About Matrix
Matrix is a venture capital firm founded in 1977. It is primarily based out of San Francisco, United States. As of Oct 2026, Matrix is an active investor, having invested in 423 companies, with 15 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series B round of General Medicine Overall, Matrix portfolio has seen 17 unicorns, 27 IPOs and 173 acquisitions including key companies like DiDi, HubSpot and Apple. A lot of funds co-invest with Matrix, with names like North Bridge Venture Partners sharing a substantial percentage of its portfolio. Matrix has team of 20 people including 8 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 8 more
Portfolio IPOs
Portfolio Acquisitions
Deals in last 12 months
Matrix's List of Top Investments
Matrix has a portfolio of 423 companies, including 17 unicorns. Their most notable investments are in Meshcapade and Qidi Technology.Their portfolio spans across United States, China, India and 18 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 36 other sectors, across stages such as Series A, Series B and 8 more. Here is the list of top investments by Matrix:
1. DiDi
AI-enabled platform for ride-hailing and on-demand services. The platform enables various services for ride-hailing, food delivery, bike-sharing, payment solutions, and more. It also offers various solutions including autonomous driving, traffic management, driver safety management, and more.
Key facts about DiDi
- Founded Year: 2012
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $20.8B
- Employee Count: 35,759 as on Sep 30, 2026
- Investors: Silver Lake, 2020 Ventures and 96 Others
- Latest Funding Round: Post IPO, Oct 12, 2023, $*****
- Highlight: Public
2. HubSpot
Provider of a platform offering marketing, sales, and customer service software. The platform provides tools for marketing automation, sales management, and customer support. It offers an CRM as its core, integrating various hubs such as Marketing Hub, Sales Hub, Service Hub, CMS Hub, Operations Hub, and Commerce Hub, each providing specialized tools to enhance different aspects of customer management and business operations. Key features include a robust CRM supporting contact and deal management, email tracking, marketing email creation, and meeting scheduling.
Key facts about HubSpot
- Founded Year: 2005
- Location: Cambridge (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $101M
- Employee Count: 13,391 as on Sep 30, 2026
- Investors: Cross Creek, Fidelity Investments and 24 Others
- Latest Funding Round: Post IPO, Jun 02, 2020, $*****
- Highlight: Public
3. Canva
Cloud-based collaborative design platform. It enables users to create various digital content, including social media posts, presentations, and videos, through its drag-and-drop editor. The platform provides access to thousands of templates, photos, and fonts, and offers AI-powered tools for users to enhance design abilities. It allows users to edit images for presentations, invitations, posters, flyers, business cards, and more. The platform offers pre-designed templates and effects. It also provides a stock library of photographs, illustrations, and images.
Key facts about Canva
- Founded Year: 2012
- Location: Surry Hills (Australia)
- Annual Revenue: $500M - $1B as on Dec 31, 2022
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $589M
- Employee Count: 20,257 as on Sep 30, 2026
- Investors: T. Rowe Price, Dragoneer Investment Group and 59 Others
- Latest Funding Round: Series F, May 01, 2024, $*****
- Highlight: Editors' Pick
4. Apple
Technology company and product innovator developing consumer electronics. The firm designs smartphones, personal computers, tablets, wearables, and related hardware alongside proprietary operating systems and productivity applications. It provides integrated ecosystems including cloud computing, digital media distribution, payment processing, and enterprise software solutions. Services encompass content streaming platforms, mobile app marketplaces, augmented reality frameworks, and professional creative software suites. Continuous platform evolution maintains seamless hardware-software integration across personal computing and professional segments.
Key facts about Apple
- Founded Year: 1976
- Location: Cupertino (United States)
- Annual Revenue: $1B+ as on Sep 30, 2025
- Stage: Public
- Employee Count: 220,950 as on Sep 30, 2026
- Investors: 2020 Ventures, Berkshire Hathaway and 40 Others
- Latest Funding Round: Post IPO, Dec 25, 2020, $*****
- Highlight: Public
5. Care.com
Provider of an app-based marketplace for booking caregivers. It enables users to have access to a large network of caregivers such as child care, senior care, and pet care. It also enables people to list themselves as a caregiver. It offers mobile applications for Android and iOS devices.
