MSA Capital
和玉资本
MSA Capital (和玉资本) is a China-based venture capital firm that has participated in several notable growth-stage deals in the technology and healthcare sectors. Per a 2022 高榕创投 piece, it joined the $200 million Series B round for Vitaeon Therapeutics (Sironax), a biotech company developing therapies for aging-related degenerative diseases . It also followed on in Biren Technology's Series B round in 2021, a general-purpose intelligent chip design company, per 源码资本 , and was among the investors in Sand.ai's dual-round raise exceeding $100 million in mid-2026, again per 源码资本 .
elsewhere's corpus does not contain foundational details about MSA Capital's own structure — such as its founding year, fund size, or core investment thesis — beyond these deal participations.
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Coverage
MaHui | Sand.ai Raises Over $100M Across Two Rounds, Existing Investor Source Code Capital Continues to Increase Stake
Source Code Capital led the seed round of Sand.ai in 2024 and was one of the company's earliest institutional investors.
MiniMax Quietly Launched M3 and MiniMax Code — Here's What We Found After Testing Them
Cutting-edge coding capabilities, a 1M context window, and native multimodality.
Vitaeon Therapeutics Completes $200 Million Series B Round to Develop Transformative Therapies for Aging-Related Degenerative Diseases
Transforming the treatment paradigm for age-related degenerative diseases, improving quality of life for millions of patients and families worldwide.
Digital therapeutics company IBT无疆科技 announced the completion of its Pre-A+ funding round, with existing investor Source Code Capital continuing to increase its stake.
Advancing the Commercialization of Next-Generation Digital Therapeutics
3 Biopharma Companies Raise Over 1 Billion Yuan Combined | FreeS Family Funding News · October–November
Firmly bullish on the development of biomedical innovation in China
FreeS Family Funding News · July | PatPat, Yanming Biotech, Qbit, and Innostar Secure Financing
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Biren Technology, a general-purpose intelligent chip design company, announced the completion of its Series B funding round — Source Code Capital participated in the investment.
Founded just over a year ago, it has raised more than 4.7 billion yuan in total funding.
