/Investor DB

Primavera Venture Management Limited

Growth equity

Hong Kong · Growth–Late Stage · 27 people tracked

Also known as PRIMAVERA CAPITAL MANAGEMENT LTD

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Investment thesis

Primavera focuses on capturing attractive investment opportunities across the dynamic Asia-Pacific region. The firm aims to build trusted, lasting partnerships with high-potential growth companies, seeking to promote entrepreneurship, fuel innovation, create business value, and generate positive impact on society. It positions itself as a bridge connecting global investors with the region's leading companies, targeting growth-stage opportunities across the Asia-Pacific market.

Source: firm website, verified Sep 29, 2026.

Stage
Growth–Late Stage
HQ
Hong Kong, HK
Instruments
Equity
Last 12 months
1 investment
Private fund assets
$325.3M
VC funds
1
Tracked investments
59
Unicorns
3
IPOs
2
Acquisitions
1

Team · 27 people

from the firm's website & curated

What they invest in

from 18 of 59 portfolio companies

AI & Machine Learning ×7Consumer ×5Deep Tech ×5Mobility & Transportation ×5Cleantech ×3Enterprise Software ×3Cloud Computing ×2Direct to Consumer ×2

HQs:China×7United States×4Hong Kong×2Switzerland×1Cayman Islands×1New Zealand×1

Who they back

founder profiles across 10 portfolio companies
30%
solo founders
3 of 10 mapped founding teams

Founding team size:solo founder×32 founders×13 founders×24+ founders×4

Investments · 59 tracked

founders shown can be your intro path

By year:2026 · 12021 · 23 dated

Palantir Technologies Inc.palantir.cominNASDAQ: PLTR

Palantir builds data integration and analysis platforms — Gotham for defence and government, Foundry for commercial operations — and deploys forward engineers inside customer organisations.

Palo Alto, US

Peter Thiel(Co-founder and Chairman)inStephen Cohen(Co-founder and President)Nathan Gettings(Co-founder)Joe Lonsdale(Co-founder)inAlexander C. Karp(Co-founder and CEO)

BoardColin Anderson(Executive Officer)in

Co-investors137 Ventures8VCA*AiSprouts VCAkkadian VenturesAllied Venture Partners+70 more

Vitacovitacohealth.com✓ verified

Vitaco is a supplements, sports nutrition and health food company that owns and manufactures brands including Musashi, Athena, Nutra-Life and Healtheries.

ConsumerFoodTechHealthtechWellness & FitnessAuckland, NZ

Craig Kearney(Chief Executive Officer)inAndrew Folkard(Chief Commercial Officer)inJeff Peng(Chief Financial Officer)inLucinda Warren(Chief People & Culture Officer)inRoger Scott(Chief Operating Officer)in

Co-investorsNext Capital

Addenaddenenergy.com

Adden Energy develops solid-state, dynamically-stable batteries based on self-healing separator technology discovered at Harvard, aimed at fast charging, long lifetime, and non-flammable components.

CleantechDeep TechEnergyWaltham, US

William Fitzhugh(Executive Officer, Director)inLuhan Ye(Executive Officer, Director)inXin Li(Executive Officer, Director)in

BoardBernard Lupien(Director)inFred Hu(Director)inLaurie Menoud(Director)in

Co-investorsAt One VenturesMassVenturesRhapsody Venture Partners

Ant Financialantgroup.comin

Chinese fintech group, formerly Ant Financial, that operates Alipay and related payment, lending, wealth and insurance services.

Hangzhou, CN

Co-investorsAccess Technology VenturesCoatue ManagementFJ LabsJDACWarburg PincusCarlyle Group+6 more

Breitlingbreitling.comin𝕏

Breitling is a Swiss luxury watch manufacturer that designs and produces mechanical timepieces, including collections such as Navitimer, Chronomat, and Superocean.

ConsumerDirect to ConsumerE-commerce

Co-investorsCVC Asia Pacific (Japan) Kabushiki Kaisha

Bytedancebytedance.com

ByteDance builds a portfolio of digital platforms and services focused on short-form video, content creation, e-commerce, and workplace collaboration, serving creators and consumers globally.

Creator EconomyE-commerceMedia & EntertainmentBeijing, CN

Yiming Zhang(Founder)inRubo Liang(Founder; Chairman of the Board)inZhang Yiming(Founder)

Co-investors1435 Capital3Comma Capital5Y CapitalAccess Ventures (New York)Aglae VenturesAlanda Capital Holding Limited+32 more

Focus Mediafocusmedia.com

Focus Media is a digital out-of-home advertising company operating the largest network of digital flat-panel displays in Hong Kong and Singapore, serving business executives and affluent consumers through elevator lobbies, building facades, and high-traffic commercial locations.

