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Photon Fund LLC was established in 2017 by a team of experienced venture capital professionals. The firm is headquartered in Shenzhen, China, with additional offices in Beijing and Silicon Valley. Photon Fund focuses on identifying and supporting technology teams to help them grow into leading global technology companies. The organization emphasizes deep-tech investments, particularly in biotechnology and advanced manufacturing.
As of now, Photon Fund has made 12 investments, showcasing its commitment to early-stage funding. The firm employs a selective investment strategy, targeting startups that are on the verge of significant growth and value inflection points. This approach allows Photon Fund to capitalize on emerging industry trends while providing strategic guidance to its portfolio companies.
Photon Fund specializes in early-stage investments, particularly in the deep-tech and biotechnology sectors. The firm targets innovative startups that demonstrate breakthrough innovations and significant application potential. Photon Fund's investment strategy is characterized by a selective and prudent approach, focusing on companies that are nearing critical growth phases. The fund aims to invest before a startup's value inflection point, increasing its investment as market trends become evident.
The sectors of interest for Photon Fund include biotech, energy, healthcare, artificial intelligence, industrial, fintech, consumer, mobility, and robotics. This diverse focus allows the firm to engage with a wide range of technologies and innovations. Photon Fund seeks to partner with founders who possess a strong vision and the capability to execute their ideas effectively.
Photon Fund has made 12 investments to date, focusing on innovative startups in deep-tech and biotechnology. Notable investments include:
The firm’s portfolio reflects its commitment to supporting companies that are positioned for rapid growth and market disruption. Photon Fund's investments span various sectors, including healthcare and advanced manufacturing, aligning with its focus on breakthrough technologies.
David Wang - Managing Partner. David has over 20 years of business and investment experience, with a strong background in IPOs across Beijing, Shanghai, and Singapore.
Howard Dong - Partner. Howard brings 18 years of equity investment experience, focusing on advanced manufacturing, environmental protection, new energy, and the internet.
James Lee - Partner. James is based in Silicon Valley and specializes in North American investments, leveraging his extensive network in the region.
Rachel Liu - Operations Manager. Rachel oversees fund operations, investor relations, and post-investment management, ensuring effective communication and support for portfolio companies.
To pitch to Photon Fund, founders should use the contact form available on their website at photonfund.vc. It is important to include a comprehensive deck that outlines the business model, market opportunity, and technology details. Photon Fund prefers warm introductions but will consider direct applications through their website. Response times may vary, but founders can expect to hear back within a few weeks.
In 2023, Photon Fund led a $4M seed round for Amplicore, collaborating with other investors such as Industrial Technology Investment Corporation, Berkeley Catalyst Fund, and SVE Capital. This investment highlights Photon Fund's commitment to supporting innovative biotechnology startups.
As of April 2026, Photon Fund continues to expand its portfolio, focusing on early-stage investments in deep-tech and biotechnology sectors. The firm remains active in identifying promising startups that align with its investment thesis.
What are Photon Fund's investment criteria?
Photon Fund focuses on early-stage investments in deep-tech and biotechnology sectors. The firm seeks startups that demonstrate breakthrough innovations and significant application potential, particularly those nearing value inflection points.
How can founders apply or pitch to Photon Fund?
Founders can pitch their ideas through the Photon Fund website at photonfund.vc. It is advisable to include a detailed business plan and highlight the innovative aspects of the technology.
What makes Photon Fund different from other venture capital firms?
Photon Fund emphasizes a selective investment strategy, focusing on deep-tech innovations and providing strategic guidance to portfolio companies. The firm leverages the extensive experience of its team to support startups in operations and investor relations.
What is the geographic scope of Photon Fund's investments?
Photon Fund primarily invests in startups located in China and Silicon Valley, focusing on companies that are developing technologies with global application potential.
What is Photon Fund's approach to post-investment involvement?
The firm actively engages with its portfolio companies, providing support in operations, investor relations, and management to ensure they are well-positioned for growth.
What is the typical check size for investments made by Photon Fund?
Photon Fund typically invests in the pre-seed, seed, and seed-plus stages, although specific check sizes are not publicly disclosed.
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