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The Venture Codex

Overview

Venture capital investment manager focused on high-growth Chinese ventures.

Founded

2001

Deals ยท 12mo

20

Stage focus

Series A
Series B
Series C

Geographic focus

China
South Korea
United States

Sector focus

Enterprise Software
Financial Services

Investment portfolio

94rounds
NAMEDATESIZE
NeuShen Therapeutics
Sep 2026Participated
$80 MSeries B
BEYANG Therapeutics
Aug 2026Led
$30 MSeries A
Mochi Intelligence
Jul 2026Participated
$147 MSeries A
Moqi
Jul 2026Participated
$147 MOther Equity
Discover Robotics
Jul 2026Participated
$100 MSeed
Optolink Technology
Jun 2026Led
$74 MSeries A
HeyGears
May 2026Led
$44 MSeries C
Infinigence
May 2026Participated
$103 MOther Equity
Xellar Biosystems
Apr 2026Participated
$29 MSeries A
Simplexity Robotics
Mar 2026Participated
$291 MOther Equity
Shenshui Technology
Mar 2026Participated
$14 MSeries A
VITURE
Feb 2026Led
$100 MOther Equity
NeuShen Therapeutics
Sep 2026Participated
$80 MSeries B
BEYANG Therapeutics
Aug 2026Led
$30 MSeries A
Mochi Intelligence
Jul 2026Participated
$147 MSeries A
Moqi
Jul 2026Participated
$147 MOther Equity
Discover Robotics
Jul 2026Participated
$100 MSeed
Optolink Technology
Jun 2026Led
$74 MSeries A
HeyGears
May 2026Led
$44 MSeries C
Infinigence
May 2026Participated
$103 MOther Equity
Xellar Biosystems
Apr 2026Participated
$29 MSeries A
Simplexity Robotics
Mar 2026Participated
$291 MOther Equity
Shenshui Technology
Mar 2026Participated
$14 MSeries A
VITURE
Feb 2026Led
$100 MOther Equity
94
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Deal Distribution

Legend Capital: 94 funding rounds are recorded in the selected participation categories.All available history.
Legend Capital: 94 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A1211
Series B1015
Series C+723
Other Equity411

Monthly Deal Activity

Legend Capital: 94 deals are recorded across 191 months.All available history.
Legend Capital: 94 deals are recorded across 191 months. All available history
MonthDeals
Dec '101
Jan '110
Feb '111
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '111
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '131
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '141
Feb '140
Mar '141
Apr '141
May '140
Jun '143
Jul '141
Aug '140
Sep '140
Oct '140
Nov '141
Dec '140
Jan '151
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '152
Sep '150
Oct '150
Nov '150
Dec '152
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '162
Dec '160
Jan '170
Feb '171
Mar '170
Apr '170
May '170
Jun '170
Jul '172
Aug '170
Sep '171
Oct '170
Nov '171
Dec '170
Jan '183
Feb '180
Mar '180
Apr '182
May '181
Jun '180
Jul '180
Aug '182
Sep '180
Oct '180
Nov '180
Dec '181
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '191
Oct '192
Nov '190
Dec '190
Jan '200
Feb '201
Mar '201
Apr '201
May '200
Jun '202
Jul '201
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '210
Apr '211
May '211
Jun '210
Jul '211
Aug '213
Sep '210
Oct '210
Nov '211
Dec '211
Jan '220
Feb '221
Mar '221
Apr '222
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '221
Nov '222
Dec '220
Jan '230
Feb '231
Mar '230
Apr '232
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '233
Nov '230
Dec '230
Jan '241
Feb '240
Mar '241
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '241
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '251
Aug '251
Sep '252
Oct '252
Nov '251
Dec '252
Jan '261
Feb '263
Mar '262
Apr '261
May '262
Jun '261
Jul '263
Aug '261
Sep '261
Oct '260

Sector Breakdown

Legend Capital: Health & Life Sciences is the largest displayed sector by deal count (43 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Legend Capital: Health & Life Sciences is the largest displayed sector by deal count (43 deals). All available history
SectorDeals
Health & Life Sciences43
AI & Machine Learning20
Manufacturing19
Networks, Cloud & Communication16
Space & Frontier Tech13
Enterprise Software12
Hardware & Robotics11
Data, Analytics & IT9
Transportation & Logistics9
Consumer & Lifestyle9
E-Commerce & Retail8
Education & Workforce4
Professional Services4
Food & Agriculture3
AR/VR2
Clean Energy & Sustainability2
Real Estate & Construction2
Fintech2
Media & Entertainment2
Gaming & eSports2
Social & Community Platforms2
Travel & Hospitality1
Developer Tools1

Deal Size Distribution

Legend Capital: 94 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Legend Capital: 94 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M23
$25M-$50M23
$50M-$100M19
$100M-$250M21
$250M-$500M7
$500M-$1B1
$1B+0

Deals By Geography

Legend Capital: China has the largest recorded deal count among the displayed regions (60 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

Legend Capital: China has the largest recorded deal count among the displayed regions (60 deals). All available history
RegionDeals
China60
United States21
South Korea7
Hong Kong3
Australia1
Europe1
United Arab Emirates1
Legend Capital: 20 co-investors are shown, with Qiming Venture Partners sharing 7 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

Legend Capital: Led accounts for 35% and participating for 65% of round participation.All available history.
Legend Capital: Led accounts for 35% and participating for 65% of round participation. All available history
CategoryDeals (count)Share (%)
Led3335%
Participating6165%
Legend Capital: Single-lead accounts for 58% and co-led for 42% of lead dynamics.All available history.
Legend Capital: Single-lead accounts for 58% and co-led for 42% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1958%
Co-led1442%

Team

Fei Qi

Business Management

Hank Zhou

Executive Director

Hao Chen

Managing Director and Head of Investment

Jiaqing Li

Managing Director

Junfeng Wang

Managing Director

Nengguang Wang

Managing Director and CFO

Ouyang Hao

Managing Director and General Counsel

Rui Chen

Managing Director

Xiangyu Ouyang

Managing Director

Zehui Liu

Managing Director