# Source Code Capital

> Source Code Capital is a VC fund backing Artificial Intelligence. See 288 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Chaoyang, China
- Total investments: 288
- Last investment: Jul 2026
- Lead investor: 30%
- Fund size: $580M
- Last fund: Apr 2021
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company-beta/7944911/?pathWildcard=7944911
- Website: https://sourcecodecap.com/en/

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.

## Contacts

5 contacts available for Source Code Capital. Shizune tracks 14 team members at Source Code Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/source-code-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $2.3M–$46M |
| Series B | $14M–$120M |
| Series C | $32M–$200M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Artificial Intelligence | 27 | 9% |
| Software | 26 | 9% |
| Manufacturing | 21 | 7% |
| E-Commerce | 19 | 7% |
| Robotics | 18 | 6% |

200 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 75 | 26% |
| Series A | 73 | 25% |
| Series C | 37 | 13% |
| Seed | 30 | 10% |
| Angel | 15 | 5% |

11 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 163 | 57% |
| United States | 8 | 3% |
| Singapore | 2 | 1% |
| Spain | 1 | 0% |
| Mexico | 1 | 0% |

9 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Samuel Huang | Partner | 0 | https://shizune.co/investors/profile/samuel-huang |
| Cao Yi | Managing Partner/Founder | 5 | https://shizune.co/investors/profile/cao-yi |
| Chang Kaisi | Partner | 1 | https://shizune.co/investors/profile/chang-kaisi |
| Di Yuan | Partner | 0 | https://shizune.co/investors/profile/di-yuan |
| Hong-Jiang Zhang | Venture Partner | 0 | https://shizune.co/investors/profile/hong-jiang-zhang |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Meshy AI | 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 |  |
| Deep Intelligent Control | Deepin Intelligent Control is a smart energy innovation company. | $14.7M | Series B | Jul 09, 2026 |  |
| Senmu Leishi | Senmu Leishi is a special power supply research and development company. |  | Series B | Jul 08, 2026 |  |
| Mochi Intelligence | 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 | 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 | 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 |  |
| Starna Therapeutics | Starna Therapeutics offers development of innovative drugs with RNA as the core, and has an industry-leading RNA and organ-selective delivery technology platform with independent intellectual property rights; the company has established a rich R&D pipeline , covering infectious disease vaccines, tumor immunity and other fields. | $40M | Series B | May 12, 2026 |  |
| Booster Robotics | Accelerating Evolution is a humanoid robotics company. It provides humanoid robots to AI firms and research institutes, as well as quick mass production and supply of standard items. | $146.5M | Venture - Series Unknown | Apr 17, 2026 |  |

10 of 288 investments shown.

## Co-investors
- [HSG](https://shizune.co/investors/profile/sequoia-capital-china) — VC Fund, 28 deals together
- [Matrix Partners China](https://shizune.co/investors/profile/matrix-partners-china) — VC Fund, 27 deals together
- [Shunwei Capital](https://shizune.co/investors/profile/shunwei-china-internet-fund) — VC Fund, 26 deals together
- [HSG](https://shizune.co/investors/profile/hsg-cap) — VC Fund, 22 deals together
- [Hillhouse Investment](https://shizune.co/investors/profile/hillhouse-capital) — VC Fund, 20 deals together
- [IDG Capital](https://shizune.co/investors/profile/idg-capital-partners) — VC Fund, 20 deals together

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## FAQ

### What does Source Code Capital invest in?

Source Code Capital invests primarily in Artificial Intelligence, Software and Manufacturing startups, most often at Series B and Series A stage. Most of the 288 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 $2.3M–$46M at Series A, $14M–$120M at Series B and $32M–$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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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