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Venture Capital
sourcecodecap.com

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Investments

358

Portfolio Exits

17

Funds

15

About 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

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Latest Source Code Capital News

Service Robot Firm Xianglu Technology Bags Several Hundred Million Yuan in Pre-A Round Financing

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.

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Source Code Capital Investments Activity

investments chart

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

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10

4/6/2022

Series A - II

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$99M

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10

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

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Amount

$22.1M

$5.4M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

5

4

1

10

10

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

$99M

17

1/22/2021

IPO

$99M

3

8/13/2020

IPO

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10

7/31/2020

Merger

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10

Date

10/12/2021

7/9/2021

1/22/2021

8/13/2020

7/31/2020

Exit

Acquired

Acquired

IPO

IPO

Merger

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

17

3

10

10

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

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$99M

10

4/21/2017

Source Code Fund III (RMB) LP

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$99M

10

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

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Status

Closed

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Amount

$1,100M

$568.39M

$570M

$99M

$99M

Sources

2

3

1

10

10

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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