Source Code Capital Raises $1 Billion Fund

Beijing – April 9, 2021 – Cooley advised Source Code Capital, a leading Chinese venture capital firm, on the closing of its $1 billion fund, which received backing from both new and old investors. Partners Xun Zeng and Jingyi Xu led the Cooley team advising Source Code Capital.

With the new funding, Source Code Capital’s assets under management have reached $2.5 billion or RMB8.8 billion. The company will continue to make early- and growth-stage investments, focusing on investing ahead of consensus and maintaining a qualitative change investment philosophy. Source Code Capital’s multi-stage investment ability enables it to provide uninterrupted support for exceptional entrepreneurs through continuous rounds of investments across various stages of a company’s growth.

“We will continue to partner with and work hand-in-hand with visionary and audacious entrepreneurs, and through the compounded power of technology and capital, strive to change the world,” Cao Yi, CEO and founding partner of Source Code Capital, said in a news release. “We are dedicated to being the most entrepreneurial investment institution, and through outstanding performance, generating long-term and outsized returns to our investors.”

Source Code Capital devotes itself to becoming the partner of choice for leading entrepreneurs in today’s information revolution era. The company has been successfully partnering with more than 200 leading Chinese technology founders since inception in 2014.

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