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Photon Fund

Founders David Wang Qing Zhu

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 12
Average round size
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The average size of a deal this fund participated in
$12M
Portfolio companies 10
Rounds per year 1.33
Lead investments 1
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.17
Key employees 2
Stages of investment
Early Stage Venture

Areas of investment

  • Biotechnology
  • Therapeutics
  • Medical
  • Wellness
  • Health Care
Summary

Photon Fund appeared to be the VC, which was created in 2015. The main office of represented VC is situated in the Shenzhen. The venture was found in Asia in China.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the Photon Fund, startups are often financed by ZTEVC, Kaitai Capital, KTB Ventures. The meaningful sponsors for the fund in investment in the same round are UPC Renewables, Legend Capital, KTB Ventures. In the next rounds fund is usually obtained by Vinno Capital.

Speaking about the real fund results, this VC is 5 percentage points more often commits exit comparing to other organizations. The fund is constantly included in less than 2 deals per year. The top activity for fund was in 2018. The usual things for fund are deals in the range of 10 - 50 millions dollars.

The current fund was established by David Wang, Qing Zhu. Besides them, we counted 2 critical employees of this fund in our database.

Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. Among the various public portfolio startups of the fund, we may underline CARsgen Therapeutics, Nelumbo, Hongliyu Cinema We can highlight the next thriving fund investment areas, such as Hardware, Medical. The fund has no specific favorite in a number of founders of portfolio startups. For fund there is a match between the country of its foundation and the country of its the most frequent investments - China.

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Typical Co-investors
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Photon Fund:
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Funds from China
Funds with similar focus located in China:
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Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Bichen Pharmaceutical

Biopharma
Medical
Pharmaceutical
$30M04 Jan 2022 Shanghai, Shanghai, China

Amplicore

Biotechnology
Therapeutics
$4M25 Mar 2021 Illinois, United States

Newomics

Biotechnology
Health Care
Wellness
$7M01 Dec 2020 Berkeley, California, United States

Cardea Bio

Biotechnology
Information Technology
Manufacturing
Semiconductor
$7M17 Sep 2020 San Diego, California, United States

Nelumbo

Nanotechnology
$14M16 Apr 2020 California, United States

Valitor

Biotechnology
Developer Tools
Medical
Therapeutics
$2M20 Sep 2018 Berkeley, California, United States

Newomics

Biotechnology
Health Care
Wellness
$3M09 Aug 2018 Berkeley, California, United States

Nelumbo

Nanotechnology
$5M27 Jul 2018 California, United States

Health Diagnostics
Medical
Therapeutics
$60M02 Mar 2018 Shanghai, China
News
Amplicore Closes $4M Seed Funding

– Amplicore from Cincinnati develops minimally invasive therapeutic solutions for musculoskeletal diseases.
– The company closed its $4m seed round of funding.
– The round was led by Photon Fund, with participation from Industrial Technology Investment Corporation, Berkeley Catalyst Fund, and SVE Capital.
– The new investment will be used to complete the preclinical development of the company’s two leading products, AM3101 and AM1101, and position itself for the next round of financing.

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Total investments 12
Average round size 12M
Rounds per year 1.33
Peak activity year 2018
Lead investments 1
Follow on index 0.17
Group Appearance index 0.92

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Bichen Pharmaceutical

Biopharma
Medical
Pharmaceutical
$30M04 Jan 2022 Shanghai, Shanghai, China

Amplicore

Biotechnology
Therapeutics
$4M25 Mar 2021 Illinois, United States

Newomics

Biotechnology
Health Care
Wellness
$7M01 Dec 2020 Berkeley, California, United States

Cardea Bio

Biotechnology
Information Technology
Manufacturing
Semiconductor
$7M17 Sep 2020 San Diego, California, United States

Nelumbo

Nanotechnology
$14M16 Apr 2020 California, United States

Valitor

Biotechnology
Developer Tools
Medical
Therapeutics
$2M20 Sep 2018 Berkeley, California, United States

Newomics

Biotechnology
Health Care
Wellness
$3M09 Aug 2018 Berkeley, California, United States

Nelumbo

Nanotechnology
$5M27 Jul 2018 California, United States

Health Diagnostics
Medical
Therapeutics
$60M02 Mar 2018 Shanghai, China
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