Hefei Industry Investment

Hefei Industry Investment (合肥市产投) is a Chinese state-linked investment fund that appears in elsewhere's corpus primarily as a co-investor in growth-stage tech deals. The fund participated in GalaxySpace's 2022 funding round at a roughly RMB 11 billion post-money valuation, joining the round alongside CCB International as lead, Anhui Province's "Triple-First-Innovation" Fund (安徽省三重一创基金), Zhenwei Fund, and returning shareholders Legend Capital and Chaos Investment . That same round drew continued backing from early investors including Gaorong Capital and 5Y Capital, which had first backed the satellite internet startup in 2018 . The fund's activity in this deal places it within the network of provincial and municipal capital vehicles deploying into China's commercial aerospace and hard-tech sectors.