AfaLight

AfaLight (埃尔法光电) is a Shenzhen-based optical-module company in the photonics and optical communications sector, with FreeS Fund as a key early backer . FreeS Fund first invested at the A round and has continued to support the company through subsequent rounds, including a B+ round in 2022 where it "持续加注" (doubled down) , and has listed it among portfolio companies advancing optical chip and light-communication technologies alongside firms like Lightelligence and Lidar player 力策科技 . As of late 2025, AfaLight had completed two B+ rounds within a single year, with the second tranche led by 投控东海 in September 2025 following an earlier round from 安鑫基金 . FreeS Fund's 2026 investment thesis frames AfaLight as its bet on the optical-module segment within a broader "panning for gold in the light" strategy spanning silicon photonics, optical modules, and metalenses .