Shanghai Future Industry Fund
上海未来产业基金
Shanghai Future Industry Fund is a Shanghai government-backed investment vehicle that elsewhere's corpus touches only through its deal activity — the bundle carries no standalone profile of its size, founding, or mandate. What the record shows is two 2026 deals: it co-led (alongside Shanghai Science and Technology Innovation Group, under Shanghai International Group) the 1 billion yuan Series A of Startorus Fusion — described as a record single round for China's private nuclear fusion sector — per a Unity Ventures portfolio note from January 2026 ; and it participated, alongside Tencent, in Gaorong Ventures and Sequoia China–led funding for Pragmatik Labs (语用科技), a physical-AI agent startup, per Gaorong's own August–September 2026 reports . The visible pattern is a state fund deploying into hard-tech frontier bets — fusion and embodied AI — alongside top-tier market VCs, but elsewhere's corpus does not cover the fund's own structure or scale beyond this.
AI-generated — may contain errors, please verify.
Coverage
Gaorong Ventures Report: Physical AI, Domestic Computing Power, Controllable Nuclear Fusion, and Medical Innovation Companies Close Major Funding Rounds
From the continuous leap in model capabilities to hard tech crossing the thresholds of engineering and industrialization, a new wave of technological innovation is accelerating toward the real world.
Rhinovate Raises Pre-A Funding to Accelerate High-Performance Materials R&D With Self-Evolving Physical AI | Unity Ventures Portfolio
Building Reusable AI Infrastructure for Materials R&D
Gaorong Ventures co-leads Pragmatik Labs funding to back next-gen agent paradigm bridging digital and physical worlds
Building the Next-Generation Agent Paradigm
ZhenFund led the latest funding round for Qisuan Guangqi, advancing the development of optical computing chips and systems
Funding will be directed toward core technology R&D, product iteration, and talent development.
Dongsheng Fusion Raises $100 Million in New Funding Round, Co-Led by Qiming Venture Partners
J&T Global Express is committed to developing strong magnetic field compact fusion power plant technology using "deuterium-helium-3" as fuel.
Star Ring Energy Completes 1 Billion Yuan Series A, Setting New Record for Single Round in China's Private Nuclear Fusion Sector | Unity Ventures Portfolio News
Largest Fusion Energy Deal of the Year
