Legend Capital
Venture capitalActively deployingBeijing · Seed–Series C · 28 people tracked
Also known as LC MANAGEMENT (INTERNATIONAL) LIMITED · LEGEND CAPITAL ADVISORS LLC · LEGEND CAPITAL MANAGEMENT LIMITED
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Investment thesis
Legend Capital is a long-established Chinese private equity and venture capital fund manager operating under internationally recognized standards. Over more than 25 years, it has managed multiple complete fund cycles and built a sizable track record, cumulatively investing in over 700 companies, nearly 300 of which are designated 'specialized and sophisticated' (专精特新) enterprises. Its portfolio has produced 129 IPOs across various global capital markets and nearly 200 additional exits through other means, with total assets under management exceeding RMB 90 billion.
Source: firm website, verified Sep 29, 2026.
Team · 28 people
from curated & public directoriesWhat they invest in
from 40 of 83 portfolio companiesAI & Machine Learning ×12Healthtech ×11Advanced Manufacturing ×10Enterprise Software ×10Hardware ×10Consumer ×9Medical Devices ×9Biotech ×8
HQs:China×27United States×8South Korea×2France×1India×1Luxembourg×1
Investments · 83 tracked
founders shown can be your intro pathBy year:2025 · 22024 · 12022 · 42021 · 12018 · 32017 · 22014 · 12013 · 12010 · 12007 · 117 dated
Pony.ai develops autonomous driving technology and systems for multiple applications including robotaxis, robotrucks, and personally owned vehicles, serving both everyday mobility and commercial logistics markets.
AI & Machine LearningMobility & TransportationRoboticsSilicon Valley, US
James Peng(Founder)inTiancheng Lou(Founder)inJames Peng Tiancheng Lou(Founder)
PartnerFrank Hong· solo GP
Co-investors5Y CapitalComcast VenturesComet LabsDCM VenturesF-Prime CapitalHongShan Capital Group+3 more
NetEase Youdao is an AI-powered learning platform company that provides language learning tools and online courses for students and professionals.
AI & Machine LearningConsumerEdTechBeijing, CN
Feng Zhou(Founder)in
PartnerFrank Hong· solo GP
Dexter Studios is a South Korean content production company specializing in visual effects, virtual production, and digital content creation for films, television, and immersive media.
ConsumerCreator EconomyMedia & EntertainmentSeoul, KR
Kim Yong-hwa(Founder)
Co-investorsAju IB InvestmentLB Investment
Indi Molecular develops small-molecule oncology therapeutics based on protein-catalyzed capture agents (PCCs) created through click chemistry, a synthetic process developed in collaboration with Caltech.
BiotechDeep TechMedical DevicesCulver City, US
James Heath(Director)Leroy Hood(Director)Andreas Jurgeit(Director)inHeather Agnew(Executive Officer)Albert Luderer(Executive Officer, Director)Darren Cai(Director)
PartnerFrank Hong· solo GP
Co-investorsM VenturesAsset Management CompanyAsset Management Ventures
MacroLux Medical Technology develops endoscopic imaging systems and related medical devices.
HardwareHealthtechMedical DevicesShenzhen, CN
Co-investorsDalton VentureYuanBio Venture CapitalB Capital GroupB4 Capital
Abogen Biosciences is a clinical-stage biotechnology company developing RNA-based medicines, with in-house capabilities spanning the full mRNA drug development cycle including protein engineering, mRNA sequence design and synthesis, lipid nanoparticle delivery, formulation, and commercial-scale manufacturing.
BiotechDeep TechHealthtech
Bo Ying(Founder)
Co-investors5Y CapitalCoatue ManagementFuzhou Jiebao Rongan Venture CapitalQiming Venture PartnersSoftBank Vision FundBoyu Capital+7 more
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
Gao Yang(Founder)Hou Ying(Founder)Zhou Daixing(Founder)
PartnerFrank Hong· solo GP
Co-investorsQiming Venture Partners
Bespin Global provides enterprise AI transformation services, including AI strategy consulting, agentic AI platforms, cloud managed services (MSP) with AIOps automation, data operations, and cloud security.
