclosed round $115M

Creature Comforts ADK is a boutique pet supplies store.

Undisclosed round $30k

Efabless Funding FAQs

What does Efabless do?

Efabless enables non-hardware experts to create the electronics required for intelligent, connected products. Efabless offers a unique process where users can rapidly, cost-effectively and easily create electronics from community-developed building blocks and open design patterns, called templates. We provide everything needed to do this: - Marketplace & request process - Library of building blocks and open designs - Design tools - Manufacturing technology and services We employ multiple models for revenue generation, including transaction fees for technology licenses and services provided, royalty fees for full volume production and subscription models for eco-system partners. Our initial offering enables the design of customized integrated circuits (ICs) based on pre-engineered templates and pre-defined libraries of functional building blocks (IP). Our customers are system companies seeking custom silicon to improve their products and IC start-up companies delivering proof of concepts to showcase their unique designs. Partners include organizations looking to address these markets or to encourage new open innovation models for ICs.

How much funding has Efabless raised?

Efabless has raised $8.8M across 2 rounds on record. The most recent is an undisclosed round of $2.5M announced in Oct 2024.

When did Efabless last raise funding?

Efabless' most recent funding round on record is an undisclosed round of $2.5M, announced in Oct 2024.

Who founded Efabless?

FundedIQ lists Mohamed Kassem (Founder) at Efabless.

Who is the CEO of Efabless?

Michael Wishart is listed as CEO at Efabless.

Where is Efabless headquartered?

Efabless is based in Palo Alto, California, United States.

How many employees does Efabless have?

Efabless is in the 11-50 employee band.

How does Efabless' funding compare to other Community and Lifestyle startups?

Efabless' latest round of $2.5M is in line with the $2.3M median round size for Community and Lifestyle companies on FundedIQ across 1,484 tracked companies over the last two years.

About FundedIQ's Efabless Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Efabless is left off this page rather than filled in.

14-day free trial · Cancel anytime

Know who just raised. Then know who to reach.

Every newly funded startup with its round, its investors and its founders: delivered weekly by email, or searchable in the app.

Alerts from $19/mo · Pro from $99/mo. Card required, nothing charged until day 15, and we email you 3 days before that.