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Founded in 2014 by Cao Yi, a former partner at Sequoia China, Source Code Capital is based in Beijing and manages over $2.5 billion across multiple funds. The firm focuses on early-stage investments in enterprise software, AI, and developer infrastructure, with a portfolio exceeding 300 companies. Their assets under management (AUM) total approximately $7 billion.
Source Code Capital invests between $1 million and $20 million in Series A and Series B rounds, primarily targeting enterprise software, AI/ML infrastructure, and developer tools. Their investment strategy emphasizes deep tech with clear commercial applications, particularly within the Chinese market.
Notable companies in Source Code Capital's portfolio include ByteDance, an early investor, PingCAP, and Juicedata. The firm has a strong presence in the enterprise software sector across China.
Submit your pitch through their form at https://www.sourcecodecap.com/.
As of November 1, 2025, Source Code Capital has made 12 investments in the last 12 months, continuing to expand its portfolio in the technology sector.
Source Code Capital focuses on early-stage investments in enterprise software and frontier technology in China, emphasizing generational innovation.
The firm manages over $2.5 billion across multiple funds, with a significant focus on technology-driven startups.
Yes, Source Code Capital often leads investment rounds, particularly in Series A and B stages, providing substantial capital and support to portfolio companies.
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