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The Venture Codex

Legend Capital

16th Floor, Tower B, Raycom Infotech Park, No. 2 Kexueyuan South Road, Zhongguancun, Haidian District, Beijing, 100190, China

Overview

Legend Capital, a subsidiary of Legend Holdings Ltd., started its vintage year in April, 2001 with a mission to become a top-notch and the most respected venture capital investment manager in China. Managing up to US$700 million across four funds, Legend Capital focuses on driving high-growth ventures with operations substantially based in China or on markets related to China. Legend Capital mainly invests in early stage IT companies, specifically, in sectors of network applications and services, outsourcing and professional services, Infrastructure (IC design/key components), and mid-market growth stage companies in the fields of consumer goods, clean technology, health care, equipment manufacturing and modern services. Among over 60 portfolio companies are Joyo.com (acquired by Amazon.com), SinoCom (0299.HK), Solarfun Power (Nasdaq: SOLF), Spreadtrum Communications (Nasdaq: SPRD), China Sunshine Paper (2002.HK), and VanceInfo (NYSE:VIT), Eyang (0117.HK), etc. As an active investor, Legend Capital provides its portfolio companies extensive business resources and tailored services to assist with business development, company image building, and other critical company building activities on Chinese market so as to add value and maximize returns. Legend Capital is proud and thankful that it has the opportunity to blaze a trail with its innovative practice for China's venture capital industry.

Total investments
93
Lead investments
33
Investments · 12mo
21
Active investors
14

Sector focus

  • Enterprise Software
  • Financial Services
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Investment portfolio

  • BEYANG Therapeutics

    Led · Series A · Aug 2026

    BEYANG Therapeutics uses its ExCEED AI-powered molecular design platform to discover and develop differentiated small-molecule therapeutics. Its lead programs include BT01001, a non-invasive eye drop candidate for retinal diseases, and BT01002, a next-generation Menin inhibitor designed to overcome resistance in acute leukemia. The company plans to advance these programs through clinical development and expand its global R&D capabilities. BEYANG is positioning its platform-driven approach to accelerate drug discovery timelines and generate globally competitive assets. The recent Series A financing is intended to fund those development and expansion plans.

  • Mochi Intelligence

    Participated · Series A · Jul 2026

    Mochi Intelligence is an embodied intelligence startup founded by veterans from Huawei and logistics operations, building service-oriented robots with a long-term vision of general-purpose household robots. The company has kept product specifications private so far and has not disclosed customers, orders, delivery volumes, or revenue. Leadership includes Huang Qingqiu, formerly head of Huawei's Autonomous Driving AI division, and CEO Gao Wenli, who has experience in Huawei's carrier business and co-founded iMile; investors cited their track records as a key rationale for the company's valuation. Mochi plans to launch its first service-oriented robot in July and will initially target commercial service scenarios where environments are more static and tasks more defined. The company intends to use real-world deployments to collect data and iterate its algorithms, mirroring closed-loop training approaches used in autonomous driving, before expanding toward household applications.

  • Moqi

    Participated · Equity · Jul 2026

    Moqi develops real-time embodied systems that integrate hardware, software, algorithms and data for robotic applications. The company is porting proven autonomous-driving methods — such as data loops, on-device model optimization and mass-production quality control — into embodied AI. It plans to deploy robots first in commercial service settings and later move into homes, with a long-term aim of creating a self-evolving household robot. Moqi is pre-revenue and intends to accelerate development of its embodied foundation model and data-loop infrastructure using fresh capital. The startup was founded in late 2025 and is led by CEO Gao Wenli, a co-founder of cross-border logistics firm iMile, and CTO Huang Qingqiu, who previously headed AI for Huawei’s smart-driving unit. The company’s strategy reflects a winner-takes-most approach amid a financing rush in Chinese embodied intelligence.

  • Discover Robotics

    Participated · Seed · Jul 2026

    Founded in 2023 and incubated at Tsinghua University’s Institute for AI Industry Research (AIR), DISCOVER Robotics develops consumer-grade embodied intelligence products and integrated software-hardware solutions for commercial services and domestic care. In July the company officially released its seven-axis robotic arm, the AIRBOT P7, which features built-in 10 TOPS AI computing capability and an eight-core ARM Cortex-A55 processor. The firm describes its focus on delivering high-performance robotics suitable for household and service scenarios and is part of a wave of startups aiming to bring AI-powered robotics into millions of homes. Founder and chief scientist Dr. Zhou Guyue is an associate professor at Tsinghua and previously spent nearly a decade at DJI, where he led product work on the DJI Spark mini-drone series. The company has rapidly attracted large institutional and strategic investment, including back-to-back fundraising rounds that lifted its valuation to at least $1 billion. No public revenue or user metrics were disclosed in the coverage.

  • Optolink Technology

    Led · Series A · Jun 2026

    Optolink Technology focuses on technological innovation in optical interconnection targeted at large-scale AI computing scenarios, aiming to build efficient, low-power interconnection architectures for AI computing centers. The company has developed capabilities across core optoelectronic devices, advanced packaging, and process optimization, and emphasizes independent innovation and industrial collaboration. Optolink is a flagship project incubated by Zhenzhi Venture Capital and has received sustained involvement and industrial support from Zhenzhi’s partners. Management and investors highlight the company's progress from R&D verification toward large-scale commercial deployment and mass production. The company plans to use recent proceeds to scale manufacturing, expand market presence, and continue R&D to accelerate adoption of all-optical interconnection. Public reports note the financing cycle and cumulative funding have set domestic records for startups in the optical interconnection field.

Team