Source Code Capital

Source Code Capital (Chinese: 源码资本; pinyin: Yuánmǎ Zīběnn) is a Beijing-based venture capital firm founded in 2014. The firm invests in companies from various fields such as information technology, biotechnology, retail and manufacturing.[3]

Source Code Capital
Native name
源码资本
TypePrivate
IndustryVenture Capital
Founded2014 (2014)
Founders
  • Yi Cao
HeadquartersBeijing, China
ProductsInvestments
AUMUS$5.2 billion (2022)
Websitesourcecodecap.com
Footnotes / references
[1][2]

Background

Source Code Capital was founded in 2014 by Yi Cao, a computer science graduate from Tsinghua University and a vice president at Sequoia Capital China.[2][3][4][5]

Investors of the firm include pension funds, sovereign wealth funds, college endowments, charities and private equity firms.[2]

The firm runs a peer and mentor alliance called "Code Class" each year, which consists of over 300 entrepreneurs and investors.[2][5][6] Within the community, members can exchange experiences, resources and feedback to one another.[2][5][6] Notable members of Code Class include Zhang Yiming of Bytedance and Wang Xing of Meituan.[2][6]

The firm is noted to have invested in some of China's largest startups such as Bytedance, Meituan, Li Auto and Niu Technologies.[3]

Funds
Fund[7] Vintage Year Committed Capital ($m)
Source Code Fund I 2014 USD 100
Source Code Fund II 2015 USD 150
Source Code Fund III 2017 USD 260
Source Code Venture Fund IV &

Source Code Growth Fund I[2]

 2019 USD 570
Source Code Venture Fund V &

Source Code Growth Fund II[3]

 2021 USD 1,000

Notable investments

References
  1. WANG, EUDORA. "China's top venture capital companies flock to Singapore". archive.ph. Retrieved 25 December 2022.
  2. Liao, Rita (8 April 2019). "China's Source Code Capital raises $570M as it builds a powerful investor network". TechCrunch.
  3. "ByteDance-backer Source Code Capital raises $1b for latest venture funds". 2021-04-06. Archived from the original on 2021-04-06. Retrieved 2022-12-25.
  4. "Yi Cao". Forbes. Retrieved 2022-12-25.
  5. "Chinese VC firm Source Code Capital Raises $1 Billion - Pandaily". 2021-04-13. Archived from the original on 2021-04-13. Retrieved 2022-12-25.
  6. "China's Source Code builds mentoring network for start-ups". South China Morning Post. 2018-02-06. Retrieved 2022-12-25.
  7. "Source Code Capital | Palico". www.palico.com. Retrieved 2022-12-25.
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