Inssent Bags Tens of Millions of Yuan in Series A+ Round of Financing From Poly Capital
Inssent, a Beijing-based software-as-a-service (SaaS) provider, announced today that it has completed a series A+ round of financing garnering tens of millions of yuan, led by Poly Capital and an industrial fund, followed by equity management platform Carta. In March of last year, the company completed a series A round of financing with Tencent Investment serving as lead investor.
Inssent will reportedly allocate the fresh funds to further improve its products and services. It will increase investment in the R&D of SaaS products, especially the at-scale value-added services. It also plans to upgrade and launch more value-added services to meet the equity needs of different types of customers. Furthermore, it will gradually establish an equity service ecosystem, joining hands with partners to provide better one-stop equity incentive and management services.
Founded in 2017, Inssent is positioned as a one-stop equity incentive and management services platform, helping enterprises design equity incentive plans and manage equity assets.
In 2021, Inssent set up offices in Shenzhen and Shanghai, and carried out operations in several major first-and second-tier cities in China, such as Beijing, Shanghai, Guangzhou and Hangzhou. During this period, enterprise demand response became more timely.
Inssent has now provided 1500+ enterprises with a standard one-stop equity incentive solution with pre-consultation and SaaS services. The “inX” system developed by the firm has 30,000+ registered users. The average order price range falls between 50,000 yuan and 200,000 yuan with a renewal rate of 80%. Its customers include AIpark, Zhihuiya, Narwal, Moody, and HotMaxx.
SEE ALSO: Tencent Invests in Round B of Financing for ICV Technology Firm Ingeek
Li Wenxuan, deputy general manager of Poly Capital, said: “With the awakening awareness of domestic startups, entrepreneurs have a clearer understanding of the concept of equity incentive. Equity management and transaction services is becoming popular in human resource field. In the future, we will remain optimistic about the development of Inssent in the field of equity incentive management.”