About Legend Star
Legend Star is a venture capital firm founded in 2008. It is primarily based out of Beijing, China. As of Jul 2023, Legend Star has invested in 217 companies. It primarily invests in Series A round in China based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Life Sciences. Most recently it participated in the $***** Series A round of CoJourney Overall, Legend Star portfolio has seen 4 unicorns, 35 IPOs and 13 acquisitions including key companies like Pony.ai, Suning.com and Lakala. A lot of funds co-invest with Legend Star, with names like Legend Capital sharing a substantial percentage of its portfolio. Legend Star has team of 17 people including 8 partners.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 5 more
Portfolio IPOs
Portfolio Unicorns
Legend Star's List of Top Investments
Legend Star has a portfolio of 217 companies, including 4 unicorns. Their most notable investments are in AbleCloud and AbleCloud.Their portfolio spans across China, United States, United Kingdom and 5 more locations. They have invested in High Tech, Enterprise Applications, Life Sciences and 37 other sectors, across stages such as Series A, Seed and 5 more. Here is the list of top investments by Legend Star:1. Pony.ai
The company specializes in developing autonomous driving technology for robotaxis, robotrucks, and POVs. Its core focus is on creating advanced autonomous driving systems designed to provide tailored solutions across multiple industries. By leveraging cutting-edge autonomous mobility technology and services, the company aims to enhance transportation efficiency, safety, and accessibility in diverse use cases.
Key facts about Pony.ai
- Founded Year: 2016
- Location: Fremont (United States)
- Stage: Public
- Total Funding till date: $1.19B
- Employee Count: 512 as on Jun 30, 2026
- Investors: Toyota, F-Prime Capital and 34 Others
- Latest Funding Round: Post IPO, Dec 02, 2024, $*****
- Highlight: Public
2. Suning.com
Retail chain of multi-category products. Its product categories include home appliances, consumer electronics, daily necessities, notebooks, etc. The company also claims that it provides free shipping. In 2023, the company recorded annual revenues of $11.98B and a net loss of $6.14B.
Key facts about Suning.com
- Founded Year: 1990
- Location: Nanjing (China)
- Stage: Public
- Investors: Alibaba Group, Xiaomi and 10 Others
- Latest Funding Round: Post IPO, Jul 05, 2021, $*****
- Highlight: Public
3. Lakala
POS payment acceptance solution for businesses. Provides hardware-based POS terminals for merchants. It facilitates payments through credit or debit cards. It also provides tools for sales and inventory management. Provides solutions for convenience stores, supermarkets, shopping malls, and community groceries.
Key facts about Lakala
- Founded Year: 2005
- Location: Hong Kong (China)
- Stage: Public
- Total Funding till date: $350M
- Employee Count: 576 as on Jun 30, 2026
- Investors: Hotung Investment Holdings, 5Y Capital and 9 Others
- Latest Funding Round: Series D, Jun 21, 2015, $*****
- Highlight: Public
4. Ripcord
Provider of AI-powered robotic document digitization and intelligent data extraction platform. The company combines proprietary robotics with optical character recognition, natural language processing, and machine learning to scan physical records, ingest digital files, classify structured and unstructured documents, and extract searchable data at scale. Its cloud content platform lets organizations access, search, and integrate this data into systems of record, enabling automated workflows, compliance, and analytics for sectors such as financial services, manufacturing, real estate, and the public sector.
Key facts about Ripcord
- Founded Year: 2014
- Location: Hayward (United States)
- Stage: Series B
- Total Funding till date: $147M
- Employee Count: 114 as on Jun 30, 2026
- Investors: Icon Ventures, Ascolta Ventures and 23 Others
- Latest Funding Round: Series B, Apr 16, 2024, $*****
- Highlight: Editors' Pick
5. Deem
Deem is a provider of corporate travel management solutions. Its API integrates with travel company websites to enable travel booking, ticket exchange, PNR editing, expense management, customization of travel programs for travel managers, reservations & procurement, reduction of flight and accommodation costs, as well as the integration of TripAdvisor reviews. Clients include Dornier MedTech America, VeriChek Technical Services & more.
