Source Code Capital

Source Code Capital, established in 2014, is a prominent venture capital firm based in China that specializes in the technology, media, and telecommunications (TMT) sectors. The firm invests in both early-stage startups and growth-stage companies, having partnered with nearly 150 leading technology founders, including notable companies like Bytedance and Meituan. With significant assets under management, Source Code Capital emphasizes three key drivers: Internet+, AI+, and Global+. Its investment focus spans various sectors, including finance, media and entertainment, consumer services, enterprise, retail, transportation, housing, education, and healthcare. Additionally, Source Code Capital offers a comprehensive post-investment platform that provides startups with mentorship, resources, and insights to support their growth and development.

Yi (Charlie) Cao

Managing Partner / Founder

Wu Fan

Managing Director

Yungang (Samuel) Huang

Partner

Li Lulin

Investor

Wu Jian

Partner

Tong Xiang

Partner

Lei Xin

Vice President

Di Yuan

Partner

Past deals in Consumer Electronics

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.

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.

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, officially known as Yunjing (Narwal) Intelligence Technology (Dongguan) Co., Ltd., specializes in the design, development, and production of intelligent cleaning robots. Founded in 2016 and headquartered in Dongguan, China, with an additional office in Shenzhen, the company targets the high-end consumer market. Its flagship product, the Narwal T10, is a self-cleaning robot designed for automated mopping and floor cleaning, utilizing advanced navigation positioning, map construction, and structural design. This technology allows for efficient unmanned cleaning services, providing consumers with convenience and effective cleaning solutions.

Silicon Integrated

Series B in 2020
Wuhan Juxin Microelectronics is a cutting-edge high-tech firm that specializes in the design of high-performance analog and mixed-signal chips. The company has two major product lines: 3D optics and intelligent audio, of which the intelligent audio power amplifier has been recognized by mainstream mobile phone manufacturers for its differentiated products and excellent cost performance, and the Time-of-Flight sensor used for 3D imaging adopts The advanced back-illuminated (BSI) technology, which has the characteristics of high precision, small pixel size, high resolution, low power consumption, and full integration.

Narwal Robotics

Series B in 2020
Narwal Robotics, officially known as Yunjing (Narwal) Intelligence Technology (Dongguan) Co., Ltd., specializes in the design, development, and production of intelligent cleaning robots. Founded in 2016 and headquartered in Dongguan, China, with an additional office in Shenzhen, the company targets the high-end consumer market. Its flagship product, the Narwal T10, is a self-cleaning robot designed for automated mopping and floor cleaning, utilizing advanced navigation positioning, map construction, and structural design. This technology allows for efficient unmanned cleaning services, providing consumers with convenience and effective cleaning solutions.

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 is focused on the research and development of intelligent companion robots for home use.

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.
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