CassTime
开思汽配
CassTime (开思) is a Chinese auto-parts B2B trading platform founded in the industrial internet wave, with Source Code Capital as a key backer from its early days — the firm first co-led CassTime's Series C1 and has since repeatedly re-upped, with partner Xingshi Wang taking a lead role on the deal . The company started by connecting parts suppliers to repair shops via its "CassTime Auto Parts" marketplace, then expanded upstream into "CassTime Distribution" (开思集配), an F2B bulk-procurement platform linking OEMs, brand owners, and factories to large buyers; by late 2023 the two transaction loops were described as fully built out . It raised RMB 200 million in combined Series D2 and D3 rounds that September , and sits alongside Source Code Capital's other supply-chain bets like Yimidida, Yunquna, and Zhongneng Lianhe in the firm's portfolio .
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Coverage
MaHui Moment | CassTime, MaHui Member, Raises RMB 200 Million in Series D2 and D3 Rounds
CassTime has built a digital infrastructure that connects the entire industry chain.
Let's meet today — I'll be waiting for you at the Shenzhen office!
Source Code Capital's Shenzhen office is now officially open, embedding itself at the cutting edge of South China's tech innovation and riding the new wave of smart manufacturing!
Source Code Capital portfolio company CassTime raises $35M in Series C3 round led by returning shareholder Source Code Capital
One-stop auto aftermarket industrial internet platform & industry solutions.
Source Code Capital announced that Wei Wang has officially joined as a partner.
After joining, Wang Wei will support Source Code Capital's portfolio companies on capital markets matters, drawing on his years of experience to empower companies with capital markets development needs.
Source Code Capital Closes RMB 3.8 Billion for Fourth RMB Fund
Late-stage investment, qualitative transformation, organizational capability
Source Code Capital Wins Multiple Awards in Zero2IPO's 2020 China Equity Investment Annual Rankings
Create Lasting, Real Value
Source Code Capital Portfolio Company CassTime Announces $50 Million Series C2 Funding Round, Source Code Capital Co-Led Series C1
The business has expanded to 366 cities nationwide, serving 1.5 million vehicles per month.
Forbes Releases Major Rankings, Source Code Capital's Yi Cao and Yungang Huang Make the List
Create lasting, real value.
The Industry's Growth Double Helix
Why we say efficiency is the only competitive advantage for industrial internet companies.
