# Photon Fund

Photon Fund is a Venture Capital based in Shenzhen, China.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Shenzhen, China
- **Region:** Asia
- **Address:** Shenzhen, China
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** www.photonfund.cn

## Regulatory record

- **Reports private funds:** No

## About

Photon Fund is a venture capital institution that invests in A or B rounds of TMT and high-end manufacturing companies. It has made 12 investments, including a Series B investment in ABMTX on January 04, 2022. Photon Fund has facilitated three portfolio exits, with the most recent being Nelumbo on April 02, 2025.

## Sectors

- Enterprise Software
- AI/ML
- Industrial Tech
- Robotics & Automation

## Questions

### What stages does Photon Fund typically invest in?

Photon Fund concentrates on seed and early-stage investments, commonly acting as a startup's first institutional backer. The firm's model is built around identifying technically complex projects within academic and research environments before they reach broader venture markets.

### Which sectors does Photon Fund focus on?

The firm targets hard technology sectors including enterprise software, artificial intelligence and machine learning, industrial automation, and robotics. Its investment thesis is grounded in technical moat rather than business-model novelty, with a bias toward physical-world applications like industrial vision and autonomous logistics.

### How does Photon Fund differ from other early-stage Chinese venture firms?

Photon Fund's sourcing model is anchored in translational research — systematically converting university and research-institute IP into venture-backable companies. Operating from Shenzhen gives it proximity to the Huaqiangbei hardware ecosystem and a dense network of manufacturing partners, which differs from the purely digital or consumer-internet focus of many peer firms.

### What is Photon Fund's investment geographic focus?

Photon Fund primarily invests in companies located in China's Greater Bay Area, which encompasses Shenzhen, Hong Kong, and Guangzhou. It also evaluates opportunities in other major technology hubs including Beijing and Shanghai.

## Related profiles

- [Phoenix Venture Partners](https://altss.com/profile/phoenix-venture-partners)
- [PhotonVentures](https://altss.com/profile/photonventures)

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Last updated: 2026-06-03T20:00:00.000Z

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