Cao Yi is the venture capital investor at Source Code Capital who personally led the firm's early seed investment in ByteDance before it became a global giant, establishing himself as one of the company's most important early institutional backers. He built Source Code around a 25-year VC 2.0 model focused on big code, big data, big network infrastructure rather than front-end apps, positioning the firm to provide patient capital and long-term support across multiple cycles.
About their Fund
Source Code Capital
Sectors
AI, Robotics, Chips, Energy, Consumer
Rounds
Seed - Series B+
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Notable Investments
Source Code Capital is led by founding partner Yi (Charlie) Cao, an early seed investor in ByteDance and former Sequoia Capital China VP, and has built its reputation by backing China's defining super-platforms like ByteDance and Meituan extremely early in their development. The fund operates Code Class, a strategic alliance of 30+ leading Chinese New Economy companies and ~150 portfolio companies that functions as a cross-portfolio mentorship and deal-flow hub, while aggressively building AI-specific and embodied AI portfolios as one of China's go-to AI capital providers.
Other partners at the fund
Notable Fund
Investments
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12
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