Legend Capital logo

Legend Capital

Asia, Beijing, China, Beijing

Description

Legend Capital, established in 2001, stands as a preeminent venture capital firm based in Beijing, China, operating as a crucial subsidiary of Legend Holdings Ltd., the parent company renowned for founding Lenovo. The firm has successfully cemented its position as one of China's leading multi-stage investment entities, primarily concentrating on early-stage and growth-stage opportunities across various high-potential sectors. Its overarching mission is deeply aligned with fostering innovation and propelling the growth of enterprises within China's dynamic technology and healthcare ecosystems.

Legend Capital's investment strategy, while broadly sector-agnostic, has historically demonstrated a pronounced focus on high-growth industries. These include Technology, Media, and Telecommunications (TMT), Healthcare, Advanced Manufacturing, and Consumer sectors. The firm is widely recognized for its hands-on approach, extending beyond mere capital provision to offer strategic guidance and operational support to its diverse portfolio companies. They exhibit significant flexibility in their investment horizon, deploying capital across various stages, from early-growth rounds (typically Series A/B) to more mature growth-stage financings (Series C and beyond).

The firm manages a substantial pool of both USD and RMB-denominated funds, with its total assets under management (AUM) reportedly exceeding 50 billion RMB, which translates to approximately $7 billion USD, depending on the prevailing exchange rate. Since its inception, Legend Capital has made over 600 investments, showcasing its extensive reach and active participation in shaping the Chinese startup landscape. Their impressive track record includes over 100 successful IPOs and more than 100 M&A exits, underscoring their consistent ability to identify, nurture, and guide high-potential companies to successful liquidity events. For initial investments, the firm typically targets cheques ranging from approximately $5 million for early-growth stage companies to upwards of $50 million for more mature, high-potential ventures.

Investor Profile

Legend Capital has backed more than 103 startups, with 23 new investments in the last 12 months alone. The firm has led 26 rounds, about 25% of its total and boasts 48 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series C, Series A rounds (top funding stages).
  • Majority of deals are located in China, United States, South Korea.
  • Strong thematic focus on Health Care, Medical, Manufacturing.
  • Led 6 rounds in the past year.
  • Typical check size: $5M – $50M.

Stage Focus

  • Series B (30%)
  • Series C (28%)
  • Series A (17%)
  • Series Unknown (8%)
  • Series D (7%)
  • Series E (5%)
  • Seed (3%)
  • Angel (2%)

Country Focus

  • China (72%)
  • United States (20%)
  • South Korea (4%)
  • Hong Kong (1%)
  • Indonesia (1%)
  • Japan (1%)

Industry Focus

  • Health Care
  • Medical
  • Manufacturing
  • Biotechnology
  • Artificial Intelligence (Ai)
  • Medical Device
  • Information Technology
  • Software
  • Biopharma
  • Pharmaceutical
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Legend Capital frequently co-invest with?

IDG Capital
Asia, Beijing, China, Beijing
Co-Investments: 6
Tencent
Asia, Guangdong, China, Shenzhen
Co-Investments: 7
Andera Partners
Europe, Ile-de-France, France, Paris
Co-Investments: 6
DCM Ventures
North America, California, United States, Menlo Park
Co-Investments: 7
Neomed Management
Europe, Oslo, Norway, Oslo
Co-Investments: 7
HongShan
Asia, Beijing, China, Beijing
Co-Investments: 5
Qiming Venture Partners
Asia, Shanghai, China, Shanghai
Co-Investments: 11
GGV Capital
North America, California, United States, Menlo Park
Co-Investments: 9
Eight Roads Ventures
Europe, England, United Kingdom, London
Co-Investments: 5
Lilly Asia Ventures
Asia, Shanghai, China, Shanghai
Co-Investments: 4

Which angels does Legend Capital often collaborate with?

JE
North America, California, United States, San Francisco
Shared Deals: 1
Bo Shen
Asia, Shanghai, China, Jingan
Shared Deals: 1
OD
Europe, England, United Kingdom, London
Shared Deals: 1
Robin Li
Asia, Beijing, China
Shared Deals: 1

What are some of recent deals done by Legend Capital?

Dipeak

Haidian, Beijing, China

Dipeak is a big data computing and artificial intelligence company that helps businesses traverse the AI era.

Artificial Intelligence (AI)Information ServicesInformation TechnologySoftware
SeedOct 28, 2025
Neolix

Beijing, Beijing, China

Neolix is a technologically innovative company that specializes in the production of physical and sports scenes.

Information TechnologyManufacturingMobile Devices
Series DOct 23, 2025
Amount Raised: $600,000,000
Fengxun Biotech

Nantong, Jiangsu, China

Fengxun Biotech is a medical testing service provider.

BiotechnologyMedical
Series ASep 23, 2025
Atom Reshape

Shenzhen, Guangdong, China

Atom Reshape's 3D printer goods are primarily aimed for the C-end consumer market.

3D PrintingArtificial Intelligence (AI)
SeedSep 23, 2025
Direct Drive Technology

Dongguang, Guangdong, China

Direct Drive Technology provides direct drive solutions to replace the reduction gears in any machine.

ElectronicsIndustrial AutomationManufacturingRobotics
Series BSep 15, 2025
X Square

Shenzhen, Guangdong, China

X Square is a company aiming to create a universal brain-cerebellum system for robots, encompassing capabilities from perception to action.

Artificial Intelligence (AI)Robotic Process Automation (RPA)Robotics
Series ASep 8, 2025
Amount Raised: $140,242,620
Obita

Hong Kong, Hong Kong Island, Hong Kong

Obita is a B2B financial network that offers stablecoin-driven transactions for enterprises, merchants, and fintechs.

Information ServicesInformation TechnologyInternet
AngelAug 31, 2025
Amount Raised: $10,000,000
Elf Life

Wuhan, Hubei, China

Elf Life is a medical device developers.

Biotechnology
AngelAug 11, 2025
Amount Raised: $13,926,413
Zhiran Medical

Beijing, Beijing, China

Zhiran Medical is a medical technology company specializing in the precise detection and treatment of neurological disorders.

Health CareMedical
Series AAug 4, 2025
Amount Raised: $41,787,968
Nova Fusion

Shanghai, Shanghai, China

Nova Fusion is an innovative company that provides commercialization of small modular nuclear fusion reactors.

EnergyIndustrialNuclear
AngelAug 1, 2025
Amount Raised: $69,330,819