Key facts about Care.com
- Founded Year: 2006
- Location: Waltham (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2018
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $111M
- Employee Count: 12,572 as on Sep 30, 2026
- Investors: Cross Creek, Archer Venture Capital and 11 Others
- Latest Funding Round: Post IPO, Jun 29, 2016, $*****
- Highlight: Acquired
Matrix's Year-on-Year Investment Trends
Matrix has invested in 425 companies over the last 34 years, with an average of 15 new investments annually in the last 10 years. In 2025, it made 24 investments, while as of Oct 2026, it has made 15 investments in this year. Its most recent first time investment was in Ampersand and most recent follow-on round was in General Medicine.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 10 | 5 | 15 |
2025 | 16 | 8 | 24 |
2024 | 12 | 1 | 13 |
2023 | 9 | 3 | 12 |
2022 | 27 | 6 | 33 |
2021 | 15 | 12 | 27 |
2020 | 14 | 8 | 22 |
2019 | 10 | 9 | 19 |
2018 | 19 | 14 | 33 |
2017 | 16 | 13 | 29 |
Matrix's Investments by Stage
Matrix has made 136 investments in Series A stage with an average round size of $12.9M, 81 investments in Series B stage with an average round size of $25.5M and 59 investments in Seed stage with an average round size of $4.02M.Stage of entry | No. of Investments |
|---|---|
Series A | 136 |
Series B | 81 |
Seed | 59 |
Series C | 29 |
Series D | 6 |
Others | 10 |
Note: We have considered here, only first round of investments
Matrix's Investments by Sector
Matrix has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Consumer, High Tech and FinTech. Notably, it has invested in 353 Tech companies, 299 Enterprise (B2B) companies, 224 Software companies and at least 114 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 159 |
Enterprise Infrastructure | 67 |
Consumer | 62 |
High Tech | 58 |
FinTech | 39 |
Others | 313 |
Note: We have considered here, only first round of investments
Matrix's Investments by Geography
Matrix has made most investments in United States (238), followed by China where it has made 37 investments.Country | No. of Investments |
|---|---|
United States | 238 |
China | 37 |
India | 11 |
Canada | 6 |
United Kingdom | 6 |
Others | 20 |
Note: We have considered here, only first round of investments
Matrix's recent investments
Matrix has made 15 investments in 2026 so far. General Medicine and Ampersand are the latest among them.Here are the most recent investments by Matrix:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 06, 2026 | United States | Series B | 7289 | [+5] | |
Oct 06, 2026 | - | Series A | 6390 | ||
Sep 16, 2026 | United States | Series D | 4799 | [+4] | |
Sep 01, 2026 | United States | Series A | 5883 | [+5] | |
Aug 27, 2026 | United States | Series A | 9445 | [+1] |
Unicorns in Matrix's Portfolio
Matrix has 17 unicorns in its portfolio - Luma AI, Suno, Lightmatter and others. The most recent unicorn in their portfolio is Luma AI. It became a unicorn in 2025, 4 years after Matrix first invested in it.Here is a list of unicorns in Matrix's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Developer of multimodal artificial intelligence models for creative media production | 2021 | Palo Alto | Series C | ilwekwz | ||
81 | Provider of music creation platform enabling users to easily create and share original songs | 2021 | Cambridge | Series D | aiafyvi | ||
72 | Developer of photonic interconnects and co-packaged optics for AI infrastructure | 2017 | Boston | Series D | rzicbve | ||
64 | Developer of an AI-powered platform for streamlining retail checkout processes | 2013 | Palo Alto | Series B | vpjdtxc | ||
65 | Provider of software delivery platform for continuous integration and continuous delivery | 2010 | San Jose | Series F | d{gfmcd |
IPOs and Publicly Listed companies in Matrix's Portfolio
27 of Matrix's portfolio companies have become public. DistinctClinic got listed on the Hong Kong Exchanges (HKG), in Feb 2026 at marketcap of $549M and SanDisk got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ).Here are Matrix's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 06, 2026 | Apr 14, 2015 | Series B | 1451 | |
Feb 24, 2025 | - | - | 4303 | |
Dec 23, 2024 | - | - | 2728 | |
Aug 10, 2021 | Jun 01, 2008 | Series A | 4209 | |
Jun 30, 2021 | - | - | 4179 |
Acquired companies in Matrix's Portfolio
173 companies from Matrix's portfolio have been acquired. The most recent acquisition was Common Ground in Sep 2026 by Farmersnational for $*****.Here are Matrix's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 15, 2026 | Dec 29, 2020 | Series B | 9188 | |
Jul 22, 2026 | Sep 12, 2013 | Series A | 5700 | |
Jul 17, 2026 | Dec 10, 2009 | Series B | 5500 | |
May 19, 2026 | Jul 2017 | Series A | 6758 | |
Mar 02, 2026 | Jul 2007 | Series A | 9865 |
Team profile of Matrix
Matrix has a team of 20 members including 8 Partners, 1 Venture Partner and 6 Principals located in United States. Matrix's team sits on the board of 5 companies.Here is a list of top team members in Matrix:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United States | |||
Partner | United States | - | ||
Partner | Palo Alto | |||
Partner | - | - | ||
Partner | Boston | - | - | |
Partner | Cambridge | - | - | |
Partner | Boston | - | - | |
Partner | San Francisco | - | - |
Co-investors of Matrix
Over the past 34 years, 1831 investors have co-invested in Matrix's portfolio companies. This includes funds and angels.
- Invested before Matrix: Y Combinator, Matrix Partners China and 433 others have invested in rounds before Matrix. There are 25 companies where Y Combinator has invested before Matrix and 10 companies where Matrix Partners China has invested before Matrix.
- Top Co-investors of Matrix: 648 investors entered a company along with Matrix. These include investors like North Bridge Venture Partners (27 companies).
- Invested after Matrix: A total of 748 investors have invested in Matrix's portfolio after their investments. Top Investors include Google Ventures (10 companies), Matrix Partners China (9 companies) and Goldman Sachs (7 companies).
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