Source Code Capital
VC Fund
Chaoyang, China
Source Code Capital is a VC fund in Chaoyang focused on Artificial Intelligence and Software. Founded in 2014, Source Code Capital is a leading China VC focused on the broad TMT sectors and investing in both early stage start-ups and growth stage companies. With $1.5 billion and RMB 3.5 billion under management, Source Code Capital has been successfully partnering with close to 150 leading Chinese technology founders since inceptionincluding Bytedance, Meituan, Homelink, among many others. Source Code is focused on the “Big 3” fundamental drivers, which are Internet+, AI+, and Global+ , and invests along sectors such as media and entertainment, consumer services, enterprise, finance, retail, transportation, housing, education, and healthcare.
- Total investments:
- 342
- Last investment:
- Lead investor:
- 30%
- Fund size:
- $580M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Source Code Capital invests in
Stages Source Code Capital invests in
Countries Source Code Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 14 contacts → | |||
Round size
- Series A
- $1.5M–$50M
- Series B
- $14M–$130M
- Series C
- $30M–$200M
Investment Focus
Industry
- Artificial Intelligence 30 (9%)
- Software 29 (8%)
- E-Commerce 22 (6%)
- Manufacturing 21 (6%)
- Information Technology 19 (6%)
Stage
- Series A 99 (29%)
- Series B 81 (24%)
- Series C 39 (11%)
- Seed 36 (11%)
- Angel 23 (7%)
Country
- China 191 (56%)
- United States 8 (2%)
- Singapore 2 (1%)
- Spain 1 (0%)
- Mexico 1 (0%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Samuel Huang
Partner
|
Partner | Total investments: 0 | Find email | |
Cao Yi
Managing Partner/Founder
|
Managing Partner/Founder | Total investments: 5 | Find email | |
Chang Kaisi
Partner
|
Partner | Total investments: 1 | Find email | |
Di Yuan
Partner
|
Partner | Total investments: 0 | Find email | |
Hong-Jiang Zhang
Venture Partner
|
Venture Partner | Total investments: 0 | Find email | |
| See all 14 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Deepin Intelligent Control is a smart energy innovation company. | Series B / Sep 08, 2026 | ||
|
Yongquan Innovation
|
Yongquan Innovation is a technological firm that specializes in sophisticated desktop CNC machinery. | Seed / Aug 24, 2026 | |
| The #1 3D GenAI platform—trusted by millions worldwide. The ONLY 3D AI tool featured in A16Z's 2024 AI Tools Survey. | $400M / Series B / Jul 20, 2026 | ||
|
Critical Aerospace
|
Critical Aerospace is a technology company that develops and manufactures AI-driven liquid rocket engines for commercial launch vehicles and aerospace propulsion systems. | $29.6M / Angel / Jul 16, 2026 | |
| Deepin Intelligent Control is a smart energy innovation company. | $14.7M / Series B / Jul 09, 2026 | ||
| Senmu Leishi is a special power supply research and development company. | Series B / Jul 08, 2026 | ||
| Mochi Intelligence is a high-tech enterprise specializing in the research and development of embodied intelligent robots. The company is committed to creating intelligent robots including humanoid robots that can truly understand and adapt to the real world through cutting-edge artificial intelligence technology and robotics. | $147.2M / Seed / Jul 06, 2026 | ||
Sand.ai
|
Sand AI is an AI company that focuses on producing videos. | Series B / Jun 22, 2026 | |
| LibLib AI is an AI image generation platform that provides cutting-edge content creation through multi-scenario and multi-dimensional applications and interactions. It is a subsidiary of Beijing Singularity Star Technology Co., Ltd. | $300M / Series B / Jun 18, 2026 | ||
| Lejian Tech is a mixed reality technology and gamification solution that helps people with cervical spine health issues. They provide spinal exercise through entertainment and games. They provide for social and entertainment needs. | Series B / Jun 01, 2026 | ||
| See all 342 investments → | |||
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FAQ
What does Source Code Capital invest in?
Source Code Capital invests primarily in Artificial Intelligence, Software and E-Commerce startups, most often at Series A and Series B stage. Most of the 342 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Source Code Capital's check size?
Source Code Capital typically joins rounds of $1.5M–$50M at Series A, $14M–$130M at Series B and $30M–$200M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Source Code Capital participates in.
How do I contact Source Code Capital?
Public channels for Source Code Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Source Code Capital?
The team at Source Code Capital includes Samuel Huang (Partner), Cao Yi (Managing Partner/Founder) and Chang Kaisi (Partner), among 14 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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