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InnoSpring
Global incubator and VC firm for startups
About InnoSpring
InnoSpring is a venture capital firm and incubator established in 2012, with headquarters in Shanghai, China, and a significant presence in Silicon Valley. It was co-founded by several entities including Tsinghua University Science Park (TusPark) and Northern Light Venture Capital, with Dr. Xiao Wang and WanFeng Liu being key figures in its leadership. The firm was launched as the first US-China technology incubator platform designed to help startups expand into global markets, particularly bridging the gap between the US and China.
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The company operates a multi-national ecosystem of technology industrial parks, incubators, and venture capital funds, with reported assets under management of $300M. InnoSpring's business model is centered on providing comprehensive support to early-stage companies through incubation, seed funding, and later-stage investments. It runs accelerator programs that offer mentorship from a network of experienced professionals, co-working spaces, and access to strategic resources like legal, accounting, and marketing services. The firm makes money through returns on its venture capital investments and potentially through fees for its incubator services and park operations.
InnoSpring focuses its investments in sectors such as smart systems, life sciences, consumer technology, enterprise software, health technology, and mobile. Over the years, it has incubated more than 300 startups and made dozens of investments, with notable portfolio companies including Drive.ai, Akido Labs, and Plushcare. The firm manages multiple funds, including the InnoSpring Seed Fund, which has successfully raised capital from prominent investors like Kleiner Perkins, IDG Capital Partners, and Softbank China Capital.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Aug 2015 | $10M | $40M | Undisclosed | — |
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