Fundraising Fox
Source Code Capital
Venture capitalBeijing · Seed–Growth · 20 people tracked
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Investment thesis
Source Code Capital practices value investing, seeking to create lasting, real value through its investments. The firm emphasizes generational innovation, top-tier business models, and strong corporate cultures, aiming to help companies become global leaders that grow sustainably. It partners closely with resilient, bold entrepreneurs, leveraging technology and management to drive commercial transformation. Beyond capital, it offers ecosystem connections, entrepreneurial education programs, and founder-support services. The firm invests across seed, early, and growth stages in sectors including AI & Robotics, intelligent manufacturing, internet & consumer, and life sciences.
Source: firm website, verified Oct 1, 2026.
Team · 20 people
from the firm's website & curated & public directories
What they invest in
from 57 of 210 portfolio companiesHardware ×24AI & Machine Learning ×20Consumer ×13Deep Tech ×13Advanced Manufacturing ×12Robotics ×9E-commerce ×8Biotech ×7
HQs:China×38United States×2United Kingdom×1Indonesia×1Mexico×1
Who they back
founder profiles across 12 portfolio companiesFounding team size:solo founder×52 founders×23 founders×24+ founders×3
Investments · 210 tracked
founders shown can be your intro pathBy year:2026 · 22023 · 12022 · 12021 · 37 dated
Block, formerly Square, runs the Square seller platform, Cash App, Afterpay and TIDAL, plus the TBD and Bitkey bitcoin businesses.
FintechRetail TechSaaSSan Francisco, US
Jack Dorsey(Founder)inJim McKelvey(Founder)inBrian Grassadonia(Executive Officer)Sivan Whiteley(Executive Officer)Amrita Ahuja(Chief Operating Officer and Chief Financial Officer)inMasashi Miyamoto(Founder)
Co-investorsA*Acequia Capital (AceCap)Bling CapitalCota CapitalFirst Round Capitalfirstminute capital+25 more
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RELX (悦刻) is a Chinese company founded in January 2018 that develops, designs, manufactures, and sells branded e-cigarette/vaping products for adult consumers.
Advanced ManufacturingConsumerHardware
Co-investorsHike Capital
Booster Robotics develops humanoid robot platforms and software tools for research, education, and commercial deployment.
AI & Machine LearningHardwareRoboticsShenzhen, CN
Cheng Hao(Founder and CEO)in
Co-investorsBroad Vision FundsPHD VenturesInnoangel
Meishanlishi manufactures commercial-grade intelligent stir-fry robots with advanced control systems and proprietary cooking algorithms for restaurant chains seeking consistent, high-quality Chinese cuisine at scale.
FoodTechHardwareRoboticsWuxi, CN
Mech-Mind develops AI-based machine vision hardware and software—including 3D cameras, vision software, and robot programming tools—for industrial robotics applications.
Advanced ManufacturingAI & Machine LearningHardwareRoboticsBeijing, CN
Tianlan Shao(Founder)in
Co-investorsIDG CapitalIntel CapitalQiming Venture PartnersHongShan Capital Group
Weimai is a digital health platform providing comprehensive, full-cycle healthcare services to populations across China through AI-powered disease management technology.
AI & Machine LearningDigital HealthHealthtechSaaSBeijing, CN
Co-investorsBaidu CapitalIDG CapitalCenova Capital
Beatbot makes robotic pool cleaners that automatically remove leaves and debris from swimming pools.
ConsumerHardwareRobotics
Co-investorsMonolith Venture Advisory Limited
Lingjie Xu(Founder)Michael Zhang Wen(Founder)Xu Lingjie(Founder)Zhang Wen(Founder)Zhang Wen Xu Lingjie(Founder)
Co-investorsCyberport Hong KongQiming Venture PartnersSky9 CapitalGaorong VenturesGlory Ventures InvestmentsHongShan Capital Group
Bota offers engineered protein solutions through strain optimization and screening, leveraging proprietary datasets to increase protein yield while reducing production costs for industrial biotech applications.
Advanced ManufacturingBiotechDeep TechFoodTechNew Materials
Dr. Cheryl Cui(CEO)
Co-investorsHongShan Capital GroupNSG VenturesMatrix Partners ChinaSherpa Healthcare Partners
ByteDance builds a portfolio of digital platforms and services focused on short-form video, content creation, e-commerce, and workplace collaboration, serving creators and consumers globally.
