Source Code Capital

Source Code Capital, founded in 2014, is a prominent venture capital firm based in Beijing, China, specializing in the technology, media, and telecommunications (TMT) sectors. With approximately $1.5 billion in assets under management, the firm invests in both early-stage startups and growth-stage companies, having partnered with nearly 150 leading Chinese technology founders, including notable firms such as Bytedance and Meituan. Source Code Capital focuses on three key drivers: Internet+, AI+, and Global+, and allocates investments across various sectors, including finance, media and entertainment, consumer services, enterprise, retail, transportation, housing, education, and healthcare. Additionally, the firm offers a comprehensive post-investment platform that provides startups with mentorship, resources, and insights to support the growth and success of their ventures.

Yi Cao

Founding Partner

Runze Chen

VP

Hao Chen

Vice President

Dandan Chen

Investment VP

Li Gong

Investment Professional

Nan He

Investment Professional

Wenna Jing

Investor Relation Manager

Jireh Li

MD

Erin Luo

Senior Investment Associate

Yi Luo

Investment Professional

Wei Wang

Partner

Xiaoyan Wang

Legal Department VP

Di Wu

Senior Associate, Investment Deptartment

Jihong Zhang

VP

Wanrong Zhao

VP

Past deals in Eastern Asia

Deep Intelligent Control

Series A in 2023
Deep Intelligent Control is a service provider for digital intelligence innovation and energy conservation. They conduct research and develop a new generation of products and technologies for energy efficiency and Internet of Things (IoT) intelligent control, empowering the building and industrial energy-saving industries, realizing significant energy savings in electromechanical energy systems, and assisting businesses in becoming digitally intelligent, resulting in a 2% reduction in carbon emissions.

MobiDrop

Series A in 2022
MobiDrop develops microfluidic technologies for life sciences and precision medicine. MobiDrop creates cutting-edge instruments, extensive assays, and simple software for ddPCR and single-cell multi-omic platforms. MobiDrop offers ground-breaking solutions for life science research and IVD.

PowerOak

Venture Round in 2022
Developer of distributed energy storage products and microgrid technology. The company's development content covers off-grid two-way inverter, battery management and control, solar or wind energy control, industrial control, remote control and other related software and hardware systems, providing clients with solutions for household or commercial photovoltaic energy storage systems.

Senmu Leishi

Venture Round in 2022
Senmu Leishi is a research and development company for digital power supplies. They provide cycle solutions for digital power supplies. The products are the PPEC digital power supply control core and easyGo power electronics. The promoter of power electronics discipline and industry change They work in fields like industries and fields such as electric power, new energy, military industry, environmental protection, medical care, universities, and scientific research institutes.

Mech-Mind

Series C in 2022
Mech-Mind Robotics Technologies Ltd. designs, develops, and sells hardware and software solutions for logistics industry. The company manufactures smart cameras, such as Mech-Eye Smart Camera, Mech-Eye Broad Smart Camera, and Mech-Eye Pro S Smart Camera for object recognition, depalletizing, assembly, sorting, and locating. Mech-Mind Robotics Technologies Ltd. also develops software solution that allows robotic camera to recognize objects in different shapes and different sizes. In addition, the company also manufactures logistic parcels picking solution for logistic customers. Mech-Mind Robotics Technologies Ltd. was founded in 2016 and is based in Beijing, China with additional office in Munich, Germany and sale office in Shanghai, China.

HAI ROBOTICS

Series D in 2022
HAI ROBOTICS, founded in 2016 and based in Shenzhen, China, specializes in developing autonomous case-handling robotic systems for warehouse automation. The company offers a range of intelligent automation solutions, including a goods-to-person system, smart in-plant logistics, and multi-tier steel platform solutions, suitable for diverse operational scenarios. HAI ROBOTICS is a pioneer in the field, having launched its first autonomous case-handling robot, HAIPICK, in 2015. The HAIPICK system has demonstrated significant advantages, enhancing warehouse operational efficiency by three to four times and increasing storage density by 80% to 130%. The company is committed to research and development, holding numerous patents and continuously improving its products to meet the needs of a growing customer base, which includes major clients like DHL Supply Chain, BEST Supply Chain, and Philips. With the capability to deploy automation solutions within a week, HAI ROBOTICS aims to optimize warehousing operations through advanced robotics and artificial intelligence.

