# Legend Capital: portfolio, investments and team

> Legend Capital is a vc firm based in China. 288 investments on record, 39 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/legend-capital (Millionrounds; every figure on the page links to its filing or article)

China · [Investor](https://millionrounds.com/investors)

# Legend Capital

Last cheque observed Oct 2026; 288 cheques on record.

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Deploying now New fund $400K, Aug 2026 VC firm

Seed Series A Series B Collaboration Tools Recurring SaaS

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Deploying now

**78%** of best year **39** **cheques in 12 months**, 288 on record

Since the last cheque **5** days **00** hrs **00** min **00** sec

Median round **$26M** Rounds led **2 of 288** Sole investor **80 rounds** Exits **3 from the portfolio** Mostly in **China, 33%**

Pitch Legend Capital

## Legend Capital highlights

- 01 39 cheques in the last 12 months
- 02 Mostly Venture and Series B: 58% of its rounds
- 03 Sole investor in 80 rounds, median $14M
- 04 3 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Collaboration Tools Recurring SaaS
- **Based in:** Beijing, China
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **288 appearances**

- **2026** 23 rounds
- **Oct** **[Hypersphere Technology](https://millionrounds.com/company/hypersphere-technology)** Angle · CN · TechNode **Undisclosed** With 3 others
- **Oct** **[DeepSeek](https://millionrounds.com/company/deepseek)** Series B · CN · Google News search **$15B** With 36 others
- **May** **[Nanochap](https://millionrounds.com/company/nanochap)** Venture · AU **$44M** With 1 other
- **Apr** **[Spacety](https://millionrounds.com/company/spacety)** Venture · LU **Undisclosed** With 4 others
- **Apr** **[Xellar Biosystems](https://millionrounds.com/company/xellar-biosystems)** Series A · US **$50M** With 1 other
- **Mar** **[Zhijian Power](https://millionrounds.com/company/zhijian-power)** Venture **Undisclosed** With 4 others
- **Mar** **[Manifold AI](https://millionrounds.com/company/manifold-ai)** Seed **$29M** With 3 others
- **Feb** **[Zhiran Medical](https://millionrounds.com/company/zhiran-medical)** Series A **$43M** With 3 others
- **Feb** **[RobotMeta](https://millionrounds.com/company/robotmeta)** Series B **$14M** With 3 others
- **Feb** **[Angitia Biopharmaceuticals](https://millionrounds.com/company/angitia-biopharmaceuticals)** Series D · US **$130M** With 5 others
- **Feb** **[Neolix](https://millionrounds.com/company/neolix)** Venture **Undisclosed** With 3 others
- **Feb** **[VITURE](https://millionrounds.com/company/viture)** Venture · US **$100M** With 2 others
- **Feb** **[Guoke Ion](https://millionrounds.com/company/guoke-ion)** Series A **$115M** Sole investor
- **Feb** **[Turing](https://millionrounds.com/company/turing)** Venture · JP **$21M** With 5 others
- **Feb** **[Huixin Bio](https://millionrounds.com/company/huixin-bio)** Series A **$14M** Sole investor
- **Feb** **[GluBio Therapeutics](https://millionrounds.com/company/glubio-therapeutics)** Venture **$30M** With 4 others
- **Jan** **[X Square Robot](https://millionrounds.com/company/x-square-robot)** Series A · CN · TechNode **$140M** With 5 others
- **Jan** **[Nowwa Coffee](https://millionrounds.com/company/nowwa-coffee)** Venture **Undisclosed** With 1 other
- **Jan** **[Atom Reshape](https://millionrounds.com/company/atom-reshape)** Seed **$14M** Sole investor
- **Jan** **[Wepure](https://millionrounds.com/company/wepure)** Venture **Undisclosed** Sole investor
- **Jan** **[Ensurge Medical](https://millionrounds.com/company/ensurge-medical)** Venture **Undisclosed** Sole investor
- **Jan** **[Alioth](https://millionrounds.com/company/alioth)** Series B **$14M** With 1 other
- **Jan** **[Memsilicon](https://millionrounds.com/company/memsilicon)** Seed **$14M** With 1 other
- **2025** 41 rounds
- **Dec** **[Nanovision Technology](https://millionrounds.com/company/nanovision-technology)** Venture **Undisclosed** With 3 others
- **Dec** **[Kunlun Core](https://millionrounds.com/company/kunlun-core)** Venture **$283M** With 1 other
- **Dec** **[Shangji Semiconductor](https://millionrounds.com/company/shangji-semiconductor)** Venture **$42M** Sole investor
- **Dec** **[BRC Biotechnology](https://millionrounds.com/company/brc-biotechnology)** Series A **$14M** Sole investor
- **Dec** **[Obita](https://millionrounds.com/company/obita)** Venture · HK **Undisclosed** With 3 others
- **Dec** **[Jiajin Biotech](https://millionrounds.com/company/jiajin-biotech)** Venture **Undisclosed** With 2 others
- **Dec** **[Direct Drive Technology](https://millionrounds.com/company/direct-drive-technology)** Venture **Undisclosed** With 2 others
- **Dec** **[Noitom Robotics](https://millionrounds.com/company/noitom-robotics)** Venture **Undisclosed** With 4 others
- **Dec** **[Sanegene Bio](https://millionrounds.com/company/sanegene-bio)** Series B · US **$110M** With 4 others
- **Dec** **[Qingwei Intelligent Technology](https://millionrounds.com/company/qingwei-intelligent-technology)** Series C **$283M** With 1 other
- **Dec** **[Tailan New Energy](https://millionrounds.com/company/tailan-new-energy)** Series B **$57M** With 2 others
- **Dec** **[Allink Biotherapeutics](https://millionrounds.com/company/allink-biotherapeutics)** Series A **$47M** With 2 others
- **Dec** **[Sinsegye](https://millionrounds.com/company/sinsegye)** Series B **$43M** With 1 other
- **Nov** **[Dexmal](https://millionrounds.com/company/dexmal)** Venture **Undisclosed** With 2 others
- **Nov** **[Infinigence](https://millionrounds.com/company/infinigence)** Series A **$71M** With 3 others
- **Nov** **[Volant Aerotech](https://millionrounds.com/company/volant-aerotech)** Venture **Undisclosed** With 3 others
- **Sept** **[X Square Robot](https://millionrounds.com/company/x-square-robot)** CN · TechStartups **$100M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **13 named**