Creator EconomyE-commerceMedia & EntertainmentBeijing, CN
Yiming Zhang(Founder)inRubo Liang(Founder)inZhang Yiming(Founder)Liang Rubo(Founder)
Co-investors1435 Capital3Comma Capital5Y CapitalAccess Ventures (New York)Aglae VenturesAlanda Capital Holding Limited+35 more
Chemical.AI transforms chemical synthesis through artificial intelligence and retrosynthetic analysis, serving pharmaceutical, biotech, and contract research organizations with tools to optimize synthetic routes and accelerate drug discovery.
AI & Machine LearningBiotechDeep Tech
Cyclone Robotics (弘玑) offers an AI agent platform that provides "action" agents to work alongside employees and automate business tasks.
AI & Machine LearningEnterprise SoftwareRobotics
Co-investorsDCM VenturesDCMGoldman SachsLavender Hill Capital PartnersMatrixZWC Partners
D5 Render is a real-time rendering tool designed to simplify design workflows for architects and design teams.
AI & Machine LearningCloud ComputingConstruction TechDeveloper ToolsSaaS
Shouzhi (Neo) Huang(Founder)inNeo Huang(Founder)inFrank Han(Founder)inNeo Huang Shouzhi(Founder)in
DP Technology develops AI for Science tools and intelligent systems for scientific discovery, including its Uni-Fold/宇知 science discovery engine, computation and simulation software (Hermite, Piloteye), and the Bohrium research platform.
AI & Machine LearningBiotechDeep TechBeijing, CN
Linfeng Zhang(Founder)inSun Weijie(Founder)Zhang Linfeng(Founder)
Co-investorsQiming Venture PartnersVision Plus Capital
Edianyun (易点云) rents out office IT equipment — desktops, laptops (Lenovo, ThinkPad, HP, Apple), monitors, and printers — to businesses on a monthly, deposit-free, pay-as-you-go basis with full warranty and maintenance.
Enterprise SoftwareFuture of WorkHardwareBeijing, CN
Co-investorsGICShunwei Capital
Eswin manufactures 12-inch electronic-grade silicon wafers and epitaxial wafers for semiconductors used in storage chips, logic chips, image sensors, display driver chips, and power devices in communications and electric vehicle applications.
Advanced ManufacturingAI & Machine LearningHardwareIoTNew MaterialsSemiconductorsBeijing, CN
Wang Dongsheng(Chairman)
Co-investorsAddor CapitalChina Internet Investment FundIDG CapitalLegend CapitalShang Qi Capital
Faur Robotics designs and manufactures collaborative and humanoid robots for industrial and commercial applications.
Advanced ManufacturingDeep TechHardwareRoboticsSuzhou, CN
He Wang(Founder)TengZhou Yao(Founder)Wang He(Founder)Yao Tengzhou(Founder)
Co-investorsQiming Venture Partners
Hongan Robots develops proprietary IoT-enabled commercial kitchen equipment, including intelligent dishwashers and cooking appliances, for restaurant operators.
Advanced ManufacturingFoodTechHardwareIoTRobotics
ICECO manufactures automotive refrigerators and outdoor cooling products for OEM partnerships with major automakers and retail brands sold globally.
Advanced ManufacturingConsumerHardwareZhongshan, CN
KEENON Robotics develops service robots and integrated solutions, including autonomous delivery robots, guiding robots, and disinfection robots for sectors such as catering, hotels, hospitals, retail, and recreation.
HardwareIoTLogistics & Supply ChainRobotics
Co-investorsSoftBank Vision FundVertex Ventures ChinaYunqi Partners
Kitar is an online store selling refurbished, second-hand original iPhones with permanent IMEI registration, a one-year warranty, and a 7-day no-reason return policy.
Circular EconomyConsumerE-commerceJakarta, ID
Co-investorsHike Capital
Lingxing provides an ERP system that integrates cross-border e-commerce operations with financial management, enabling sellers to track profitability, allocate costs by product, and automate financial reporting.
