# Primavera Capital Group

> Primavera Capital Group is a VC fund backing Artificial Intelligence. See 87 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 87
- Last investment: Jul 2026
- Lead investor: 52%
- Fund size: $547M
- Last fund: Jun 2021
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/primavera-capitall/
- Website: https://www.primavera-capital.com/

Primavera Capital Group is a China-based global investment firm. With offices located in Beijing and Hong Kong, Primavera manages both RMB and USD funds for leading institutions, corporations, and families in China and around the world.Primavera Capital Group was founded by Dr. Fred Hu, a renowned economist and successful investor, and aformer partner and Chairman of Greater China at Goldman Sachs Group.The firm currently has 30+ investment professionals with an outstanding track record. The team combines global capital market experience, deep industry knowledge, and a unique network of relationships with policy-makers and regulators as well as leading CEOs and entrepreneurs in the region and globally.Primavera Capital Group puts great emphasis on rigorous fundamental research. The firm undertakes sophisticated analysis on economies, industries and companies to generate investment ideas, identify attractive opportunities, and guide its investment decisions.Primavera Capital Group employs a flexible investment strategy of growth capital, buy-out and control, and special situations - restructuring, distressed, and turn-arounds, etc.

## Contacts

5 contacts available for Primavera Capital Group. Shizune tracks 6 team members at Primavera Capital Group. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/primavera-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.5M–$15M |
| Series A | $12M–$200M |
| Series D | $43M–$3B |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Artificial Intelligence | 11 | 13% |
| Software | 9 | 10% |
| Health Care | 9 | 10% |
| Biotechnology | 9 | 10% |
| Information Technology | 8 | 9% |

124 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 15 | 17% |
| Seed | 10 | 11% |
| Series D | 10 | 11% |
| Series B | 9 | 10% |
| Series C | 8 | 9% |

15 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 50 | 57% |
| United States | 8 | 9% |
| Hong Kong | 3 | 3% |
| Singapore | 2 | 2% |
| Portugal | 1 | 1% |

7 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| David Lin | Managing Director | 0 | https://shizune.co/investors/profile/david-lin-4 |
| Fred Hu | Founder, Chairman & CEO | 0 | https://shizune.co/investors/profile/fred-hu |
| Johnny Zou | Executive Director | 2 | https://shizune.co/investors/profile/johnny-zou |
| Dapeng Zhu | Managing Director | 1 | https://shizune.co/investors/profile/dapeng-zhu-4735 |
| William Wang | Founding Partner | 0 | https://shizune.co/investors/profile/william-wang-98d4 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Kling AI | Kling AI is an AI-powered creative studio for creating imaginative images and videos, based on state-of-the-art generative AI methods. | $2.8B | Venture - Series Unknown | Jul 01, 2026 |  |
| VAST | VAST is an artificial intelligence business that develops and manufactures general-purpose 3D big models. Its goal is to develop a popular 3D content production tool, a 3D user-generated content platform, and utilize 3D space to enhance user experience. | $200M | Series A | Jun 01, 2026 |  |
| Starna Therapeutics | Starna Therapeutics offers development of innovative drugs with RNA as the core, and has an industry-leading RNA and organ-selective delivery technology platform with independent intellectual property rights; the company has established a rich R&D pipeline , covering infectious disease vaccines, tumor immunity and other fields. | $40M | Series B | May 12, 2026 |  |
| Gongji Technology | Gongji Technology is an idle computing power sharing platform that combines distributed computing power with leading scheduling techniques to address elastic computing power requirements. | $14.7M | Seed | May 08, 2026 |  |
| Xingyun | Xingyun is a semiconductor company focused on building software-friendly, high-memory-specification large-scale model inference chips, driving large-scale models to higher quality and lower cost, and addressing computational power costs. | $58.6M | Series A | Apr 17, 2026 |  |
| Yuansheng Intelligent Robotics | Yuansheng Intelligent Robotics is a field of intelligent robotics technology and is committed to developing core products | $14.7M | Venture - Series Unknown | Apr 15, 2026 |  |
| ProLens Interactive Technology | ProLens Interactive Technology is building a high-efficiency conversion link from low-cost computing power investment to the accumulation of high-premium compliant digital assets, redefining the next generation of interactive entertainment experience. |  | Angel | Mar 24, 2026 |  |
| VAST | VAST is an artificial intelligence business that develops and manufactures general-purpose 3D big models. Its goal is to develop a popular 3D content production tool, a 3D user-generated content platform, and utilize 3D space to enhance user experience. | $50M | Series A | Mar 05, 2026 |  |
| Inspire-Robots | Inspire-Robots provides robot core components as well as intelligent operation solutions. They specialize in the research and development, production, and sales of micro linear actuators and EOAT, which include robotics, biomedical automation, industrial automation, education, scientific research, and other fields. |  | Series C | Feb 25, 2026 |  |
| YMC Semiconductor | YUMEI Semiconductor is a semiconductor equipment company that specializes in semiconductor services. Its primary activities include research and development, production, and sales of specific equipment for semiconductor devices. | $101.3M | Series A | Feb 14, 2026 |  |

10 of 87 investments shown.

## Co-investors
- [HSG](https://shizune.co/investors/profile/hsg-cap) — VC Fund, 7 deals together
- [5Y Capital](https://shizune.co/investors/profile/morningsidevc) — VC Fund, 7 deals together
- [Tencent](https://shizune.co/investors/profile/tencent) — VC Fund, 7 deals together
- [HSG](https://shizune.co/investors/profile/sequoia-capital-china) — VC Fund, 6 deals together
- [Ant Group](https://shizune.co/investors/profile/ant-group) — VC Fund, 5 deals together
- [Goldman Sachs](https://shizune.co/investors/profile/goldman-sachs) — VC Fund, 5 deals together

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## FAQ

### What does Primavera Capital Group invest in?

Primavera Capital Group invests primarily in Artificial Intelligence, Software and Health Care startups, most often at Series A and Seed stage. Most of the 87 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Primavera Capital Group's check size?

Primavera Capital Group typically joins rounds of $1.5M–$15M at Seed, $12M–$200M at Series A and $43M–$3B at Series D. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Primavera Capital Group participates in.

### How do I contact Primavera Capital Group?

Public channels for Primavera Capital Group include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Primavera Capital Group?

The team at Primavera Capital Group includes David Lin (Managing Director), Fred Hu (Founder, Chairman & CEO) and Johnny Zou (Executive Director), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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