Source Code Capital led the $156m Series C round in Yuanbao.

Source Code Capital, a Chinese venture capital firm, led the $156m Series C round in Yuanbao, an insurtech company. Existing investors including Cathay, Qiming, and Susquehanna participated in the round. The funds raised will be used to invest in the R&D of the main technology. The desire of Yuanbao is to develop an integrated "health plus insurance plus medical care" platform.