AI CAPITAL INTELLIGENCE
深圳天使母基金 | Institution profile
Institution at a glance
Shenzhen Angel Fund is a municipal government-backed policy fund focused on angel investing. Its official website reports a fund size of CNY 10 billion. It primarily guides private capital into seed and early-stage companies through angel subfunds, with a focus on strategic emerging and future industries. The manager is a separate company established by Shenzhen Investment Holdings and Shenzhen Capital Group and operates on a market-oriented basis. A public financing report lists the fund among investors in Xspark AI's angel round; the fund's individual commitment was not disclosed.
Source verification date: · The reported CNY 10 billion is the fund size stated on the official website; paid-in capital and available investment balance were not disclosed. The 2026 subfund limits are application rules, not portfolio or performance data. Xspark AI's nearly CNY 100 million round amount is not the fund's individual investment amount.
Names follow their disclosed form. Descriptive English renderings of Chinese names are not verified legal names. Original quotations are shown in their source language.
Key facts
| Full name | Shenzhen Angel Investment Guidance Fund Co., Ltd. (深圳市天使投资引导基金有限公司), commonly called Shenzhen Angel Fund |
|---|---|
| Establishing investor | Established with capital from Shenzhen Guidance Fund Investment Co., Ltd. (深圳市引导基金投资有限公司) |
| Entrusted manager | Shenzhen Angel Investment Guidance Fund Management Co., Ltd. (深圳市天使投资引导基金管理有限公司), jointly established by Shenzhen Investment Holdings and Shenzhen Capital Group; operates on a market-oriented basis |
| Fund size reported on the official website | CNY 10 billion; paid-in capital and available investment balance not stated |
| Investment approach | Primarily invests through angel subfunds to direct private capital to angel-stage projects and strategic emerging and future industries |
| 2026 subfund application rules | A subfund commitment is generally capped at CNY 200 million, and the fund's share is generally capped at 40% of a subfund's subscribed capital. These are policy rules, not the fund's direct investment amount in a company. |
Public record
- An Investment界 2026 report lists Shenzhen Angel Fund among the investors in Xspark AI's nearly CNY 100 million angel round. The report does not disclose this fund's individual commitment; the round total is not the fund's investment amount.
Official contact details
- Management company website: Shenzhen Angel Fund Management Company
- Public phone for the management company: +86 755 2616 5888
- Public email for the management company: tsfof@tsfof.com
- Management company office (source-published address): 深圳市福田区深南大道1006号深圳国际创新中心B栋二十七层
Sources
- 1. Fund overview · Shenzhen Angel Investment Guidance Fund
深圳市天使投资引导基金有限公司（简称“深圳天使母基金”）是深圳市人民政府投资发起设立的战略性、政策性基金；是深圳市对标国际一流，补齐创业投资短板，助力种子期、初创期企业发展的政策举措。深圳天使母基金由深圳市引导基金出资成立，目前规模100亿元，是国内规模最大的天使投资类政府引导基金。深圳天使母基金专注投资培育战略性新兴产业和未来产业Original Chinese-language excerpt
- 2. Management company · Shenzhen Angel Investment Guidance Fund
深圳天使母基金委托由深投控和深创投联合设立的深圳市天使投资引导基金管理有限公司（简称“深圳天使母基金管理公司”）按市场化方式运营管理。Original Chinese-language excerpt
- 3. Management company contact details · Shenzhen Angel Investment Guidance Fund
公司地址：深圳市福田区深南大道1006号深圳国际创新中心B栋二十七层 联系（投诉）电话：0755-26165888 邮箱：tsfof@tsfof.comOriginal Chinese-language excerpt
- 4. 2026 Fund Application Guide and Selection Measures
深圳市天使投资引导基金有限公司（以下简称“天使母基金”）由深圳市引导基金投资有限公司（以下简称“市引导基金”）出资设立，委托深圳市天使投资引导基金管理有限公司（以下简称“管理公司”）进行管理。天使母基金主要通过投资各类天使投资基金（以下简称“子基金”），发挥市场资源配置作用和财政资金引导放大作用，引导社会资本投向天使类项目，大力培育战略性新兴产业和未来产业，促进产业转型升级，助力深圳打造国际一流创新创业城市。Original Chinese-language excerpt
- 5. Xspark AI raises nearly CNY 100 million in an angel round · Investment界
深圳天使母基金、水木校友种子基金等多家财务投资机构，以及北洋海棠基金、特步家办等产业方跟投Original Chinese-language excerpt
- 6. Original source
深圳天使母基金、水木校友种子基金等多家财务投资机构，以及北洋海棠基金、特步家办等产业方跟投Original Chinese-language excerpt