Innospark Ventures
Innospark Ventures is a Boston-based early-stage venture capital firm founded in 2018 that invests in Applied AI and Deep Technology startups across Healthcare, Life Sciences, and Enterprise sectors, backing technical founders with deep domain expertise and supplementing capital with a Technologist in Residence Program and portfolio platform resources.
- Company typePrivate
- Founded2018
- HeadquartersBoston, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Innospark Ventures does
Innospark Ventures is a Boston-based early-stage venture capital firm founded in 2018 that invests in Applied AI and Deep Technology startups. The firm backs technical founders applying artificial intelligence across three core verticals: Healthcare, Life Sciences, and Enterprise. The portfolio of approximately 50 companies includes Fourier Health, Juniper Genomics, Dyania Health, Marigold Health, ODAIA Intelligence, VideaHealth, PathAI, Phaseshift Technologies, and Adept. Capital deployment is geographically focused in the US, with disclosed cross-border activity in Canada (Juniper Genomics, Phaseshift Technologies), the UK, and India.
The firm's offering extends beyond capital. The Technologist in Residence Program places PhD, postdoc, and graduate-level talent from MIT, Harvard, and Yale with portfolio companies for technology evaluation and support. An internal platform provides portfolio resources across Fundraising, People & Operations, and Preferred Vendors categories. A Director of Community & Platform function (held by Lily Zarrella, formerly of the Baker Polito Administration and Solamere Capital) manages the firm's network of entrepreneurs, industry experts, and advisors. Thought leadership is distributed through an Insights blog featuring CEO Spotlights, "Why We Invested" articles, and AI investment commentary authored by Managing Director Venkat Srinivasan, Partners Matt Fates and Jeff Knox, and Principal Mark Legare.
As a venture capital firm, Innospark generates revenue through management fees on committed capital and carried interest on successful exits. Recent co-investor relationships include Yosemite, NextGen Venture Partners, Tau Ventures, Alumni Ventures, BDC Capital, MaRS, Panache, StandUp Ventures, Outsiders Fund, Wild Basin, and Big Pi. A notable portfolio exit occurred in 2023 when Nutrimedy was acquired by FemTec Health. The firm does not disclose AUM, fund size, or limited partner composition.
Innospark Ventures firmographics
Firmographics- Name
- Innospark Ventures
- Legal name
- Innospark Ventures
- Website
- https://innospark.vc
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Innospark Ventures is a Boston-based early-stage venture capital firm founded in 2018 that invests in Applied AI and Deep Technology startups across Healthcare, Life Sciences, and Enterprise sectors, backing technical founders with deep domain expertise and supplementing capital with a Technologist in Residence Program and portfolio platform resources.
- Ownership category
- akta.pro rank
Innospark Ventures industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Micro-VC & Angel Funds (FSANAAAI)
- akta.pro secondary industry
- Accelerators & Incubators (Investor-Operated) (FSANAAAM)
Keywords
Where Innospark Ventures is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Innospark Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Venture Capital Returns: Innospark generates returns through equity investments in early-stage AI companies across Healthcare, Life Sciences, and Enterprise sectors. Revenue comes from portfolio company exits via acquisitions or IPOs, supplemented by fund management fees.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Innospark Ventures product offering
Product offeringCore offering
Innospark Ventures is an early-stage venture capital firm that invests in applied AI and deep technology startups. The firm provides seed and early-stage equity capital to technical founders building AI-driven solutions across three core verticals: Healthcare, Life Sciences, and Enterprise. In addition to capital, Innospark offers portfolio support through a Technologist in Residence Program, platform resources, and operational guidance from a team of seasoned operators, technologists, and investors.
Product overview
Innospark Ventures is an Applied AI and Deep Technology venture capital firm operating as a single integrated investment platform. The firm backs technical founders across three core sectors: Healthcare, Life Sciences, and Enterprise. Their offering consists of venture investment services complemented by a platform resources hub (covering Fundraising, People & Operations, and Preferred Vendors) and a Technologist in Residence Program that brings academic talent to support due diligence and portfolio company technology evaluation.
Differentiator
Problem solved
Functional benefit
Products and services
- Innospark Ventures Investment Platform Venture capital investment platform providing seed and early-stage equity capital to technical founders building AI-driven companies in Healthcare, Life Sciences, and Enterprise. For technical AI founders seeking early-stage funding.