AM **Adam Merino** Managing Member of the Manager i Filing they signed

HC **Hao Chen** Director, Shareholder i Form ADV

HO **Hao Ouyang** General Legal Counsel i Form ADV

JM **James Matthew Bogin** Managing member of Legend Capital Management, LLC, its general partner i Filing they signed

JL **Jiaqing Li** Director of Legend Capital Management Limited i Form ADV

LZ **Linan Zhu** Director, Shareholder i Form ADV

MP **Michael Paul Lovett** Executive Officer i Filing they signed

NW **Nengguang Wang** Director, Shareholder i Form ADV

PK **Parm Kang** Manager of LVP, LLC. Issuer's General Partner i Filing they signed

PL **Peng Li** Director of Legend Capital Management Limited i Form ADV

PV **Piau Voon Wang** Director i Form ADV

RW **Richard Winston Boone** Executive Officer i Filing they signed

WC **Wang Chau** Director of Union Season Holdings Limited i Form ADV

We also hold **21** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$2.4B** assets it manages, 3 advisers combined Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Legend Capital Advisors LLC
- **SEC number:** CRD 336029

## Exits from the portfolio

Companies it backed that were later bought or listed **3 in all**

**[AutoNavi](https://millionrounds.com/company/autonavi)** Bought by [Alibaba](https://millionrounds.com/fund/alibaba) **Undisclosed** Apr 2014

