Investments
358Portfolio Exits
17Funds
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.
Source Code Capital Headquarter Location
Room 2603 T1 Poly International Plaza Zone 7 Wangjing East Park Chaoyang District
Beijing, Beijing, 100102,
China
+8610 69943483
Research containing Source Code Capital
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CB Insights Intelligence Analysts have mentioned Source Code Capital in 5 CB Insights research briefs, most recently on Nov 20, 2019.

Latest Source Code Capital News
Apr 27, 2022
and IDG Capital, followed by existing shareholder Source Code Capital. In November of last year, Xianglu Technology announced that it had obtained 100 million yuan ($15.3 million) in an angel round of financing from Source Code Capital. The funds raised this time will be used mainly for technology R&D, production construction and organizational upgrades. Established in July 2021, Xianglu Technology is a robot R&D and application company focusing on life service scenarios. Its products cover hotel self-service terminals and distribution service robots. It has many patents and innovative applications pertaining to mobile robotic algorithms and multitask concurrent scheduling technologies. At present, many of the company’s robots have completed R&D and have been launched in the market. Marsmarch, a subsidiary brand of Xianglu Technology, has launched many products in hotel scenarios, including the self-service robot, H2, and the hotel distribution robot, H9. Now the products has been applied in more than ten hotel groups and in nearly 1,000 individual hotels under Dossen, WeHotel, Huazhu Hotels Group and BTG Homeinns. With the rapid growth of market demand for robots in China, intelligent robotic products have sprung up recently. Propelled by the demand, technological progress and policy support, the service robot field is already near to a progressive development. In the future, Xianglu Technology will focus on what it calls the “Robot + Service” path, and will continuously invest in robots that are suitable for hotels and restaurants. It will create more innovative products, improve the service system, and gradually build a new diversified service ecosystem with robots as the core.
Source Code Capital Investments
358 Investments
Source Code Capital has made 358 investments. Their latest investment was in Starna Therapeutics as part of their Series A - II on May 5, 2022.
Source Code Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/16/2022 | Series A - II | Starna Therapeutics | $22.1M | Yes | 5 | |
5/9/2022 | Series A | Ketaiya Bio | Yes | 4 | ||
5/9/2022 | Seed VC | inCreate | $5.4M | Yes | 1 | |
4/25/2022 | Seed VC - II | |||||
4/6/2022 | Series A - II |
Date | 5/16/2022 | 5/9/2022 | 5/9/2022 | 4/25/2022 | 4/6/2022 |
---|---|---|---|---|---|
Round | Series A - II | Series A | Seed VC | Seed VC - II | Series A - II |
Company | Starna Therapeutics | Ketaiya Bio | inCreate | ||
Amount | $22.1M | $5.4M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 5 | 4 | 1 |
Source Code Capital Portfolio Exits
17 Portfolio Exits
Source Code Capital has 17 portfolio exits. Their latest portfolio exit was Wind Mobility on October 12, 2021.
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 |
---|---|---|---|---|---|
10/12/2021 | Acquired | 1 | |||
7/9/2021 | Acquired | 17 | |||
1/22/2021 | IPO | 3 | |||
Date | 10/12/2021 | 7/9/2021 | 1/22/2021 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | IPO | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 17 | 3 |
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 | |
Jian Wu | Managing Partner | Current |
Name | Yi Cao | Jian Wu |
---|---|---|
Work History | ||
Title | Managing Partner | Managing Partner |
Status | Current | Current |
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