AdTechMedia & EntertainmentHong Kong, HK

Co-investorsBeyond VenturesDraper AssociatesHuangpu River CapitalWI Harper GroupCarlyle GroupGoldman Sachs+1 more

Hellobikehellobike.comin𝕏

Hellobike (哈啰出行) operates a bike-sharing and mobility platform in China, offering shared bicycles, e-bikes, and battery-swapping services.

ConsumerIoTMarketplacesMobility & TransportationShanghai, CN

杨磊 (Yang Lei)(Co-founder & CEO)in李开逐 (Li Kaizhu)(Co-founder, Executive President)

Co-investorsGranite AsiaXVC Venture CapitalFosun CapitalGaorong VenturesGGV Capital

iSoftStoneisoftstone.comin

iSoftStone (软通动力) is a China-listed IT and digital technology services company (stock code 301236) providing consulting, digital technology services, and industry solutions in areas such as cloud, AI and large models, industrial internet, and data services.

AI & Machine LearningCloud ComputingEnterprise Software

刘天文(董事长兼首席执行官 (Chairman & CEO))

Co-investorsAddor CapitalInfotech VenturesIPVFortune Venture Capital

Love, Bonitolovebonito.comOct 2021 · $50M

Love, Bonito is a direct-to-consumer fashion brand offering clothing across multiple categories including denim, tops, and staples for women.

ConsumerDirect to Consumer

Rachel Lim(Founder)in

Co-investorsOpenspace Ventures

Momentamomenta.ai

Momenta develops autonomous driving software for automakers, offering L2/L2+ assisted driving and L3 autonomous driving systems for mass-produced vehicles.

AI & Machine LearningDeep TechMobility & TransportationRoboticsBeijing, CN

Co-investorsBlue Lake CapitalCathay InnovationGranite AsiaNIO CapitalShunwei CapitalBlackRock+3 more

NIOnio.comin𝕏

NIO is an electric vehicle company offering smart EV models along with battery services including charging, swapping, and upgradable batteries.

CleantechHardwareMobility & Transportation

William Li(Founder)in

Co-investorsCapital Q® Ventures Inc.Hundreds CapitalLenovo Capital and Incubator Group (LCIG)Shunwei CapitalHongShan Capital Group

Prologiumprologium.comin𝕏

ProLogium develops solid-state battery technology designed for high performance, safety, and affordability to support the global energy transition to net zero emissions.

CleantechEnergyNew Materials

Co-investorsD&FG Elements

VivaRealvivareal.com.brAcquired

VivaReal runs an online real estate marketplace, incorporated in the Cayman Islands, that lists residential properties for sale and rent.

PropTechSebastopol, KY

Brian RequarthinDiego SimonThomas Floracksin

BoardEric AcherinNicolas Szekasy

Co-investors500 GlobalFirst Trust Capital PartnersFJ LabsGraph VenturesLead Edge CapitalMONASHEES+3 more

WorldStridesworldstrides.comin𝕏

WorldStrides organizes educational travel experiences for K-12 and university students, combining classroom learning with immersive international programs across 40+ countries.

ConsumerEdTechTravel & Hospitality

Phil Wendel

Co-investorsCharlesbank Capital Partners

Xbiomexbiome.com

未知君 (XBiome) develops microbiome-based therapeutics and diagnostics using AI-driven bioengineering, targeting diseases including cancer immunotherapy, inflammatory conditions, and autism through live bacterial therapeutics and fecal microbiota transplantation (FMT).

AI & Machine LearningBiotechDeep TechMedical DevicesBeijing, CN

Co-investors5Y CapitalGaorong CapitalHaystackHike CapitalSky9 CapitalLegend Capital

zooxzoox.comin𝕏

Zoox develops autonomous robotaxis designed as purpose-built vehicles for autonomous transportation.

AI & Machine LearningMobility & TransportationRoboticsMenlo Park, US

TIM KENTLEY-KLAY(Executive Officer, Director)JESSE LEVINSON(Executive Officer, Director)JON FOSTER(Executive Officer)in

BoardHEIDI ROIZEN(Director)inTHOMAS TULL(Director)LAURIE YOLER(Director)in

Co-investorsBlackbird VenturesBrave CapitalBreyer CapitalIntrepid Growth PartnersLux CapitalRaptor Group+6 more

商汤科技 (0020.HK)sensetime.com

SenseTime is an AI and computer vision company that develops technology solutions for enterprise and industry applications.

