Source Code Capital

Source Code Capital 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.

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.
Investors of the firm include pension funds, sovereign wealth funds, college endowments, charities and private equity firms.
The firm runs a peer and mentor alliance called "Code Class" each year, which consists of over 300 entrepreneurs and investors. Within the community, members can exchange experiences, resources and feedback to one another. Notable members of Code Class include Zhang Yiming of ByteDance and Wang Xing of Meituan.
The firm is noted to have invested in some of China's largest startups such as ByteDance, Meituan, Li Auto and Niu Technologies.
In July 2023, Source Code Capital shut down Source Code Yisu, a seed funding programme. It was speculated this was due to factors such as regulatory scrutiny, declining China–United States relations and slowing economic growth.

Funds

Notable investments

ByteDance
Guazi.com
Meituan
Li Auto
Niu Technologies