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PAG

Founders Chris Gradel

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 33
Average round size
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The average size of a deal this fund participated in
$124M
Portfolio companies 26
Rounds per year 1.57
Lead investments 9
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.21
Exits 7
Key employees 42

Areas of investment

  • Pharmaceutical
  • E-Commerce
  • Health Care
  • Automotive
  • Biotechnology
Summary

In 2002 was created PAG, which is appeared as VC. The venture was found in Asia in Japan. The leading representative office of defined VC is situated in the Tokyo.

The increased amount of exits for fund were in 2019. The real fund results show that this VC is 26 percentage points more often commits exit comparing to other companies. Comparing to the other companies, this PAG performs on 21 percentage points less the average number of lead investments. The fund is constantly included in less than 2 investment rounds annually. Deals in the range of more than 100 millions dollars are the general things for fund. The high activity for fund was in 2017.

Among the most popular portfolio startups of the fund, we may highlight Universal Studios Japan, Chezhibao, Dashu Finance. We can highlight the next thriving fund investment areas, such as Pharmaceutical, Trading Platform. The fund has no specific favorite in a number of founders of portfolio startups. Besides, a startup needs to be aged 6-10 years to get the investment from the fund. For fund there is no match between the country of its foundation and the country of its the most frequent investments - China.

The typical case for the fund is to invest in rounds with 2-3 participants. Despite the PAG, startups are often financed by Sequoia Capital China, Bitmain, Gobi Partners. The meaningful sponsors for the fund in investment in the same round are Sequoia Capital China, China Venture Capital, Advantech Capital. In the next rounds fund is usually obtained by Sequoia Capital, Regent Capital, Primavera Capital Group.

This organization was formed by Chris Gradel. Besides them, we counted 42 critical employees of this fund in our database.

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Related Funds

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Typical Co-investors
PAG is more likely to invest in rounds together with the following funds:
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after PAG:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Arabica

Coffee
Food and Beverage
Retail
30 Mar 2022 -

Inceptio Technology

Automotive
Freight Service
Logistics
Transportation
$270M03 Aug 2021 Shanghai, China

$100M31 Dec 2020 Futian District, Guangdong Province

Akouos

Biotechnology
Health Diagnostics
Pharmaceutical
$105M03 Mar 2020 Boston, Massachusetts, United States

Alphamab Oncology

Biotechnology
Clinical Trials
Health Care
Pharmaceutical
Therapeutics
$60M28 May 2019 Jiangsu

Carzone

Automotive
E-Commerce
$380M01 Jan 2019 Xuanwu District, Jiangsu, China

Alphamab Oncology

Biotechnology
Clinical Trials
Health Care
Pharmaceutical
Therapeutics
$100M16 Nov 2018 China, Jiangsu

Shengxinbao

Trading Platform
$30M04 Apr 2018 Chongqing, Chongqing Shi, China

Dashu Finance

Finance
Financial Services
FinTech
Internet
$118M10 Jul 2017 Futian District, Guangdong Province
News
Inceptio Technology Raises US$270M in Series B Financing

– Inceptio Technology is a Shangai, China-based autonomous driving truck technology and operating company.
– Company closed a US$270m Series B equity financing.
– The round was led by JD Logistics (02618.HK), Meituan (03690.HK), and PAG with participation from Deppon Express (603056.SH), IDG Capital, CMB International, SDIC, Mirae Asset, Eight Roads, and Broad Vision Funds, as well as existing shareholders GLP Hidden Hill Capital, CATL (300750.SZ), NIO Capital and Eastern Bell Capital.
– The company intends to use the funds to accelerate the development of its self-developed full-stack autonomous driving system “Xuanyuan”, and speed up its deployment in electrification.

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Total investments 33
Average round size 124M
Rounds per year 1.57
Peak activity year 2022
Lead investments 9
Follow on index 0.21
Exits 7
Group Appearance index 0.45

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Arabica

Coffee
Food and Beverage
Retail
30 Mar 2022 -

Inceptio Technology

Automotive
Freight Service
Logistics
Transportation
$270M03 Aug 2021 Shanghai, China

$100M31 Dec 2020 Futian District, Guangdong Province

Akouos

Biotechnology
Health Diagnostics
Pharmaceutical
$105M03 Mar 2020 Boston, Massachusetts, United States

Alphamab Oncology

Biotechnology
Clinical Trials
Health Care
Pharmaceutical
Therapeutics
$60M28 May 2019 Jiangsu

Carzone

Automotive
E-Commerce
$380M01 Jan 2019 Xuanwu District, Jiangsu, China

Alphamab Oncology

Biotechnology
Clinical Trials
Health Care
Pharmaceutical
Therapeutics
$100M16 Nov 2018 China, Jiangsu

Shengxinbao

Trading Platform
$30M04 Apr 2018 Chongqing, Chongqing Shi, China

Dashu Finance

Finance
Financial Services
FinTech
Internet
$118M10 Jul 2017 Futian District, Guangdong Province
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