Inssent, a Beijing-based software-as-a-service (SaaS) provider, announced that it completed a Series A+ round of financing garnering tens of millions of yuan.

The round was led by Poly Capital, followed by equity management platform Carta.

Inssent will 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.

Company: Yishen

Raised: Undisclosed

Round: Series A+

Funding Month: April 2022

Lead Investors: Poly Capital

Additional Investors: Carta

Company Website: https://inssent.com/

Software Category: Equity Incentive and Management Services platform

About the Company: 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. 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.

Source: https://pandaily.com/inssent-bags-tens-of-millions-of-yuan-in-series-a-round-of-financing-from-poly-capital/