About TusStar
TusStar, an accelerator and incubator program founded in 1999, is based in Beijing, China. With a presence in 2 countries, it has supported around 63 startups in sectors like High Tech, Enterprise Applications. As of Oct 2026, TusStar has 1 unicorn under its belt. Most notable companies in
its portfolio include RobotPlusPlus, ORCA-TECH and YITU. The program is backed by a team of 4 people who primarily support Seed startups based in China. Its latest investment was a Undisclosed Seed round in CANCHEN TECH on Aug 03, 2026, which also saw participation from Oriental Fortune Capital and 01VC.
TusStar's List of Top Investments
TusStar has a portfolio of 63 companies, one of which is a Unicorn. Their most notable investments are in Nuclei System Technology and Mocang Robot.Their portfolio spans across China and Taiwan. They have invested in High Tech, Enterprise Applications, Life Sciences and 18 other sectors, across stages such as Seed, Angel and 3 more. Here is the list of top investments by TusStar:Developer of industrial robots and solution provider. Its product portfolio includes spraying, thermal-powered boiler, grinding, recycling, wall cleaning, and wall-climbing robots. It caters to chemical, mining, energy, construction, marine, power, and transportation industries.
Key facts about RobotPlusPlus
- Founded Year: 2015
- Location: Beijing (China)
- Stage: Series C
- Total Funding till date: $22.9M
- Employee Count: 18 as on Sep 30, 2026
- Investors: Fosun, GigCapital and 16 Others
- Latest Funding Round: Series C, Jul 21, 2026, $*****
- Highlight: Editors' Pick
2. ORCA-TECH
Manufacturer of autonomous surface vessels for water cleaning and maintenance. These unmanned boats perform surface debris collection, aquatic plant harvesting, and water quality monitoring. The vessels utilize autonomous navigation technology to operate across various water environments. Additional offerings include platforms for water surface cruising and inspection tasks. These systems provide automated support for water management and maintenance operations.
Key facts about ORCA-TECH
- Founded Year: 2017
- Location: Xi An (China)
- Stage: Series C
- Total Funding till date: $95M
- Employee Count: 25 as on Aug 31, 2026
- Investors: Plug and Play Tech Center, Gobi Partners and 15 Others
- Latest Funding Round: Series C, Sep 23, 2026, $*****
- Highlight: Editors' Pick

3. YITU
Yitu provides AI-based business applications. It claims to have developed technologies for computer vision, natural language, knowledge reasoning, intelligent hardware and robotics for different business sectors such as security, finance, transportation, and healthcare. The company develops security systems, identification authentication, and recognition.
Key facts about YITU
4. EncoSmart
Developer of multi-modal robotic solutions for consumer and commercial application. It combines various sensory inputs, such as computer vision, lidar, and sensors, to enable robots to perform complex tasks in a wide range of settings.
Key facts about EncoSmart
- Founded Year: 2022
- Location: Haidian (China)
- Stage: Series A
- Total Funding till date: $43.9M
- Investors: Segway-Ninebot, TusStar and 4 Others
- Latest Funding Round: Series A, Apr 14, 2026, $*****
- Highlight: Editors' Pick
Platform offering industrial robotics solutions. It is a platform that provides a collection of industrial robots, including welding robots for various industries.
Key facts about Qianjue Technology
- Founded Year: 2023
- Location: Beijing (China)
- Stage: Series A
- Total Funding till date: $13.9M
- Investors: Oriza Holdings, Shandong New Kinetic Fund Management and 12 Others
- Latest Funding Round: Series A, Jun 10, 2026, $*****
TusStar's Year-on-Year Investment Trends
TusStar has invested in 63 companies over the last 11 years, with an average of 5 new investments annually in the last 10 years. In 2025, it made 1 investment, while as of Aug 2026, it has made 5 investments in this year. Its most recent first time investment was in CANCHEN TECH and most recent follow-on round was in Zhiyi Juxin Microelectronics Technology.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 0 | 5 |
2025 | 1 | 0 | 1 |
2024 | 1 | 0 | 1 |
2023 | 6 | 0 | 6 |
2022 | 14 | 1 | 15 |
2021 | 7 | 0 | 7 |
2020 | 6 | 0 | 6 |
2019 | 3 | 1 | 4 |
2018 | 8 | 0 | 8 |
2017 | 3 | 2 | 5 |
TusStar's Investments by Stage
TusStar has made 34 investments in Seed stage with an average round size of $2.32M, 10 investments in Angel stage with an average round size of $7.39M, 9 investments in Series A stage with an average round size of $8.25M, 3 investments in Series B stage with an average round size of $15.2M and 1 investment in Series C stage.Stage of entry | No. of Investments |
|---|---|
Seed | 34 |
Angel | 10 |
Series A | 9 |
Series B | 3 |
Series C | 1 |
Note: We have considered here, only first round of investments
TusStar's Investments by Sector
TusStar has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Industrial Goods and Manufacturing, Life Sciences and Aerospace, Maritime and Defense Tech. Notably, it has invested in 42 Tech companies, 41 Enterprise (B2B) companies, 27 Software companies and at least 24 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
High Tech | 21 |
Enterprise Applications | 14 |
Industrial Goods and Manufacturing | 9 |
Life Sciences | 6 |
Aerospace, Maritime and Defense Tech | 4 |
Others | 52 |
Note: We have considered here, only first round of investments
TusStar's Investments by Geography
TusStar has made most investments in China (48), followed by Taiwan where it has made 1 investment.Country | No. of Investments |
|---|---|
China | 48 |
Taiwan | 1 |
Note: We have considered here, only first round of investments
TusStar's recent investments
TusStar has made 5 investments in 2026 so far. CANCHEN TECH and SensingX are the latest among them.Here are the most recent investments by TusStar:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 03, 2026 | - | Seed | 2045 | ||
Jul 30, 2026 | - | Angel | 2294 | [+1] | |
Jul 28, 2026 | - | Angel | 5837 | ||
Jul 15, 2026 | - | Seed | 5309 | [+2] | |
Mar 19, 2026 | - | Seed | 6516 | [+4] |
Unicorns in TusStar's Portfolio
TusStar has 1 unicorn in its portfolio - YITU. The most recent unicorn in their portfolio is YITU which became a unicorn in 2018, 5 years before TusStar first invested in it.Here is a list of unicorns in TusStar's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
53 | Provider of AI based decision intelligence platform for multiple sectors | 2012 | Xuhui | Series C | rwzhpfm |
Team profile of TusStar
TusStar has a team of 4 members including 1 Partner and 2 Principals located in China and Australia. TusStar's team does not sit on the board of any company as of now.Here is a list of all team members in TusStar:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Adelaide | - | - | |
Principal | Chengdu | - | - | |
Principal | Xiamen | - | - |
Co-investors of TusStar
Over the past 11 years, 217 investors have co-invested in TusStar's portfolio companies. This includes funds and angels.
- Invested before TusStar: Hillhouse, Zhen Fund and 30 others have invested in rounds before TusStar. There are 2 companies where Hillhouse has invested before TusStar and 2 companies where Zhen Fund has invested before TusStar.
- Top Co-investors of TusStar: 83 investors entered a company along with TusStar. These include investors like Shuimu Tsinghua Alumni Seed Fund (5 companies).
- Invested after TusStar: A total of 102 investors have invested in TusStar's portfolio after their investments. Top Investors include Baidu Ventures (2 companies) and Shenzhen Capital Group (2 companies).
Recent News related to TusStar
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ForgeAI Completes Eight-Figure Angel Funding to Develop General-Purpose Robot BrainsEqualOcean•Sep 21, 2026•TusStar, ForgeAI
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Xingyu Aerospace Obtains RMB Tens of Millions in Pre-A Round FinancingJinglingshuju•Mar 19, 2026•Zhongguancun Development Group, Loongson Technology, TusStar, Shuimu Tsinghua Alumni Seed Fund and 4 others
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Embodied brain company Qianjue Technology completes tens of millions of yuan in angel round financingInvestorscn•Nov 14, 2024•Qianjue Technology, Inno Angel Fund, TusStar
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E-bike brand "Onemile" received nearly 50 million Pre-B round of financing36Kr•May 16, 2023•Onemilebike, Beijing Heju Investment, TusStar
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"Shengqi Technology" received tens of millions of angel round investment36Kr•Apr 25, 2023•risenlighten.com, TusStar
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Qingyan Zhixing completed tens of millions of RMB in Series A financing, led by TusStarSprout NewsSeed•Oct 27, 2022•Institute Precision, TusStar
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Two rounds of financing in half a year, Supervision Technology completed tens of millions of yuan in Pre-A+ rounds of financingPEdaily•Sep 08, 2022•Qiming Venture Partners, TusStar, Fortune Capital, CDH and 4 others