E-commerceFintechLogistics & Supply ChainRetail TechSaaSShenzhen, CN
Co-investorsXiang He CapitalBlue Lake CapitalEastern Bell CapitalHillhouse CapitalShunwei Capital
Li Xiang(Founder)
Co-investorsHike CapitalHongShan Capital GroupMatrix Partners China
Meshy is an AI platform that generates textured, rigged, and animation-ready 3D models from text descriptions, images, or sketches.
AI & Machine LearningCreator EconomyDeveloper ToolsGamingSaaS
Yuanming Hu(Founder)
Co-investorsFelicis VenturesHongShan Capital Group
Metis Pharma is an AI-driven biotech company focused on nanomaterial innovation for targeted drug delivery and discovery, developing therapies for oncology, metabolic diseases, autoimmune disorders, and neurodegenerative conditions.
AI & Machine LearningBiotechDeep TechMedical Devices
陈红敏 (Hong-Min Chen)(Co-founder)赖才达 (Cai-Da Lai)(Co-founder)王文首 (Wen-Shou Wang)(Co-founder)
Meituan operates a digital platform for services retail and goods retail, connecting consumers with local businesses and merchants.
E-commerceFoodTechMarketplaces
Xing WANG 王兴(Founder)inWang Xing(Founder)in
Co-investorsAnjostCoatue ManagementCSVE Venture PartnersGeneral AtlanticHongShan Capital GroupMSA Novo+3 more
Moody sells daily disposable colored contact lenses direct to consumers, offering spherical lenses in cosmetic colors such as the GlowyLock Moonstone Blue.
ConsumerDirect to ConsumerE-commerce
Co-investors5Y CapitalGranite AsiaPlum VenturesXVC Venture Capital
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Moonshot AI develops large language models for knowledge work and reasoning tasks.
AI & Machine LearningBeijing, CN
Co-investorsCathay InnovationHongShan Capital GroupK3 VenturesK3V VenturesMighty CapitalMonolith Venture Advisory Limited+6 more
North Ocean Photonics develops and manufactures wafer-level optics and integrated photonics products, with in-house capabilities spanning R&D, master fabrication, mass production, and quality control.
Deep TechHardwareSemiconductorsShanghai, CN
OPay is a digital payment and financial services platform offering mobile wallet transfers, airtime and data top-ups, bill payments, a debit card, and interest-bearing savings for consumers.
ConsumerFintech
Yahui Zhou(Founder)Zhou Yahui(Founder)
Co-investorsHongShan Capital GroupSoftBank Vision FundZhenFundGaorong Ventures
PERA Global is a Chinese CAE (Computer-Aided Engineering) simulation software company that develops autonomous engineering simulation tools and AI-powered digital twin technologies for high-end manufacturing across aerospace, defense, automotive, and other industrial sectors.
Advanced ManufacturingAI & Machine LearningCloud ComputingDeep TechSaaSBeijing, CN
Shenzhen Delan Minghai New Energy (founded 2013) develops small and medium-sized user-side energy storage solutions, marketed globally under its BLUETTI brand.
CleantechEnergyHardwareShenzhen, CN
Sand.ai develops video generation models and tools that enable content creation with minimal barriers and cost.
AI & Machine LearningCreator EconomyDeep TechMedia & Entertainment
Cao Yue(Founder)
Co-investorsXiang He Capital
A medical technology company developing innovative healthcare products including glucose monitoring and AI-powered retinal screening solutions, serving consumers and healthcare professionals.
AI & Machine LearningDigital HealthHealthtechMedical DevicesSemiconductorsGuangzhou, CN
Zhejiang Sinopont Technology, founded in 2006, develops, manufactures, and sells encapsulant films for photovoltaic solar modules, including POE, EPE, white film, and EVA product lines with customization options.
CleantechEnergyNew Materials
StairMed develops invasive brain-computer interface technology, including ultra-flexible micro-nano electrodes, an implantation-assist device, an implantation surgical robot, and a high-throughput neural signal acquisition system.
Deep TechHealthtechMedical Devices
Co-investorsOrbiMed
Starna Therapeutics develops RNA-based therapeutic drugs focused on hepatic and extrahepatic targeted delivery technology.
