Source Code Capital
Native name | 源码资本 |
|---|---|
| Company type | Private |
| Industry | Venture Capital |
| Founded | 2014 |
| Founders |
|
| Headquarters | Beijing, China |
| Products | Investments |
| AUM | US$5.2 billion (2022) |
| Website | sourcecodecap |
| Footnotes / references [1][2] | |
Source Code Capital (Chinese: 源码资本; pinyin: Yuánmǎ Zīběnn) is a Beijing-based venture capital firm founded in 2014. The firm invests in companies from various fields such as information technology, biotechnology, retail and manufacturing.[3]
Background
Source Code Capital was founded in 2014 by Yi Cao, a computer science graduate from Tsinghua University and a vice president at Sequoia Capital China. [2][3][4][5]
Investors of the firm include pension funds, sovereign wealth funds, college endowments, charities and private equity firms.[2]
The firm runs a peer and mentor alliance called "Code Class" each year, which consists of over 300 entrepreneurs and investors.[2][5][6] Within the community, members can exchange experiences, resources and feedback to one another.[2][5][6] Notable members of Code Class include Zhang Yiming of Bytedance and Wang Xing of Meituan.[2][6]
The firm is noted to have invested in some of notable China's startups such as Bytedance, Meituan, Li Auto and Niu Technologies.[3]
Funds
| Fund[7] | Vintage Year | Committed Capital ($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 |
References
- ^ WANG, EUDORA. "China's top venture capital companies flock to Singapore". archive.ph. Retrieved 25 December 2022.
- ^ a b c d e f g Liao, Rita (8 April 2019). "China's Source Code Capital raises $570M as it builds a powerful investor network". TechCrunch.
- ^ a b c d "ByteDance-backer Source Code Capital raises $1b for latest venture funds". web.archive.org. 2021-04-06. Retrieved 2022-12-25.
- ^ "Yi Cao". Forbes. Retrieved 2022-12-25.
- ^ a b c "Chinese VC firm Source Code Capital Raises $1 Billion - Pandaily". web.archive.org. 2021-04-13. Retrieved 2022-12-25.
- ^ a b c "China's Source Code builds mentoring network for start-ups". South China Morning Post. 2018-02-06. Retrieved 2022-12-25.
- ^ "Source Code Capital | Palico". www.palico.com. Retrieved 2022-12-25.
External links
[[Category:Chinese companies established in 2014] [[Category:Financial services companies established in 2014] [[Category:Investment management companies of China] [[Category:Venture capital firms of China]