AI & Machine LearningCloud ComputingCybersecurityData & InfrastructureEnterprise Software
Hanju Lee(Co-Founder & CEO)이한주(Co-Founder & CEO)
Co-investorsGroom InvestmentPremier Partners
Leading provider of orthopedic products to the Chinese healthcare market.
Co-investorsOrbiMed
Battery manufacturer (SZSE: 300750)
PartnerFrank Hong· solo GP
Co-investorsLenovo Capital and Incubator Group (LCIG)LingottoNIO Capital
ClinChoice operates a network of investigator sites that participate in clinical studies to support drug and device development.
BiotechHealthtechMedical DevicesPhiladelphia, US
Dr. John Balian(CEO)
PartnerFrank Hong· solo GP
Co-investorsDFJ DragonFundDraper AssociatesDraper DragonApricot CapitalLilly Asia VenturesSherpa Healthcare Partners
PartnerFrank Hong· solo GP
Shenzhen Keri Technology designs and manufactures industrial automation equipment and precision mechanical parts for advanced manufacturing across multiple sectors including mobile devices, new energy, semiconductors, automotive, and medical devices.
Advanced ManufacturingHardwareRoboticsShenzhen, CN
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
Beijing, CN
Mr. Qiao Xin(Founder)
PartnerFrank Hong· solo GP
Co-investorsHongtai Capital Holdings
Guangdong Kaijin New Energy Technology, founded in 2012, researches, manufactures, and sells battery anode materials including artificial graphite, silicon-based, and hard carbon anode materials for energy storage.
CleantechEnergyNew Materials
PartnerFrank Hong· solo GP
Ride-hailing and mobility platform (testimonial from founder Will Cheng).
Haidian, CN
Cheng Wei(Founder)Jean Liu(Founder)
PartnerFrank Hong· solo GP
Co-investors137 Ventures5Y CapitalA-Rod CorpACME CapitalAliya Capital PartnersAlpha Wave Global+16 more
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
Eswin manufactures 12-inch electronic-grade silicon wafers and epitaxial wafers for semiconductors used in storage chips, logic chips, image sensors, display driver chips, and power devices in communications and electric vehicle applications.
Advanced ManufacturingAI & Machine LearningHardwareIoTNew MaterialsSemiconductorsBeijing, CN
Wang Dongsheng(Chairman)
PartnerFrank Hong· solo GP
Co-investorsAddor CapitalSource Code CapitalChina Internet Investment FundIDG CapitalShang Qi Capital
Shanghai Fullhan Microelectronics designs SoC chips for network cameras, integrating ISP image processing, H.264/JPEG encoders, and NPU-based smart detection.
AI & Machine LearningHardwareSemiconductorsShanghai, CN
PartnerFrank Hong· solo GP
Gambol is a pet food company that manufactures and supplies dry food, wet food, and treats for dogs and cats, operating as an OEM/ODM contract manufacturer for pet brands.
Advanced ManufacturingConsumerFoodTechShanghai, CN
PartnerFrank Hong· solo GP
Co-investorsDCP Capital
Biopharma company (和铂医药), HK-listed (02142.HK).
Jingsong Wang(Founder)in
PartnerFrank Hong· solo GP
Co-investorsEFung CapitalVertex Ventures China
PartnerFrank Hong· solo GP
HiFiBiO Therapeutics develops immunotherapies for patients with high unmet medical needs, using its Drug Intelligence Science (DIS) platform that combines single cell technology with AI/ML analytics.
