Source Code Capital
Source Code Capital (Chinese: 源码资本; pinyin: Yuánmǎ Zīběn) 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]
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Native name | 源码资本 |
---|---|
Type | Private |
Industry | Venture Capital |
Founded | 2014 |
Founders |
|
Headquarters | Beijing, China |
Products | Investments |
AUM | US$5.2 billion (2022) |
Website | sourcecodecap |
Footnotes / references [1][2] |
Background
Source Code Capital was founded in 2014 by Yi Cao, a computer science graduate from Tsinghua University and a vice president at Sequoia Capital China.[2][3][4][5]
Investors of the firm include pension funds, sovereign wealth funds, college endowments, charities and private equity firms.[2]
The firm runs a peer and mentor alliance called "Code Class" each year, which consists of over 300 entrepreneurs and investors.[2][5][6] Within the community, members can exchange experiences, resources and feedback to one another.[2][5][6] Notable members of Code Class include Zhang Yiming of Bytedance and Wang Xing of Meituan.[2][6]
The firm is noted to have invested in some of China's largest startups such as Bytedance, Meituan, Li Auto and Niu Technologies.[3]
Funds
Fund[7] | Vintage Year | Committed Capital ($m) | TVPI by 2022[8] | DPI by 2022 |
---|---|---|---|---|
Source Code Fund I | 2014 | USD 100 | 8.4 | 1.17 |
Source Code Fund II | 2015 | USD 150 | 3.3 | 0.5 |
Source Code Fund III | 2017 | USD 260 | 1.5 | 0.05 |
Source Code Venture Fund IV &
Source Code Growth Fund I[2] |
2019 | USD 570 | 2.1 | 0 |
Source Code Venture Fund V &
Source Code Growth Fund II[3] |
2021 | USD 1,000 | 1.2 | 0 |
References
- WANG, EUDORA. "China's top venture capital companies flock to Singapore". archive.ph. Retrieved 25 December 2022.
- Liao, Rita (8 April 2019). "China's Source Code Capital raises $570M as it builds a powerful investor network". TechCrunch.
- "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.
- "Yi Cao". Forbes. Retrieved 2022-12-25.
- "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.
- "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.
- "For Early ByteDance Investor and China Venture Star, the Returns Are a Paper Tiger". Retrieved 2023-07-13.