AI & Machine LearningBiotechDeep TechSuzhou, CN
Stori offers a mobile app with consumer financial products in Mexico, including a no-annual-fee credit card with up to 10% cashback, an interest-bearing debit account, and personal loans.
ConsumerFintechMexico City, MX
Bin Chen(Founder)inGY L(Founder)Guangyu (GY) L(Founder)inSherman He(Founder)inGY Liu(Founder)Gaurav Bhatnagar(Founder)
Co-investorsGeneral CatalystLightspeed Venture PartnersNotable CapitalVision Plus CapitalZMT CapitalBAI capital+4 more
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Sunwoda is a Chinese manufacturer of lithium-ion batteries, including consumer battery cells, EV power batteries (cells, modules, packs, and BMS), and energy storage systems.
Advanced ManufacturingCleantechEnergyHardware
Co-investorsUOB Venture ManagementBroad Vision FundsShenzhen Capital Group
Synapsor manufactures a continuous glucose monitoring (CGM) system designed for diabetes patients.
AI & Machine LearningDigital HealthHealthtechMedical Devices
Co-investorsQiming Venture Partners
TenaFe develops storage semiconductor controllers for PCIe NVMe SSDs without DRAM, serving customers in gaming, AI infrastructure, data centers, and mission-critical computing applications.
AI & Machine LearningData & InfrastructureHardwareSemiconductors
Co-investorsTyche Partners
Tmall is an online shopping platform operated within the Taobao/Alibaba ecosystem, offering a wide range of branded goods including apparel, beauty, home appliances, and digital electronics from domestic and international brands.
ConsumerE-commerceMarketplaces
Co-investors01vcGeneral AtlanticVertex Ventures China
usmile sells electric toothbrushes, including models with a smart screen and multiple brushing modes, marketed directly to consumers for oral care.
ConsumerDirect to ConsumerHardware
Wang Xiaolu is a Chinese snack brand specializing in flavored chicken feet (tiger-striped chicken feet) and related marinated products, sold through online and offline retail channels nationwide.
ConsumerDirect to ConsumerFoodTechBeijing, CN
王雄 (Wang Xiong)
Co-investorsVertex Ventures China
A media platform that operates digital screens in elevators across urban China to deliver advertising to middle-class households in residential communities.
AdTechB2B MarketplacesMedia & EntertainmentChengdu, CN
Yunquna provides integrated cross-border e-commerce logistics services, including warehousing, transshipment, dropshipping, and last-mile delivery.
E-commerceLogistics & Supply ChainSaaS
Co-investorsXiang He CapitalCoatue ManagementDCMSequoia Capital
Hesung Innovation is a consumer appliance company that designs, develops, brands, and sells home and kitchen products such as fans, heaters, air conditioners, humidifiers, air fryers, and milk frothers under the DREO brand.
ConsumerHardwareIoT
Co-investorsDayone Capital
Unitree develops humanoid and quadruped robots, along with embodied AI models, for industrial, manufacturing, and consumer applications.
AI & Machine LearningHardwareRobotics
Wang Xingxing(Founder)
Co-investorsHongShan Capital GroupLuminous VenturesVertex Ventures China
Adrian StochinRichie Chen Shengdong Xu(Founder)
Co-investors5Y CapitalGeneral AtlanticHongShan Capital Group
Case-handling warehouse robotics specialist providing intelligent warehouse automation solutions.
Co-investors01vcHongShan Capital Group
Beijing-based technology company providing quality residential rental products and services.
Co-investorsGeneral AtlanticHundreds CapitalSoftBank Vision FundWarburg Pincus
YQN is a digital logistics platform that enables customers to compare rates, book shipments, and manage international logistics services including sea freight, air freight, rail, trucking, and customs clearance.
