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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, aiming to transform innovative startups into market leaders.
As of now, Photon Fund has made 12 investments, primarily in the pre-seed, seed, and seed-plus stages. The firm employs a selective investment strategy, concentrating on startups that demonstrate breakthrough innovations and significant application potential. Notable milestones include leading a $4 million seed round for Amplicore, showcasing the fund's commitment to supporting promising ventures.
Photon Fund specializes in early-stage investments, particularly in the deep-tech and biotechnology sectors. The firm follows a selective investment philosophy, targeting startups that are on the verge of significant growth and value inflection points. By investing early, Photon Fund aims to capitalize on emerging industry trends and support companies as they navigate through phases of rapid market growth.
The sectors of interest include biotech, energy, healthcare, AI, industrial, fintech, consumer, mobility, and robotics. Photon Fund seeks to invest in technologies that demonstrate breakthrough innovations and significant application potential. The firm looks for founders who are passionate about their projects and possess a clear vision for their startups, ensuring alignment with Photon Fund's investment thesis.
Photon Fund has made 12 investments to date, focusing on innovative startups in deep-tech and biotechnology. Notable investments include:
While the complete portfolio is not publicly enumerated, the firm is known for its focus on startups that are positioned for significant growth in their respective sectors. The firm’s investment strategy emphasizes supporting companies that are at critical stages of development, particularly those that are approaching value inflection points.
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 responsible for North American investments and is based in Silicon Valley, leveraging his extensive network in the region.
Rachel Liu - Operations Manager. Rachel oversees fund operations, investor relations, and post-investment management, ensuring effective support for portfolio companies.
To pitch Photon Fund, founders should use the preferred channel 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 does not specify a formal application form but encourages detailed presentations that convey the startup's potential.
Response times may vary, but founders should expect a thorough review process. Warm introductions are beneficial but not mandatory.
On April 10, 2026, Photon Fund led a $4 million seed round for Amplicore, collaborating with other prominent investors such as Industrial Technology Investment Corporation, Berkeley Catalyst Fund, and SVE Capital. This investment highlights Photon Fund's commitment to supporting innovative startups in the biotechnology sector.
As of now, Photon Fund has made a total of 12 investments, focusing on deep-tech and biotechnology startups that are poised for significant growth.
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 I apply or pitch to Photon Fund?
Founders can pitch their startups 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 VCs?
Photon Fund specializes in deep-tech investments and has a selective investment strategy that focuses on early-stage opportunities. The firm provides strategic guidance and operational support to its portfolio companies, leveraging the extensive experience of its team.
What is the geographic scope of Photon Fund's investments?
The firm primarily invests in startups located in China and Silicon Valley, focusing on innovative technology teams in these regions.
What is Photon Fund's approach to post-investment involvement?
Photon Fund adds value to its portfolio companies through strategic guidance, operational support, and investor relations. The firm ensures that startups are well-positioned for growth after receiving investment.
What is the typical check size for investments?
Photon Fund typically invests in the range of seed to seed-plus stages, with specific check sizes varying based on the startup's needs and growth potential.
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