Primavera Venture Management Limited
Growth equityHong 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.
Team · 27 people
from the firm's website & curatedWhat they invest in
from 18 of 59 portfolio companiesAI & 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 companiesFounding team size:solo founder×32 founders×13 founders×24+ founders×4
Investments · 59 tracked
founders shown can be your intro pathBy year:2026 · 12021 · 23 dated
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
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
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
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
HKSE-listed leader in AI-powered HCM solutions
Co-investorsGaocheng CapitalSoftBank Vision FundGenesis Venture CapitalGoldman SachsHongShan Capital GroupMatrix Partners China+3 more
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
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 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
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
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, 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
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
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
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
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
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
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
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
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
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
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 1Palantir Technologies Inc.NASDAQ: PLTR
Fund performance · per public LP disclosures · 2
as of Mar 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Primavera Capital Fund IIILPs: Pennsylvania Public School Employees' Retirement System | 2019 | — | 6.2% | 1.30x | 0.21x |
| Primavera Capital Fund IILPs: Pennsylvania Public School Employees' Retirement System | 2015 | — | 7.3% | 1.50x | 0.53x |
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
what is this? ⓘDisclosed stake · filed Nov 2020
Disclosed stake · filed May 2020
Disclosed stake · filed Nov 2019
Disclosed stake · filed Aug 2019
Disclosed stake · filed Jul 2019
Disclosed stake · filed Apr 2018
Disclosed stake · filed Jul 2017
Disclosed stake · filed Jan 2017
Disclosed stake · filed Nov 2016
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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