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    Source Code Capital

    Beijing, ChinaFounded 2014
    sourcecodecap.com/en
    FintechRobotics & AutomationHealthcareDeveloper ToolsGamingData & AnalyticsBiotech & Life SciencesMobility & TransportationConsumerManufacturing

    Source Code Capital is a venture capital firm that partners with Chinese technology companies, investing across early and growth stages. Their investment focus is driven by "Internet+", "AI+", and "Global+" across sectors such as Artificial Intelligence & Robotics, Intelligent Manufacturing, Internet & Consumption, and Healthcare and Biotech+. They employ a strategy of bottoms-up fundamental thinking and in-depth research to create enduring value and support entrepreneurs through their "Code Class" ecosystem.

    Average disclosed round size is $97.8M (across 16 rounds with reported amounts).

    Find people at Source Code Capital on Goldilocks AI

    Portfolio

    20

    Fund Size

    $7B

    Top Stage

    Series C

    Last 12 Mo

    1

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    20 investments
    CompanyRoundAmountDate
    SStairMedGrowth—Apr 2026
    WWeimaiSeries D$27.3MJan 2025
    ILLA logoILLASeed—Nov 2022
    NebulaGraph logoNebulaGraphSeries A—Sep 2022
    Cataya logoCatayaSeries A$16MJul 2022
    BUD logoBUDSeries B$36.8MMay 2022
    BUD logoBUDSeries A$15MFeb 2022
    Taichi Graphics logoTaichi GraphicsSeries A$50MFeb 2022
    Hai Robotics logoHai RoboticsSeries D$200MSep 2021
    Hai Robotics logoHai RoboticsSeries C$200MSep 2021
    Hai Robotics logoHai RoboticsSeries C$200MSep 2021
    OPay logoOPaySeries C$400MAug 2021
    Mech-Mind Robotics logoMech-Mind RoboticsSeries C—May 2021
    Stori logoStoriSeries B$32.5MFeb 2021
    Stori logoStoriSeries A$10MFeb 2020
    OPay logoOPaySeries B$120MNov 2019
    OPay logoOPaySeries C$50MJul 2019
    Wind Mobility logoWind MobilitySeed$22MNov 2018
    HHuishoubaoUnknown$45M—
    DP Technology logoDP TechnologyUnknown$140M—

    Top Co-Investors

    Sequoia China8 shared
    Sequoia Capital6 shared
    5Y Capital3 shared
    VMS Group3 shared
    Walden3 shared
    GGV Capital3 shared
    Vision Plus Capital2 shared
    IDG Capital2 shared
    GSR Ventures2 shared
    Scheme Capital2 shared
    BAI Capital2 shared
    Redpoint Ventures2 shared
    Meituan2 shared
    SoftBank Ventures Asia2 shared
    Lightspeed Venture Partners1 shared
    GL Ventures1 shared
    MiraclePlus1 shared
    Bits x Bites1 shared
    Sherpa Healthcare Partners1 shared
    Opera Tech Ventures1 shared

    Last updated: 15 April 2026