Fundraising Fox

TusStar

Accelerator

Beijing · Pre-Seed–Growth

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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 Aug 3, 2026.

Stage
Pre-Seed–Growth
HQ
Beijing, CN
Instruments
Equity
Founded
1999
AUM
$300M
Portfolio companies
38

What they invest in

from 2 of 38 portfolio companies

AI & Machine Learning ×1Enterprise Software ×1Hardware ×1IoT ×1Semiconductors ×1

HQs:China×1

Portfolio companies · 38 tracked

alumni founders can tell you what the program is really like
图森科技 (TuSimple)OTC: TSPH

Autonomous driving technology company.

SenseTime

Leading AI company focused on computer vision and deep learning across security, smartphones, automotive, and more.

中文在线

Digital publishing/education company, listed (300364).

中文在线 (Chinese Online)

Digital publishing/education company; listed (300364).

中科寒武纪 (Cambricon)

AI chip company; listed (688256).

兆易创新

Memory chip company, listed (603986.SH / 03986.HK).

兆易创新 (GigaDevice)gigadevice.comin

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

博升光电
博升光电 (Vertilite)
图湃医疗

Medical imaging (ophthalmic OCT) company.

图湃医疗 (TowardPi Medical)

Ophthalmic medical imaging device company.

图湃医疗 (TowardPi)

Medical imaging (ophthalmology) company.

寒武纪 (Cambricon)

AI chip company, listed (688256).

思必驰 (AISpeech)

Conversational AI / speech technology company.

智联安科技
智联安科技 (Smartchip)
未磁科技 (MagnetTech)

Magnetic sensing / medical technology company.

未磁科技 (MagQu / Weimag)

Magnetocardiography / magnetic sensing medical technology company.

海博思创

Energy storage systems company, listed (688411).

海博思创 (Beijing HyperStrong)

Energy storage systems company, listed (688411).

珞石机器人 (Rokae)

Industrial and collaborative robotics company.

瑞莱智慧 (RealAI)

Trustworthy AI / security company.

知存科技
知存科技 (Witmem Technology)

Compute-in-memory AI chip company.

知存科技 (Witmem)
研峰科技

Technology company; STAR Market listed (Series A).

研峰科技 (Yanfeng Technology)

Scientific instrument / technology company.

第四范式 (4Paradigm)4paradigm.comin

4Paradigm provides AI-driven decision making technology for enterprises seeking to develop new business models and improve operational efficiency.

AI & Machine LearningEnterprise Software

芯来科技

RISC-V semiconductor IP company.

芯来科技 (Nuclei)

RISC-V processor IP semiconductor company.

蓝晶微生物

Synthetic biology / microbial company.

蓝晶微生物 (Bluepha)

Synthetic biology / microbial technology company.

赛桥生物

Bioprocessing/cell therapy equipment company.

赛桥生物 (Saliai / Sino Biological)

Cell and gene therapy tools/bioprocess company.

赛桥生物 (Sanyou Bio)
面壁智能 (ModelBest)

Large language model AI company.

Exits · 1

IPOs and acquisitions across the tracked portfolio

图森科技 (TuSimple)OTC: TSPH

Frequently asked questions

What stage does TusStar invest at?
TusStar invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth 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.

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