ByteDance-backer Source Code Capital raises $1b for latest venture funds

ByteDance-backer Source Code Capital raises $1b for latest venture funds

Beijing, China. Source: Li Yang/Unsplash

Venture capital firm Source Code Capital, which has backed Chinese tech upstarts such as TikTok owner ByteDance, on Tuesday announced that it has raised $1 billion for its latest USD-denominated funds.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter