Matrix Partners is a U.S.-based venture capital firm founded in 1977. Managing over $4 billion in assets from offices in San Francisco and Cambridge, the firm also maintains a global footprint across the United States, India and China. A close-knit group of former founders and company builders, Matrix Partners backs early-stage ventures from the idea phase through Series A, typically committing $100,000 to more than $1 million per company. Its portfolio has generated over 65 IPOs and 110 acquisitions, including Apple, HubSpot, Canva, Oculus and Afterpay.
Matrix Partners prioritizes founders with deep technical expertise and a clear vision for the future. The team takes a hands-on approach, offering mentorship and strategic guidance alongside capital. The firm supports first-time entrepreneurs as well as teams expanding existing products. Primary investment areas include artificial intelligence, fintech, enterprise software (SaaS), digital health, semiconductors, infrastructure, B2B platforms, frontier technologies and consumer services. The firm is known for conviction in contrarian opportunities and frequently partners with leading venture capital peers to co-invest in ventures poised for scalable impact.
Although the main fund remains centered on information technology, Matrix Partners has backed advanced battery materials through Sila Nanotechnologies, which develops silicon-based anodes to boost lithium-ion energy density in consumer electronics and electric vehicles. Its Asia-focused arm, Matrix Partners China, pursues additional clean technology opportunities, with investments in firms such as Xefco (solar and renewable energy services), Hysata (hydrogen electrolyzers) and Gridcog (software for energy decarbonization). However, dedicated battery recycling startups are not part of the core portfolio.
