Fujian Industry Investment

Fujian Industry Investment (福建产投基金) is a Fujian provincial government-backed industrial investment fund; elsewhere's corpus contains no dedicated profile of it — no founding date, AUM, or strategy writeup — so what can be said comes from its appearances on recent deal cap tables. Those appearances are consistent and notable: it co-invested in VAST's round alongside CDH VGC, CICC Capital and CMC Capital , joined the state-and-market fund syndicate behind StarSilicon's strategic rounds in commercial aerospace and 5G/6G satellite internet , and was among the investors in Galaxy Universal's 2.5 billion yuan raise in early 2026, per Source Code Capital's announcement . The pattern — hard-tech and embodied-AI deals, riding alongside national industrial funds and other state LPs — is that of a provincial industrial-capital vehicle deploying into strategic sectors, in line with the broader rise of government-led 产投 that 暗涌Waves has been tracking since 2023 .