Legend Capital
Institutional venture firm, based in Beijing, reporting $1.5B of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
10 additional team members, 29 additional co-investors and affiliates, 6 additional investments, funds and LPs, 19 events, 2 verified contacts (2 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 3 companiesnew in 12 months
3 new companies in the last 12 months. Latest round Beyang Series A ($30M round, led) on 12 Aug 2026.
A firm writing cheques this quarter is one a founder can pitch now.
- 3 dealswith Vesey Ventures
Invests most often alongside Vesey Ventures (3 shared deals).
pair last observed on record 12 Aug 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors → - 2 of 3enter at seed or A
Enters mostly at seed to Series A: 2 of 3 first entries on record.
rounds to 12 Aug 2026 · Tells a founder whether their round is one this firm writes.
People to know
View all people- PartnerWhy: Partner: part of the investment decisionNo route on file yet
- Managing DirectorWhy: Managing directorNo route on file yet
- ShareholderWhy: Named with investment responsibilityNo route on file yet
Relationship network
48 connected entities3 observed rounds1 repeat counterpartyrounds 2025 to 2026
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Legend Capital: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Legend Capital
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
4 companies on record, 3 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Indi Molecular | portfolio listing | unknown | unknown | unknown | unknown | Sep 28, 2026 | Fact Company website |
| Beyang | Series A · Series A | lead | Fei Qi (confirmed) | $30.0M | unknown | Aug 12, 2026 | Fact Press release |
| Allink Biotherapeutics | Series A · Series A | lead | Tan Hong (confirmed) | $47.0M | unknown | Dec 16, 2025 | Fact Press release |
Stated thesis versus observed behaviour
- 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
Team
14 current, 0 departed
Decision makers
- Geoffrey Y. Yang · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility
- Tan Hong · Managing DirectorWhy this person: Managing director; Named with investment responsibility; Led 1 round on record
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Director · led 1 round on record
- Shareholder
- Partner
1 departed (kept with end dates)
- Piau Voon Wang · Director Of Lc Management (International) Limited · Apr 1, 2020 to Mar 30, 2024 Inference
Contacts
2 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
6 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| 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 | $345M Mar 27, 2026 | 12 | $0 | Mar 25, 2021 |
| LC Fund Viii, L.P. | Fund | 2019 form d first sale | Mature | $331M Mar 27, 2026 | 35 | $321M | Feb 14, 2020 |
| LC Healthcare Fund I, L.P. | Fund | 2017 adv first reported | Harvest | $182M Mar 27, 2026 | 33 | unknown | unknown |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
23 co-investors · on 1 other DFX graph
Co-investors
- 2026-08-123 shared deals · recurring · they led 2 · this firm led 2
- 2026-09-301 shared deal · one time
- 2026-09-281 shared deal · one time · they led 1
Compare portfolios with Vesey Ventures LP, Asset Management Ventures, LLC, Interwest Partners or any firm. Co-investors across the market
Across DFX and the capital chainon 1 other DFX graph ShowHide
- The same institution is held on RIA and Wealth, matched by identifier. See which records
Legend Capital is the same institution as 1 record in RIA and Wealth.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Evidence and history
24 dated events, 57 observations from 4 sources
Timeline
- Jul 27, 20268 of 8 people on Legend Capital's 2024 Schedule A are no longer printed on its 2026-07-27 filing
- 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
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Jul 27, 2026 · 2 private fundsShowHide
- Headquarters
- Beijing, Chinaadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- 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, adviser total
- $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
- Tianjin Junlian Jieyou Investment Management Partnership Enterprises (limited Partnership) (Limited Partner), owns 25% to 50%; Tianjin Huizhi No.1 Investment Management Partnership Enterprises (limited Partnership) (Limited Partner), owns 50% to 75%; Chinese Academy of Sciences (Shareholder), owns 75% or more
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $1.5B across 6 vehicles
- Sep 15, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $2.4B across 6 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $2.3B across 5 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | Jul 27, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 30, 2024 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Jul 27, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 30, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-04-23 | Mar 27, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-04-23 | Mar 30, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-07-27 | Jul 27, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-27 | Mar 27, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-30 | Mar 30, 2024 | Fact | Form ADV |
| SEC status | Approved | Jul 27, 2026 | Fact | Form ADV |
| SEC status effective | 2025-06-13 | Jul 27, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 27, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 30, 2024 | Fact | Form ADV |
| Business phone | Jul 27, 2026 | Fact | Form ADV | |
| Business phone | Mar 30, 2024 | Fact | Form ADV | |
| Employees | 3 | Jul 27, 2026 | Fact | Form ADV |
| Headquarters | Mar 30, 2024 | Fact | Form ADV | |
| Office address | Mar 30, 2024 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Jul 27, 2026 | Fact | Form ADV |
| Legal form | Corporation | Mar 30, 2024 | Fact | Form ADV |
| Private funds reported | 2 | Jul 27, 2026 | Fact | Form ADV |
| Private funds reported | 6 | Mar 27, 2026 | Fact | Form ADV |
| Private funds reported | 6 | Mar 30, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $400,000 | Jul 27, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.5B | Mar 27, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $2.4B | Mar 30, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $250M | Jul 27, 2026 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Jul 27, 2026 | Fact | Form ADV |
| Venture funds reported | 2 | Jul 27, 2026 | Fact | Form ADV |
| Venture funds reported | 6 | Mar 27, 2026 | Fact | Form ADV |
| Venture funds reported | 6 | Mar 30, 2024 | Fact | Form ADV |
| Website | Jul 27, 2026 | Fact | Form ADV | |
| Website | Mar 30, 2024 | Fact | Form ADV | |
| Website status | unreachable “home page did not answer with HTML” | Sep 16, 2026 | Fact | |
| Website status | unreachable “home page did not answer with HTML” | Sep 15, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmed · 2 filing advisers share this firmShowHide
Venture manager, reported GAV $1.5B across 6 vehicles
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.
- importance
- gav: 0.66 · funds: 0.67 · people: 0.48 · investments: 0.22 · co investors: 0.55
- active deployment
- investments 12m: 0.38 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2026-08-12
- emerging manager
- fund count: 8 · reported gav: $1.5B · first adv filing: 2012-04-23 · years since first filing: 14.4
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Schedule a restructured2026-07-27source on record
- Adviser's first ADV filing2012-04-23source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.