About Wellspring
Wellspring is a company based in Chicago (United States) founded in 2003. It operates as a SaaS (Software-as-a-Service) and Professional Services. 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 as of December 31, 2022. Wellspring has completed 4 acquisitions, including Covalent Data, Flintbox and IP Pragmatics. Wellspring offers products and services including Accolade, Scout, Evolve, Astria, and Flintbox. Wellspring operates in a competitive market with competitors including Forestreet, Lux Research, Technium, Expent and Linknovate, among others.
- Headquarter Chicago, United States
- Employees 53 as on 31 Dec, 2022
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Wellspring Worldwide, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.66 M (USD)
in 6 rounds
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Latest Funding Round
$449.99 K (USD), Series B
Jun 24, 2022
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Investors
Plymouth Growth
& 2 more
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Employee Count
53
as on Dec 31, 2022
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Investments & Acquisitions
Covalent Data
& 3 more
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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.
People of Wellspring
Unlock access to complete
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 Total Funding
- Total Rounds 6
- Last Round Series B — $449,994
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First Round
First Round
(30 May 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2022 | Amount | Series B - Wellspring | Valuation |
investors |
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| Nov, 2020 | Amount | Series B - Wellspring | Valuation |
investors |
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| Mar, 2020 | Amount | Series B - Wellspring | Valuation |
investors |
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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 |
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A technology-focused private equity firm is operated.
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Founded Year | Domain | Location | |
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Venture capital investments in software and technology companies with a focus on early and growth stages.
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Founded Year | Domain | Location | |
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Growth stage tech & offline focused VC firm funding companies in the US
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Founded Year | Domain | Location |
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 Year | Amount |
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Licensing opportunities for technologies are identified through innovation intelligence platforms.
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2011 | ||||
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Early-stage technologies are exchanged online through a collaborative platform.
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2003 | ||||
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Intellectual property licensing and legal services are provided.
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2001 |
Financial Statements - Wellspring
Wellspring Comparisons
Competitors of Wellspring
Wellspring operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Forestreet, Lux Research, Technium, Expent and Linknovate, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
An AI platform is provided for supplier and market intelligence.
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| domain | founded_year | HQ Location |
Insights on emerging technologies are provided through a scouting platform.
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| domain | founded_year | HQ Location |
Technology data and solutions are provided via an open platform.
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| domain | founded_year | HQ Location |
Provider of procurement software
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| domain | founded_year | HQ Location |
Competitive intelligence is delivered through machine learning for innovation tracking.
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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 B of $399.99K, raised on May 30, 2014.
As of Dec 31, 2022, the latest employee count at Wellspring is 53.
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, 27PILOTS and Forestreet.
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.