<article>Chinese venture capital firm<a style="color: #000080;" href="https://www.dealstreetasia.com/stories/china-dealbook-up-pictures-24tidy-raise-8-digit-funding-66485/" target="_blank" rel="noopener noreferrer"> Legend Capital </a>has raised $448 million for its seventh <a style="color: #000080;" href="https://www.dealstreetasia.com/stories/china-backed-fund-raises-500m-us-eu-startups-72585/" target="_blank" rel="noopener noreferrer">China-focused venture capital fund</a>, a vehicle that hit the road to raise funds more than a year ago.</article>

Chinese venture capital firm<a style="color: #000080;" href="https://www.dealstreetasia.com/stories/china-dealbook-up-pictures-24tidy-raise-8-digit-funding-66485/" target="_blank" rel="noopener noreferrer"> Legend Capital </a>has raised $448 million for its seventh <a style="color: #000080;" href="https://www.dealstreetasia.com/stories/china-backed-fund-raises-500m-us-eu-startups-72585/" target="_blank" rel="noopener noreferrer">China-focused venture capital fund</a>, a vehicle that hit the road to raise funds more than a year ago.
Legend Capital, the investment arm of Chinese technology company and <a style="color: #000080;" href="https://www.dealstreetasia.com/stories/china-lenovo-capital-co-leads-100m-round-in-miss-freshchina-lenovo-capital-co-leads-100m-round-in-miss-fresh-63276/" target="_blank" rel="noopener noreferrer">Lenovo&#8217;s</a> owner Legend Holdings, had raised $500 million in May 2014 for its previous vehicle which took only six months to raise the amount higher than the current fund.
The current vehicle was launched in February last year with a target of $375 million. By February this year, it had raised only $243 million for the seventh vehicle, according to an SEC filing at that time. This indicates that the investor&#8217;s interest may have beefed up in the past two-three months since February to raise $205 million.
According to reports, the vehicle is set to target high growth opportunities in China-based <a style="color: #000080;" href="https://www.dealstreetasia.com/stories/malaysia-media-prima-pitches-with-1337-ventures-to-groomfund-game-developers-72480/" target="_blank" rel="noopener noreferrer">technology, media, telecommunications and consumer goods sectors.</a>
Founded in 2001, Legend Capital focuses on innovation and growth enterprises with operations in China or related to China. The core business of the firm early-stage venture capital and expansion-stage growth capital investment.
It claims to manage several USD funds and RMB funds with total assets under management worth RMB 30 billion.By 2016, Legend Capital had invested in over 300 companies, of which over 50 are listed on domestic or overseas capital market while around 40 companies achieved exit through M&amp;As.
The firm, was this week reported to have led a $17 million series B funding round in Shanghai-based aesthetic medical and beauty services company PhiSkin. Earlier this year, in February, it led a $14 million round in Chinese self-driving tech firm Zongmu Technology.
Previously, it co-led a $100-million funding round in <a style="color: #000080;" href="https://www.dealstreetasia.com/stories/china-legend-capital-jonathan-lu-back-atourhotel-100m-oriental-fortune-funds-dadaabc-61379/" target="_blank" rel="noopener noreferrer">Chinese boutique hotel operator AtourHotel</a> and prior to that it invested $20 million along with Alibaba&#8217;s investment arm Riverhill Fund in Chinese online seafood marketplace Gfresh.
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<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/china-legend-capital-jonathan-lu-back-atourhotel-100m-oriental-fortune-funds-dadaabc-61379/">China: AtourHotel secures $100m; Oriental Fortune funds DadaABC</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/64147-64147/">Chinese VC Legend Capital receives $243m for 7th fund</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/legend-capital-co-leads-14m-series-b-chinese-auto-tech-developer-66006/">Legend Capital co-leads $14m Series B in Chinese auto tech developer</a>

Chinese VC Legend Capital has raised $448m for its 7th fund, a vehicle that hit the road to raise capital more than a year ago.

Legend Capital closes seventh China-focused fund at $448m

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Legend Capital closes seventh China-focused fund at $448m

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