Js Designs

Series B in 2022
'xiaopiu', a product of Beijing Xueyun Ruichuang Technology Co., Ltd., is an online APP prototyping tool. You can enjoy a software-level smooth experience by opening a browser, cloud component library, interactive motion customization, and efficient and friendly operation. Your creativity is instantly presented. * Cloud resources, one-click reference: Users can refer to shared resources shared by others with one click, so that users can focus more on expressing their ideas and ideas, and avoid creating wheels repeatedly. * Quickly build interactive animation: After creating the state and modifying the component to the desired style, we will automatically generate the tween animation. The user can preview and adjust the animation at any time through the bottom timeline, which is quick and convenient. * Global architecture, free to master: multi-view panel lists all the pages of the project, users can quickly process and logically arrange the page, so that the entire project architecture is unobstructed.

Starna Therapeutics

Series A in 2022
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.

inCreate

Angel Round in 2022
inCreate is a provider of intelligent planning solutions for public installations.

Fork AI

Series A in 2022
Fork is a company that helps cloud service companies to acquire customers intelligently. The company's platform consists of a series of products, the main service objects focus on IaaS, PaaS and SaaS layer cloud service enterprises. Through advanced data analysis technology and public information on the entire network, we are reconstructing the business information foundation of the enterprise, building a unique quantitative evaluation system for enterprise procurement budget, and building an efficient enterprise customer analysis and matching system based on this.

Chapter Home

Seed Round in 2022
Chapter Home is a Shanghai based company.

Alpha Cen

Seed Round in 2022
Alpha Cen is a developer of wafer-level metasurface light control chips and modules. It offers a semiconductor IC-compatible process to integrate micro-nano optical metasurfaces with circuits, light sources, and photodetectors.

Yudao Bio

Series A in 2022
Shanghai Yudao Biotechnology Co., Ltd. engages in development of platform for drug development and medical bioinformatics trainings. The company was founded in 2013 and is based in Shanghai, China.

Oriental Honghu

Series A in 2022
Oriental Honghu is a digital fast-moving consumer goods brand company that mainly deals in beverage products like herbal tea.

Taichi Graphics

Series A in 2022
Taichi Graphics builds open-source graphics infrastructure and cloud platforms. Taichi programming language is a popular open-source graphics framework of Taichi Graphics.

SiBionics

Series C in 2022
SiBionics is medtech comppany specialized in the R&D and commercialization of active implantable medical devices and medical artificial intelligence. The company is based in Shenzhen, China.

Deep View Technology

Series B in 2022
Beijing Deep View Technology Co., Ltd. engaged in research on 3D computer vision algorithm. The company is based in Beijing, China.

IBT Wujiang Technology

Seed Round in 2021
IBT Wujiang Technology is a med-tech firm focusing on the use of digital therapy for the screening and treatment of cranial nerve diseases. It has promoted the development of multiple cranial nerve diseases diagnosis and treatment product pipelines, involving children with ADHD, autism, and stroke. The treatment of multiple indications such as post-cognitive impairment and schizophrenic cognitive impairment has been improved.
Singularity Energy is committed to core technology research and product development in advanced energy storage systems, and contributes industry-leading solutions to promote large-scale clean energy integration and achieve global carbon neutrality goals.

XSKY Data Technology

Series F in 2021
XSky (Beijing) Data Technology Co., Ltd. is a Chinese company specializing in software-defined infrastructure products and services. It offers a range of storage solutions, including XCBS for cloud storage, XEBS for block storage, XEUS for unified storage, XEOS for object storage, and XEDP as a unified data platform. The company also provides software-defined storage solutions with its XSCALER series. XSky serves various sectors, including finance, healthcare, education, telecommunications, and energy, catering to enterprises, government agencies, and media networks. In addition to its product offerings, XSky is a significant contributor to the open-source storage system Ceph and is recognized as a leading partner of Red Hat in China. The company collaborates with major IT firms like Intel and Dell to enhance its technology and solutions, focusing on scalable and future-ready storage options.

DPTechnology

Series B in 2021
DPTechnology, founded in 2018 and based in Beijing, China, specializes in micro-scale industrial design through advanced molecular simulation technology. The company has developed a platform that integrates artificial intelligence with molecular simulation algorithms, aiming to enhance industrial and medical research. By providing users with innovative scientific tools, DPTechnology promotes efficiency and creativity in exploring complex research challenges, thereby establishing a new paradigm in both industrial research and clinical applications.

North Ocean Photonics

Series B in 2021
North Ocean Photonics is a Smart Hardware Company.
Synapsor is a medical-grade wearable device research and development company, oriented to the AI+ medical and health field, and is committed to the development and manufacturing of AI-powered medical-grade smart wearable devices, including AI-ECG artificial intelligence. Diagnostic analysis system, CUMS uric acid blood glucose and cholesterol monitoring system, etc. The company has recently received tens of millions of yuan in Series B investment, and the investor is Xiaomi Technology.