**[VanceInfo Technologies](https://millionrounds.com/company/vanceinfo-technologies)** Listed **$65M** Dec 2007

**[Berkäna Wireless](https://millionrounds.com/company/berkana-wireless)** Bought by [Qualcomm Incorporated](https://millionrounds.com/fund/qualcomm-incorporated) **$56M** Jan 2006

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$400K**

raised in Aug 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$26M** the round, not its cheque Alone, median **$14M**

Led 2 of 288 rounds **1%**

- **Sole investor:** 80 rounds
- **Last cheque:** Oct 2026
- **Exits:** 3 from the portfolio

Rounds by stage said on their site

- Venture *83*
- Series B said *70*
- Series A said *52*
- Series C *38*
- Series D *12*
- Seed said *9*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) 20
- [IDG Capital](https://millionrounds.com/fund/idg-capital) 19
- [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) 12
- [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) 11
- [HSG](https://millionrounds.com/fund/hsg) 11
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 10

**Pitching Legend Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Legend Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Qiming Venture Partners** VC firm **20** rounds together](https://millionrounds.com/fund/qiming-venture-partners)[**IDG Capital** Private equity **19** rounds together](https://millionrounds.com/fund/idg-capital)[**Matrix Partners China** VC firm **12** rounds together](https://millionrounds.com/fund/matrix-partners-china-2)[**DCM Ventures** Private equity **11** rounds together](https://millionrounds.com/fund/dcm-ventures)[**HSG** VC firm **11** rounds together](https://millionrounds.com/fund/hsg)[**Sequoia Capital** VC firm **10** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Tengxun Touzi** VC firm **10** rounds together](https://millionrounds.com/fund/tengxun-touzi)[**GGV Capital** VC firm **9** rounds together](https://millionrounds.com/fund/ggv-capital)[**Gaorong Capital** VC firm **8** rounds together](https://millionrounds.com/fund/gaorong-capital)[**K2VC** VC firm **8** rounds together](https://millionrounds.com/fund/k2vc)[**Hill House Capital** Family office **7** rounds together](https://millionrounds.com/fund/hill-house-capital)[**5Y Capital** VC firm **6** rounds together](https://millionrounds.com/fund/5y-capital)

## Recently backed

The latest companies Legend Capital put money into.

[**DeepSeek** $15B · Oct 2026](https://millionrounds.com/company/deepseek)[**Nanochap** $44M · May 2026](https://millionrounds.com/company/nanochap)[**Spacety** Apr 2026](https://millionrounds.com/company/spacety)[**Xellar Biosystems** $50M · Apr 2026](https://millionrounds.com/company/xellar-biosystems)[**RobotMeta** $14M · Feb 2026](https://millionrounds.com/company/robotmeta)[**Angitia Biopharmaceuticals** $130M · Feb 2026](https://millionrounds.com/company/angitia-biopharmaceuticals)

## Quick answers about Legend Capital

### What does Legend Capital invest in?

Legend Capital invests most often at Venture and Series B (58% of the rounds on record), in sectors such as Collaboration Tools, Recurring and SaaS.

### How active is Legend Capital?

288 investments on record, 39 of them in the last 12 months, and it led 2. The most recent was in Oct 2026.

### What has Legend Capital invested in recently?

Its most recent investments on record: Hypersphere Technology (Oct 2026), DeepSeek (Series B, Oct 2026) and Nanochap (Venture, May 2026).

### How big are Legend Capital's cheques?

The median round it joins is $26M.

### Does Legend Capital lead rounds?

Sometimes: it led 2 of its 288 investments on record (1%).

### Where does Legend Capital invest?

Most of the companies it backs are in China (33%), the United States (33%) and Australia (8%).

### Is Legend Capital investing now?

Yes: it is actively investing, with 39 investments in the last 12 months.

### Who does Legend Capital invest alongside?

Most often Qiming Venture Partners (20 rounds together), IDG Capital (19 rounds together) and Matrix Partners China (12 rounds together).

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