About Matrix Partners China
Matrix Partners China is a venture capital firm founded in 1977. It is primarily based out of Chaoyang, China. As of Oct 2026, Matrix Partners China is an active investor, having invested in 496 companies, with 28 new investments in the last 12 months. It primarily invests in Series A round in China based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it participated in the $***** Seed round of DiffuSpace AI Overall, Matrix Partners China portfolio has seen 12 unicorns, 28 IPOs and 18 acquisitions including key companies like Klook, 36Kr and Xiaopeng. A lot of funds co-invest with Matrix Partners China, with names like IDG Capital sharing a substantial percentage of its portfolio. Matrix Partners China has team of 40 people including 20 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 7 more
Portfolio IPOs
Deals in last 12 months
Matrix Partners China's List of Top Investments
Matrix Partners China has a portfolio of 496 companies, including 12 unicorns. Their most notable investments are in Nanjing Lanjingren Networks and CHJ Automotive.Their portfolio spans across China, United States, Singapore and 7 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 38 other sectors, across stages such as Series A, Seed and 7 more. Here is the list of top investments by Matrix Partners China:
1. Klook
Online retailer of tours, activities, accommodations, and transport options. It provides options for various travel experiences, including cultural activities, water sports, and outdoor adventures. The platform offers tickets for attractions and events. Additionally, it facilitates booking hotels and arranging transportation like airport transfers and car rentals.
Key facts about Klook
- Founded Year: 2014
- Location: Hong Kong (China)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $1.03B
- Employee Count: 2,054 as on Sep 30, 2026
- Investors: Goldman Sachs Investment Partners, Vitruvian Partners and 26 Others
- Latest Funding Round: Series F, Feb 11, 2025, $*****
- Highlight: Editors' Pick
2. 36Kr
Online platform offering science and technology related content. The platform offers news on technology, internet, entrepreneurship, startups, and more. It also offers videos, activities, live broadcast, corporate services, government services, investor services, and more.
Key facts about 36Kr
- Founded Year: 2010
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $144M
- Employee Count: 677 as on Sep 30, 2026
- Investors: Haolan Capital, Lagfe and 20 Others
- Latest Funding Round: Series F, Jan 11, 2018, $*****
- Highlight: Public
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3. Oda Class
Online tutoring platform for k-12 students. It is a digital learning platform offering courses, learning materials,interactive quizzes and AI powered student report for k-12 students.
Key facts about Oda Class
- Founded Year: 2017
- Location: Bengaluru (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $12.8M
- Employee Count: 468 as on Sep 30, 2026
- Investors: Matrix Partners China, Yuanfudao and 2 Others
- Latest Funding Round: Series B, Aug 29, 2024, $*****
- Highlight: Editors' Pick
4. Xiaopeng
Manufacturer of electric vehicles, AI technology, AI automotive, and AI robots. The company focuses on developing and producing electric vehicles with integrated AI technologies. It offers various models, including sedans and SUVs, with features such as charging services and after-sales support. The company also explores AI applications in automotive and robotics.
Key facts about Xiaopeng
- Founded Year: 2014
- Location: Guangzhou (China)
- Stage: Public
- Total Funding till date: $2.65B
- Employee Count: 2,258 as on Mar 31, 2026
- Investors: Kaccelerator, awesome capital Group and 41 Others
- Latest Funding Round: Post IPO, Mar 15, 2021, $*****
- Highlight: Public
5. AscendEX
Online trading and exchange platform for cryptocurrencies. It provides solutions such as cash and margin trading, futures and copy trading, staking and yield farming of digital assets, and more. It also enables users to purchase cryptocurrencies by making fiat payments. The application is available on Android and iOS platforms.
Key facts about AscendEX
Matrix Partners China's Year-on-Year Investment Trends
Matrix Partners China has invested in 496 companies over the last 18 years, with an average of 27 new investments annually in the last 10 years. In 2025, it made 9 investments, while as of Oct 2026, it has made 27 investments in this year. Its most recent first time investment was in DiffuSpace AI and most recent follow-on round was in SonicBCI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 24 | 3 | 27 |
2025 | 7 | 2 | 9 |
2024 | 7 | 2 | 9 |
2023 | 5 | 5 | 10 |
2022 | 24 | 12 | 36 |
2021 | 71 | 22 | 93 |
2020 | 32 | 14 | 46 |
2019 | 23 | 15 | 38 |
2018 | 34 | 32 | 66 |
2017 | 42 | 21 | 63 |
Matrix Partners China's Investments by Stage
Matrix Partners China has made 190 investments in Series A stage with an average round size of $18M, 111 investments in Seed stage with an average round size of $11.2M and 92 investments in Series B stage with an average round size of $52.6M.Stage of entry | No. of Investments |
|---|---|
Series A | 190 |
Seed | 111 |
Series B | 92 |
Angel | 37 |
Series C | 19 |
Others | 13 |
Note: We have considered here, only first round of investments
Matrix Partners China's Investments by Sector
Matrix Partners China has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, High Tech, Retail and Life Sciences. Notably, it has invested in 384 Tech companies, 239 Enterprise (B2B) companies, 197 Consumer (B2C) companies and at least 173 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 123 |
Enterprise Applications | 104 |
High Tech | 78 |
Retail | 57 |
Life Sciences | 42 |
Others | 512 |
Note: We have considered here, only first round of investments
Matrix Partners China's Investments by Geography
