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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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 |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wellspring
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wellspring
Frequently Asked Questions about Wellspring
When was Wellspring founded?
Wellspring was founded in 2003 and raised its 1st funding round 11 years after it was founded.
Where is Wellspring located?
Wellspring is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Wellspring a funded company?
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.
How many employees does Wellspring have?
As of Dec 31, 2022, the latest employee count at Wellspring is 53.
What does Wellspring do?
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.
Who are the top competitors of Wellspring?
Wellspring's top competitors include Lux Research, 27PILOTS and Forestreet.
What products or services does Wellspring offer?
Wellspring offers Accolade, Scout, Evolve, Astria, and Flintbox.
How many acquisitions has Wellspring made?
Wellspring has made 4 acquisitions, including Covalent Data, Flintbox, and IP Pragmatics.
Who are Wellspring's investors?
Wellspring has 3 investors. Key investors include Plymouth Growth, Resurgens Technology Partners, and MK Capital.
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