# Who Invests With Source Code Capital: 28 Co-Investors (2026)

> The 28 investors that have backed two or more of the same startups as Source Code Capital, by kind: vc firms and private equity and asset managers.

Source: https://millionrounds.com/portfolio-maps/source-code-capital-co-investors (Millionrounds; every figure on the page links to its filing or article)

## VC firms

23

- [HSG](https://millionrounds.com/fund/hsg)
- [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital)
- [*MP* Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2)
- [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners)
- [Gaorong Capital](https://millionrounds.com/fund/gaorong-capital)
- [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi)
- [ZhenFund](https://millionrounds.com/fund/zhenfund)
- [5Y Capital](https://millionrounds.com/fund/5y-capital)
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital)
- [*VP* Vision Plus Capital](https://millionrounds.com/fund/vision-plus-capital-2)
- [BAI Capital](https://millionrounds.com/fund/bai-capital-2)
- [BlueRun Ventures](https://millionrounds.com/fund/bluerun-ventures)
- [Matrix Partners](https://millionrounds.com/fund/matrix-partners)
- [Oriental Fortune Capital](https://millionrounds.com/fund/oriental-fortune-capital)
- [Sky9 Capital](https://millionrounds.com/fund/sky9-capital)
- [GSR](https://millionrounds.com/fund/gsr)
- [*BV* Baidu Ventures](https://millionrounds.com/fund/baidu-ventures)
- [Yunqi Partners](https://millionrounds.com/fund/yunqi-partners)
- [Northern Light Venture Capital](https://millionrounds.com/fund/nlvc)
- [Legend Star](https://millionrounds.com/fund/legend-star)
- [General Catalyst](https://millionrounds.com/fund/general-catalyst)
- [SoftBank](https://millionrounds.com/fund/softbank-2)
- [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers)

## Private equity and asset managers

5

- [IDG Capital](https://millionrounds.com/fund/idg-capital)
- [Matrix](https://millionrounds.com/fund/matrix)
- [DCM Ventures](https://millionrounds.com/fund/dcm-ventures)
- [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs)
- [Cathay Capital](https://millionrounds.com/fund/cathay-capital)

## Segment by segment

### VC firms

23 investors

- [**HSG**](https://millionrounds.com/fund/hsg) VC firm Hong Kong SAR China 11 backed
- [**Shunwei Capital**](https://millionrounds.com/fund/shunwei-capital) VC firm China 7 backed
- [*MP* **Matrix Partners China**](https://millionrounds.com/fund/matrix-partners-china-2) VC firm United States 7 backed
- [**Qiming Venture Partners**](https://millionrounds.com/fund/qiming-venture-partners) VC firm Hong Kong SAR China 6 backed
- [**Gaorong Capital**](https://millionrounds.com/fund/gaorong-capital) VC firm China 5 backed
- [**Tengxun Touzi**](https://millionrounds.com/fund/tengxun-touzi) VC firm China 5 backed
- [**ZhenFund**](https://millionrounds.com/fund/zhenfund) VC firm China 4 backed
- [**5Y Capital**](https://millionrounds.com/fund/5y-capital) VC firm China 4 backed

### Private equity and asset managers

5 investors

- [**IDG Capital**](https://millionrounds.com/fund/idg-capital) Private equity China 5 backed
- [**Matrix**](https://millionrounds.com/fund/matrix) Hedge fund United Arab Emirates 3 backed
- [**DCM Ventures**](https://millionrounds.com/fund/dcm-ventures) Private equity United States 3 backed
- [**Goldman Sachs**](https://millionrounds.com/fund/goldman-sachs) Private equity United States 3 backed
- [**Cathay Capital**](https://millionrounds.com/fund/cathay-capital) Private equity France 2 backed

**How this map is made.** Every investor here has backed two or more of the same startups as Source Code Capital, in rounds we track. Grouped by kind, each ranked by how many startups it shares with Source Code Capital. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Portfolio map **Source Code Capital portfolio map** 45 startups · $3.4B](https://millionrounds.com/portfolio-maps/source-code-capital-portfolio-map)[Sector portfolio **Source Code Capital's AI portfolio** 15 startups · $901M](https://millionrounds.com/portfolio-maps/source-code-capital-ai-portfolio)[Co-investors **Who invests with Tengxun Touzi** 242 co-investors](https://millionrounds.com/portfolio-maps/tengxun-touzi-co-investors)[Co-investors **Who invests with LD Capital** 92 co-investors](https://millionrounds.com/portfolio-maps/xie-co-investors)[Co-investors **Who invests with ZhenFund** 71 co-investors](https://millionrounds.com/portfolio-maps/zhenfund-co-investors)[Co-investors **Who invests with Cathay Innovation** 64 co-investors](https://millionrounds.com/portfolio-maps/cathay-innovation-co-investors)

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