Fundraising FoxTusStar
AcceleratorBeijing · Pre-Seed–Series A
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Investment thesis
TusStar operates an integrated 'four-in-one' model combining incubation services, angel investment, entrepreneurship training, and an open platform. Its investment arm, TusStar Venture Capital (founded 2014), focuses on early-stage hard technology, concentrating on next-generation information technology, high-end equipment, biomedicine, new energy and new materials, and enterprise services. It invests through direct investment, fund management, and stakes in other funds, and complements this with a micro-equity 'Yi Plan' that takes small stakes in startups nurtured through its incubators and accelerators, using its global incubation network to support portfolio growth.
Source: firm website, verified Sep 26, 2026.
What they invest in
from 5 of 37 portfolio companiesAI & Machine Learning ×3Hardware ×3Deep Tech ×2Enterprise Software ×2Semiconductors ×2Cleantech ×1Data & Infrastructure ×1Energy ×1
HQs:China×4
Portfolio companies · 37 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)思必驰 (AISpeech)智联安科技智联安科技 (Smartchip)未磁科技 (MagnetTech)未磁科技 (MagQu / Weimag)海博思创 (Beijing HyperStrong)瑞莱智慧 (RealAI)知存科技知存科技 (Witmem Technology)知存科技 (Witmem)研峰科技研峰科技 (Yanfeng Technology)芯来科技芯来科技 (Nuclei)蓝晶微生物蓝晶微生物 (Bluepha)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 37 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 15 tracked co-investors.
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