# Chasing Light

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chasing-light

- Industry: Semiconductors
- Headquarters: Guangzhou, China
- Website: www.chasinglight.cn
- Total disclosed funding: $14M
- Latest round: Series A (Dec 27, 2024)
- Investors on record: 9

## About

Established in 2020 and based in Guangzhou, China, Chasing Light is a semiconductor company that focuses on research, development, and production of organic semiconductor photovoltaic materials. The founder and CEO (Chief Executive Officer) Dr. Xi Yang graduated from University of Washington and served as technical director in TCL. In 2020, the company won the first prize in Guangzhou and the second prize in Guangdong Province of China Innovation and Entrepreneurship Competition. 2021, the company built a 1000m² R&D and mass production lab and a 200×200 mm² ChasingLight OPV Module product development line. In December 2024, it raised approximately CNY 100 million in series A funding.

Chasing Light focuses on organic semiconductor technology, especially the research and development and application of organic semiconductor photovoltaic technology. It self developed products include organic photovoltaic materials, PFN series polymers, RGB host materials, flexible organic photovoltaic modules, slit coating equipment, laser etching equipment, packaging equipment.

The company generates revenue by developing and providing organic semiconductors, organic light emitting diodes, and organic photovoltaics.

The company will use the series A funding for for the construction of the 650*550mm² organic photovoltaic (OPV) module mass production line.

## Funding rounds

- Series A, Dec 27, 2024, $14M — Addor Capital, SPIC Industrial Fund Management, Guangzhou Development District City Development Fund, Suikai Equity Investment, Beihang Investment
- Angel, Mar 23, 2023 — Hong Shan, Guoke Dongfang (Shanghai) Private Equity Fund Management
- Angel, Oct 29, 2021 — Detong Capital, Jianzhi Holding

## Investors

- Detong Capital (https://capitalatlas.ai/funds/detong-capital) — Angel
- Jianzhi Holding — Angel
- Hong Shan — Angel
- Guoke Dongfang (Shanghai) Private Equity Fund Management (https://capitalatlas.ai/funds/guoke-dongfang-shanghai-private-equity-fund-management) — Angel
- Addor Capital (https://capitalatlas.ai/funds/addor-capital) — Series A
- SPIC Industrial Fund Management (https://capitalatlas.ai/funds/spic-industrial-fund-management) — Series A
- Guangzhou Development District City Development Fund (https://capitalatlas.ai/funds/guangzhou-development-district-city-development-fund) — Series A
- Suikai Equity Investment (https://capitalatlas.ai/funds/suikai-equity-investment) — Series A
- Beihang Investment (https://capitalatlas.ai/funds/beihang-investment) — Series A