- Technologist in Residence Program Program bringing exceptional PhD, postdoc, and graduate-level talent from top universities to provide insights into evaluating AI-driven solutions, technology support to portfolio companies, and early access to cutting-edge research. For portfolio companies and Innospark's investment team.
Companies that use Innospark Ventures
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Innospark Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Innospark Ventures partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- SchrödingercoreCopernic Catalysts partners with Schrödinger to create computational models of catalytic chemistry for catalyst design optimization. Schrödinger provides computational chemistry software used in the design-build-test-learn loop for catalyst discovery.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
Innospark Ventures competitors and assessment
Company assessmentDirect peers
- Touring Capital: Early-stage enterprise AI venture firm founded by operators. Directly comparable to Innospark on enterprise AI focus, early stage, and operator-investor model.
- Eniac Ventures: Seed-stage venture firm focused on AI and enterprise software, with similar firm size and thesis-driven investing approach as Innospark. Both back technical founders at the earliest stages in AI-driven categories.
- Basis Set Ventures: Early-stage venture fund investing in AI and data infrastructure applied to enterprise verticals. Directly comparable in stage, thesis (AI applied to vertical problems), and firm scale to Innospark.
- Zetta Venture Partners: AI-first venture firm that invests early in companies applying AI to enterprise problems. Closely comparable to Innospark on AI thesis, stage, and portfolio construction across verticals.
- Define Ventures: Healthcare-focused early-stage venture firm that invests in technology-enabled healthcare companies. Highly comparable to Innospark's Healthcare AI thesis and stage focus.
- Flare Capital Partners: Boston-based early-stage VC focused on healthcare technology, including AI-driven healthcare companies. Overlaps directly with Innospark's Healthcare AI vertical and Boston ecosystem positioning.
- Anorak Ventures: Early-stage AI-focused venture firm investing in founders applying AI across verticals. Comparable to Innospark on stage, AI-centric thesis, and operator-led approach.
Regional players
- Founder Collective: Boston/New York-based seed-stage venture firm. Comparable as a fellow Boston-rooted early-stage investor, though broader in sector focus rather than AI-only.
- Bain Capital Ventures: Boston-based venture arm of Bain Capital investing across AI, healthcare, and enterprise. Comparable on Boston ecosystem and overlapping sector focus, though substantially larger and broader than Innospark.
- General Catalyst: Major Boston-based venture firm with strong AI and healthcare theses. Comparable on Boston base and overlapping AI/healthcare focus, though much larger and broader stage range than Innospark.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Innospark Ventures social profiles
Digital presenceInnospark Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Innospark Ventures leadership team
Management profileNumber of profiles
Profiles9 records
Innospark Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Innospark Ventures M&A and investment
M&A and investmentM&A
Investments56 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Innospark Ventures
What does Innospark Ventures do?
Innospark Ventures is an early-stage venture capital firm that invests in applied AI and deep technology startups. The firm provides seed and early-stage equity capital to technical founders building AI-driven solutions across three core verticals: Healthcare, Life Sciences, and Enterprise. In addition to capital, Innospark offers portfolio support through a Technologist in Residence Program, platform resources, and operational guidance from a team of seasoned operators, technologists, and investors.
Is Innospark Ventures a public or private company?
Innospark Ventures is a private company. It is classified as unknown and is currently operating.
When was Innospark Ventures founded?
Innospark Ventures was founded in 2018. It employs 1 to 10 people.
Where is Innospark Ventures based?
Innospark Ventures is headquartered in Boston, United States, in the North America region.
How does Innospark Ventures make money?
One revenue line is on record: venture Capital Returns.
Who are Innospark Ventures's main competitors?
Direct peers on record are Touring Capital, Eniac Ventures, Basis Set Ventures, Zetta Venture Partners, Define Ventures, Flare Capital Partners and Anorak Ventures. Regional players are Founder Collective, Bain Capital Ventures and General Catalyst.
Does Innospark Ventures have an API?
No public API is recorded for Innospark Ventures.
What industry is Innospark Ventures in?
Innospark Ventures's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAI, Micro-VC & Angel Funds, with a secondary code of FSANAAAM, Accelerators & Incubators (Investor-Operated). Its NAICS code is 523940 and its SIC code is 6282.