Cyclone Robotics

Series C in 2021
Cyclone Robotics, officially known as Hongsheng Information Technology Co., Ltd., specializes in the development and sale of artificial intelligence software products that function as digital employees. The company's primary focus is on enhancing operational efficiency for enterprises across various industries, including finance, insurance, retail, and technology. By providing integrated industry solutions based on its proprietary digital employee technology, Cyclone Robotics helps organizations significantly reduce personnel and system construction costs while improving business operation quality. The company's offerings have been successfully implemented in several prominent sectors, including a large state-owned bank and leading firms in home appliances and car retail. Cyclone Robotics has garnered positive feedback from clients for its innovative solutions that streamline processes and enable employees to concentrate on higher-value tasks.

IrisView Technology

Series A in 2021
Hongyu Technology focuses on creating a new generation of operating systems that serve the next generation of terminal devices such as AR/VR. It is hoped that through the exploration, practice and promotion of the next-generation application system, it will help the advent of the space Internet and promote more efficient and convenient interaction between people and information.

Xi Jie Fried String

Series A in 2021
Xi Jie Fried String is a type of catering enterprise integrating catering chain, food research & production, marketing, and brand building.

Js Designs

Series B in 2021
'xiaopiu', a product of Beijing Xueyun Ruichuang Technology Co., Ltd., is an online APP prototyping tool. You can enjoy a software-level smooth experience by opening a browser, cloud component library, interactive motion customization, and efficient and friendly operation. Your creativity is instantly presented. * Cloud resources, one-click reference: Users can refer to shared resources shared by others with one click, so that users can focus more on expressing their ideas and ideas, and avoid creating wheels repeatedly. * Quickly build interactive animation: After creating the state and modifying the component to the desired style, we will automatically generate the tween animation. The user can preview and adjust the animation at any time through the bottom timeline, which is quick and convenient. * Global architecture, free to master: multi-view panel lists all the pages of the project, users can quickly process and logically arrange the page, so that the entire project architecture is unobstructed.

Js Designs

Series A in 2021
'xiaopiu', a product of Beijing Xueyun Ruichuang Technology Co., Ltd., is an online APP prototyping tool. You can enjoy a software-level smooth experience by opening a browser, cloud component library, interactive motion customization, and efficient and friendly operation. Your creativity is instantly presented. * Cloud resources, one-click reference: Users can refer to shared resources shared by others with one click, so that users can focus more on expressing their ideas and ideas, and avoid creating wheels repeatedly. * Quickly build interactive animation: After creating the state and modifying the component to the desired style, we will automatically generate the tween animation. The user can preview and adjust the animation at any time through the bottom timeline, which is quick and convenient. * Global architecture, free to master: multi-view panel lists all the pages of the project, users can quickly process and logically arrange the page, so that the entire project architecture is unobstructed.

Mech-Mind

Series C in 2021
Mech-Mind Robotics Technologies Ltd. designs, develops, and sells hardware and software solutions for logistics industry. The company manufactures smart cameras, such as Mech-Eye Smart Camera, Mech-Eye Broad Smart Camera, and Mech-Eye Pro S Smart Camera for object recognition, depalletizing, assembly, sorting, and locating. Mech-Mind Robotics Technologies Ltd. also develops software solution that allows robotic camera to recognize objects in different shapes and different sizes. In addition, the company also manufactures logistic parcels picking solution for logistic customers. Mech-Mind Robotics Technologies Ltd. was founded in 2016 and is based in Beijing, China with additional office in Munich, Germany and sale office in Shanghai, China.

ONES.com

Series C in 2021
ONES.AI is a technology company that provides enterprise-level R&D management solutions. ONES.AI tools include ONES Project for project progress management; ONES Plan for program management; ONES Wiki for repository management); ONES TestCase for test case and test plan management; and ONES Pipeline for continuous integration and delivery management. It has provided services to more than 20,000 enterprises and organizations including People's Daily New Media, Hi Tea, Kingsoft, HKUST Xunfei, and SASAC Research Center. It has mature solutions in the fields of new retail, games, live broadcast, fintech, artificial intelligence, and other fields. ONES.AI was founded in 2015.

HAI ROBOTICS

Series D in 2021
HAI ROBOTICS, founded in 2016 and based in Shenzhen, China, specializes in developing autonomous case-handling robotic systems for warehouse automation. The company offers a range of intelligent automation solutions, including a goods-to-person system, smart in-plant logistics, and multi-tier steel platform solutions, suitable for diverse operational scenarios. HAI ROBOTICS is a pioneer in the field, having launched its first autonomous case-handling robot, HAIPICK, in 2015. The HAIPICK system has demonstrated significant advantages, enhancing warehouse operational efficiency by three to four times and increasing storage density by 80% to 130%. The company is committed to research and development, holding numerous patents and continuously improving its products to meet the needs of a growing customer base, which includes major clients like DHL Supply Chain, BEST Supply Chain, and Philips. With the capability to deploy automation solutions within a week, HAI ROBOTICS aims to optimize warehousing operations through advanced robotics and artificial intelligence.

