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Longjiang Fund

Longjiang Fund is a state-owned fund established by the Heilongjiang government and other businesses. It invests in new industries and high-tech sectors.

Overview

Longjiang Fund is a state-owned fund established by the Heilongjiang government and other businesses. It invests in new industries and high-tech sectors. Longjiang Fund has made three investments, including a Series B investment in HITSAT on August 12, 2024.

General information

Firm type

Private Equity

Year founded

2019

Location

Region

Asia

Country

China

City

Harbin

Corporate office

Harbin, China

Sector focus

Enterprise SoftwareIndustrial TechAI/MLEnergy Transition & Renewables

Frequently asked questions

What investment stages does Longjiang Fund typically target?

The firm invests across the entire private lifecycle, beginning at the seed and startup stages and extending into expansion capital, growth equity, and PIPE transactions. This broad mandate allows Longjiang to maintain ownership positions in a company from its earliest institutional round through a domestic IPO. The firm's continuity across stages reduces the friction of multi-investor coordination as portfolio companies scale.

Which sectors does Longjiang Fund actively pursue?

Longjiang's sector emphasis aligns with the industrial strengths of its home region: industrial technology, enterprise software, AI/ML applied to manufacturing, and energy transition technologies. The firm seeks out companies bringing digitization, automation, or new energy efficiency to supply chains that still rely on legacy processes.

How does Longjiang Fund source its deals?

Sourcing is deeply local. The firm draws deal flow from relationships with Harbin Institute of Technology and other regional technical universities, provincial government economic development programs, and legacy industrial state-owned enterprises seeking digital modernization partners. This network-based sourcing gives Longjiang early access to startups that need a local partner to navigate regulatory and operational complexities.

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