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InnoSpring
InnoSpring: cross-border seed fund founded in 2012 by Tsinghua alumni Eugene Zhang and Xiaoming Zhang, backing US-China deep-tech startups.
InnoSpring
InnoSpring is an SEC-registered investment adviser with offices in Redwood City, CA. It provides investment advice to clients. The firm is headquartered in the Bay Area.
General information
Firm type
Venture Capital
Year founded
2012
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Shanghai
Corporate office
Shanghai, China
Additional offices
Silicon Valley, CA, United States
Principals
Eugene Zhang
Founding Partner
Xiaoming Zhang
Founding Partner
Sector focus
Frequently asked questions
Who runs investment decisions at InnoSpring?
Founding partners Eugene Zhang and Xiaoming Zhang lead the firm's investment committee. Eugene Zhang is based in the firm's Silicon Valley office, while Xiaoming Zhang anchors the Shanghai presence. Both remain actively involved in deal sourcing and portfolio decisions as of the latest public disclosures.
How does InnoSpring source its deal flow?
The firm's primary deal-sourcing channel is the Tsinghua University alumni network, specifically the Tsinghua Entrepreneur and Executive Club (TEEC), which provided the founding capital and relationships. This network connects the firm to technically trained founders building cross-border companies. InnoSpring also sources via university research labs and diaspora founder communities in Silicon Valley.
Is InnoSpring a US or China-based fund?
InnoSpring operates a dual-headquarters structure with investment teams in both Silicon Valley and Shanghai. Its legal entities are structured to manage parallel funds that can invest on either side of the Pacific, a deliberate architecture that allows it to back companies requiring simultaneous US and China market access.
What investment stages does InnoSpring target?
The firm concentrates on seed and early-stage rounds, typically writing first institutional checks. InnoSpring occasionally participates in Series A rounds as a follow-on investor, but its core mandate is pre-seed and seed-stage deep tech and enterprise software companies.
How does InnoSpring manage regulatory risk for portfolio companies?
InnoSpring has adapted its portfolio construction to ensure clean jurisdictional separation for companies operating in sensitive technology verticals. The firm's public posture emphasizes that portfolio companies maintain governance structures appropriate for their primary market, and the partnership avoids investments where cross-border regulatory exposure cannot be mitigated.
Which sectors does InnoSpring explicitly focus on?
The firm has concentrated its portfolio in enterprise software, AI and machine learning, digital health, and mobility. InnoSpring favors deep-tech companies with defensible intellectual property, often spun out of university research programs or founded by PhD-level technical teams.
What is InnoSpring's relationship to Tsinghua University?
InnoSpring is not formally affiliated with Tsinghua University, but its founding partnership and initial LP base came directly from the Tsinghua Entrepreneur and Executive Club. This alumni network remains the firm's most significant structural advantage for deal sourcing, technical diligence, and corporate partnership introductions in China.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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