InnoSpring raises $5m corporate-backed fund

Jun 16, 2015 • Thierry Heles

InnoSpring Seed Fund II has been backed by Legend, IDG, and SoftBank.

US-based incubator InnoSpring has closed its InnoSpring Seed Fund II at $5m following investments from conglomerate Legend Holdings’ corporate venturing arm Legend Capital and investment fund Legend Star.

SoftBank China Capital, the China-based corporate venturing arm of telecoms company SoftBank and IDG Capital Partners, a venture capital affiliate of technology and media company International Data Group, also contributed.

The Chinese Software Developer Network, a community of Chinese developers, as well as a range of unnamed senior executives of internet company…

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