Innospark Ventures

Innospark Ventures is an early-stage venture capital firm based in Boston, Massachusetts, dedicated to investing in impact-driven artificial intelligence (AI) startups. The firm primarily targets pre-seed and seed-stage companies within the Boston and broader New England ecosystem. Their investment thesis centers on "AI for Good," seeking out innovative applications of AI that address critical societal challenges across sectors such as healthcare, education, climate change, and social impact. This specialized focus allows Innospark to provide targeted support and expertise to founders leveraging AI for positive real-world outcomes.

Innospark Ventures typically provides initial cheques ranging from $250,000 to $1,000,000, positioning them as a key early-stage capital provider. They often take a leading or co-leading role in funding rounds, with a preference for total round sizes between $1,000,000 and $3,000,000. This strategic approach enables them to be significant partners in the foundational stages of their portfolio companies' growth. The firm successfully closed its inaugural fund, Innospark Ventures Fund I, at $50 million, demonstrating substantial capital dedicated to their impact-driven AI mandate.

Beyond capital, Innospark Ventures emphasizes a hands-on approach, leveraging the deep operational and entrepreneurial experience of its partners, including founder Dr. Venkat Srinivasan. Their commitment extends to providing strategic guidance, mentorship, and access to a robust network, aiming to accelerate the development and market penetration of their portfolio companies. With a portfolio that includes over 15 investments as of early 2024, Innospark Ventures has established itself as a prominent and specialized investor within the burgeoning AI startup landscape of New England, actively shaping the future of AI for social good.