Source Code Capital is a Beijing-based venture capital firm founded in 2014. The firm invests in early- and growth-stage companies across sectors including Internet+, AI+, and Global+, with a team of over 80 professionals led by partners such as Cao Yi, Huang Yungang, and Wang Xingshi. It manages total assets of USD $2.5 billion and RMB 8.8 billion as of 2021, following a USD $1 billion fundraise. In Africa, Source Code Capital invested $570 million across three rounds in Nigeria from July 2019 to August 2021, targeting fintech exclusively. The firm participated in Opay's Series A ($50 million, July 2019), Series B ($120 million, November 2019), and Series C ($400 million, August 2021), demonstrating a focus on Series A through C stages. Co-investors included HongShan, SBVA, Redpoint, GSR Ventures, and others. Source Code Capital maintains 'Code Class,' a proprietary network of over 300 entrepreneurs, limited partners, and partners for resource sharing and collaboration.
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