AI & Machine LearningBiotechHealthtech
Liang Schweizer(Founder)in
Co-investorsB Capital GroupB4 CapitalTrinity Innovation Bioventure SingaporeIDG CapitalLYFE CapitalNest.Bio Ventures+1 more
旺店通 provides ERP software for e-commerce businesses, covering order management, warehousing (OMS+WMS), distribution, procurement, inventory, and finance.
Logistics & Supply ChainRetail TechSaaS
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
HYMSON NOVOLAS is a Swiss-based subsidiary of Haimu Star Laser Technology Group specializing in laser precision manufacturing and laser plastic welding systems for automotive, medical, electronics, and other industrial applications.
Advanced ManufacturingEnterprise SoftwareHardwareRoboticsSarnen, CN
PartnerFrank Hong· solo GP
Listed AI and voice technology company
PartnerFrank Hong· solo GP
Co-investorsCyberport Hong KongInfotech VenturesIPV
PartnerFrank Hong· solo GP
Co-investorsF-Prime CapitalHongShan Capital GroupLAVLilly Asia Ventures
An industrial MRO B2B procurement platform for large construction enterprises in China, offering supply chain management and logistics integration.
AgTechAI & Machine LearningB2B MarketplacesConstruction TechConsumerData & InfrastructureEnterprise SoftwareLogistics & Supply ChainSaaSBeijing, CN
PartnerFrank Hong· solo GP
JenaValve develops transcatheter aortic valve replacement systems to treat severe aortic regurgitation and aortic stenosis.
Digital HealthHealthtechMedical DevicesIrvine, US
Hans Figulla(Director)Markus FerrariVictoria Carr-Brendel(Executive Officer, Director)David Drachman(Executive Officer, Director)
BoardArnd Kaltofen(Director)inErik Amble(Director)
Co-investorsAndera PartnersBain Capital Life SciencesRosetta Capital Ltd.VI PartnersAtlas VentureGimv+4 more
KingMed (金域医学) is a medical testing and diagnostics company providing clinical laboratory testing and pathology diagnostic services, and is developing AI-assisted diagnosis platforms and multimodal pathology models.
AI & Machine LearningDigital HealthHealthtech
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
Co-investorsAcorn Pacific VenturesLAVLilly Asia Ventures
Obita offers an enterprise treasury platform for businesses to manage both fiat and stablecoin balances in one place, supporting unified collections, payouts, automated reconciliation, and real-time treasury visibility across multiple currencies and channels.
Crypto & Web3Enterprise SoftwareFintechLogistics & Supply ChainSaaS
Vincent YANG(Founder)in
Co-investorsMirana VenturesHashkey CapitalVision Plus Capital
Pharmaron is a contract research and manufacturing organization providing drug development and manufacturing services to pharmaceutical and biotech companies.
BiotechDeep TechHealthtechMedical DevicesBeijing, CN
Boliang Lou(Chairman & CEO)in
Co-investorsAisling CapitalDCM VenturesScientia VenturesDCM
Pony operates a mobile app–based shared micromobility service offering electric scooters and bikes that users locate, unlock via QR code, and park in designated boxes across their city.
ConsumerMobility & TransportationAngers, FR
Paul-Adrien Cormerais(Founder)in
Co-investorsBlast.ClubKima VenturesLa Poste VenturesXAnge5Y CapitalAndreessen Horowitz+10 more
Putailai manufactures key materials and automated equipment for lithium-ion batteries, serving global battery makers in the clean energy and energy storage sectors.
Advanced ManufacturingCleantechEnergyNew MaterialsShanghai, CN
梁丰(董事长 (Chairman))
PartnerFrank Hong· solo GP
qlub provides QR-code-based pay-at-table, order-and-pay, digital menus, payment links, and a SoftPOS terminal that integrate with restaurants' POS systems.
FintechFoodTechRetail Tech
Dr. Mahmoud Fouz(Founder)inEyad Alkassar(Founder)Mahmoud Fouz(Founder)
Co-investorsCherry VenturesHeartcore CapitalPoint NineRAED VenturesShorooq PartnersFinTech Collective+1 more
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
SF-CityRush is a leading third-party instant delivery platform in China that provides same-city logistics services across restaurants, retail, e-commerce, and local services.
