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Primavera Capital Group

48/F China World Tower 3, 1 Jian Guo Men Wai Avenue, Beijing, 100004, China

Overview

Global investment firm managing RMB and USD funds.

Founded

1995

Deals ยท 12mo

3

Links

WebsiteLinkedIn

Stage focus

Series A
Series B

Geographic focus

China
United States

Sector focus

Financial Services

Investment portfolio

26rounds
NAMEDATESIZE
Tripo AI
Sep 2026Participated
$445 MSeries B
VAST
Mar 2026Participated
$50 MSeries A
Tripo AI
Mar 2026Participated
$50 MSeries A
Adden Energy
Oct 2024Participated
$15 MSeries A
Snow Tech
Jan 2024Led
$14 MSeries A
Corsair Pharma
Sep 2023Participated
$23 MSeries B
Dimension
Oct 2022Participated
$8 MSeries A
Adden Energy
Sep 2022Led
$5 MSeed
Hong Kong Asia Heart Centre
Feb 2022Led
$400 MSeries D
Starfield Food & Science Technology
Jan 2022Led
$100 MSeries B
Starfield
Jan 2022Led
$100 MSeries B
SyMap Medical
Dec 2021Led
$100 MOther Equity
Tripo AI
Sep 2026Participated
$445 MSeries B
VAST
Mar 2026Participated
$50 MSeries A
Tripo AI
Mar 2026Participated
$50 MSeries A
Adden Energy
Oct 2024Participated
$15 MSeries A
Snow Tech
Jan 2024Led
$14 MSeries A
Corsair Pharma
Sep 2023Participated
$23 MSeries B
Dimension
Oct 2022Participated
$8 MSeries A
Adden Energy
Sep 2022Led
$5 MSeed
Hong Kong Asia Heart Centre
Feb 2022Led
$400 MSeries D
Starfield Food & Science Technology
Jan 2022Led
$100 MSeries B
Starfield
Jan 2022Led
$100 MSeries B
SyMap Medical
Dec 2021Led
$100 MOther Equity
26
Items
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Insights

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Deal Distribution

Primavera Capital Group: 26 funding rounds are recorded in the selected participation categories.All available history.
Primavera Capital Group: 26 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed10
Series A14
Series B33
Series C+33
Other Equity53

Monthly Deal Activity

Primavera Capital Group: 26 deals are recorded across 128 months.All available history.
Primavera Capital Group: 26 deals are recorded across 128 months. All available history
MonthDeals
Mar '161
Apr '161
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '171
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '171
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '181
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '191
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '201
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '201
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '211
Feb '211
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '211
Sep '210
Oct '212
Nov '211
Dec '211
Jan '222
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '221
Oct '221
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '262
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Primavera Capital Group: Health & Life Sciences is the largest displayed sector by deal count (7 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Primavera Capital Group: Health & Life Sciences is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Health & Life Sciences7
Transportation & Logistics5
Manufacturing5
AI & Machine Learning5
E-Commerce & Retail4
Clean Energy & Sustainability4
Enterprise Software3
AR/VR3
Networks, Cloud & Communication3
Food & Agriculture3
Fintech2
Professional Services2
Cybersecurity & Privacy1
Real Estate & Construction1
Data, Analytics & IT1
Consumer & Lifestyle1
Hardware & Robotics1

Deal Size Distribution

Primavera Capital Group: 26 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Primavera Capital Group: 26 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M2
$10M-$25M3
$25M-$50M0
$50M-$100M4
$100M-$250M4
$250M-$500M3
$500M-$1B5
$1B+5

Deals By Geography

Primavera Capital Group: China has the largest recorded deal count among the displayed regions (15 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

Primavera Capital Group: China has the largest recorded deal count among the displayed regions (15 deals). All available history
RegionDeals
China15
United States7
Europe1
Indonesia1
Hong Kong1
Singapore1
Primavera Capital Group: 20 co-investors are shown, with Hongshan Capital Group (Sequoia Capital China) sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

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Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Primavera Capital Group: 20 co-investors are shown, with Hongshan Capital Group (Sequoia Capital China) sharing 4 recorded deals. All available history
Co-investorShared deals
Hongshan Capital Group (Sequoia Capital China)4
Alibaba3
CDH Investments3
Joy Capital3
Baidu Ventures2
Beijing Artificial Intelligence Industry Investment Fund2
CMC Capital2
FountainVest Partners2
Foxconn2
Hillhouse Capital2
Lightspeed China Partners2
MassVentures2
Matrix2
Morningside2
Rhapsody Venture Partners2
Sky9 Capital2
Temasek2
Tencent2
37 Interactive Entertainment1
500 Global1

Investment Strategy

Primavera Capital Group: Led accounts for 50% and participating for 50% of round participation.All available history.
Primavera Capital Group: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led1350%
Participating1350%
Primavera Capital Group: Single-lead accounts for 46% and co-led for 54% of lead dynamics.All available history.
Primavera Capital Group: Single-lead accounts for 46% and co-led for 54% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead646%
Co-led754%

Team

Dapeng Zhu

Managing Director

David Lin

Managing Director

Fred Hu

Founder, Chairman & CEO

Johnny Zou

Executive Director

William Wang

Founding Partner

Zhai Haitao

President and Partner