DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Legend Capital
Legend Capital
Institutional venture firmBeijinglegendcapital.com.cnSEC venture capital fund adviserone firm, 2 filing advisers
This firm files as 2 advisers on legendcapital.com.cn: LC Management (international) Limited. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
venture manager, reported GAV $2,434M across 6 vehicles
Importance
45
elevated
Active deployment
11
low
Emerging
0
low
Completeness
56
elevated
Freshness
100
high
Research priority
13
low
Identity and regulatory footprint
- Headquarters
- Beijing, Chinaadviserinfo.sec.gov
- Office address
- 16TH FLOOR, TOWER B, RAYCOM INFOTECH PARK, NO. 2, KEXUEYUAN NAN LU, ZHONGGUANCUN, HAIDIAN DISTRICT, Beijing, 100190adviserinfo.sec.gov
- Business phone
- (212) 606-2326adviserinfo.sec.gov
- Website
- https://legendcap.com/
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Jul 27, 2026
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $400,000adviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $250Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 3
- Owners on Schedule A
- Chinese Academy of Sciences (Shareholder), E; Chinese Academy of Sciences Holdings Co, Ltd (Shareholder), C; Beijing Junqi Jiarui Business Management Limited (General Partner), F; Tianjin Junlian Jieyou Investment Management Partnership Enterprises (limited Partnership) (Limited Partner), C; Tianjin Huizhi No.1 Investment Management Partnership Enterprises (limited Partnership) (Limited Partner), D; Beijing Juncheng Hezhong Investment Management Partnership Enterprises (limited Partnership) (Shareholder), E; Legend Capital Co., Ltd. (Shareholder Of Union Season Holdings Limited), E; Pearcely International Limited (Shareholder), E; Best Vessel Limited (Shareholder), B; Elite Bliss Limited (Shareholder), C; Legend Holdings Limited (Shareholder Of Legend Capital Co., Ltd.), B; Right Lane Limited (Shareholder), B
- business phone
- +86 1089139000adviserinfo.sec.govpublished by the subject
- business phone
- (212) 606-2326adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
3 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series a 67%series d plus 33%
Stage at first entry
series a 67%series d plus 33%
Sectors
unknown 100%
lead rate 67%follow-on rate 0%new logos, 12 months 3
Funds and vehicles
6 reported, 2 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| LC Healthcare Continued Fund I, L.P. | Fund | 2022 adv first reported | Active deployment | $308M Mar 30, 2024 | 13 | $0 | Mar 25, 2021 |
| LC Fund Viii, L.P. | Fund | 2019 form d first sale | Mature | $587M Mar 30, 2024 | 40 | $321M | Feb 14, 2020 |
| LC Healthcare Fund I, L.P. | Fund | 2017 adv first reported | Harvest | $278M Mar 30, 2024 | 25 | unknown | unknown |
| LC Fund VII, L.P. | Fund | 2016 form d first sale | Harvest | $547M Mar 30, 2024 | 27 | $423M of $423M | Apr 20, 2017 |
| LC Fund VI, L.P. | Fund | 2015 adv first reported | Harvest | $548M Mar 30, 2024 | 28 | $0 | Jan 28, 2014 |
| LC Fund V, L.P. | Fund | 2011 form d first sale | Harvest | $166M Mar 30, 2024 | 30 | $268M | Jun 21, 2011 |
| LC Fund Viii (korea), L.P. | Fund | 2020 adv first reported | Wound down | $45.8M Mar 31, 2021 | 3 | unknown | unknown |
| Great Unity Fund I, L.P. | Fund | 2019 adv first reported | Wound down | $622M Mar 31, 2021 | 4 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
11 current, 1 departed
Adam Alexander Merino
Managing partnerManaging Partner And Chief Compliance Officer · since Mar 1, 2025
Anna Chau
PartnerShareholder · since Jun 1, 2013
Geoffrey Y. Yang
PartnerPartner · since Mar 1, 2025
HAO Chen
PartnerLimited Partner · since Sep 1, 2020
Linan Zhu
PartnerLimited Partner · since Sep 1, 2015
Jonathan Lin
Platform and operationsPartner And Chief Financial Officer · since Mar 1, 2025
Engguang Wang
PrincipalDirector Of Union Season Holdings Limited · since Jul 1, 2015
HAO Ouyang
PrincipalDirector Of Legend Capital Co., Ltd. · since May 1, 2021
Jiaqing Li
PrincipalDirector Of Legend Capital Co., Ltd. · since May 1, 2021
Peng Li
PrincipalDirector Of Legend Capital Co., Ltd. · since May 1, 2021
Wang Chau
PrincipalDirector Of Union Season Holdings Limited · since Jul 1, 2015
1 departed (kept with end dates)
- Piau Voon Wang · Director Of Lc Management (International) Limited · Apr 1, 2020 to Mar 30, 2024 Inference
Investments on record
3 edges, 3 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Beyang | Series A · Series A | lead | unknown | $30.0M | unknown | Aug 12, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Allink Biotherapeutics | Series A · Series A | lead | unknown | $47.0M | unknown | Dec 16, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Neolix | Series D · Series D+ | participant | unknown | unknown | unknown | Oct 23, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
20 relationships from shared deals, counted for the whole firm
