About Primavera
Primavera is a private equity firm founded in 2010. It is primarily based in Beijing, China. As of Apr 2026, Primavera is an active investor with a portfolio of 58 companies, comprising 58 funding rounds and 2 acquisitions. In the last 12 months, it has participated in 3 funding rounds. The firm primarily invests in companies based in China and United States. Its portfolio is spread across a wide range of sectors from Enterprise Applications to High Tech. Its latest investment was a $***** Series A round in Tripo on Mar 06, 2026 which also saw participation from Alibaba, Hengxu Capital and other investors.
A lot of funds co-invest with Primavera, with names like Hillhouse sharing a substantial percentage of its portfolio.
Primavera has a team of 52 people, including 23 partners.
Key Metrics
Primavera's Portfolio
Primavera has a portfolio of 58 companies. They have invested in a total of 58 companies. Their most recent investment was in Tripo (Series A round) on Mar 06, 2026. Here are the most recent investments by Primavera:Date | Company | Round | Amount | Co-Investors |
|---|---|---|---|---|
Mar 06, 2026 | Series A | 6867 | ||
Feb 15, 2026 | Series A | 3301 | ||
Oct 22, 2025 | Series B | 3477 | and 4 others | |
Aug 30, 2024 | Series A | 8529 |
Primavera has acquired 2 companies. Their most recent acquisition was of Junlebao on Nov 21, 2019. Here are the most recent acquisitions by Primavera:
Acquisition Date | Company | Short Description | Total Funding | Founded Year |
|---|---|---|---|---|
Nov 21, 2019 | Brand of multi-category dairy products | $214M | 1995 | |
Nov 09, 2017 | Educational travel company | - | 1967 |
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Here is the portfolio snapshot of Primavera:
Investments by Year
The maximum number of investments were made in 2021
Acquisitions by Year
The maximum number of acquisitions were made in 2019
Portfolio by Location
Companies are primarily in China and United States
Portfolio by Sector
Companies are primarily in Enterprise Applications
Team profile of Primavera
Primavera has a team of 52 members including 23 Partners and 4 Principals located in China, Singapore and 1 more location. Primavera's team does not sit on the board of any company as of now.Here is a list of top team members in Primavera:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | China | - | - | |
Partner | Hong Kong | - | - | |
Partner | - | - | - | |
Partner | Beijing | - | - | |
Partner | Hong Kong | - | - | |
Partner | Xicheng | - | - | |
Partner | Hong Kong | - | - | |
Partner | China | - | - | |
Partner | - | - | - | |
Partner | Xicheng | - | - | |
Partner | Hong Kong | - | - |
Co-investors of Primavera
Over the past 16 years, 144 investors have co-invested in Primavera's portfolio companies.
- Top Co-investors of Primavera: 144 investors entered a company along with Primavera. These include investors like Hillhouse (4 companies).
Primavera News
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VAST Secures $50 Million Series APandaily•Mar 06, 2026•Vast, Hengxu Capital, Baidu Venture Capital, Alibaba and 1 other
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Focusing on RNA drug development, Xingrui Pharmaceuticals completed over 300 million yuan in Series B financingPEdaily•Oct 24, 2025•LAV, Starna Therapeutics, Hillhouse, LYFE Capital and 3 others
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Carlyle, EQT, HongShan among final bidders for Starbucks China, binding bids due early OctoberThe Business Times•Sep 11, 2025•HSG, EQT, The Carlyle Group, Goldman Sachs and 3 others
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Adden Energy Raises $15M to Expand Accessibility of Electric VehiclesBusiness Wire•Oct 23, 2024•Adden Energy, One Ventures, Primavera, Rhapsody Venture Partners and 2 others
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Starbucks agrees to sell majority stake in China businessThe Wall Street Journal•Aug 05, 2024•Starbucks, Primavera
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LeyLine Completes Multi-Million Dollar Series A FinancingEqualOcean•Jul 02, 2024•Leyline, Primavera, Taihill Venture
