Legend Capital
Venture capitalActively deployingBeijing · Pre-Seed–Growth · 26 people tracked
Also known as LC MANAGEMENT (INTERNATIONAL) LIMITED · LEGEND CAPITAL ADVISORS LLC · LEGEND CAPITAL MANAGEMENT LIMITED
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 Aug 25, 2026.
Team · 26 people
from curated & public directories
What they invest in
from 27 of 68 portfolio companiesHardware ×8Advanced Manufacturing ×7AI & Machine Learning ×7Healthtech ×7Biotech ×6New Materials ×5Medical Devices ×4Robotics ×4
HQs:China×19United States×4Luxembourg×1
Investments · 68 tracked
founders shown can be your intro pathBy year:2024 · 12017 · 12 dated
Youdao offers language and education products including a dictionary, translation services, online courses, and learning hardware devices for students and language learners.
AI & Machine LearningConsumerEdTech
PartnerFrank Hong· solo GP
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)Heather Agnew(Executive Officer)Albert Luderer(Executive Officer, Director)Darren Cai(Director)
PartnerFrank Hong· solo GP
Co-investorsM VenturesAsset Management Company
MacroLux (MacroLux Medical Technology Co., Ltd.) develops single-use electronic endoscopes and endoscopic intervention products for healthcare professionals in fields such as urology and gynaecology.
HardwareHealthtechMedical Devices
Co-investorsDalton VentureYuanBio Venture CapitalB Capital GroupB4 Capital
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
Battery manufacturer (SZSE: 300750)
PartnerFrank Hong· solo GP
Co-investorsLenovo Capital and Incubator Group (LCIG)NIO Capital
ClinChoice operates a network of investigator sites that participate in clinical studies to support drug and device development.
BiotechHealthtechMedical DevicesPhiladelphia, US
PartnerFrank Hong· solo GP
Co-investorsDFJ DragonFundDraper AssociatesDraper Dragon
PartnerFrank Hong· solo GP
Shenzhen Kerui Technology (Colibri) provides automation and precision manufacturing solutions, including mobile terminal solutions, new energy solutions, precision components, tooling and molds, and testing/analysis systems.
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 & CEO)Jean Liu(Founder)
PartnerFrank Hong· solo GP
Co-investors137 VenturesA-Rod CorpAlpha Wave GlobalBeyond VenturesCoatue ManagementGranite Asia+11 more
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
ESWIN develops chips and semiconductor solutions, produces silicon materials, and works on ecosystem/supply-chain development.
HardwareNew MaterialsSemiconductors
PartnerFrank Hong· solo GP
Co-investorsSource 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-investorsVertex 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 CapitalSequoia Capital
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 (Haimuxing) is a Chinese provider of industrial laser and automation manufacturing equipment, founded in 2008, offering solutions for lithium battery production, consumer electronics, photovoltaics, smart home, life sciences, construction, transportation, and sheet metal fabrication.
Advanced ManufacturingHardwareRobotics
PartnerFrank Hong· solo GP
Listed AI and voice technology company
PartnerFrank Hong· solo GP
Co-investorsInfotech VenturesIPV
PartnerFrank Hong· solo GP
Co-investorsF-Prime CapitalLAVLilly Asia Ventures
JD Logistics provides supply chain and logistics services including express delivery, freight, warehousing and distribution, large-item handling, cold-chain, pharmaceutical, and international shipping for enterprises and individuals.
AI & Machine LearningEnterprise SoftwareLogistics & Supply Chain
PartnerFrank Hong· solo GP
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
Pharmaron is a life science contract research and manufacturing service provider covering drug discovery, preclinical and clinical development, and commercialization.
BiotechHealthtechMedical Devices
Co-investorsAisling CapitalDCM VenturesScientia VenturesDCM
Shanghai Putailai New Energy Technology (stock code 603659) produces materials and equipment for lithium-ion batteries, including anode materials, graphitization, coated separators, PVDF binders, and automated lithium-battery manufacturing equipment.
