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Investor profile

Hillhouse Capital

Investment firm · Founded 2005 · Active in 2026

Hillhouse Capital is an investment firm based in China, founded in 2005. The page below shows 93 Power Law outcomes from Hillhouse Capital's portfolio — 79 unicorns ($1B+ valuation) and 0 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Biotech & Life Sciences · eCommerce & Marketplaces · Transportation; top portfolio geographies are China · USA · Singapore. Hillhouse ranks #86 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

93 Power Law outcomes Power Law Ranking #86 · Global · 93 Power Law outcomes · Active 2026
Unicorns ↑ 16% 5y
79
Decacorns → 0% 5y
13
Thoroughbreds ↑ 58% 5y
45
01 · Exits

Sequoia’s biggest exits.

Sequoia portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 1999
Entered SeedNow $5.2T
IPO · 2004
Entered Series ANow $4.6T
IPO · 1980
Now $4.5T
IPO · 2014
Entered Series B+Now $306B
$214B IPO · 2021
Entered Series B+Now $20.1B
IPO · 2012
Entered Series ANow $207B
$82.0B IPO · 2019
Now $153B
IPO · 2012
Entered Series B+Now $103B
$95.0B IPO · 2020
Entered SeedNow $69.1B
$93.9B IPO · 2020
Entered Series B+Now $58.4B
$24.0B IPO · 2018
Entered Series B+Now $73.3B
$39.0B IPO · 2020
Entered Series ANow $67.6B
$32.0B IPO · 2021
Entered Series B+Now $67.5B
$41.5B IPO · 2021
Entered SeedNow $64.4B
$60.0B IPO · 2021
Entered Series B+Now $28.0B
$55.5B IPO · 2026
Entered Series B+Now $55.5B
$52.8B IPO · 2018
Entered Series ANow $49.6B
IPO · 2013
Now $45.0B
IPO · 2015
Entered Series B+Now $39.4B
IPO · 2002
Entered SeedNow $39.1B
$32.0B acquisition · 2025
Entered Seed
$12.0B IPO · 2021
Entered Series B+Now $29.5B
IPO · 2014
Entered Series B+Now $28.6B
IPO · 2015
Entered Series ANow $28.2B
03 · Portfolio analysis

The 93 Hillhouse Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. China60
  2. USA18
  3. Singapore4
  4. India3
  5. Hong Kong2
  6. South Korea2
  7. Germany2
  8. Spain1
  9. Indonesia1
By sectorCount
  1. Biotech & Life Sciences24
  2. eCommerce & Marketplaces12
  3. Transportation11
  4. Other8
  5. Fintech7
  6. Robotics6
  7. Food5
  8. AI5
  9. Edtech3
  10. Health Tech & Medtech3
  11. Other B2B Software3
  12. Marketing3
By stage enteredCount
  1. Series B+64
  2. Series A13
  3. Seed5
Estimated holdings

Hillhouse’s biggest current holdings.

An estimate of Hillhouse’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 21 companies where Hillhouse is a named shareholder, worth about $6.7B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 YuanfudaoEducation · Decacorn 9% $15.5B $1.4B
  2. 2 RedNoteMedia · Decacorn 4% $31.0B $1.2B
  3. 3 LaLaMoveTransportation · Decacorn 9.7% $10.0B $970M
  4. 4 MeicaiFood · Unicorn 8% $7.0B $560M
  5. 5 HeyTeaFood · Unicorn 4.5% $9.3B $417M
  6. 6 LianjiaReal Estate · Unicorn 5.3% $6.0B $318M
  7. 7 3.5% $8.0B $280M
  8. 8 4% $6.8B $272M
  9. 9 10.8% $1.2B $130M
  10. 10 8.5% $1.5B $129M
  11. 11 8% $1.6B $128M
  12. 12 5.3% $2.4B $127M

Showing the 12 largest of 21 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = Hillhouse’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Hillhouse also appears inside investor groups in ByteDance, CertiK, Facily, Galaxy Space, Moka, Silicon Box, Traveloka, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

Hillhouse’s biggest exits.

Hillhouse portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

$9.3B IPO · 2018
Entered Series B+Now $228B
$95.0B IPO · 2020
Entered Series B+Now $69.1B
$52.8B IPO · 2018
Entered Series B+Now $49.6B
$4.9B IPO · 2017
Entered Series B+Now $46.5B
IPO · 2016
Entered Series ANow $31.3B
IPO · 2014
Entered Series B+Now $28.6B
$27.1B IPO · 2026
Entered Series B+Now $27.1B
$24.0B IPO · 2021
Entered Series B+Now $6.0B
$2.1B IPO · 2020
Entered Series B+Now $15.1B
$2.0B IPO · 2018
Entered Series B+Now $14.8B
$8.4B IPO · 2020
Entered Series B+Now $13.0B
$6.4B IPO · 2018
Entered Series B+Now $12.9B
$250M IPO · 2016
Now $12.1B
$12.0B IPO · 2024
Entered Series B+Now $8.4B
$8.0B acquisition · 2020
Entered Series B+Now $8.0B
$6.6B IPO · 2026
Entered Series B+Now $6.6B
$5.9B IPO · 2020
Now $5.0B
$691M IPO · 2017
Entered Series B+Now $5.3B
$4.0B acquisition · 2019
Entered Series B+
METIS TechBio
$3.5B IPO · 2026
Now $3.5B
IPO · 2019
Now $3.4B
$942M IPO · 2019
Entered Series ANow $3.0B
$3.0B acquisition · 2016
Entered Series B+
IPO · 2015
Now $2.9B

+12 more $1B+ exits on the full Dealroom profile.

04 · Portfolio market map

Hillhouse's 93 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
93 of 93 Power Law outcomes
05 · Power Law comparison

How does Hillhouse stack up?

Hillhouse in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns
Performance window All-time → 2026

Stage focus

Companies by selected outcome stage

Sector focus

Companies per investor across the 10 highest-volume sectors

Beyond Unicorns — how the portfolio compounds

% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.
Sort by
Entry stage
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Sequoia's portfolio founders come from — and where they studied.

97 founders across the 93 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Tsinghua University and Microsoft are the deepest single pipelines.

LocationCount
China52
United States13
Hong Kong6
Israel6
Indonesia6
Germany2
India2
Iran1
View on app →
UniversityCount
Tsinghua University8
Stanford University6
Tel Aviv University3
Harvard Business School3
Shanghai Jiaotong University2
Nanjing University2
ETH Zurich2
University of Essex2
Harvard University2
Rhode Island School of Design2
+33 more →
Origin companyCount
Microsoft5
Baidu4
Dianping3
Alphabet | Google2
NetEase2
DJI Innovations2
Magic Leap1
Assertio1
Nvidia1
Hyperion Therapeutics1
+31 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.
07 · Key people

Key people at Hillhouse.

Sources: Dealroom desktop research, official firm profiles and public investor lists.

Market sentiment

What the market is saying about Hillhouse Capital

An AI-synthesized read of the highest-engagement posts about Hillhouse on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Hillhouse Capital

Recent press, funding announcements, and portfolio moves mentioning Hillhouse — pulled live from Dealroom's news feed.

See all news

Want the full picture on Hillhouse Capital?

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