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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?

Cosmos

New York, New York, United States

Cosmos is a Pinterest alternative for creatives.

Artificial Intelligence (AI)ContentMobile AppsSoftware
Series AJan 20, 2026
Amount Raised: $15,000,000
Thunder Compute

San Francisco, California, United States

The cheapest GPU cloud for developers

Artificial Intelligence (AI)Cloud ComputingData CenterInformation TechnologySoftware
SeedJan 20, 2026
Amount Raised: $4,500,000
Fini AI

Amsterdam, Noord-Holland, The Netherlands

Fini | Automate 80% of enterprise support with AI agents

Agentic AIArtificial Intelligence (AI)Machine LearningSaaSTechnical Support
SeedJan 15, 2026
Amount Raised: $3,600,000
Lemon Slice

San Francisco, California, United States

Lemonslice provides translation and localization services for businesses to adapt content across multiple languages and markets.

Communications InfrastructureInformation TechnologyTranslation Service
SeedDec 23, 2025
Amount Raised: $10,500,000
Channel3

New York, New York, United States

Channel3 provides a universal, API-driven product catalog that enables developers to search, deduplicate, and monetize product data.

Artificial Intelligence (AI)DatabaseE-CommerceInternetShopping
SeedDec 10, 2025
Amount Raised: $6,000,000
Cortex AI

San Francisco, California, United States

Cortex AI is engaged in robotics engineering, which develops models that power general-purpose robots.

Artificial Intelligence (AI)ManufacturingMechanical EngineeringRobotics
SeedDec 3, 2025
Amount Raised: $6,000,000

WorkQuest is a decentralized platform for smart-contract jobs, stablecoin payments, AI matching, and verifiable on-chain reputation.

BlockchainCryptocurrencyDecentralized Finance (DeFi)Human ResourcesWeb3
SeedNov 28, 2025
Amount Raised: $1,160,000
Suno

Cambridge, Massachusetts, United States

Suno is a music-technology company that provides an AI-powered platform for generating original songs from simple text prompts.

AppsArtificial Intelligence (AI)Music
Series CNov 19, 2025
Amount Raised: $250,000,000
Luma AI

Palo Alto, California, United States

Luma AI develops tools that let users generate photorealistic images and videos from text, image, or video prompts.

Artificial Intelligence (AI)Generative AIVideoVideo Editing
Series CNov 19, 2025
Amount Raised: $900,000,000
Relace

San Francisco, California, United States

Relace AI platform generates custom made LLMs to create better models.

Artificial Intelligence (AI)Information Technology
Series AOct 8, 2025
Amount Raised: $23,000,000

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