Source Code Capital

Source Code Capital, established in 2014, is a prominent venture capital firm based in China, specializing in the Technology, Media, and Telecommunications (TMT) sectors. With approximately $1.5 billion USD and RMB 3.5 billion under management, the company invests in both early-stage startups and growth-stage companies, focusing on three key areas: Internet+, AI+, and Global+. Their portfolio spans across various sectors, including media and entertainment, consumer services, enterprise, finance, retail, transportation, housing, education, and healthcare. Since its inception, Source Code Capital has successfully partnered with nearly 150 leading Chinese technology founders, such as Bytedance and Meituan. The firm offers a comprehensive range of post-investment services, mentorship, resources, and global perspectives to support its portfolio companies and their founders.

Kaisi Chang Ph.D

Executive Director

Runze Chen

Executive Director

Dandan Chen

Executive Director

Wu Fan

Managing Director

Yiwen Hao

Vice President

Yungang (Samuel) Huang

Partner

Li Lulin

Investor

Di Wang

Managing Director

Wu Jian

Partner

Tong Xiang

Partner

Lei Xin

Vice President

Di Yuan

Partner

Past deals in Consumer Electronics

Xingmai Innovation

Series A in 2024
Xingmai Innovation creates, develops, and sells intelligent swimming pool cleaning robots.

Unitree Robotics

Series B in 2024
Unitree Robotics, founded in 2016 and based in Hangzhou, China, specializes in the development of innovative robotic solutions for consumer and industrial markets. The company's diverse portfolio features a range of robots, including quadrupeds like Laikago, a four-legged robodog designed as a research platform for scientists and roboticists. Additionally, Unitree Robotics offers humanoid robots and advanced perception systems, catering to various applications across different sectors.

Xingmai Innovation

Angel Round in 2023
Xingmai Innovation creates, develops, and sells intelligent swimming pool cleaning robots.

Zhide New Energy

Series B in 2023
Zhide New Energy is a developer of approaches to synthetize new silicon anode materials. They focuses on silicon technology that can be applied to produce new materials. They also produce battery with high energy density and low cost. They manufactures battery for 3C and EV. They provide batteries for fields, such as electric vehicles, consumer electronics, house power storage, and wearable devices.

KHAT

Series B in 2022
KHAT is a developer and producer of electronically controlled suspension for passenger vehicles.

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.

Banrixian

Seed Round in 2022
Banrixian is a home technology brand.

Silicon Integrated

Series D in 2022
Wuhan Silicon Integrated Co., Ltd., established in 2016, specializes in designing and manufacturing high-performance analog and mixed-signal integrated circuits. The company's core products include intelligent audio power amplifiers, recognized by major mobile phone manufacturers, and Time-of-Flight (ToF) sensors for 3D imaging, utilizing advanced back-illuminated technology for high precision and low power consumption. These products cater to a wide range of applications such as AR/VR technology, machine vision, drones, facial recognition, and autonomous driving, enabling businesses to integrate these solutions into their products.

Shennapsi Artificial Intelligence Technology

Series B in 2021
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.

Narwal Robotics

Series C in 2020
Narwal Robotics focus on design, development, and production of intelligent cleaning robots.

Silicon Integrated

Series B in 2020
Wuhan Silicon Integrated Co., Ltd., established in 2016, specializes in designing and manufacturing high-performance analog and mixed-signal integrated circuits. The company's core products include intelligent audio power amplifiers, recognized by major mobile phone manufacturers, and Time-of-Flight (ToF) sensors for 3D imaging, utilizing advanced back-illuminated technology for high precision and low power consumption. These products cater to a wide range of applications such as AR/VR technology, machine vision, drones, facial recognition, and autonomous driving, enabling businesses to integrate these solutions into their products.

Narwal Robotics

Series B in 2020
Narwal Robotics focus on design, development, and production of intelligent cleaning robots.

RELX Technology

Series A in 2018
RELX Technology is an independent e-cigarette brand based in Beijing that focuses on developing innovative products for adult smokers. The company operates in over 50 countries and is recognized as the market leader in China, offering a diverse product portfolio that includes four distinct product lines and a smartphone app. RELX Technology emphasizes its commitment to responsible practices, having been acknowledged as a socially-responsible corporation by the Chinese government. The company employs a robust research and development strategy, utilizing advanced technologies such as artificial intelligence and facial recognition to prevent underage access to its products. Additionally, RELX Technology utilizes an integrated offline distribution model paired with branded retail stores to effectively serve the e-vapor market.

Moran Cognitive Technology

Series A in 2017
Mor.AI is an artificial intelligence company focusing on Cognitive Computing and Natural Language Understanding technology. It serves as a Conversational Services Search Platform, based on in-house voice interaction of ‘Noise reduction+Automatic Speech Recognition + Multi-round dialogue+Knowledge Graph’. In the cloud, Mor.AI connected services and contents of 50+ fields and provided 10+ transaction services. Through mainly voice interaction and with the Conversational Services Search Platform, Mor.AI built Internet of Things and Internet of Vehicles. In the home appliance industry, Mor.AI is in in-depth cooperation with manufacturers such as vivo, Konka, TCL and Sharp. In the automotive industry, it is in partnership with a number of international and local car manufacturers, for instance, Mercedes-Benz and SAIC MAXUS.

RobotLeo

Angel Round in 2015
RobotLeo, founded in 2014 and based in Beijing, China, specializes in the manufacturing of intelligent companion robots for domestic use. The company is dedicated to the research and development of advanced robots that incorporate artificial intelligence and sensory technology. Its product offerings include family robots designed to engage in simple human interactions and provide on-demand personal care for both children and the elderly. Additionally, RobotLeo has developed a range of security surveillance solutions, featuring AI-powered smart patrol robots and 2D depth surveillance cameras. Through its innovative approach, RobotLeo aims to enhance daily life and safety in home environments.

Qudian

Series E in 2015
Qudian is an electronics retailer from China that provides installment payment and investment management platform for micro-lending to fulfill short term financial needs.

Qudian

Series D in 2015
Qudian is an electronics retailer from China that provides installment payment and investment management platform for micro-lending to fulfill short term financial needs.

Qudian

Series C in 2014
Qudian is an electronics retailer from China that provides installment payment and investment management platform for micro-lending to fulfill short term financial needs.

Qudian

Series B in 2014
Qudian is an electronics retailer from China that provides installment payment and investment management platform for micro-lending to fulfill short term financial needs.
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