# Wellspring Worldwide

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wellspring-worldwide

- Industry: Software
- Headquarters: Chicago, US
- Website: www.wellspring.com
- Total disclosed funding: $6M
- Latest round: Series B (Jan 14, 2016)
- Investors on record: 2

## About

Wellspring Worldwide Inc. specializes in providing software and services that support the innovation lifecycle, optimizing processes involved in invention and commercialization for various global industries.Founded in 2003, Wellspring Worldwide Inc. is based in Chicago, US. The company focuses on innovation management and operates on a business-to-business model. It has completed a total of 3 deals with its most recent funding round being a Series B of USD 6.00 mn led by Plymouth Growth Partners, bringing the total amount raised to USD 6.00 mn. The company's leadership includes CEOs Robert Lowe and Sean Downs.Wellspring offers comprehensive software solutions and expert services that facilitate the innovation lifecycle, from invention through to commercialization. Their core products include platforms for technology scouting, intellectual property (IP) management, and innovation management, utilized by research institutions and corporations globally. Solutions like Accolade, Scout, Evolve, and Astria help organizations maximize the value of discoveries by streamlining processes surrounding invention disclosures and IP commercialization, serving an array of clients including academic institutions and private corporations across North America, Europe, and Asia.Wellspring generates revenue primarily through subscription-based models for its software solutions, catering to organizations managing their innovation portfolios. The company engages in B2B transactions, with clients paying recurring fees for access to platforms like Accolade and Evolve, which are integral to their IP management strategies. Pricing is flexible based on the depth of services required, facilitating sustained engagement with Wellspring’s technologies.In July 2022, Wellspring Worldwide Inc. was acquired by Resurgens Technology Partners, with the investment aimed at supporting the company’s next phase of growth. The acquisition allows for the development of new products and services planned for launch in the upcoming months. Wellspring plans to expand its presence in new geographic regions, targeting additional markets across North America and Europe by the end of 2023.

## Funding rounds

- Series B, Jan 14, 2016, $6M — MK Capital, Straylight Capital

## Investors

- MK Capital (https://capitalatlas.ai/funds/mk-capital) — Series B
- Straylight Capital (https://capitalatlas.ai/funds/straylight-capital) — Series B