Legend Star
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Description
Legend Star is a prominent early-stage venture capital firm based in Beijing, China, operating as the venture investment arm of the renowned Legend Holdings. The firm specializes in identifying and nurturing innovative technologies that are poised to transform traditional industries. Legend Star employs a distinctive "incubator + investment" model, providing not only capital but also strategic guidance and resources to its portfolio companies, leveraging the extensive ecosystem and network of Legend Holdings.
The firm's investment scope is broad, encompassing sectors such as TMT (Technology, Media, and Telecom), healthcare, advanced manufacturing, new materials, and environmental protection. Legend Star has established itself as a prolific investor in the Chinese startup ecosystem, having invested in over 900 companies since its inception. This extensive portfolio reflects its commitment to fostering technological innovation and industrial upgrading across various sectors.
Legend Star typically focuses on seed to Series B rounds, with a strategic emphasis on early-stage growth. While specific check sizes can vary based on the stage and potential of the startup, their investments generally range from approximately $700,000 to $7,000,000 for initial cheques. The firm has demonstrated significant fundraising capabilities, notably closing its fifth RMB fund in 2021, which raised 1.5 billion yuan (approximately $230 million USD at the time), further solidifying its capacity to support a diverse range of promising ventures.
Investor Profile
Legend Star has backed more than 34 startups, with 9 new investments in the last 12 months alone. The firm has led 5 rounds, about 15% of its total and boasts 10 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series B rounds (top funding stages).
- Majority of deals are located in United States, China, France.
- Strong thematic focus on Robotics, Biotechnology, Artificial Intelligence (AI).
- Led 3 rounds in the past year.
- Typical check size: $700K – $7M.
Stage Focus
- Seed (41%)
- Series A (32%)
- Series B (9%)
- Series Unknown (6%)
- Angel (6%)
- Series C (3%)
- Series D (3%)
Country Focus
- United States (47%)
- China (41%)
- France (6%)
- Taiwan (3%)
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- Hong Kong (3%)
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Industry Focus
- Robotics
- Biotechnology
- Artificial Intelligence (Ai)
- Software
- Manufacturing
- Health Care
- Pharmaceutical
- Saas
- Information Technology
- Machine Learning
Frequently Asked Questions
Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.
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