AI & Machine LearningCloud ComputingDeep TechEnterprise SoftwareHong Kong, HK

Dr. Xu Li(Co-Founder, Executive Chairman of the Board, Executive Director & Chief Executive Officer)Dr. Wang Xiaogang(Co-Founder, Executive Director, Chief Technology Officer & Executive Vice President)Dr. Lin Dahua(Co-Founder, Executive Director, Chief Scientist & Executive Vice President)Mr. Yang Fan(Co-Founder, Executive Director & President of SenseCore Business Group)

Co-investors5Y CapitalAlpha Intelligence CapitalBeyond VenturesBlackPineChina Internet Investment FundGreen Pine Capital Partners+1 more

小鹏汽车 (XPeng)xpeng.comin𝕏

XPENG develops smart electric vehicles, including AI-powered SUVs and coupes, along with related mobility technology spanning road and air travel.

AI & Machine LearningHardwareMobility & Transportation

Xiaopeng He(Founder)in

Co-investorsCoatue ManagementEast West Ventures EWVGranite AsiaShunwei CapitalWelight CapitalAlibaba Group+4 more

第四范式 (4Paradigm)4paradigm.comin

4Paradigm conducts research in AutoML and artificial intelligence technologies, partnering with universities and research institutions globally to advance AI applications across industries.

AI & Machine LearningData & InfrastructureDeep TechEnterprise Software

Wenyuan Dai(Founder & CEO)inQiang Yang(Co-founder)

Co-investorsCisco InvestmentsGreen Pine Capital PartnersTusStarHongShan Capital Group

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

PV SummaAlibabaAsia Medical GroupAvistoneCainiaoCangoChemspecChinaAMCCOSMXCPICDeepinfar Ocean TechnologyEnflameEnvision GroupHisense Broadband MultimediaI-ResearchIovate Health SciencesJianshi TechnologyJunlebaoKuaishouLufaxMininglamp TechnologyOnion MathOptoMedicPengding HoldingPostal Savings BankRuigu ShopShanda GamesShukunSyMapTaikangTrina SolarUboxXingsheng YouxuanYum ChinaZeyi Supply ChainZhaopinZhengming LogisticsZuoyebang

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 3

2 IPOs · 1 acquisitions · showing 1

Palantir Technologies Inc.NASDAQ: PLTR

Fund performance · per public LP disclosures · 2

as of Mar 2025
FundVintageCommittedNet IRRTVPIDPI
Primavera Capital Fund IIILPs: Pennsylvania Public School Employees' Retirement System2019—6.2%1.30x0.21x
Primavera Capital Fund IILPs: Pennsylvania Public School Employees' Retirement System2015—7.3%1.50x0.53x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Public market activity · per SEC filings

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SC 13D/A filingSC 13D/A

Disclosed stake · filed Nov 2020

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Disclosed stake · filed May 2020

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Disclosed stake · filed Nov 2019

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SC 13G filingSC 13G

Disclosed stake · filed Aug 2019

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SC 13G filingSC 13G

Disclosed stake · filed Jul 2019

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SC 13D/A filingSC 13D/A

Disclosed stake · filed Apr 2018

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SC 13D/A filingSC 13D/A

Disclosed stake · filed Jul 2017

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Disclosed stake · filed Jan 2017

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SC 13D filingSC 13D

Disclosed stake · filed Nov 2016

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Files 13F institutional holdings reports · latest Aug 2026

From the firm's own SEC EDGAR filings — stakes and insider roles in public companies, typically portfolio companies after an IPO. Not a portfolio list published by the firm.

Frequently asked questions

How many investments has Primavera Venture Management Limited made?
Primavera Venture Management Limited has 59 tracked investments, 3 of which have exited, including 1 dated in the last 24 months.
What stage does Primavera Venture Management Limited invest at?
Primavera Venture Management Limited invests at the Growth, Late Stage stages.
What sectors does Primavera Venture Management Limited focus on?
Primavera Venture Management Limited focuses on AI & Machine Learning, Cleantech, Climate Tech, Consumer, Fintech, Sector Agnostic.
Where is Primavera Venture Management Limited located?
Primavera Venture Management Limited is headquartered in Hong Kong, HK.
Who does Primavera Venture Management Limited co-invest with?
Primavera Venture Management Limited most often shares deals with Granite Asia, Shunwei Capital, Coatue Management, among 77 tracked co-investors.

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