Matrix
Description
Matrix Partners is a venerable venture capital firm with a rich history, established in 1977, making it one of the longest-standing firms in the industry. Headquartered in San Francisco with an additional office in Boston, the firm primarily focuses on seed and early-stage investments in the United States. Matrix Partners is known for its deep commitment to founders, offering not just capital but also extensive operational expertise and strategic guidance to help nascent companies navigate their initial growth phases.
The firm maintains a sector-agnostic investment approach, yet it has built a particularly strong track record in areas such as enterprise software, SaaS, fintech, and consumer technology. Their investment philosophy centers on identifying visionary founders who are building disruptive technologies and businesses with the potential for significant market impact. Matrix Partners emphasizes a hands-on partnership, leveraging its vast network and decades of experience to support portfolio companies from product-market fit through scaling.
Over its long tenure, Matrix Partners has been an early investor in numerous highly successful companies that have gone on to become industry leaders, including notable names like HubSpot, Zendesk, and Coupa. The firm continues to be an active player in the early-stage ecosystem, demonstrating its ongoing commitment to innovation. Their most recent US fund, Matrix XIV, closed in 2021 with $550 million in capital, underscoring their continued capacity to back promising startups.
Investor Profile
Matrix has backed more than 683 startups, with 15 new investments in the last 12 months alone. The firm has led 219 rounds, about 32% of its total and boasts 155 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Series B, Seed rounds (top funding stages).
- Majority of deals are located in United States, China, India.
- Strong thematic focus on Software, Enterprise Software, Information Technology.
- Led 5 rounds in the past year.
- Typical check size: $1M – $15M.
Stage Focus
- Series A (25%)
- Series B (24%)
- Seed (15%)
- Series C (13%)
- Series Unknown (9%)
- Series D (7%)
- Series E (3%)
- Series F (1%)
- Debt Financing (1%)
Country Focus
- United States (79%)
- China (7%)
- India (6%)
- Singapore (2%)
- Canada (1%)
- Australia (1%)
- United Kingdom (1%)
Industry Focus
- Software
- Enterprise Software
- Information Technology
- Saas
- Internet
- Artificial Intelligence (Ai)
- Analytics
- Mobile
- E-commerce
- Financial Services
Frequently Asked Questions
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