Predict your next investment

Venture Capital
matrixpartners.com

See what CB Insights has to offer

Investments

850

Portfolio Exits

171

Funds

24

Partners & Customers

2

Service Providers

2

About Matrix Partners

Matrix Partners, founded in 1977, is primarily interested in early-stage technology companies in the US, China and India. Specifically, Matrix Partners invests in enterprise software and services, networking and communication, hardware & systems, internet and consumer services, semiconductors and components, clean tech and energy and mobile and wireless.

Matrix Partners Headquarter Location

101 Main Street 17th Floor

Cambridge, Massachusetts, 02142,

United States

617-866-4999

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Matrix Partners

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Matrix Partners in 1 Expert Collection, including Insurtech.

I

Insurtech

35 items

Research containing Matrix Partners

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Matrix Partners in 3 CB Insights research briefs, most recently on Apr 13, 2022.

Latest Matrix Partners News

Ex-Meta Exec David Marcus Launches Crypto Payments Startup

May 13, 2022

Former Meta executive David Marcus — head of Facebook’s stablecoin Diem efforts — is launching a new cryptocurrency payments startup on the Lightning Network called Lightspark . The initial capital raise was co-led by a16z and Paradigm with participation from Thrive Capital, Coatue, Felix Capital, Ribbit Capital, Matrix Partners, Zeev Ventures and others, according to a LinkedIn post . Sources told Bloomberg the total funding raised was roughly $175 million. At Meta, the parent company of Facebook, Marcus headed a team building a new stablecoin first called Libra, then Diem, along with a crypto wallet, Novi. He started with the company in 2014, heading up Messenger. “We at a16z started investing in bitcoin in 2013, several years before we had a dedicated crypto fund. We have always been big believers in bitcoin, its unique history and its foundational role in crypto,” Sriram Krishnan and Chris Dixon, partners at Andreessen Horowitz, said in a statement . “It’s hard to overstate the growth and impact bitcoin has had since Satoshi published his paper in October 2008. It is now legal tender in two countries. It finds mentions in songs, TV shows and movies. Millions of people hold bitcoin as their first entry into the crypto ecosystem,” reads the statement. Headquartered in Los Angeles, Lightspark is developing infrastructure for the blockchain protocol Lightning Network , with the goal of boosting the speed and efficiency of the cryptocurrency protocol. Lightspark is targeting the technology and isn’t planning to develop its own stablecoin or token. “Matrix’s relationship with David goes back to 2010 when he was a young entrepreneur relocating from Switzerland to Palo Alto to build Zong, a telecom carrier-based billing network for digital goods. I had recently joined Matrix from PayPal and was immediately impressed with David’s vision and entrepreneurial grit. Matrix led the Series A and I joined the Board of Directors at Zong, which PayPal eventually acquired,” Dana Stalder, Matrix partner, said in a blog post . ——————————

Matrix Partners Investments

850 Investments

Matrix Partners has made 850 investments. Their latest investment was in Lightspark as part of their Series A on May 5, 2022.

CBI Logo

Matrix Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/12/2022

Series A

Lightspark

$175M

Yes

5

5/9/2022

Series B

Mashgin

$62.5M

Yes

4

5/2/2022

Series A

Concerto

$21.2M

Yes

2

4/25/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

4/14/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

5/12/2022

5/9/2022

5/2/2022

4/25/2022

4/14/2022

Round

Series A

Series B

Series A

Seed VC

Seed VC

Company

Lightspark

Mashgin

Concerto

Subscribe to see more

Subscribe to see more

Amount

$175M

$62.5M

$21.2M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

5

4

2

10

10

Matrix Partners Portfolio Exits

171 Portfolio Exits

Matrix Partners has 171 portfolio exits. Their latest portfolio exit was Taulia on January 27, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/27/2022

Corporate Majority

3

1/18/2022

Acquired

2

12/14/2021

Acquired

1

8/16/2021

Acquired

Subscribe to see more

Subscribe to see more

10

7/15/2021

Reverse Merger

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/27/2022

1/18/2022

12/14/2021

8/16/2021

7/15/2021

Exit

Corporate Majority

Acquired

Acquired

Acquired

Reverse Merger

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

3

2

1

10

10

Matrix Partners Acquisitions

2 Acquisitions

Matrix Partners acquired 2 companies. Their latest acquisition was Ministry of Cake on January 01, 2005.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/1/2005

$99M

Acq - Fin

5/1/1995

Debt

Subscribe to see more

$99M

$99M

Subscribe to see more

10

Date

1/1/2005

5/1/1995

Investment Stage

Debt

Companies

Subscribe to see more

Valuation

$99M

$99M

Total Funding

$99M

Note

Acq - Fin

Subscribe to see more

Sources

10

Matrix Partners Fund History

24 Fund Histories

Matrix Partners has 24 funds, including Matrix Partners India III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/17/2018

Matrix Partners India III

Early-Stage Venture Capital

Closed

$321M

1

12/3/2018

Weston & Co. XI

$28.88M

1

6/20/2018

Matrix Partners XI

Early-Stage Venture Capital

Closed

$450M

2

6/20/2018

Matrix Partners China V LP

Subscribe to see more

Subscribe to see more

$99M

10

4/21/2016

Matrix Partners India II

Subscribe to see more

Subscribe to see more

$99M

10

Closing Date

12/17/2018

12/3/2018

6/20/2018

6/20/2018

4/21/2016

Fund

Matrix Partners India III

Weston & Co. XI

Matrix Partners XI

Matrix Partners China V LP

Matrix Partners India II

Fund Type

Early-Stage Venture Capital

Early-Stage Venture Capital

Subscribe to see more

Subscribe to see more

Status

Closed

Closed

Subscribe to see more

Subscribe to see more

Amount

$321M

$28.88M

$450M

$99M

$99M

Sources

1

1

2

10

10

Matrix Partners Partners & Customers

2 Partners and customers

Matrix Partners has 2 strategic partners and customers. Matrix Partners recently partnered with Charlee Bear Products on May 5, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

5/20/2021

Partner

United States

1

9/24/2020

Partner

United States

Subscribe to see more

Subscribe to see more

10

Date

5/20/2021

9/24/2020

Type

Partner

Partner

Business Partner

Country

United States

United States

News Snippet

Subscribe to see more

Subscribe to see more

Sources

1

10

Matrix Partners Service Providers

2 Service Providers

Matrix Partners has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Subscribe to see more

Subscribe to see more

Service Provider

Subscribe to see more

Associated Rounds

Provider Type

Counsel

Subscribe to see more

Service Type

General Counsel

Partnership data by VentureSource

Matrix Partners Team

32 Team Members

Matrix Partners has 32 team members, including current Managing Partner, Bo Y Shao.

Name

Work History

Title

Status

Paul Ferri

Founder

Current

Bo Y Shao

Managing Partner

Current

David Su

Managing Partner

Current

Ying Zhang

Managing Partner

Current

Tarun Davda

Managing Director

Current

Name

Paul Ferri

Bo Y Shao

David Su

Ying Zhang

Tarun Davda

Work History

Title

Founder

Managing Partner

Managing Partner

Managing Partner

Managing Director

Status

Current

Current

Current

Current

Current

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.