Investments
421Portfolio Exits
19Funds
15About Source Code Capital
Source Code Capital is an emerging VC in China with over USD 500M and RMB 1.5bn aum. It is known for being the super hub of industrial capital in China, having formed a strategic alliance called "Code Class" which is composed of the most influential industrial investors in China. Investors of Source Code Capital are world-class top-tier Foundations and FoFs, as well as over 20 successful entrepreneurs, including founders of Meituan, Toutiao, 58, Autohome, Tencent, Qunar and other well-known companies. Since founding Source Code in 2014, Yi has led the team to make investments in various dentmakers in internet finance, B2B e-commerce, internet+services, AI-enabed etc. including Qufenqi, Toutiao, Meituan, Lianjia (Homelink), Mogujie, , Yinker, Yongqianbao, Suishouji, Yijiupi, Yimidida, Kakao, Weimai etc.
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Latest Source Code Capital News
Mar 20, 2023
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Source Code Capital Investments
421 Investments
Source Code Capital has made 421 investments. Their latest investment was in Mocang as part of their Seed VC on May 5, 2023.
Source Code Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
5/19/2023 | Seed VC | Mocang | $2.9M | Yes | 2 | |
5/18/2023 | Series B | JD Energy | $99.5M | No | 6 | |
5/16/2023 | Series A - II | Deep Controls | No | 2 | ||
4/20/2023 | Seed VC - II | |||||
4/11/2023 | Series A |
Date | 5/19/2023 | 5/18/2023 | 5/16/2023 | 4/20/2023 | 4/11/2023 |
|---|---|---|---|---|---|
Round | Seed VC | Series B | Series A - II | Seed VC - II | Series A |
Company | Mocang | JD Energy | Deep Controls | ||
Amount | $2.9M | $99.5M | |||
New? | Yes | No | No | ||
Co-Investors | |||||
Sources | 2 | 6 | 2 |
Source Code Capital Portfolio Exits
19 Portfolio Exits
Source Code Capital has 19 portfolio exits. Their latest portfolio exit was Edianyun on May 25, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
5/25/2023 | IPO | Public | 1 | ||
1/16/2023 | IPO | Public | 1 | ||
10/12/2021 | Acquired | 1 | |||
Date | 5/25/2023 | 1/16/2023 | 10/12/2021 | ||
|---|---|---|---|---|---|
Exit | IPO | IPO | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | Public | |||
Sources | 1 | 1 | 1 |
Source Code Capital Fund History
15 Fund Histories
Source Code Capital has 15 funds, including Source Code Venture RMB Fund V.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
10/11/2021 | Source Code Venture RMB Fund V | $1,100M | 2 | ||
10/19/2020 | 第四期人民币基金 (Source Code Fund IV (RMB) ) | $568.39M | 3 | ||
4/8/2019 | Source Code New Economy Fund | Multi-Stage Venture Capital | Closed | $570M | 1 |
4/21/2017 | Source Code Fund III | ||||
4/21/2017 | Source Code Fund III (RMB) LP |
Closing Date | 10/11/2021 | 10/19/2020 | 4/8/2019 | 4/21/2017 | 4/21/2017 |
|---|---|---|---|---|---|
Fund | Source Code Venture RMB Fund V | 第四期人民币基金 (Source Code Fund IV (RMB) ) | Source Code New Economy Fund | Source Code Fund III | Source Code Fund III (RMB) LP |
Fund Type | Multi-Stage Venture Capital | ||||
Status | Closed | ||||
Amount | $1,100M | $568.39M | $570M | ||
Sources | 2 | 3 | 1 |
Source Code Capital Team
2 Team Members
Source Code Capital has 2 team members, including current Managing Partner, Yi Cao.
Name | Work History | Title | Status |
|---|---|---|---|
Yi Cao | Managing Partner | Current | |
Name | Yi Cao | |
|---|---|---|
Work History | ||
Title | Managing Partner | |
Status | Current |
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