B2B MarketplacesLogistics & Supply Chain
Co-investorsCoatue ManagementDCM VenturesXiang He Capital
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AcebatteryBaibuBattery DoctorBeikeBiaoguoworksBlokees.ComBloksBoosteroboticsCarbon EnergyChocdayCygnusbioCyysteaDeepctrlsDhnanoDimension5ESWIN MaterialsForeseenbioGpixelIcanagJd Energy.ComJlcrrJusthealthKeenonrobotLdrobotLegendsemiLi AutoLiblibAILjcvsMinghaotechNarwalNezhaPagoda.ComPMPMPmpm SkincarePOCTechRuiguSeeya TechShec.EduSiok.ComTastienTechingWonderlabXiaohongdaoXYZ RoboticsXyzrobotics.ComYijiupiYimididaYinhehangtianYmtYuanbaoYuanbaobaoxianYxindataZdpowertechZhidebatteryZnlh一亩田东恒新能源东方鸿鹄中海储能乐动机器人云鲸智能众能联合健海科技元保兰凌空天行剂泰医药加速进化卧安机器人厨芯智能塔斯汀壁仞科技壹米滴答奇点能源奕信通奕斯伟材料孔辉科技字节跳动宇树科技安世亚太安仕新能源小红岛布鲁可微脉德兰明海恩和生物悦刻扬腾集团擎朗智能斯坦德机器人新潮传媒明灏科技易久批易点云星猿哲科技星迈创新星锐医药昱言生物月之暗面柯泰亚生物标果工厂梅卡曼德橙氧科技橡鹿机器人欣旺达电池每日黑巧法奥机器人浙达能源深势科技深度智控深纳普思爱科农特纳飞王小卤理想汽车百布百果园矽行半导体硅基仿生视涯科技祥邦科技美克生能源美团联盛新能源聚芯微电子腾希航空科技自如致德新能源英得尔茶颜悦色贝壳找房贝壳找房 (Ke Holdings)赛桥生物赛纳生物运去哪
Browse all 210 investments with full details →
▶10 more tracked companies
邻几银河航天银河通用机器人锐锢商城长光辰芯阶梯医疗零壹肆材料领慧立芯鲲游光电齐禾生物科技
Exits · 2
2 IPOsPortfolio news
latest coverage across their companiesMeshy · techfundingnews.com · Jul 24, 2026
Frequently asked questions
- How many investments has Source Code Capital made?
- Source Code Capital has 210 tracked investments, 2 of which have exited, including 2 dated in the last 24 months.
- What stage does Source Code Capital invest at?
- Source Code Capital invests at the Seed, Series A, Series B, Growth stages.
- What sectors does Source Code Capital focus on?
- Source Code Capital focuses on Advanced Manufacturing, AI & Machine Learning, Biotech, Consumer, Healthtech, Robotics.
- Where is Source Code Capital located?
- Source Code Capital is headquartered in Beijing, CN.
- Does Source Code Capital lead rounds?
- Yes, Source Code Capital leads investment rounds.
- Who does Source Code Capital co-invest with?
- Source Code Capital most often shares deals with HongShan Capital Group, Qiming Venture Partners, General Atlantic, among 71 tracked co-investors.
Co-investors · 8
Qiming Venture Partners (启明创投) is a China-focused venture capital firm that invests in and supports early- and growth-stage technology and healthcare companies, providing capital, industry resources, and strategic guidance through milestones such as financing, IPOs, and M&A.
This page announces that GGV Capital split into two separate firms in March 2024: Granite Asia (Singapore, covering APAC) and Notable Capital (US, based in Silicon Valley with offices in San Francisco and New York, investing in the US, Israel, Europe, and Latin America).
5Y Capital positions itself as entrepreneurs who happen to run a venture firm, focusing on finding founders with "crazy" visions that contradict market consensus when others dismiss them as unrealistic. The firm has built a track record of early bets on Chinese tech leaders like Kuaishou, Xiaomi, and SenseTime, while deliberately expanding into new domains like AI infrastructure and biotech despite having no prior experience in those sectors.
Granite Asia is an Asia-focused investment firm; this page is a republished Business Times news article featuring senior managing partner Jenny Lee discussing AI's impact on startup formation and investing trends in Asia.
General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.
Lightspeed Venture Partners is a global venture capital firm that backs founders from Seed through Series F and beyond, emphasizing deep, immersive partnerships with the companies it invests in.
Goodwater Capital is a consumer technology investment firm backing entrepreneurs building products across financial services, retail, healthcare, education, housing, transportation, and ecommerce globally.
BAI Capital is a China-based venture capital firm that invests in and supports entrepreneurs, positioning itself with local China expertise and a global network.
Firms observed investing alongside Source Code Capital, from public investor directories. Shared companies are the overlap with Source Code Capital's recorded portfolio.
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