HAI ROBOTICS

Series C in 2021
HAI ROBOTICS, founded in 2016 and based in Shenzhen, China, specializes in developing autonomous case-handling robotic systems for warehouse automation. The company offers a range of intelligent automation solutions, including a goods-to-person system, smart in-plant logistics, and multi-tier steel platform solutions, suitable for diverse operational scenarios. HAI ROBOTICS is a pioneer in the field, having launched its first autonomous case-handling robot, HAIPICK, in 2015. The HAIPICK system has demonstrated significant advantages, enhancing warehouse operational efficiency by three to four times and increasing storage density by 80% to 130%. The company is committed to research and development, holding numerous patents and continuously improving its products to meet the needs of a growing customer base, which includes major clients like DHL Supply Chain, BEST Supply Chain, and Philips. With the capability to deploy automation solutions within a week, HAI ROBOTICS aims to optimize warehousing operations through advanced robotics and artificial intelligence.

Js Designs

Series A in 2021
'xiaopiu', a product of Beijing Xueyun Ruichuang Technology Co., Ltd., is an online APP prototyping tool. You can enjoy a software-level smooth experience by opening a browser, cloud component library, interactive motion customization, and efficient and friendly operation. Your creativity is instantly presented. * Cloud resources, one-click reference: Users can refer to shared resources shared by others with one click, so that users can focus more on expressing their ideas and ideas, and avoid creating wheels repeatedly. * Quickly build interactive animation: After creating the state and modifying the component to the desired style, we will automatically generate the tween animation. The user can preview and adjust the animation at any time through the bottom timeline, which is quick and convenient. * Global architecture, free to master: multi-view panel lists all the pages of the project, users can quickly process and logically arrange the page, so that the entire project architecture is unobstructed.

Space Transportation

Venture Round in 2021
Space Transportation designs and manufactures space transport systems intended to reduce space exploration costs. It specializes in developing reusable commercial space transport vehicles, aiming to reduce commercial launch costs associated with reentry and carrier recycling.

Keyi

Series B in 2021
Keyi is a technology startup based in China that specializes in the development of CellRobot, a modular and mobile robotic toy and platform. The product is designed to be customizable, allowing users to create various configurations and functionalities. By focusing on innovation in robotics, Keyi aims to engage users in interactive and educational experiences through its versatile robotic solutions. The company's commitment to technology and creativity positions it as a significant player in the evolving field of robotics.

Bota Biosciences

Series B in 2021
Bota Biosciences designs and develops synthetic bioengineering technology platform for bio-manufacturing. The company develops cloud databases and intelligent control software suitable for biotechnology development and production. Bota Biosciences was founded in 2019 and is based in Hangzhou, China.

Wang Xiao Lu

Series A in 2021
Wang Xiao Lu is a snack foods consumer brand that provides various types of chicken meat products.

Xian Wei YeYe

Seed Round in 2021
Grandpa Xianwei is a food flavor company that manufactures compound seasoning products to make gourmet products with Chaoshan flavor.

ONES.com

Series B in 2021
ONES.AI is a technology company that provides enterprise-level R&D management solutions. ONES.AI tools include ONES Project for project progress management; ONES Plan for program management; ONES Wiki for repository management); ONES TestCase for test case and test plan management; and ONES Pipeline for continuous integration and delivery management. It has provided services to more than 20,000 enterprises and organizations including People's Daily New Media, Hi Tea, Kingsoft, HKUST Xunfei, and SASAC Research Center. It has mature solutions in the fields of new retail, games, live broadcast, fintech, artificial intelligence, and other fields. ONES.AI was founded in 2015.

YunQuNa

Series D in 2021
YunQuNa is an online portal that offers logistics trading and services on a global scale. It provides logistics price inquiry, cargo space booking, customs clearance, logistics tracking, cargo handling and insurance.

Mech-Mind

Series C in 2021
Mech-Mind Robotics Technologies Ltd. designs, develops, and sells hardware and software solutions for logistics industry. The company manufactures smart cameras, such as Mech-Eye Smart Camera, Mech-Eye Broad Smart Camera, and Mech-Eye Pro S Smart Camera for object recognition, depalletizing, assembly, sorting, and locating. Mech-Mind Robotics Technologies Ltd. also develops software solution that allows robotic camera to recognize objects in different shapes and different sizes. In addition, the company also manufactures logistic parcels picking solution for logistic customers. Mech-Mind Robotics Technologies Ltd. was founded in 2016 and is based in Beijing, China with additional office in Munich, Germany and sale office in Shanghai, China.