B2B MarketplacesConsumerLogistics & Supply ChainMarketplacesShanghai, CN
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
Spacety is a new space company that designs, builds, launches, and operates cubesats and smallsats, offering Satellites-as-a-Service for science, technology demonstration, and commercial missions.
Deep TechHardwareSpace Tech
PartnerFrank Hong· solo GP
Co-investorsInnoangel
Spectrumedics develops the Sonico-CX intravascular lithotripsy (shockwave) system for treating calcified coronary artery disease, delivering 360° circumferential shockwave pulses through a low-profile catheter.
HardwareHealthtechMedical DevicesShanghai, CN
Co-investorsB Capital GroupB4 Capital
YUTO is a packaging manufacturer that designs and produces rigid boxes, folding boxes, inner trays, corrugated boxes, labels, and plant fiber packaging.
Advanced ManufacturingCircular EconomyConsumerEnterprise SoftwareHardwareNew MaterialsShenzhen, CN
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
Tanyuan Tech is a materials and energy company that manufactures high-thermal-conductivity graphite heat dissipation materials for consumer electronics and develops renewable energy infrastructure.
Advanced ManufacturingConsumerEnergyHardwareNew MaterialsUnknown (mentioned operations in Loudi Hunan, Changzhou Jiangsu, Hebei, and Guangxi), CN
PartnerFrank Hong· solo GP
Leading O2O auto maintenance chain service provider; Hong Kong listed September 2023.
Xiaodong Hu(Founder)in
PartnerFrank Hong· solo GP
Co-investorsB Capital GroupB4 CapitalCathay InnovationHongShan Capital GroupHundreds CapitalJoy Capital+2 more
UCloud is a cloud infrastructure provider offering compute, storage, and network services globally.
AI & Machine LearningCloud ComputingData & InfrastructureEnterprise Software
Albert Hua(Founder)in
PartnerFrank Hong· solo GP
Co-investorsDCM VenturesChina Mobile Capital
A Chinese AI and marketing solutions provider that applies large language models to enterprise scenarios including customer service, marketing, overseas expansion, and knowledge management.
AI & Machine LearningCloud ComputingEnterprise SoftwareSaaSSales TechBeijing, CN
Co-investorsDCMDCM VenturesTiger Global Management
Urotronic develops drug-coated balloons for interventional urology, including the Optilume products for treating benign prostatic hyperplasia (BPH) and urethral strictures.
HealthtechMedical DevicesPlymouth, US
Junfeng Wang(Director)David Perry(Executive Officer, Director)Tan Ching(Director)Hui Hu(Director, Promoter)Lixiao Wang(Director, Promoter)Doug Kohrs(Director)
Co-investorsHM Venture PartnersEnterprise IrelandGilde HealthcareIreland Strategic Investment FundLightstone VenturesMVM Life Science Partners+1 more
VANCL is an online apparel retailer selling men's wear, women's wear, shoes, children's clothing, and home goods under its own brand.
ConsumerDirect to ConsumerE-commerceBeijing, CN
Co-investorsQiming Venture PartnersCeyuan VenturesIDG CapitalSAIFTemasekTiger Global Management
Vedantu is an online learning platform that provides free chapter-wise NCERT solutions and study materials for Class 12 CBSE students across Science, Commerce, and Arts subjects.
EdTech
Anand Prakash(Founder)Pulkit Jain(Founder)Saurabh Saxena(Founder)Vamsi Krishna(Founder)
Co-investors9Unicorns Accelerator FundAccelCoatue ManagementKaizenvestNotable CapitalTrifecta Capital Advisors+5 more
Bilibili is a Chinese video-sharing platform where users upload, watch, and stream content including anime, games, music, films, documentaries, and live broadcasts.
