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Matrix

North America, California, United States, San Francisco

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
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Matrix frequently co-invest with?

Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 23
CRV
North America, California, United States, Palo Alto
Co-Investments: 24
Spark Capital
North America, California, United States, San Francisco
Co-Investments: 18
Commonwealth Capital Ventures
North America, Massachusetts, United States, Woburn
Co-Investments: 20
Google Ventures
North America, California, United States, Mountain View
Co-Investments: 19
North Bridge Venture Partners & Growth Equity
North America, Massachusetts, United States, Wellesley
Co-Investments: 74
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 19
Trinity Ventures
North America, California, United States, Menlo Park
Co-Investments: 31
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 18
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 21

Which angels does Matrix often collaborate with?

OK
North America, California, United States, Menlo Park
Shared Deals: 3
JM
North America, California, United States, San Francisco
Shared Deals: 2
KM
North America, California, United States, San Francisco
Shared Deals: 4
UA
North America, California, United States, San Francisco
Shared Deals: 3
AP
North America, Massachusetts, United States, Lincoln
Shared Deals: 3
NR
North America, California, United States, San Francisco
Shared Deals: 7
JA
North America, California, United States, San Francisco
Shared Deals: 3
JM
North America, New York, United States, New York
Shared Deals: 3
EG
North America, California, United States, San Francisco
Shared Deals: 3
IA
North America, California, United States, San Francisco
Shared Deals: 4

What are some of recent deals done by Matrix?

Salient

Cambridge, Massachusetts, United States

Salient combines novel ocean and land-surface data with AI and climate expertise to deliver the world’s most accurate S2S weather forecasts.

Software
Series AJul 29, 2025
Amount Raised: $60,000,000
Salient

San Francisco, California, United States

Salient is an AI-driven loan servicing platform built specifically for consumer finance and auto lending industries.

Artificial Intelligence (AI)AutomotiveFinanceFinancial ServicesInformation TechnologyInternet
Series AJul 28, 2025
Amount Raised: $60,000,000
Donut

New York, New York, United States

Donut is the first crypto agentic browser that uses the finest crypto in-domain model and a swarm of browsing agents.

Pre SeedMay 29, 2025
Amount Raised: $7,000,000
CloudZero

Boston, Massachusetts, United States

CloudZero is a cloud cost optimization platform that enables organizations to analyze and manage their cloud expenditures.

Cloud ComputingCloud ManagementDeveloper ToolsDevOpsMachine LearningSaaSSoftware
Series CMay 28, 2025
Amount Raised: $56,000,000
General Medicine

Salt Lake City, Utah, United States

General Medicine is a newly launched, nationwide healthcare platform.

Health CareMedicalmHealth
Series AMay 22, 2025
Amount Raised: $32,000,000
New Generation

San Francisco, California, United States

New Generation delivers AI-native commerce experiences across chat, agents, and generative interfaces.

Artificial Intelligence (AI)Software
SeedMay 20, 2025
Amount Raised: $4,500,000

Optura operates as an AI Healthcare platform.

Artificial Intelligence (AI)Health Care
SeedMay 20, 2025
Amount Raised: $6,500,000
Anumana

Cambridge, Massachusetts, United States

Anumana develops AI-driven ECG algorithms for early cardiovascular diagnosis and care.

Artificial Intelligence (AI)Health CareHealth DiagnosticsMedical Device
Series CApr 24, 2025
Riza

San Francisco, California, United States

AI writes code. Riza runs it.

SeedApr 16, 2025
Amount Raised: $2,700,000
Meadow

New York, New York, United States

Meadow is a student payment and engagement platform that improves the higher education financial experience for students.

BillingFinTechHigher EducationPayments
Series AApr 16, 2025
Amount Raised: $14,000,000