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Incubator/Accelerator
tusstar.com

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Investments

142

Portfolio Exits

3

Funds

3

Partners & Customers

1

About TusStar

TusStar, fka TusPark Business Incubator, is a national incubator formed by Tus Holdings. TusStar provides one-stop incubation service, seed funding, an open service platform, and an innovative entrepreneur environment.

TusStar Headquarter Location

14th Floor, Block B, Innovation Plaza TusPark

Beijing, Beijing, 100086,

China

400 150 0019

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Latest TusStar News

Unmanned Boat Tech Company Orcauboat Completes Round A+ Financing

May 7, 2022

(Source: Orcauboat) Orca Electronic Intelligent Technology Corporation Co., Ltd. (Orcauboat) , an unmanned boat startup, announced on Saturday that it has completed a round A+ of financing totaling 50 million yuan ($7.5 million). The leading investor was Edge Ventures, while co-investors were China Capital Management, Zhongguancun Zhongnuo Fund, Forebright, TusStar and other institutions. The funds are mainly to be used for the R&D of unmanned environmental protection boat products, cruise ship products, the “Zhibo” unmanned system, further construction and promotion of domestic and overseas sales networks and brands, formulation of industry standards, and layout of upstream and downstream industrial chains. Orcauboat was established in 2017. Its product line covers driverless environmental protection boats, intelligent manned cruise boats and an unmanned driving system. At present, the firm’s unmanned environmental protection boat products have arrived in hundreds of bodies of water in ten countries, including China, the UK and Spain, and the first standardized intelligent manned cruise ship products have been recently developed and gradually put into use at various well-known attractions. The firm’s three standardized products, namely the “SMURF” unmanned cleaning ship, as well as the “TITAN” unmanned cleaning ship and unmanned mowing ship, can perform water surface cleaning, water grass harvesting, water quality monitoring, and patrol. Coupled with the self-developed charging dock and the intelligent management platform, it realizes a fully intelligent and data-based environmental protection operation, maintenance operation and management closed loop. Traditionally, only 20 mu (3.29 acres) can be maintained by a single human worker, while Orcauboat’s driverless cleaning boats can cover an area of 150 mu (24.71 acres), realizing 24-hour all-weather intelligent operations and water maintenance. According to 2020 statistics from Orcauboat, there are currently 7.4 million mu (1,905 square miles) of artificial lakes in China, and the total continues to expand. There are reportedly around 100,000 reservoirs which need to be maintained in real time, nearly one million kilometers of inland rivers, and 32,000 kilometers of coastline. All of these bodies of water have the potential for intelligent and automated water cleaning solutions and data collection and management, with an estimated market size of 100 billion yuan ($15.0 billion).

TusStar Investments

142 Investments

TusStar has made 142 investments. Their latest investment was in Onemile as part of their Series A - II on June 6, 2022.

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TusStar Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/24/2022

Series A - II

Onemile

Yes

1

6/7/2022

Seed

OSR Tech

Yes

1

5/25/2022

Seed

Haytham

Yes

1

5/18/2022

Angel

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10

5/12/2022

Seed VC

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$99M

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10

Date

6/24/2022

6/7/2022

5/25/2022

5/18/2022

5/12/2022

Round

Series A - II

Seed

Seed

Angel

Seed VC

Company

Onemile

OSR Tech

Haytham

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Amount

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

TusStar Portfolio Exits

3 Portfolio Exits

TusStar has 3 portfolio exits. Their latest portfolio exit was QFEELTECH on January 07, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/7/2020

Acquired

$99M

1

7/29/2015

IPO

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$99M

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10

1/21/2015

IPO

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$99M

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10

Date

1/7/2020

7/29/2015

1/21/2015

Exit

Acquired

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

TusStar Fund History

3 Fund Histories

TusStar has 3 funds, including Russian Scientific Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Russian Scientific Fund

Multi-Stage Venture Capital

Anticipated

1

第十期人民币天使科技创投基金 (RMB Angel Technology Venture Capital Fund X)

$99M

10

Beijing Tusstar Seed Fund LP

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10

Closing Date

Fund

Russian Scientific Fund

第十期人民币天使科技创投基金 (RMB Angel Technology Venture Capital Fund X)

Beijing Tusstar Seed Fund LP

Fund Type

Multi-Stage Venture Capital

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Status

Anticipated

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Amount

$99M

Sources

1

10

10

TusStar Partners & Customers

1 Partners and customers

TusStar has 1 strategic partners and customers. TusStar recently partnered with TEC Edmonton on June 6, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

6/12/2018

Partner

Canada

TEC Edmonton and TusStar Partner to Bring the International Market to Alberta

TEC Edmonton partnered with Tsinghua University in China and its TusStar innovation incubator to help both of their clients grow their international presences and enter into new markets .

1

Date

6/12/2018

Type

Partner

Business Partner

Country

Canada

News Snippet

TEC Edmonton and TusStar Partner to Bring the International Market to Alberta

TEC Edmonton partnered with Tsinghua University in China and its TusStar innovation incubator to help both of their clients grow their international presences and enter into new markets .

Sources

1

TusStar Team

1 Team Member

TusStar has 1 team member, including current Founding Partner, Jinsheng Zhang.

Name

Work History

Title

Status

Jinsheng Zhang

Founding Partner

Current

Name

Jinsheng Zhang

Work History

Title

Founding Partner

Status

Current

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