Source Code Capital raises $568m

The Beijing-based venture capital firm has closed its fourth yuan-denominated fund.

Fund name: Source Code Fund IV-RMB
Amount raised: 3.8 billion yuan
Stage of fundraising: Final close
Predecessor fund: Source Code Fund III-RMB (1.5 billion yuan)

Source Code Capital has completed fundraising for its fourth yuan-denominated fund, Source Code Fund IV-RMB, at 3.8 billion yuan ($568.0 million; €482.9 million). The fund will invest along media and entertainment, consumer services, enterprise, finance, retail, transportation, housing, education and healthcare sectors.