About Wellspring
Wellspring is a Technology company based in Chicago (United States) founded in 2003. AI platform for technology scouting and corporate venturing is offered. It operates on a SaaS (Software-as-a-Service) and Professional Services model. Wellspring has raised $14.66 million across 6 funding rounds from investors including Plymouth Growth, Resurgens Technology Partners and MK Capital. The company has 53 employees. Wellspring has completed 4 acquisitions, including Covalent Data, Flintbox and IP Pragmatics. Its website wellspring.com draws about 25 thousand monthly visits. Wellspring offers products and services including Accolade, Scout, Evolve, Astria, and Flintbox. Its focus areas include Software, Innovation Management Software and Intellectual Property Management. Its legal entity is WELLSPRING WORLDWIDE, LLC. Its competitors include Lux Research, Technium and Expent; 1 of its 3 listed competitors has raised funding.
Company details
Wellspring is established as a provider of software solutions and expert services focused on innovation management and intellectual property (IP) management. The company is engaged in bridging the gap between research and commercialization, supporting institutions and corporations in sectors such as industrial manufacturing, consumer packaged goods (CPG), defense, aerospace, and chemical services. Solutions offered by Wellspring are designed to transform how ideas and inventions are discovered, protected, and brought to market. Key areas of focus include technology scouting, technology transfer, IP portfolio management, and overall innovation orchestration. The companys tools are utilized to drive growth, efficiency, and societal impact by simplifying complex processes from initial discovery to market success.
- Headquarters Chicago, United States
- Employees 53
- SectorsTechnology
- Phone•••• ••••
- Website wellspring.com
- Social LinkedIn X Facebook
- Legal Name Wellspring Worldwide, Llc
- Total Equity Funding$14.66M (USD)
in 6 rounds
- Latest Funding Round$449.99K (USD), Series B
Jun 2022
- InvestorsPlymouth Growth
& 2 more
- Employee Count53
- Investments & AcquisitionsCovalent Data
& 3 more
Products & Services of Wellspring
Wellspring offers a comprehensive portfolio of products and services, including Accolade, Scout, Evolve, Astria, and Flintbox.
Software used for managing innovation processes and portfolios.
Tool designed for discovering technologies and innovation partners.
Platform utilized for evolving innovation strategies and growth.
Solution created for managing intellectual property portfolios effectively.
System developed for end-to-end invention disclosure commercialization.
Funding Insights of Wellspring
Wellspring has successfully raised a total of $14.66M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $449.99 thousand completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $14.66M
- Total Rounds 6
- Last Round Series B — $449,994
- First Round $5M
(May 2014)
- Investors Count 3
All 6 funding rounds of Wellspring with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $449,994 | Series B | – | – | |
| Nov 2020 | $1.5M | Series B | – | – | – |
| Mar 2020 | $399,994 | Series B | – | – | – |
| Nov 2019 | $1.31M | Series B | – | – | – |
| Dec 2015 | $6M | Series B | – | Plymouth Growth | |
| May 2014 | $5M | Series A | – | MK Capital | – |
3 investors in total: 3 institutional.
Investors in Wellspring
Wellspring has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Plymouth Growth, Resurgens Technology Partners and MK Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A technology-focused private equity firm is operated. | 2016 | resurgenstech.com | Atlanta, United States | |
Venture capital investments in software and technology companies with a focus on early and growth stages. | mkcapital.com | |||
Growth stage tech & offline focused VC firm funding companies in the US | 2003 | plymouthgp.com | Ann Arbor, United States |
Investor details for Wellspring
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
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People of Wellspring
42 people are tracked at Wellspring (13 in leadership, 29 in team); the tracked headcount is 53.
| Name | Role | Group |
|---|---|---|
Mark Meakins | Vice President, Infrastructure | Leadership |
Matt Hamilton | Senior Vice President Operations | Leadership |
Sanda Stojakovic, MPA, PMP | Director of Project Management (Implementations) | Leadership |
Carla Garic | VP of Client Success, Academic | Leadership |
Peter Van Nortwick | Director, Wellspring Sales | Leadership |
Charles Chen | Vice President Of Technology & Chief Architect | Leadership |
David Huson | Director Of Global Sales, IP | Leadership |
Dax French | Vice President Of Sales, Americas | Leadership |
Rich Barndt | Chief Technology Officer | Leadership |
Jacob Chappell | Chief Revenue Officer (cro) | Leadership |
Chris Townsend | VP Product Marketing | Leadership |
Michael Shelley | Vice President Of Software Engineering | Leadership |
Will Butler | Director of Engineering, Data Platforms | Leadership |
Joe Cornicelli | Business Development | Team |
Paul F. | Software Engineer | Team |
Brady Reish | System Engineer | Team |
Colin McClintick | Senior Software Engineer | Team |
Karl Kell | Senior Software Engineering Manager | Team |
Maciej Warchalowski | Senior Software Engineer | Team |
Patricia Carli | Manager Client Services | Team |
22 more people are available in the full profile.