Bruco Group

Series B in 2021
Bruco uses innovative technology to create the ultimate product experience and create long-term value for users. The group currently has four core business segments, including Bruker Building Blocks, Bruker Animation, Bubble Education, and Brock Education. Bruco strives to create a whole ecological industry chain with "building blocks +" as the core, and at the same time applies to build blocks to various application scenarios, and lays out a complete T (Toy toy) + A (Animation animation) + G (Game game) +E (Education Education) industry vision.

Yuanbao Insurance

Series C in 2021
Yuanbao Inc is a technology-driven online insurance distributor in China.

Powerlaw AI

Series A in 2021
Beijing PowerLaw AI Technology Co., Ltd. specializes in developing natural language processing technology specifically for the legal sector. Founded in 2017 and headquartered in Beijing, China, the company offers a range of solutions aimed at enhancing the efficiency of legal processes. These solutions include information extraction, smart secretary services, legal intelligence quizzes, event extraction, and legal semantic understanding. Additionally, PowerLaw AI provides tools for intelligent retrieval, knowledge management, clerical generation, contract review, decision support, and legal advice. By using its advanced AI platform, the company helps legal professionals streamline their workflows and improve the handling of contracts and other legal documents.

Raysolve

Pre Seed Round in 2021
Founded in 2019, Raysolve is dedicated to the R&D of Micro-LED micro-display technology, in particular chip architecture, fabrication processes and the development of single-chip, full-color technology. The core team stemmed from the Hong Kong University of Science and Technology (HKUST) with decades of experience in the design and manufacturing of cutting-edge microchips. The team announced the world’s first single-chip full-color Micro-LED micro-display in Silicon Valley in 2019.

HAI ROBOTICS

Series B in 2021
HAI ROBOTICS, founded in 2016 and based in Shenzhen, China, specializes in developing autonomous case-handling robotic systems for warehouse automation. The company offers a range of intelligent automation solutions, including a goods-to-person system, smart in-plant logistics, and multi-tier steel platform solutions, suitable for diverse operational scenarios. HAI ROBOTICS is a pioneer in the field, having launched its first autonomous case-handling robot, HAIPICK, in 2015. The HAIPICK system has demonstrated significant advantages, enhancing warehouse operational efficiency by three to four times and increasing storage density by 80% to 130%. The company is committed to research and development, holding numerous patents and continuously improving its products to meet the needs of a growing customer base, which includes major clients like DHL Supply Chain, BEST Supply Chain, and Philips. With the capability to deploy automation solutions within a week, HAI ROBOTICS aims to optimize warehousing operations through advanced robotics and artificial intelligence.

Biren Technology

Series B in 2021
Shanghai Biren Intelligent Technology Co., Ltd. specializes in the design and manufacture of intelligent chips, focusing on advanced computing solutions. The company operates in both software and hardware sectors, bringing together top industry talents, including technical experts and elite engineers, to develop innovative products. Its hardware division is dedicated to creating versatile computing solutions, while the software department enhances these offerings with specialized applications. Additionally, the company maintains a research institute that investigates key technologies related to intelligent computing systems, emphasizing the development of new architectures and advanced compilation techniques. Through these efforts, Biren Technology aims to establish itself as a leading player in the high-tech sector.

LANDBASE

Series B in 2021
LANDBASE is a food brand management company driven by the concept of innovation & fashion. Committed to integrating global R&D and production resources, LANDBASE utilizes frontier food processing technologies to redefine traditional foods and build fashionable foods for the future.

Hetao101

Series C in 2021
Hetao101 is an edtech startup based in Haidian, Beijing, China, focused on providing programming education services for children aged 6 to 12. Founded in 2017, the company develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards, emphasizing the development of programming skills. Hetao101 offers online programming courses and aims to equip young learners with essential coding knowledge to prepare for higher education and future careers in computer science. The company is dedicated to enhancing programming education through advanced technologies such as artificial intelligence and adaptive learning techniques, fostering a passion for learning among Chinese children.

Edianyun

Series E in 2021
Edianzu is an enterprise IT and office desktop leasing start-up that provides IT, office desktop, and office equipment leasing for small and medium-sized enterprises. Its customers include Jiayuan.com International Ltd, China’s largest online dating platform, and Litsoft, an IT services company under Legend Holdings.

JuLive.com

Series C in 2021
Beijing Julive Technology Co.Ltd. operates an online property valuation platform offering real estate consulting services. The company was founded in 2014 and is based in Beijing, China.

Weimai

Series C in 2020
Weimai is a developer of a health application platform intended to provide medical and health services. The company's health application platform offers an Internet-based appointment, distribution, maternal and child disease management, grading diagnosis and treatment as well as remote diagnosis, and medical records management, providing users with a family doctor application in every home.

