
Legend Capital
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
Frequently Asked Questions
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