NIR‐sensitized cationic polymerization proceeded with good efficiency, as was demonstrated with epoxides, vinyl ether, and oxetane. A heptacyanine functioned as sensitizer while iodonium salt served as coinitiator. The anion adopts a special function in a series selected from fluorinated phosphates (
a
: [PF
6
]
−
,
b
: [PF
3
(C
2
F
5
)
3
]
−
,
c
: [PF
3
(
n
‐C
4
F
9
)
3
]
−
), aluminates (
d
: [Al(O‐
t
‐C
4
F
9
)
4
]
−
,
e
: [Al(O(C
3
F
6
)CH
3
)
4
]
−
), and methide [C(O‐SO
2
CF
3
)
3
]
−
(
f
). Vinyl ether showed the best cationic polymerization efficiency followed by oxetanes and oxiranes. DFT calculations provided a rough pattern regarding the electrostatic potential of each anion where
d
showed a better reactivity than
e
and
b
. Formation of interpenetrating polymer networks (IPNs) using trimethylpropane triacrylate and epoxides proceeded in the case of NIR‐sensitized polymerization where anion
d
served as counter ion in the initiator system. No IPN was formed by UV‐LED initiation using the same monomers but thioxanthone/iodonium salt as photoinitiator. Exposure was carried out with new NIR‐LED devices emitting at either 805 or 870 nm.