Complete people profiles for Wellspring
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Investments & Acquisitions by Wellspring
Wellspring has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Covalent Data, Flintbox and IP Pragmatics.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Software and services for product lifecycle management are offered. | sopheon.com | Bloomington, United States | 1993 | Feb 2024 | $145.71M | |
Intellectual property licensing and legal services are provided. | ip-pragmatics.com | London, United Kingdom | 2001 | Feb 2023 | •••• | |
Licensing opportunities for technologies are identified through innovation intelligence platforms. | covalentdata.com | Denver, United States | 2011 | Jul 2017 | •••• | |
Early-stage technologies are exchanged online through a collaborative platform. | flintbox.com | Vancouver, Canada | 2003 | Nov 2009 | •••• |
Complete acquisition details for Wellspring
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
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Timeline of Wellspring
7 dated milestones of Wellspring across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Wellspring is founded.
- Acquisition Acquires Flintbox.
- Funding First funding round of $5.0M.
- Acquisition Acquires Covalent Data.
- Funding Latest funding round, Series B, of $450K.
- Acquisition Acquires IP Pragmatics.
- Acquisition Acquires Sopheon.
Competitors of Wellspring
Wellspring has 3 listed competitors in our database, 1 of them funded. They include Lux Research, Technium and Expent.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| luxresearchinc.com | 2004 | Boston, United States | 55 | Insights on emerging technologies are provided through a scouting platform. | ||
| technium.com | 2014 | Dallas, United States | 35 | Technology data and solutions are provided via an open platform. | ||
| expent.ai | 2020 | Fremont, United States | $125,000 | 4 | Provider of procurement software |
Detailed competitors of Wellspring
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- Full competitor set
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Web traffic of Wellspring
The website of Wellspring (wellspring.com) receives about 24.8K visits a month.
- Monthly visits24.8K
▲ 41% vs previous month
Websites whose visitors overlap most with Wellspring. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
inspireip.com | inspireip.com | 100% | #1,359,139 | – | |
| adlittle.com | 96% | 119.7K | #296,327 | View details | |
strategyzer.com | strategyzer.com | 96% | #166,238 | – | |
empireresearchgroup.com | empireresearchgroup.com | 67% | – | ||
wellspringcares.org | wellspringcares.org | 36% | #3,823,734 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Wellspring
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 10 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Data as a Service
3 companies that operate in the same segment as Wellspring (Data as a Service) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
Contact databases and sales intelligence are supplied to businesses. | 2000 | Vancouver, Washington, United States | USD 32 M | USD 1.25 B | 3,510 | |
Cloud-based satellite imagery data and analytics solutions are provided. | 2010 | San Francisco, California, United States | USD 601.59 M | USD 307.73 M | 1,749 |
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Related news about Wellspring
Complete news archive for Wellspring
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Frequently Asked Questions about Wellspring
Wellspring was founded in 2003 and raised its 1st funding round 11 years after it was founded.
Wellspring is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Wellspring is a funded company, having raised a total of $14.66M across 6 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on May 2014.
Wellspring has 53 employees.
Wellspring is established as a provider of software solutions and expert services focused on innovation management and intellectual property (IP) management. The company is engaged in bridging the gap between research and commercialization, supporting institutions and corporations in sectors such as industrial manufacturing, consumer packaged goods (CPG), defense, aerospace, and chemical services. Solutions offered by Wellspring are designed to transform how ideas and inventions are discovered, protected, and brought to market. Key areas of focus include technology scouting, technology transfer, IP portfolio management, and overall innovation orchestration. The companys tools are utilized to drive growth, efficiency, and societal impact by simplifying complex processes from initial discovery to market success.
Wellspring's top competitors include Lux Research, Technium and Expent.
Wellspring offers Accolade, Scout, Evolve, Astria, and Flintbox.
Wellspring has made 4 acquisitions, including Covalent Data, Flintbox, and IP Pragmatics.
Wellspring has 3 investors. Key investors include Plymouth Growth, Resurgens Technology Partners, and MK Capital.
Wellspring operates through Wellspring Worldwide, Llc.