Key facts about Deem
- Founded Year: 2000
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $671M
- Employee Count: 229 as on Jun 30, 2026
- Investors: Millennium Technology Value Partners, Saints Capital and 12 Others
- Latest Funding Round: Series F, Apr 21, 2016, $*****
- Highlight: Acquired
Legend Star's Year-on-Year Investment Trends
Legend Star has invested in 217 companies over the last 17 years, with an average of 7 new investments annually in the last 10 years. Its most recent first time investment was in CoJourney and most recent follow-on round was in Shanghai Penghai Laixun Data Technology.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 10 | 2 | 12 |
2021 | 11 | 4 | 15 |
2020 | 10 | 2 | 12 |
2019 | 14 | 5 | 19 |
2018 | 9 | 1 | 10 |
2017 | 9 | 1 | 10 |
Legend Star's Investments by Stage
Legend Star has made 45 investments in Series A stage with an average round size of $15.9M, 34 investments in Seed stage with an average round size of $5.39M and 10 investments in Angel stage with an average round size of $2.82M.Stage of entry | No. of Investments |
|---|---|
Series A | 45 |
Seed | 34 |
Angel | 10 |
Series B | 7 |
Series C | 3 |
Others | 3 |
Note: We have considered here, only first round of investments
Legend Star's Investments by Sector
Legend Star has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Consumer, Life Sciences and HealthTech. Notably, it has invested in 133 Tech companies, 115 Enterprise (B2B) companies, 65 Consumer (B2C) companies and at least 62 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 30 |
Enterprise Applications | 26 |
Consumer | 22 |
Life Sciences | 19 |
HealthTech | 9 |
Others | 113 |
Note: We have considered here, only first round of investments
Legend Star's Investments by Geography
Legend Star has made most investments in China (90), followed by United States where it has made 8 investments.Country | No. of Investments |
|---|---|
China | 90 |
United States | 8 |
France | 1 |
India | 1 |
Japan | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Legend Star's recent investments
Legend Star has not made any investment in 2026 so far.Here are the most recent investments by Legend Star:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 11, 2023 | United States | Series A | 8113 | [+2] | |
Nov 29, 2022 | United States | Series A | 8295 | [+7] | |
Sep 19, 2022 | China | Angel | 5346 | ||
Sep 06, 2022 | China | Series A | 6774 | ||
Jun 15, 2022 | China | Angel | 3845 | [+8] |
Unicorns in Legend Star's Portfolio
Legend Star has 4 unicorns in its portfolio - Hai Robotics, Knowbox, Megvii and others. The most recent unicorn in their portfolio is Hai Robotics. It became a unicorn in 2021.Here is a list of unicorns in Legend Star's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
63 | Developer of warehouse automation robotics technology | 2016 | Shenzhen | Series D | krngome | ||
47 | Provider of online education platform which connects students and teachers | 2014 | Beijing | Series D | tbxukvw | ||
64 | Developer of AIoT solutions, including software, hardware, and platform systems | 2011 | Beijing | Series D | sljtopx | ||
40 | Online B2B platform for second-hand car auction service | 2011 | Beijing | Series E | txuhqyu |
IPOs and Publicly Listed companies in Legend Star's Portfolio
35 of Legend Star's portfolio companies have become public. Axera got listed on the Hong Kong Exchanges (HKG), in Feb 2026 at marketcap of $2.12B and Souzhou Ribo Life Science got listed on the Hong Kong Exchanges (HKG) at marketcap of $1.23B.Here are Legend Star's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 10, 2026 | Apr 07, 2021 | Series A | 1999 | |
Jan 09, 2026 | 2015 | Series A | 3674 | |
Jan 08, 2026 | Apr 01, 2020 | Series A | 4129 | |
Dec 19, 2025 | 2018 | Series A | 5674 | |
May 27, 2025 | - | - | 1417 |
Acquired companies in Legend Star's Portfolio
13 companies from Legend Star's portfolio have been acquired. The most recent acquisition was Deem in Jun 2026 by Juniper Group for $*****.Here are Legend Star's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 04, 2026 | - | - | 4942 | |
Feb 07, 2023 | - | - | 9838 | |
Apr 22, 2022 | - | - | 9341 | |
Dec 07, 2021 | Jul 13, 2015 | Seed | 9584 | |
Mar 01, 2021 | - | - | 8596 |
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Team profile of Legend Star
Legend Star has a team of 17 members including 8 Partners and 2 Principals located in China and United States. Legend Star's team does not sit on the board of any company as of now.Here is a list of top team members in Legend Star:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Beijing | - | ||
Partner | Haidian | - | - | |
Partner | San Francisco | - | - | |
Partner | Beijing | - | - | |
Partner | San Francisco | - | - | |
Partner | China | - | - | |
Partner | Haidian | - | - | |
Partner | Beijing | - | ||
Principal | San Francisco | - | - | |
Principal | China | - | - |
Co-investors of Legend Star
Over the past 17 years, 474 investors have co-invested in Legend Star's portfolio companies. This includes funds and angels.
- Invested before Legend Star: Matrix Partners China, IDG Capital and 60 others have invested in rounds before Legend Star. There are 3 companies where Matrix Partners China has invested before Legend Star and 2 companies where IDG Capital has invested before Legend Star.
- Top Co-investors of Legend Star: 142 investors entered a company along with Legend Star. These include investors like Legend Capital (6 companies).
- Invested after Legend Star: A total of 270 investors have invested in Legend Star's portfolio after their investments. Top Investors include Shenzhen Capital Group (4 companies), Shunwei Capital (4 companies) and Yuanhe Holdings (3 companies).
Recent News related to Legend Star
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Penglai Data completed two rounds of Series A financing of several hundred million yuan within six months, further upgrading the hospital's intelligent operation and management servicesSprout NewsSeed•Sep 06, 2022•Legend Star, Bojiang Capital, Shanghai Penghai Laixun Data Technology, Yunqi Partners and 1 other
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China energy storage start-up Caes gets $48m pre-Series AAsian Venture Capital Journal•May 30, 2022•Tsinghua Holdings Capital, CMB International Capital, Legend Star, Puhua Capital
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J-Elephant completes $15m rounds of fundraisingChina Daily•Apr 27, 2022•Chuangxin Innovation Works, HongShan, Legend Star, Sinovation Ventures and 3 others
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"Daguan Data" received 580 million yuan in Series C financing36Kr•Mar 08, 2022•DataGrand, CITIC, GF Financial Markets, CITIC Securities International and 16 others
