Legend Star
联想之星
elsewhere's corpus doesn't carry a dedicated profile of Legend Star (联想之星), so firm-level facts like its founding year or fund size aren't covered here. What the coverage does show is its footprint as an early-stage investor across Chinese tech and healthcare deals: it co-led the Pre-A+ round in digital therapeutics company IBT Wujiang Technology with MSA Capital in 2021 , followed into warehouse robotics company HAI ROBOTICS' $200M Series D the same year , and has repeatedly doubled down on embodied-AI startup Independent Variable Robotics through its ~1 billion yuan Series A+ in 2025 . Its more recent activity spans a record 330 million yuan angel round in invasive BCI startup Initiative Tech (August 2026) and an oversubscribed top-up in Deep Principle's Series A (July 2026) — a pattern of early entry plus continued follow-on across robotics, AI, and biotech. It also backed AI media company Synced through its Comet Labs arm as far back as 2017 .
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Coverage
Dalton Venture Backs Invasive BCI, Active Technologies' 330 Million Yuan Angel Round Sets New Domestic Record for Brain-Computer Interface Funding | Dalton News
On August 3, **Shanghai Initiative Technology Co., Ltd. (hereinafter referred to as "Initiative Technology") announced the completion of a 330 million RMB angel funding round, setting a new record for angel-round financing in China's brain-computer interface sector. This round was led by CASSTAR, with co-investment from Dalton Venture, Legend Star, Unity Ventures, Inno Angel Fund, BGI Songhe Bio Fund, LYFE Capital, and Jiadao Capital**. The proceeds will be mainly used for facility expansion, equipment upgrades, and clinical trial advancement.
Invasive brain-computer interface startup Initiative Tech raises 330 million yuan in record China BCI angel round | Unity Ventures portfolio newcomer
The domestic invasive brain-computer interface company with the most comprehensive product line
"Deep Principle" Closes Nearly RMB 1 Billion in Total Series A Funding, Linear Capital Continues to Increase Stake | Linear Portfolio
Leading globally in AI scientist capabilities and industrial implementation.
Booster Robotics Closes New Funding Round, Existing Investor Source Code Capital Continues to Increase Stake
Source Code Capital was the lead investor in J&T Global Express's Pre-A round and continued to increase its stake in subsequent funding rounds.
Heart Capital's Bingjian Wu: When "Lobster" Started Replying to My WeChat Messages for Me, I Saw the Glimmer of an Agent | Voice
The Great AI Voyage of the Chinese Diaspora
Here are 14 startups that haven't been covered yet.
Always celebrate the risk-takers.
Eight Unity Ventures Portfolio Companies Announce Funding Rounds: AI Evolution, Biotech Surge, and Accelerated Globalization | Unity Ventures Autumn Update
Total funding raised exceeds 2 billion yuan.
"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
Independent Variable Robotics Raises Nearly 1 Billion Yuan in Series A+ Round, Open-Sources End-to-End Embodied AI Foundation Model WALL-OSS
Alibaba Cloud Makes Its First Move Into Embodied Artificial Intelligence
The Only AI4S Company Invited Worldwide, "Deep Principle" Attends Davos Summer Forum Panel Discussion | Linear Portfolio
and was selected as a Technology Pioneer by the World Economic Forum at Davos in 2025.
"If You Don't Understand These 3 Differences Between AI and Mobile Internet, Don't Bother Starting a Company"
Bingjian Wu, Partner at Heart Capital (formerly Soul Capital), former mobile product manager and strategic analyst at a major tech firm, previously at K2VC and
AI Thinking Part Three: One-Year-Old vs. Eighteen-Year-Old AI | VOICE
The best way to predict the future is to create it.
Code Engraving | Behind the Air Suspension Boom: How KH Automotive Technologies Became an Industry Leader in Five Years
Konghui currently holds a 39.2% market share in China's air suspension market, ranking first.
200 Days of Frenzy: China's LLM Wars Stuck in a Stalemate
Consensus can form quickly — and dissolve just as fast.
China Energy Storage (Zhongchu Guoneng) Completes 320 Million Yuan Pre-A+ Round to Accelerate New Energy Storage Technology Layout
A pioneer and leader in China's compressed air energy storage sector.
Digital therapeutics company IBT无疆科技 announced the completion of its Pre-A+ funding round, with existing investor Source Code Capital continuing to increase its stake.
Advancing the Commercialization of Next-Generation Digital Therapeutics
October is full of hope and fervor | 5Y News Monthly
The major events from last month.
Source Code Capital portfolio company HAI ROBOTICS raises over $200 million across two rounds, with existing shareholder Source Code Capital continuing to increase its stake
Accelerating its global expansion, the company's operations now span more than 30 countries and regions across five continents.
5Y News | Hai Robotics Announces Two Rounds of Funding Exceeding $200 Million, Bringing Logistics Robots to Every Factory and Warehouse
A global leader in carton-based autonomous mobile robot (AMR) systems for warehouse automation.
Orthopedic AI Company Changmugu Completes Tens of Millions of RMB Pre-A Round | FreeS Fund Investment News
Focused on AI-assisted full-process surgical solutions
1.39 Billion Consumers No Longer March in Lockstep: How Should Brands Tell Their "China Story"? | FreeS Fund Business School
A sense of timeliness + Chinese elements + clear values = a great Chinese story.
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.
Ma Hui | Synced Closes Pre-A Round Led by Toutiao, with Source Code Capital as Follow-On Investor
Recently, Synced closed its Pre-A funding round, led by ByteDance with participation from Source Code Capital, Xunchan Tou, and 5Y Capital.
