The Sino-American accelerator, which picked up a $10m investment from Wanxiang in August, is set to raise a new fund, according to Xiao Wang, general manager of its Silicon Valley branch.
China-headquartered, corporate-backed startup accelerator InnoSpring is looking to raise a third fund, Xiao Wang, general manager of its US branch InnoSpring Silicon Valley, told Global Corporate Venturing.
“We started a $2m fund three years ago and a $5m fund last year,” Wang said. “The next one will be in the double digits; I can’t say how much it is because we technically have received offers from investors but we have not really started raising yet from a legal standpoint.”
InnoSpring…
