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Key people at First Light Capital.
First Light Capital is a buyout investment firm based in Beijing, China, that focuses on consolidating fragmented markets across the healthcare, technology, clean tech, and consumer sectors. The organization employs a buy-and-build strategy to acquire and scale high-growth companies operating in specialized areas such as artificial intelligence-driven retail, advanced logistics, and veterinary services. Currently managing two closed investment vehicles, including its inaugural Firstred Fund I, the firm recently launched a new $1 billion USD buyout fund to target additional capital commitments. Its investment portfolio includes technology and medical companies such as BYD Semiconductor and Ruichen Pet Healthcare, while its leadership team features former Alibaba chief executive officer Daniel Zhang as a co-leader. First Light Capital was founded in 2019 by chief executive officer Xiaodan Liu alongside director Jason Mingji Wu.
Key people at First Light Capital.
First Light Capital has 3 tracked investments across 3 companies. The latest tracked deal is $2.0M Series A in Coco in October 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 23, 2025 | Coco | $2.0M Series A | First Light Capital | Akinori Harada, Hirofumi Nakagawa, Shunya Kimura, Toshiya Kimura, Freakout Holdings |
| Sep 13, 2021 | Colossal | $15.0M Seed | Thomas Tull | Tony Robbins, Animal Capital, AT ONE Ventures, Bold Capital, Capital Factory, Climate Capital, Draper Associates, Global Space Ventures, JAZZ Venture Partners, Liquid 2 Ventures, Winklevoss Capital |
| Sep 13, 2021 | Colossal Bioscience | $15.0M Seed | Thomas Tull | Jeff Wilke, Richard Garriott, Tony Robbins, Animal Capital, AT ONE Ventures, Bold Capital, Breyer Capital, Capital Factory, Climate Capital, TIM Draper, Global Space Ventures, JAZZ Venture Partners, Liquid 2 Ventures, Winklevoss Capital |
