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Matrix Partners closes USD600m Matrix IX fund

Venture capital firm Matrix Partners has closed its most recent fund, Matrix IX, which plans to invest USD600m in consumer internet, software, mobile, communications and systems venture

Venture capital firm Matrix Partners has closed its most recent fund, Matrix IX, which plans to invest USD600m in consumer internet, software, mobile, communications and systems ventures.

‘We’re fortunate in this challenging investment climate to raise a fund that will enable us to continue to foster innovation in critical sectors of the economy,’ says general partner Timothy Barrows. ‘We are grateful to have limited partners whom we have worked with over multiple funds and who continue to support Matrix Partners’ long term approach to venture capital.’

‘We are continuing to see great entrepreneurs developing disruptive solutions in the consumer and enterprise sectors and are excited to work with them to build world-class companies,’ adds general partner, Andrew Verhalen. ‘Matrix IX gives us the opportunity to partner with exceptional founders and support new innovators in emerging industries.’

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