Vesey Ventures LP 3 shared · recurring · they led 2 · we led 2China Medical System Holdings 1 shared · one time · we led 1Fenglei Capital 1 shared · one time · we led 1Canton Capital 1 shared · one time · we led 1Shanghai Healthcare Capital 1 shared · one time · they led 1 · we led 1Shanghai Sci-Tech Innovation Center Capital 1 shared · one time · we led 1Root Venture Partners 1 shared · one time · we led 1Meituan Long-Z Investment 1 shared · one time · they led 1 · we led 1YuanBio Venture Capital 1 shared · one time · we led 1Lapam Capital 1 shared · one time · we led 1Runzhang Venture Capital 1 shared · one time · we led 1Gaorong Ventures 1 shared · one timeStone Venture 1 shared · one time · they led 1Templewater 1 shared · one timeSAIC 1 shared · one timeBeijing AI Fund 1 shared · one timeCDH 1 shared · one timeGaocheng Capital 1 shared · one timeCITIC Capital 1 shared · one timeSparkedge Capital 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
24 dated events
- Jul 27, 20268 of 8 people on Legend Capital's 2024 Schedule A are no longer printed on its 2026-07-27 filingSchedule a restructuredPeopleFactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Mar 1, 2025Geoffrey Y. Yang joined Schedule A of Legend Capital as Partner
- Mar 1, 2025Jonathan Lin joined Schedule A of Legend Capital as Partner And Chief Financial Officer
- Mar 1, 2025Adam Alexander Merino joined Schedule A of Legend Capital as Managing Partner And Chief Compliance Officer
- Mar 30, 2024Piau Voon Wang (Director Of Lc Management (International) Limited) no longer on Schedule A of Legend Capital
- Mar 29, 2022LC Healthcare Continued Fund I, L.P. first reported on Form ADV by Legend Capital (Venture Capital Fund), GAV $402,125,273Fund first reported on Form ADVFundsFactLC Healthcare Continued Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2022LC Fund Viii (korea), L.P. no longer reported on Form ADV by Legend CapitalFund no longer reportedFundsInferenceLC Fund Viii (korea), L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2022LC Healthcare Fund II, L.P. no longer reported on Form ADV by Legend CapitalFund no longer reportedFundsInferenceLC Healthcare Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2022Great Unity Fund I, L.P. no longer reported on Form ADV by Legend CapitalFund no longer reportedFundsInferenceGreat Unity Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 1, 2021Peng Li joined Schedule A of Legend Capital as Director Of Legend Capital Co., Ltd.
- May 1, 2021Jiaqing Li joined Schedule A of Legend Capital as Director Of Legend Capital Co., Ltd.
- May 26, 2020LC Healthcare Fund II, L.P. first reported on Form ADV by Legend Capital (Venture Capital Fund), GAV $38,330,867Fund first reported on Form ADVFundsFactLC Healthcare Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 26, 2020LC Fund Viii (korea), L.P. first reported on Form ADV by Legend Capital (Venture Capital Fund)Fund first reported on Form ADVFundsFactLC Fund Viii (korea), L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 26, 2020LC Fund Viii, L.P. first reported on Form ADV by Legend Capital (Venture Capital Fund), GAV $83,960,385Fund first reported on Form ADVFundsFactLC Fund Viii, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 1, 2020Piau Voon Wang joined Schedule A of Legend Capital as Director Of Lc Management (International) Limited
- Apr 10, 2019Great Unity Fund I, L.P. first reported on Form ADV by Legend Capital (Venture Capital Fund), GAV $600,000,000Fund first reported on Form ADVFundsFactGreat Unity Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2017LC Healthcare Fund I, L.P. first reported on Form ADV by Legend Capital (Venture Capital Fund), GAV $250,000,000Fund first reported on Form ADVFundsFactLC Healthcare Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2017LC Fund VII, L.P. first reported on Form ADV by Legend Capital (Venture Capital Fund), GAV $268,000,000Fund first reported on Form ADVFundsFactLC Fund VII, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 1, 2015Wang Chau joined Schedule A of Legend Capital as Director Of Union Season Holdings Limited
- Mar 24, 2015LC Fund VI, L.P. first reported on Form ADV by Legend Capital (Venture Capital Fund), GAV $500,000,000Fund first reported on Form ADVFundsFactLC Fund VI, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 1, 2013HAO Chen joined Schedule A of Legend Capital as Shareholder
- Jun 1, 2013Anna Chau joined Schedule A of Legend Capital as Shareholder
- Apr 23, 2012Legend Capital first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 23, 2012LC Fund V, L.P. first reported on Form ADV by Legend Capital (Venture Capital Fund), GAV $5,000,000Fund first reported on Form ADVFundsFactLC Fund V, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 15, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $2,434M across 6 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $2,268M across 5 vehicles
Evidence
43 observations from 4 sources