CassTime

Series C in 2020
Shenzhen Casstime Technologies Co., Ltd. operates a business to business (B2B) trading platform for automobile spare parts. The company also offers SaaS management system for workshops, supplies chain finance, and logistic service. It provides auto parts for brands, such as Mercedes-Benz, BWM, and Audi. The platform allows users to book for a vehicle repair and maintenance service from the registered enterprises. The company was founded in 2015 and is headquartered in Shenzhen, China.

Mech-Mind

Series B in 2020
Mech-Mind Robotics Technologies Ltd. designs, develops, and sells hardware and software solutions for logistics industry. The company manufactures smart cameras, such as Mech-Eye Smart Camera, Mech-Eye Broad Smart Camera, and Mech-Eye Pro S Smart Camera for object recognition, depalletizing, assembly, sorting, and locating. Mech-Mind Robotics Technologies Ltd. also develops software solution that allows robotic camera to recognize objects in different shapes and different sizes. In addition, the company also manufactures logistic parcels picking solution for logistic customers. Mech-Mind Robotics Technologies Ltd. was founded in 2016 and is based in Beijing, China with additional office in Munich, Germany and sale office in Shanghai, China.

Bruco Group

Series A in 2020
Bruco uses innovative technology to create the ultimate product experience and create long-term value for users. The group currently has four core business segments, including Bruker Building Blocks, Bruker Animation, Bubble Education, and Brock Education. Bruco strives to create a whole ecological industry chain with "building blocks +" as the core, and at the same time applies to build blocks to various application scenarios, and lays out a complete T (Toy toy) + A (Animation animation) + G (Game game) +E (Education Education) industry vision.

GalaxySpace

Series C in 2020
GalaxySpace develops and builds LEO broadband satellite constellation, and 5G communication network. The company’s satellite applications include monitoring of airport, parking, and oil reserves, as well as assess land types and uses. GalaxySpace was founded in 2016 and is based in Haidian, China.

Wanwu Dezhi

Series C in 2020
Wanwu Dezhi is a social e-platform mainly for antique sellers and customers.

Cyclone Robotics

Series B in 2020
Cyclone Robotics, officially known as Hongsheng Information Technology Co., Ltd., specializes in the development and sale of artificial intelligence software products that function as digital employees. The company's primary focus is on enhancing operational efficiency for enterprises across various industries, including finance, insurance, retail, and technology. By providing integrated industry solutions based on its proprietary digital employee technology, Cyclone Robotics helps organizations significantly reduce personnel and system construction costs while improving business operation quality. The company's offerings have been successfully implemented in several prominent sectors, including a large state-owned bank and leading firms in home appliances and car retail. Cyclone Robotics has garnered positive feedback from clients for its innovative solutions that streamline processes and enable employees to concentrate on higher-value tasks.

HAI ROBOTICS

Series B in 2020
HAI ROBOTICS, founded in 2016 and based in Shenzhen, China, specializes in developing autonomous case-handling robotic systems for warehouse automation. The company offers a range of intelligent automation solutions, including a goods-to-person system, smart in-plant logistics, and multi-tier steel platform solutions, suitable for diverse operational scenarios. HAI ROBOTICS is a pioneer in the field, having launched its first autonomous case-handling robot, HAIPICK, in 2015. The HAIPICK system has demonstrated significant advantages, enhancing warehouse operational efficiency by three to four times and increasing storage density by 80% to 130%. The company is committed to research and development, holding numerous patents and continuously improving its products to meet the needs of a growing customer base, which includes major clients like DHL Supply Chain, BEST Supply Chain, and Philips. With the capability to deploy automation solutions within a week, HAI ROBOTICS aims to optimize warehousing operations through advanced robotics and artificial intelligence.

Galixir

Seed Round in 2020
Galixir is an artificial intelligence technology to promote the research and development of new drugs. Our artificial intelligence drug discovery platform can help drug research and development scientists greatly save time and cost in drug development. At the same time, our platform also provides comprehensive patent protection coverage for the drugs developed. Relying on cutting-edge artificial intelligence technology, Xingyao combines engineering chemistry, computational chemistry, computational biology, and cloud computing technologies to serve the various processes of drug development.

Narwal Robotics

Series C in 2020
Yunjing (Narwal) Intelligence Technology (Dongguan) Co., Ltd. designs, develops, and produces intelligent cleaning robots. The company offers Narwal T10, a self-cleaning robot cleaner for automated mop cleaning, floor cleaning, and smart mapping. The company was founded in 2016 and is headquartered in Dongguan, China with an additional office in Shenzhen, China.