Matrix Partners China has made most investments in China (404), followed by United States where it has made 31 investments.Country | No. of Investments |
|---|---|
China | 404 |
United States | 31 |
Singapore | 4 |
India | 2 |
Canada | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Matrix Partners China's recent investments
Matrix Partners China has made 27 investments in 2026 so far. DiffuSpace AI and SonicBCI are the latest among them.Here are the most recent investments by Matrix Partners China:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 09, 2026 | - | Seed | 5325 | [+4] | |
Sep 22, 2026 | China | Seed | 2264 | [+6] | |
Sep 18, 2026 | China | Series E | 2047 | [+2] | |
Sep 15, 2026 | - | Series A | 8843 | ||
Sep 01, 2026 | China | Series B | 8783 | [+21] |
Unicorns in Matrix Partners China's Portfolio
Matrix Partners China has 12 unicorns in its portfolio - Naive AI, Meshy, Lightwheel and others. The most recent unicorn in their portfolio is Naive AI. It became a unicorn in 2026.Here is a list of unicorns in Matrix Partners China's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
40 | AI startup developing advanced AI agents through post-training of open-source models | 2017 | - | Haidian | Series E | ctceklf | |
60 | Developer of software tools generating three dimensional models from inputs | 2021 | Sunnyvale | Series B | tluiieh | ||
47 | Provider of SimReady assets, synthetic data, and evaluation platforms | - | - | Series B | ujicquq | ||
60 | Provider of robotic solutions for industrial laboratory automation | 2016 | Beijing | Series C | mjgfiqc | ||
66 | Cloud-based platform offering distributed NewSQL databases | 2015 | Sunnyvale | Series D | jscrpbk |
IPOs and Publicly Listed companies in Matrix Partners China's Portfolio
28 of Matrix Partners China's portfolio companies have become public. Unitree got listed on the Shanghai Stock Exchange (SSE), in Aug 2026 and Nathan Automotive Electronics got listed on the Hong Kong Exchanges (HKG) at marketcap of $791M.Here are Matrix Partners China's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 19, 2026 | Feb 22, 2024 | Series B | 4299 | |
Aug 07, 2026 | Jan 31, 2019 | Series B | 8655 | |
Jun 17, 2026 | May 08, 2019 | Seed | 5138 | |
Apr 17, 2026 | Jan 2014 | Series A | 6544 | |
Feb 06, 2026 | Aug 28, 2017 | Series C | 1596 |
Acquired companies in Matrix Partners China's Portfolio
18 companies from Matrix Partners China's portfolio have been acquired. The most recent acquisition was Vogo in Mar 2022 by Chalo for $*****.Here are Matrix Partners China's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 28, 2022 | Aug 30, 2019 | Series C | 9225 | |
Jan 28, 2021 | May 2014 | Angel | 2517 | |
Jan 18, 2021 | 2013 | Series A | 3386 | |
Jul 30, 2020 | Mar 05, 2017 | Series A | 7824 | |
Apr 21, 2020 | May 2014 | Angel | 7351 |
Team profile of Matrix Partners China
Matrix Partners China has a team of 40 members including 20 Partners and 11 Principals located in China and United States. Matrix Partners China's team does not sit on the board of any company as of now.Here is a list of top team members in Matrix Partners China:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Beijing | - | ||
Partner | Shanghai | - | ||
Partner | Beijing | - | ||
Partner | Beijing | - | ||
Partner | Chaoyang | - | ||
Partner | Chaoyang | - | ||
Partner | Chaoyang | - | ||
Partner | Huangpu | - | ||
Partner | Atherton | - | ||
Partner | Shanghai | - | - | |
Partner | Huangpu | - |
Co-investors of Matrix Partners China
Over the past 18 years, 1434 investors have co-invested in Matrix Partners China's portfolio companies. This includes funds and angels.
- Invested before Matrix Partners China: Zhen Fund, Matrix and 322 others have invested in rounds before Matrix Partners China. There are 10 companies where Zhen Fund has invested before Matrix Partners China and 9 companies where Matrix has invested before Matrix Partners China.
- Top Co-investors of Matrix Partners China: 477 investors entered a company along with Matrix Partners China. These include investors like IDG Capital (13 companies).
- Invested after Matrix Partners China: A total of 633 investors have invested in Matrix Partners China's portfolio after their investments. Top Investors include Tencent (19 companies), CICC (11 companies) and Matrix (10 companies).
Recent News related to Matrix Partners China
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AI Hardware Companies Focus on Addition, Yuexingtong Secures Nearly 50 Million RMB Funding with 'Subtraction Screen'Baijing•Aug 14, 2026•Shunwei Capital, Boyu Capital, Matrix Partners China
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Aureka Biotechnologies Raises US$100 Million Series B to Build a Biological World Model for Drug DiscoveryPR Newswire•Aug 11, 2026•Aureka Biotechnologies, Granite Asia, NRL Capital, Matrix Partners China and 3 others
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Aether AI Raises $20 Million Seed Funding for Causal World Model TechnologyThe SaaS News•Jun 19, 2026•Inno Angel Fund, SWC, Matrix Partners China, Unity Ventures
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BCI-SONICS Completes RMB 100 Million Angel Series Financing to Advance AI-Powered Ultrasound BCI PlatformG-MedTech•Jun 12, 2026•Matrix Partners China
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Yige Technology completes hundreds of millions of yuan in Series A financing to accelerate the localization of high-end FPGA chipsTMTpost•Mar 24, 2026•Suzhou Yige Technology, Matrix Partners China, HongShan
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D3 Bio Secures $108 Million in Series B Financing to Advance Global Clinical ProgramsPR Newswire•Dec 10, 2025•Temasek, IDG Capital, D3 Bio, HSG and 5 others
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Gen Z Founder Launches RoboParty, Secures Seven-Figure FundingPandaily•Nov 13, 2025•Galaxy, Matrix Partners China, RoboParty, Xiaomi and 1 other
