Stage FocusSeed, Series A, Series B+
GeographyChina
TypeVC
Last Activity2025
Industry Focus
Industries
AIMobilityRoboticsAdvanced ManufacturingBiotechSemiconductorsEnergy TechHardware
Technical BenchLimited
Investor TypeGeneralist
ExposureSome DeepTech Investments
Bio
Source Code Capital was founded in 2014 by Yi Cao, a Tsinghua CS graduate and former Sequoia China VP, and manages $7B in AUM with 300-plus portfolio companies. The firm's claim to fame is being the earliest backer of ByteDance (TikTok's parent company), starting with a $5M investment and redoubling at every round.
The current investment strategy places AI at the center, with focus areas includin...
Notable Investments
L
Li-AutoN
Niu TechnologiesSimilar Funds
LG Technology Ventures
Seoul, South Korea
GeneralistAIAdvanced MaterialsMedtechSeedSeries A
IDG Capital
Beijing, China
GeneralistAIBiotechAdvanced ManufacturingSeedSeries A
Matrix Partners China
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GeneralistAIMobilitySemiconductorsSeedSeries A
Qiming Venture Partners
Shanghai, China
DeepTech NativeAIBiotechMedtechSeedSeries A
Vertex Holdings
Singapore
GeneralistAIBiotechMedtechSeedSeries A
Linear Capital
Shanghai, China
Pure DeepTechAIRoboticsSemiconductorsSeedSeries A