CleantechEnergyNew MaterialsShanghai, CN
梁丰(董事长 (Chairman))
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
A same-city on-demand delivery service (SF Intra-city / 顺丰同城) offering fast courier delivery of items with an average delivery time of one hour and real-time order tracking.
ConsumerLogistics & Supply ChainMarketplaces
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
YUTO provides integrated packaging solutions and manufacturing services for Fortune 500 companies and clients across a range of industries worldwide.
Advanced ManufacturingNew Materials
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
Tanyuan Technology develops, manufactures, and sells high thermal-conductivity graphite heat-dissipation materials, including graphite films, ultra-thin heat pipes, and vapor chambers used to cool consumer electronics such as smartphones, tablets, laptops, and wearables.
Advanced ManufacturingHardwareNew Materials
PartnerFrank Hong· solo GP
UCloud (优刻得) is a Chinese cloud computing provider offering public, private, hybrid, and edge cloud services, including cloud servers, GPU servers, bare metal servers, databases, CDN/global network lines, DDoS protection, and messaging APIs.
Cloud ComputingData & InfrastructureEnterprise Software
PartnerFrank Hong· solo GP
Co-investorsDCM Ventures
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
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)in
Co-investors137 Ventures8VCAcequia Capital (AceCap)Carbide VenturesChina Growth CapitalCoatue Management+14 more
WuXi AppTec provides R&D and manufacturing services to the pharmaceutical and life sciences industries through a CRDMO (Contract Research, Development, and Manufacturing Organization) platform.
Advanced ManufacturingBiotechHealthtech
PartnerFrank Hong· solo GP
Co-investorsHighlight CapitalHuangpu River CapitalVivo Capital
PartnerFrank Hong· solo GP
PartnerFrank Hong· solo GP
Yanmade develops automated and intelligent testing equipment for smart manufacturing, offering test fixtures, automated test systems, and accessories using precision mechanics, machine vision, and AI.
Advanced ManufacturingHardwareRoboticsShenzhen, CN
PartnerFrank Hong· solo GP
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)in
PartnerFrank Hong· solo GP
Co-investorsComcast VenturesDCM VenturesMorningside Venture Capital LimitedPuhua Capital
Pharmaron (Kanglong Huacheng) is a life-science research and development services company that provides an integrated service system spanning drug discovery, preclinical, and clinical development.
BiotechHealthtech
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
PartnerFrank Hong· solo GP
Co-investorsQiming Venture PartnersTusStar
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 InnovationHundreds CapitalJoy CapitalNIO Capital+1 more
Exits · 1
IPOs and acquisitions across the tracked portfolioYoudaoNYSE: DAO
Portfolio news
latest coverage across their companiesWish · laconiadailysun.com · Aug 19, 2026
Eswin · digitimes.com · Aug 11, 2026
ClinChoice · trial.medpath.com · Jun 26, 2026
Pharmaron · prnewswire.com · Jan 27, 2026
MacroLux · microlite.cn · Oct 23, 2025
Frequently asked questions
- What stage does Legend Capital invest at?
- Legend Capital invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.
- What is Legend Capital's typical check size?
- Legend Capital typically writes checks of $2.9M – $156M.
- 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.
Similar investors
IDG Capital is a multi-strategy investment platform founded in 1993 that supports entrepreneurs across the full business lifecycle, bridging East and West with a global presence and over 300 professionals.
SBI Investment Korea is a Korean asset management firm within the SBI Group that operates venture capital and private equity funds, positioning itself as a 'New Industry Creator'.
Industrial Technology Investment Corporation is the venture capital arm of Taiwan's Industrial Technology Research Institute (ITRI), backing startups across multiple stages and sectors while providing access to ITRI's R&D resources.
Mitsui Global Investment is an investment firm that provides capital and hands-on support to entrepreneurs, helping innovative teams scale their businesses onto the global stage.
EIFO (Export and Investment Fund of Denmark) is Denmark's national promotion bank and investment fund, providing financing, guarantees, and investments to help Danish companies grow, export, and support national priorities.