China · Investor

TusStar

Last cheque observed Mar 2026; 69 cheques on record.

Deploying nowIncubator

Pre-seedSeedTechnologyClean EnergyLow-altitude Economy

Deploying now
40%of best year6cheques in 12 months, 69 on record
Since the last cheque239days00hrs00min00sec
Median round$1.6MRounds led0 of 69Sole investor43 roundsMostly inNetherlands, 20%
Pitch TusStar

TusStar highlights

  1. 01

    6 cheques in the last 12 months

  2. 02

    Mostly Venture and Series A: 56% of its rounds

  3. 03

    Sole investor in 43 rounds, median $1.5M

What they do

TusStar IncubatorTranslated from Chinese, from their own website
Type
Incubator
Cheque size
Not stated
Stages
Pre-seedSeed
Sectors
TechnologyClean EnergyLow-altitude Economy
Based in
China
Cold pitches
Not accepted

The record

Every round we can evidence, newest first69 appearances

  1. 2026

    5 rounds

  2. Mar
    Yuji AerospacePre-seed$1.5MSole investor
  3. Feb
    Specstar AerospacePre-seed$4.3MSole investor
  4. Feb
    Qianjue TechnologyVentureUndisclosedWith 4 others
  5. Feb
    RobotMetaSeries B$14MWith 3 others
  6. Feb
    Shouyi TechnologySeed$1.4MWith 1 other
  7. 2025

    12 rounds

  8. Dec
    Gongyuan SanqianVentureUndisclosedSole investor
  9. Aug
    TraverserVentureUndisclosedWith 1 other
  10. Aug
    Zigge TechnologySeries C$14MWith 1 other
  11. Jul
    Mocang RobotVentureUndisclosedWith 2 others
  12. Jun
    Xiangke IntelligenceSeed$1.4MWith 1 other
  13. Jun
    MLINKVentureUndisclosedSole investor
  14. Apr
    Lansus TechnologiesVentureUndisclosedWith 2 others
  15. Mar
    TOPI Imaging TechnologySeries E$69MWith 3 others
  16. Mar
    autowise.aiVentureUndisclosedSole investor
  17. Mar
    Hisky MedicalSeries D$14MWith 1 other
  18. Mar
    MindFlowingVentureUndisclosedWith 1 other
  19. Jan
    Xianlong TechnologyVentureUndisclosedSole investor
  20. 2024

    4 rounds

  21. Nov
    Natue & FuturePre-seed$1.4MWith 1 other
  22. Sept
    TsaiHuaVentureUndisclosedSole investor
  23. May
    NovautoSeries B$14MSole investor
  24. Apr
    Da InstrumentsSeed$1.4MSole investor
  25. 2023

    5 rounds

  26. Jun
    Guorun Energy StorageSeries A$28MWith 1 other
  27. Jun
    VDJVentureUndisclosedSole investor
  28. May
    OnemileSeries B$7.2MSole investor
  29. Mar
    The Cooking MasterSeed · NL$450KSole investor
  30. Jan
    Yuguang TechnologyVentureUndisclosedSole investor
  31. 2022

    7 rounds

  32. Dec
    VibrantCashorySeed · GB$500KWith 2 others
  33. Oct
    Drink Purely PVT LimitedSeed · PL$500KSole investor
  34. Oct
    WP Apps LimitedSeed$600KSole investor
  35. Oct
    Euler IntelligenceVentureUndisclosedWith 1 other
  36. Jun
    THE ENIGMASHIELDSeed · SE$500KSole investor
  37. Mar
    UM AppsSeed · ES$600KSole investor
  38. Feb
    YiemedVentureUndisclosedWith 1 other
  39. 2021

    3 rounds

  40. Dec
    ZhaoGuang.comSeed$1.6MSole investor
  41. Dec
    iSMARTWAYSVentureUndisclosedSole investor
  42. Sept
    YUANBAO TECHVentureUndisclosedWith 3 others
  43. 2020

    2 rounds

  44. Sept
    Yue Shen AI YuwenVentureUndisclosedSole investor
  45. Mar
    ZhizhangyiVentureUndisclosedWith 1 other
  46. 2019

    7 rounds

  47. Aug
    MAXFCVenture$7.1MSole investor
  48. Jun
    Twirling In TimeVenture$7.2MSole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

What they claim to have backed

From their own portfolio page (on their website)

1 of 15 we have independently watched raise

商汤科技Tusstar中信银行中化集团中文在线中集集团交通银行北京银行华为云启迪控股投资界招商银行知呱呱脑洞科技腾讯云

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Who they invest alongside

The investors most often in the same rounds as TusStar. A count of rooms they were both in, not a relationship either has claimed.

Innoangel FundVC firm4rounds togetherLegend CapitalVC firm3rounds togetherQiming Venture PartnersVC firm3rounds togetherBaidu VenturesVC firm2rounds togetherCitibankGrowth equity2rounds togetherMatrix Partners ChinaVC firm2rounds togetherPlum VenturesVC firm2rounds togetherShenzhen Capital Group Co.Government2rounds together

Recently backed

The latest companies TusStar put money into.

RobotMeta$14M · Feb 2026autowise.aiMar 2025TsaiHuaSept 2024Euler IntelligenceOct 2022iSMARTWAYSDec 2021YUANBAO TECHSept 2021

Quick answers about TusStar

What does TusStar invest in?

TusStar invests most often at Venture and Series A (56% of the rounds on record), in sectors such as Technology, Clean Energy and Low-altitude Economy.

How active is TusStar?

69 investments on record, 6 of them in the last 12 months. The most recent was in Mar 2026.

What has TusStar invested in recently?

Its most recent investments on record: Yuji Aerospace (Pre-seed, Mar 2026), Specstar Aerospace (Pre-seed, Feb 2026) and Qianjue Technology (Venture, Feb 2026).

How big are TusStar's cheques?

The median round it joins is $1.6M.

Does TusStar lead rounds?

Rarely, if at all: none of its 69 investments on record names it as the lead.

Where does TusStar invest?

Most of the companies it backs are in the Netherlands (20%), the United Kingdom (20%) and Poland (20%).

Is TusStar investing now?

Yes: it is actively investing, with 6 investments in the last 12 months.

Who does TusStar invest alongside?

Most often Innoangel Fund (4 rounds together), Legend Capital (3 rounds together) and Qiming Venture Partners (3 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it