Matrix Partners is a US-based private equity investment firm focusing on venture capital investments. The firm invests in seed and early-stage companies in the United States and India, particularly in the software, communications, semiconductors, data storage, Internet or wireless sectors.
Founded in 1977, Matrix was an active player in the development of the venture capital industry in the 1980s. The firm's direct predecessor, Hellman Ferri Investment Associates[2] (1977 to 1982), was founded by Paul J. Ferri and Warren Hellman. In 1982, Ferri and Hellman split ways and Ferri went to focus on early-stage companies, forming Matrix in Boston, Massachusetts while Hellman founded the San Francisco-based private equity firm, Hellman & Friedman which focused on later-stage firm investments.[3]
In 1985, Matrix raised its first institutionalprivate equity fund. In 2001, Matrix Partners completed fundraising for Matrix Partners VII, a $1 billion venture capital fund.[4] In 2006, Matrix raised Matrix Partners VIII fund, with $445 million of investor commitments.[5] In 2006, Matrix also raised a separate $150 million India fund.[6][7] In July 2009, Matrix raised Matrix IX fund with $600 million.[8] As of 2018, the firm has raised eleven U.S venture capital funds and five China focused funds.[9] In November 2021, The Wall Street Journal reported that Matrix Partners is a major investor in Chinese semiconductor firms, raising U.S. national security concerns.[10]
In May 2023, the firm’s Indian arm extended its then current fund from $450 million to $525 million for the South Asian market.[11]
^"A Casual Approach to Success – Alumni – Harvard Business School". www.alumni.hbs.edu. March 2003. Retrieved September 21, 2018.
^"Exclusive: Matrix Partners raises new VC fund". Fortune. Retrieved September 21, 2018.
^$1bn fund for Matrix Partners December 1, 2008, at the Wayback Machine. AltAssets, 2001
^Matrix makes plans for $445m fund.(Matrix Partners raises funds for its new fund Matrix Partners VIII). Private Equity Week, 2006
^Matrix Partners closes India fund on $150m October 16, 2006, at the Wayback Machine. AltAssets, 2006.
^Matrix Closes New India Fund. New York Times, 2006
^. www.matrixpartners.com. Archived from the original on August 9, 2009.
^"Xconomy: Matrix Partners Holds Steady with $450M Fund, as Other VCs Go Big". Xconomy. June 21, 2018. Retrieved September 21, 2018.
^O'Keeffe, Kate; Somerville, Heather; Jie, Yang (November 12, 2021). "U.S. Companies Aid China's Bid for Chip Dominance Despite Security Concerns". The Wall Street Journal. ISSN 0099-9660. Retrieved November 12, 2021.
^"Matrix Partners extends India fund target to $525 million". The Hindu Business Line. May 23, 2023. Retrieved January 3, 2024.
External linksedit
Official website
January 01, 1970
matrix, partners, confused, with, matrix, chambers, based, private, equity, investment, firm, focusing, venture, capital, investments, firm, invests, seed, early, stage, companies, united, states, india, particularly, software, communications, semiconductors, . Not to be confused with Matrix Chambers Matrix Partners is a US based private equity investment firm focusing on venture capital investments The firm invests in seed and early stage companies in the United States and India particularly in the software communications semiconductors data storage Internet or wireless sectors Matrix PartnersCompany typePrivate ownershipIndustryPrivate equityPredecessorHellman Ferri Investment Associates 1977 to 1982 Founded1977FounderPaul FerriHeadquartersPalo Alto California USAUM 4 billion 2019 1 Websitewww matrixpartners com The firm is headquartered in Palo Alto California and has offices in Cambridge Massachusetts Mumbai India and Beijing China History editFounded in 1977 Matrix was an active player in the development of the venture capital industry in the 1980s The firm s direct predecessor Hellman Ferri Investment Associates 2 1977 to 1982 was founded by Paul J Ferri and Warren Hellman In 1982 Ferri and Hellman split ways and Ferri went to focus on early stage companies forming Matrix in Boston Massachusetts while Hellman founded the San Francisco based private equity firm Hellman amp Friedman which focused on later stage firm investments 3 Among the firm s notable investments Matrix Partners was an early stage investor in Apple Inc Arrowpoint Communications Digium JBoss JustFab PSINet SanDisk Silverstream Software TheLadders com Sonus Networks Tivoli Software Tollbridge Technologies VERITAS Software Vermeer Technologies Incorporated and Xilinx In 1985 Matrix raised its first institutional private equity fund In 2001 Matrix Partners completed fundraising for Matrix Partners VII a 1 billion venture capital fund 4 In 2006 Matrix raised Matrix Partners VIII fund with 445 million of investor commitments 5 In 2006 Matrix also raised a separate 150 million India fund 6 7 In July 2009 Matrix raised Matrix IX fund with 600 million 8 As of 2018 the firm has raised eleven U S venture capital funds and five China focused funds 9 In November 2021 The Wall Street Journal reported that Matrix Partners is a major investor in Chinese semiconductor firms raising U S national security concerns 10 In May 2023 the firm s Indian arm extended its then current fund from 450 million to 525 million for the South Asian market 11 References edit About A Casual Approach to Success Alumni Harvard Business School www alumni hbs edu March 2003 Retrieved September 21 2018 Exclusive Matrix Partners raises new VC fund Fortune Retrieved September 21 2018 1bn fund for Matrix Partners Archived December 1 2008 at the Wayback Machine AltAssets 2001 Matrix makes plans for 445m fund Matrix Partners raises funds for its new fund Matrix Partners VIII Private Equity Week 2006 Matrix Partners closes India fund on 150m Archived October 16 2006 at the Wayback Machine AltAssets 2006 Matrix Closes New India Fund New York Times 2006 Matrix Partners Press Room Matrix Partners Closes New 600 Million Matrix IX Fund www matrixpartners com Archived from the original on August 9 2009 Xconomy Matrix Partners Holds Steady with 450M Fund as Other VCs Go Big Xconomy June 21 2018 Retrieved September 21 2018 O Keeffe Kate Somerville Heather Jie Yang November 12 2021 U S Companies Aid China s Bid for Chip Dominance Despite Security Concerns The Wall Street Journal ISSN 0099 9660 Retrieved November 12 2021 Matrix Partners extends India fund target to 525 million The Hindu Business Line May 23 2023 Retrieved January 3 2024 External links editOfficial website Retrieved from https en wikipedia org w index php title Matrix Partners amp oldid 1193561592, wikipedia, wiki, book, books, library,
