Fundraising FoxTusStar
AcceleratorBeijing · Pre-Seed–Series A
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Investment thesis
TusStar runs a 'incubation + investment' model built on a four-part system of incubation services, angel investment, entrepreneurship training, and an open platform. Its venture arm, TusStar Venture Capital (founded 2014), focuses on early-stage hard-tech, concentrating on next-generation information technology, high-end equipment, biomedicine, new energy and new materials, and enterprise services. Through its global incubation network spanning 200+ bases across 90+ cities (including 15 overseas), it supports startups from inception through growth, acceleration, and listing. The TusStar 'One Plan' makes micro equity investments into promising startups cultivated within its incubation programs.
Source: firm website, verified Nov 1, 2026.
What they invest in
from 5 of 44 portfolio companiesAI & Machine Learning ×3Hardware ×3Deep Tech ×2Enterprise Software ×2Semiconductors ×2Cleantech ×1Data & Infrastructure ×1Energy ×1
HQs:China×5
Portfolio companies · 44 tracked
alumni founders can tell you what the program is really likeTuSimple develops Level 4 autonomous driving technology and operates an Autonomous Freight Network to deploy self-driving semi-trucks for long-haul freight transportation in the United States and Asia-Pacific, with the goal of improving safety, efficiency, and environmental sustainability in the trucking industry.
Cheng Lu(Chief Executive Officer)Eric Tapia(Chief Financial Officer)
Co-investorsGFT VenturesSocii Capital
Cambricon designs AI chips and processors, including its Siyuan (MLU) series built on chiplet technology and the MLUarch03 architecture, spanning cloud, edge, and device deployments.
AI & Machine LearningHardwareSemiconductors
Co-investorsLenovo Capital and Incubator Group (LCIG)Bosch Ventures
GigaDevice Semiconductor is a fabless supplier of Flash memory, 32-bit general-purpose microcontrollers, sensors, and analog products, serving over 20,000 customers globally.
HardwareIoTSemiconductors
Co-investorsIPVWestSummit Capital
Zhipu AI develops the GLM family of large language models and multimodal AI agent models (such as AutoGLM), offering them through a model-as-a-service platform with API access, model fine-tuning, AI search, and application tools.
AI & Machine LearningDeep TechEnterprise Software
Tang Jie(Founder)Zhang Peng(Founder)
Co-investorsQiming Venture PartnersCAS StarHongShan Capital GroupLegend Capital
Hyperstrong (Beijing HyperStrong Technology, stock code 688411) develops, manufactures, and services energy storage systems and provides integrated turnkey storage solutions.
CleantechEnergyHardwareBeijing, CN
Co-investorsQiming Venture Partners
Zhang Jianhui(Founder)
Co-investorsQiming Venture PartnersIDG Capital
Industrial and collaborative robotics company.
Co-investorsShenzhen Capital GroupXiang He Capital
4Paradigm conducts research in AutoML and artificial intelligence technologies, partnering with universities and research institutions globally to advance AI applications across industries.
AI & Machine LearningData & InfrastructureDeep TechEnterprise Software
Wenyuan Dai(Founder & CEO)inQiang Yang(Co-founder)Jinfeng YiinDai Wenyuan(Founder)
Co-investorsCisco InvestmentsGreen Pine Capital PartnersPrimavera Venture Management LimitedHongShan Capital GroupSinovation Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
SenseTime中文在线中文在线 (Chinese Online)兆易创新博升光电博升光电 (Vertilite)图湃医疗图湃医疗 (TowardPi Medical)图湃医疗 (TowardPi)图湃医疗 (图湃北京医疗科技集团股份有限公司)思必驰 (AISpeech)智联安科技智联安科技 (Smartchip)智联安科技 (北京智联安科技有限公司)未磁科技 (MagnetTech)未磁科技 (MagQu / Weimag)海博思创 (Beijing HyperStrong)海博思创 (北京海博思创科技股份有限公司)瑞莱智慧 (RealAI)知存科技知存科技 (Witmem Technology)知存科技 (Witmem)知存科技 (北京知存科技有限公司)研峰科技研峰科技 (Yanfeng Technology)研峰科技 (研峰科技北京股份有限公司)芯来科技芯来科技 (Nuclei)芯来科技 (芯来智融半导体科技)蓝晶微生物蓝晶微生物 (Bluepha)蓝晶微生物 (北京蓝晶微生物科技有限公司)赛桥生物赛桥生物 (Saliai / Sino Biological)赛桥生物 (Sanyou Bio)面壁智能 (ModelBest)
Exits · 1
1 IPOs图森科技 (TuSimple)OTC: TSPH
Frequently asked questions
- How many investments has TusStar made?
- TusStar has 44 tracked investments, 1 of which have exited.
- What stage does TusStar invest at?
- TusStar invests at the Pre-Seed, Seed, Series A stages.
- What sectors does TusStar focus on?
- TusStar focuses on AI & Machine Learning, Biotech, Deep Tech, Energy, Enterprise Software, Hardware, Medical Devices, New Materials, Robotics, Semiconductors.
- Where is TusStar located?
- TusStar is headquartered in Beijing, CN.
- Who does TusStar co-invest with?
- TusStar most often shares deals with Qiming Venture Partners, Green Pine Capital Partners, Electric Feel Ventures Llc, among 16 tracked co-investors.
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