Volcan Craft

Series B in 2020
Volcan Craft, also known as Shanghai Kaishan Wine Co., Ltd., is a liquor brand established in 2017 and headquartered in Shanghai, China. The company focuses on producing and selling a variety of alcoholic beverages, catering primarily to the tastes of young consumers. Volcan Craft employs a hybrid business model that combines both online and offline sales channels to enhance accessibility and engagement with its target market. Through its innovative approach, the brand aims to establish a strong presence in the competitive liquor industry.

Moody

Series A in 2020
Moody is a developer of disposable colored contact lenses brand. The company's products are well branded and packaged, as well as hygienic for users, enabling consumers to purchase quality color contact lens products.

Wangbaobao

Series B in 2020
Wangbaoba is a oatmeal brand, and consumers can buy it through some shopping platforms

Wanwu Dezhi

Series B in 2020
Wanwu Dezhi is a social e-platform mainly for antique sellers and customers.

Narwal Robotics

Series B in 2020
Yunjing (Narwal) Intelligence Technology (Dongguan) Co., Ltd. designs, develops, and produces intelligent cleaning robots. The company offers Narwal T10, a self-cleaning robot cleaner for automated mop cleaning, floor cleaning, and smart mapping. The company was founded in 2016 and is headquartered in Dongguan, China with an additional office in Shenzhen, China.

Yijiupi

Series D in 2020
Beijing Yijiupi E-Commerce Co., Ltd. is an online business-to-business trading platform specializing in liquor, food, and consumer goods. Founded in 2014, the company operates a mobile-based e-commerce platform and provides various services including supply chain and logistics management, retail chain management, and supply chain financing solutions. Initially focused on restructuring the wine supply chain, Yijiupi has expanded its offerings to include services for a broader range of beverages and food products. The company also provides warehouse and distribution sharing services, as well as offline retail chain solutions, aiming to enhance efficiency and accessibility in the market. Yijiupi is headquartered in Beijing, China, with additional operations in Wuhu, Anhui.

Wangbaobao

Series A in 2019
Wangbaoba is a oatmeal brand, and consumers can buy it through some shopping platforms

Space Transportation

Seed Round in 2019
Space Transportation designs and manufactures space transport systems intended to reduce space exploration costs. It specializes in developing reusable commercial space transport vehicles, aiming to reduce commercial launch costs associated with reentry and carrier recycling.

Baibu

Series D in 2019
Founded in December 2013, the company is the first mobile Internet company in China to reform the traditional trading model of the textile industry. Headquartered in the Haizhu District of Guangzhou City, the first to O2O mode transformation of the traditional textile trades behind the trading model is the B2B under the rising star of the vertical. As one of the leading B2B enterprises in China, Baidu is the only B2B self-operating platform in the industry. Since its formal operation, Baibu has demonstrated its considerable strength in B2B leading enterprises in the steel and chemical industries. Its core team members are from Alibaba, the United States Mission, where, Yan Man, Qiushuiyiren and industry veteran experts, well-known fabric production, distribution channels, clothing production and marketing of all aspects of textile supply chain upstream and downstream parties to master resources. 100 based on the textile industry in the field of information services, the textile market in the fierce competition in the fierce battle to get a foothold, and the performance of the state of steady growth. Since the products on the market so far, has settled in the success of the shops reached more than 5,000, the number of buyers up to more than 20,000. In 2016, the scope of services extended to Foshan, Guangdong, Dongguan, Zhejiang Hangzhou, Keqiao, Huzhou and other regions, the rapid establishment of a sound textile market channels.

Keenon Robotics

Series B in 2019
Keenon Robotics is a developer and innovator company that dedicated to develop commercial service robots.

CassTime

Series C in 2019
Shenzhen Casstime Technologies Co., Ltd. operates a business to business (B2B) trading platform for automobile spare parts. The company also offers SaaS management system for workshops, supplies chain finance, and logistic service. It provides auto parts for brands, such as Mercedes-Benz, BWM, and Audi. The platform allows users to book for a vehicle repair and maintenance service from the registered enterprises. The company was founded in 2015 and is headquartered in Shenzhen, China.

Hetao101

Series B in 2019
Hetao101 is an edtech startup based in Haidian, Beijing, China, focused on providing programming education services for children aged 6 to 12. Founded in 2017, the company develops a specialized curriculum aligned with the Computer Science Teachers Association (CSTA) teaching standards, emphasizing the development of programming skills. Hetao101 offers online programming courses and aims to equip young learners with essential coding knowledge to prepare for higher education and future careers in computer science. The company is dedicated to enhancing programming education through advanced technologies such as artificial intelligence and adaptive learning techniques, fostering a passion for learning among Chinese children.

