Legend Capital
君联资本
Legend Capital is a Chinese venture capital firm with a long track record dating back to at least 2017, when it appeared alongside peers like ZhenFund and Sequoia in industry surveys . The firm has built a portfolio spanning consumer internet, AI, biotech, and advanced technology. It was among the major shareholders in Bilibili at the time of its 2018 US IPO , and counted as an early backer of Zhipu AI, the foundation-model company, per elsewhere's reporting . More recent bets include leading the pre-A round for Zhongke Guosheng, a synthetic biology company, in 2022 , and participating in both the angel and angel-plus rounds of NovaFusion, a commercial fusion startup, in 2025-2026 . The firm also re-upped in Zhongke Guosheng's 2025 A+ round as a continuing shareholder . Its historical investments include Onion Math, the K-12 edtech platform, where it joined the Series C in 2018 and followed into the D round .
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Coverage
Nova Fusion Closes Massive 700 Million Yuan Angel+ Round, Aiming for the Global First Tier of Commercial Fusion
Fusion for AI & Beyond
高榕创投·Embodied intelligence startup ZhiJian Power closed five funding rounds within six months, raising a total of 2 billion yuan.
Build embodied intelligence products with high user value.
高榕创投·The Fundraising Stories of China's "Six Little Tigers": Six Paths, Six Lives
If Kimi ever goes public, will the bell-ringing photo look very different?
elsewhere别处发生·January, Emergence, and Prologue | 5Y News Monthly
The big news from last month.
五源资本·Rongbao | Biren Technology and Seyond list successfully in Hong Kong, Moonshot AI completes major funding round
A new chapter begins.
高榕创投·5Y News | Noitom Robotics Completes Pre-A+ Funding Round
Accelerating the construction of data infrastructure for the embodied intelligence era.
五源资本·"Autonomous Variable Robotics" Closes 1 Billion Yuan Series A+ Round, Open-Sources End-to-End Embodied Foundation Model | Yunqi Capital
Models and hardware iterating at breakneck speed
云启资本·Nova Fusion Closes 500 Million Yuan Angel Round, Setting New Record for Single-Round Funding Among Domestic Private Fusion Companies
Focused on the commercialization of small modular nuclear fusion.
高榕创投·Huayi Quantum raises hundreds of millions of RMB in Series A funding to accelerate commercialization of quantum computing
Standing at the intersection of the AI and quantum computing revolutions.
高榕创投·Where Are the Bold State Investors?
Breaking Down the Most Active Local State-Owned Capital.
暗涌Waves·April: Curiosity and New Paths | 5Y News Monthly
The big news from last month.
五源资本·Gaorong Report · 2025 | Innovative Drugs, Agri-Tech, AI Content Platforms Close Funding Rounds; Gaorong Earns Multiple Accolades
Innovation as the sail, hard work as the oar.
高榕创投·Yunqi Capital Co-leads Over 100 Million RMB Series B in AI Smart Imaging Brand "hohem" | Yunqi Capital
How Can On-Device AI Help You Create Content?
云启资本·Anlink Bio Completes $42 Million Series A Round to Accelerate Global Development of Bispecific Antibodies and ADC Pipeline
Achieving a rapid transition from preclinical to clinical stages.
高榕创投·Pony.ai's Funding Story: Daydreams in a Winter Storm
The final exam is approaching.
暗涌Waves·Summer rains bring gentle relief, good things flourish like green grass | Z News
Long, languid July.
真格基金·Accelerated R&D and Commercialization of Frontier Products: Medical Devices, Digital Services, and New Brands Go Global | Rongbao
As the year draws to a close and a new one begins, the pace never lets up.
高榕创投·Stack Data Completes Nearly RMB 200 Million Series C+ Round, Doubling Down on Health Insurance Tech Services
Building a diversified insurtech value chain, with deep roots in Asia-Pacific insurance markets.
高榕创投·DPI > 1 — it's a magic spell.
Before taking responsibility for a new world, GPs must first answer to their LPs.
暗涌Waves·From Angel to G+ Round: 5 Early-Stage FreeS Fund Portfolio Companies Raise Over 3 Billion RMB | FreeS Family Funding News · Vol 14
Looking forward to working alongside more outstanding founders.
峰瑞资本·January: Toward Broader Horizons | 5Y News Monthly
The big news from last month.
五源资本·5Y News | 5Y Capital Portfolio Company "Zhongke Guosheng" Closes Nearly RMB 100 Million Pre-A Round
Accelerate the development of China's bio-based materials industry.
