Photobase generator (PBG)-mediated thiol-epoxy photopolymerization has received widedspread attention due to its versatility in various applications. Currently, nearly all reported PBGs release amines as active species. The formed amines induce odor, yellowing, and potential toxicity. In this study, a series of novel thioxanthone-based PBGs, which were able to generate carbanion via decarboxylation under LED light irradiation, were designed and straightforwardly prepared. The formed carbanion can be used as a superbase to catalyze thiol-epoxy polymerization efficiently. Investigation on 1 H NMR and FT-IR confirmed the generation of carbanion intermediates. The counteranion significantly affected the photodecarboxylation efficiency. The study of photopolymerization tests, based on real-time FT-IR and dielectric analysis measurements, indicated that the generated carbanion exhibited faster polymerization rate and higher epoxy conversion than traditional superbase 1,8-diazabicyclo[5.4.0]undec-7-ene (DBU). In differential scanning calorimeter, thermogravimetric, and nanoindentation tests, comparable thermal and mechanical properties of the photocured films catalyzed by novel PBGs were obtained. The high initiation ability combined with straightforward synthesis makes these PBGs promising candidates for commercialization.