# InnoSpring

InnoSpring is a Venture Capital based in Shanghai, China.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** innospring.com
- **LinkedIn:** https://www.linkedin.com/company/innospring-inc

## Regulatory record

- **CRD number:** 333359
- **SEC file number:** 802-131335
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/333359

## About

InnoSpring is an exempt reporting adviser with offices in Redwood City, CA. It provides investment advice to clients. The firm is headquartered in the Bay Area.

## Sectors

- Enterprise Software
- AI/ML
- Digital Health
- Mobility & Transportation

## Offices

- Silicon Valley, CA, United States

## People

- Eugene Zhang — Founding Partner
- Xiaoming Zhang — Founding Partner

## 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.

### 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.

## Related profiles

- [Innosphere Ventures](https://altss.com/profile/innosphere-ventures)
- [Innoterra](https://altss.com/profile/innoterra)

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Last updated: 2026-08-14T12:30:00.000Z

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