GamingMedia & EntertainmentSocial
Chen Rui(Founder)Xu Yi(Founder)
PartnerFrank Hong· solo GP
Co-investorsQiming Venture PartnersY2Z Ventures
PartnerFrank Hong· solo GP
Wish is a mobile-first, low-price e-commerce marketplace connecting mainly Chinese merchants with bargain shoppers worldwide.
San Francisco, US
Peter Szulczewski(Founder)inDanny Zhang(Founder)Piotr Szulczewski(Founder)
Co-investors137 Ventures8VCAcequia Capital (AceCap)Carbide VenturesChina Growth CapitalCoatue Management+23 more
PartnerFrank Hong· solo GP
WuXi AppTec is a global Contract Research, Development and Manufacturing Organization (CRDMO) that provides integrated drug development services spanning chemistry, biology discovery, preclinical testing, and clinical research across Asia, Europe, and North America.
Advanced ManufacturingBiotechEnterprise SoftwareHealthtech
Ge Li(Founder)
PartnerFrank Hong· solo GP
Co-investorsHighlight CapitalHongShan Capital GroupHuangpu River CapitalVivo Capital
未知君 (XBiome) develops microbiome-based therapeutics and diagnostics using AI-driven bioengineering, targeting diseases including cancer immunotherapy, inflammatory conditions, and autism through live bacterial therapeutics and fecal microbiota transplantation (FMT).
AI & Machine LearningBiotechDeep TechMedical DevicesBeijing, CN
Co-investors5Y CapitalGaorong CapitalHaystackHike CapitalSky9 CapitalPrimavera Venture Management Limited
PartnerFrank Hong· solo GP
YanMade manufactures automated inspection equipment and comprehensive testing solutions for electronics manufacturing, with a focus on FPC testing and expansion into semiconductor and automotive electronics testing.
Advanced ManufacturingHardwareRoboticsSemiconductorsShenzhen, CN
PartnerFrank Hong· solo GP
Pharmaron provides drug research and development services globally, supporting the discovery and development of pharmaceutical therapies through integrated capabilities across multiple geographic regions.
Advanced ManufacturingBiotechDeep TechEnterprise SoftwareHealthtechMedical DevicesBeijing, CN
楼柏良(董事长兼首席执行官 (Chairman & CEO))Lou Bailiang(Chemist, Chairman & CEO)
PartnerFrank Hong· solo GP
Co-investorsHighlight Capital
Zhipu AI develops the GLM family of large language models and multimodal AI agent models (such as AutoGLM), offering them through a model-as-a-service platform with API access, model fine-tuning, AI search, and application tools.
AI & Machine LearningDeep TechEnterprise Software
Tang Jie(Founder)Zhang Peng(Founder)
PartnerFrank Hong· solo GP
Co-investorsQiming Venture PartnersTusStarCAS StarHongShan Capital Group
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Exits · 3
2 IPOs · 1 acquisitions · showing 2Portfolio news
latest coverage across their companies
MacroLux · microlite.cn · Oct 23, 2025
Qlub · finsmes.com · Jul 22, 2025
Frequently asked questions
- How many investments has Legend Capital made?
- Legend Capital has 83 tracked investments, 3 of which have exited, including 3 dated in the last 24 months.
- What stage does Legend Capital invest at?
- Legend Capital invests at the Seed, Series A, Series B, Series C stages.
- What is Legend Capital's typical check size?
- Legend Capital typically writes checks of $2M – $10M.
- What sectors does Legend Capital focus on?
- Legend Capital focuses on Biotech, Consumer, Crypto & Web3, Data & Infrastructure, Enterprise Software, Hardware, Healthtech, SaaS, Semiconductors.
- Where is Legend Capital located?
- Legend Capital is headquartered in Beijing, CN.
- Does Legend Capital lead rounds?
- Legend Capital typically participates in rounds rather than leading them.
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