ChaYanYueSe

Series A in 2019
ChaYanYueSe is a prominent milk tea franchise based in Changsha, China, established in mid-2014. It is recognized as the first milk tea brand in the country to embrace a traditional Chinese style, offering a unique cultural approach to its beverage offerings. The franchise specializes in a variety of crafted beverages, including cream-topped tea lattes and milk tea, aimed at delivering an innovative and enjoyable tea-drinking experience. ChaYanYueSe operates from its headquarters located on Huangxing Pedestrian Street and provides comprehensive information on franchise opportunities, including fees and discounts, through its official website.

Qingzhu

Series A in 2019
Qingzhu is a hotel industry group integrating hotel management, information technology and procurement and trade. Its main business is to realize the chain of individual hotels through light franchise, and help hotels improve through brand, operation and system. Operating efficiency, increase revenue.

Ke.com

Series D in 2019
KE Holdings Inc. operates an integrated online and offline platform for housing transactions and services in China. Founded in 2001 and headquartered in Beijing, the company facilitates a range of housing-related activities, including the sale and rental of existing and new homes, home renovation, and real estate financial solutions. It owns Lianjia, a prominent real estate brokerage brand. In 2018, the company launched Beike, a technology-driven multi-service property platform aimed at enhancing user experience and supporting real estate agents. Beike serves as an open platform that connects accredited partners with resources to create a high-quality ecosystem for second-hand, new, and rental properties. The platform also addresses the needs of Chinese families seeking overseas properties, covering 11 countries with over 10,000 listings. KE Holdings aims to expand its reach across more than 300 cities in China and to establish a robust network of partners and agents to serve millions of households.

Weimai

Series C in 2019
Weimai is a developer of a health application platform intended to provide medical and health services. The company's health application platform offers an Internet-based appointment, distribution, maternal and child disease management, grading diagnosis and treatment as well as remote diagnosis, and medical records management, providing users with a family doctor application in every home.

Cyclone Robotics

Series A in 2019
Cyclone Robotics, officially known as Hongsheng Information Technology Co., Ltd., specializes in the development and sale of artificial intelligence software products that function as digital employees. The company's primary focus is on enhancing operational efficiency for enterprises across various industries, including finance, insurance, retail, and technology. By providing integrated industry solutions based on its proprietary digital employee technology, Cyclone Robotics helps organizations significantly reduce personnel and system construction costs while improving business operation quality. The company's offerings have been successfully implemented in several prominent sectors, including a large state-owned bank and leading firms in home appliances and car retail. Cyclone Robotics has garnered positive feedback from clients for its innovative solutions that streamline processes and enable employees to concentrate on higher-value tasks.

YunQuNa

Series C in 2019
YunQuNa is an online portal that offers logistics trading and services on a global scale. It provides logistics price inquiry, cargo space booking, customs clearance, logistics tracking, cargo handling and insurance.

Zhangshangfucai

Series A in 2019
Zhangshangfucai is a Chinese online B2B platform.

Fullink Tech

Series A in 2019
Founded in August 2017, the company's founders and core teams are from the financial and Internet companies at home and abroad such as Ant Financial, JD Finance, and Citi. With the mission of artificial intelligence to drive financial inclusion, we are committed to providing automated, intelligent, data-based, and online financial risk control solutions for small and micro financial institutions (credit, insurance, leasing, etc.). Fulin has been selected into the high-level business plan of 5050 Haigui in Hangzhou High-tech Zone, and has reached strategic alliances with top Internet companies such as Ant Financial, Hang Seng Electronics, Shunwang Technology, and obtained 10 million investment in first-line capital.

Volcan Craft

Series A in 2019
Volcan Craft, also known as Shanghai Kaishan Wine Co., Ltd., is a liquor brand established in 2017 and headquartered in Shanghai, China. The company focuses on producing and selling a variety of alcoholic beverages, catering primarily to the tastes of young consumers. Volcan Craft employs a hybrid business model that combines both online and offline sales channels to enhance accessibility and engagement with its target market. Through its innovative approach, the brand aims to establish a strong presence in the competitive liquor industry.

InDeco China

Series B in 2019
InDeco is a one-stop Internet space solution provider that transforms the traditional decoration industry chain with Internet thinking and provides one-stop decoration services from space design, material matching, product selection to construction process control.

Linji

Series B in 2019
Linji, which means “your next door neighbors” in Chinese, was established in June 2017. Headquartered in Hangzhou in the Zhejiang Province, the company is founded by an experienced team who ran well-known domestic convenience stores. Today, the senior team consists of 40+ professionals, each with nearly 20 years of experience in the convenience store industry. The company values entrepreneurial passion and an innovative spirit, and has a unique understanding of customers’ convenience needs, fresh food, and online operations. It has received investment and support from a number of institutions including Source Code Capital.