五源资本·No Fear of a Long and Difficult Road | 5Y News Monthly
The big news from last month.
五源资本·Energy storage batteries, chips, and other frontier sectors land funding; smart manufacturing leads the charge overseas | Rongbao · September
September milestone.
高榕创投·5Y News | 5Y Capital Portfolio Company GalaxySpace Closes New Funding Round
Accelerating China's satellite internet infrastructure development.
五源资本·GalaxySpace Closes New Funding Round, Accelerating China's Satellite Internet Buildout
China's first unicorn in the commercial space and satellite internet sectors.
高榕创投·Taking the Next Step This Summer: 7 Companies Announce Funding | FreeS Family Funding News · Vol 11
Walk alongside more outstanding founders.
峰瑞资本·Gaorong Monthly · December | Gaorong Ventures and Its Frontier Tech / Consumer / Healthcare / Enterprise Service Portfolio Companies Win Multiple Annual Awards
Its technological and innovative capabilities have won recognition.
高榕创投·2022, the Door Opens to the Future | 5Y News Monthly
The big news from last month.
五源资本·5Y News | AI Microbiome Drug Developer "Unknown" Closes Nearly $100 Million Series B Financing
Launching a new AI×BT strategy.
五源资本·Rongbao · May | Pinduoduo Enters the Era of 800 Million Users, Waterdrop Inc. Debuts on the NYSE
Meeting the needs of China's vast user base for a better life.
高榕创投·Blokees Closes RMB 600 Million Series B, Chinese Original Building-Block Brand Keeps Building Momentum
Build a global children's brand born from Chinese creativity.
高榕创投·5Y News｜Unknown Closes Tens of Millions of Dollars in Series B+ Funding to Advance Microbiome Drug Clinical Trials
Leading domestic microbiome therapeutics company Unknown has recently completed a tens-of-millions-of-dollars Series B+ funding round, with continued backing from 5Y Capital.
五源资本·5Y News | GalaxySpace Closes New Funding Round, Becoming China's First Satellite Internet Unicorn
GalaxySpace, a leading satellite internet company, has closed its latest funding round at a post-money valuation of nearly RMB 8 billion.
五源资本·Gaorong Monthly · November | Gaorong Ventures Wins "2019 China VC Firm of the Year" and Other Awards, 24 Portfolio Companies Named to 36Kr's "King of New Economy" List
Embrace the power of technology and innovation to create a better life together.
高榕创投·Rongbao · September | YITU and Zhuiyi Clinch World Championship Titles, "Ronghui" Steps into QQ Mini Programs...
Wishing everyone a happy National Day!
高榕创投·GalaxySpace has completed a new round of financing, aiming to provide global 5G satellite communications and satellite internet services.
Following this round of funding, the company will continue to focus on R&D for low-orbit broadband communications satellites and the commercial deployment of application scenarios.
高榕创投·Onion Math Closes 300 Million Yuan Series D Round, FreeS Fund Continues to Follow On | FreeS Fund Deal News
Internet-based inclusive education focused on primary and secondary school students
峰瑞资本·Eleven Breakthroughs in Early Summer: Even Now That We're Grown Up, We Still Believe "Creating Is Endlessly Fun" | FreeS Fund Blackboard · May
Every bit of growth is worth commemorating.
峰瑞资本·Olympic Champion Li Xiaopeng Joins Amino Acid Hair Care Brand Zhiguan in Closing Tens of Millions of RMB in Series B Funding | FreeS Fund Deal News
Get younger consumers to keep buying and buying.
峰瑞资本·春天里的9份收获和4点洞察 | 峰瑞黑板报·3月
朝前看，坚持做。
峰瑞资本·Onion Math Closes Series C Funding of Over 100 Million RMB to Expand Unmanned K-12 Science Tutoring | FreeS Fund Deal News
You can't reach a new world by following an old map. Onion Math ushers in the Online Education 3.0 era.
峰瑞资本·Why Is the Pay Gap Between '80s and '90s AI Talent Only 15%? | *2017 Early-Stage Enterprise Compensation Survey Report*
The salary secrets of 19,014 positions across 152 companies.
峰瑞资本·How Should Startups Design a Compensation System? Here's a Chance to Get the *2017 Early-Stage Enterprise Compensation Survey Report*
Manage the "people" and the "money."
峰瑞资本·
