Matrix

Matrix Partners is a venture capital firm established in 1977, with offices in San Francisco, Cambridge, Shanghai, Beijing, Mumbai, and Bangalore. The firm focuses on seed, early-stage, late-stage, and growth capital investments across various sectors, including software, communications, artificial intelligence, fintech, digital health, and clean technology. With a commitment to building long-term relationships with entrepreneurs, Matrix Partners aims to support visionary founders in developing significant, industry-leading companies. The firm has a strong track record, having participated in hundreds of investments, with many of its portfolio companies achieving successful IPOs or profitable mergers and acquisitions. The team at Matrix Partners combines local insights with global expertise, comprising both former entrepreneurs and seasoned investors.

Avnish Bajaj

Founder and Managing Director

Tim Barrows

Partner

Diana Kimball Berlin

Partner

Matthew Brown

Partner

Mollie Carter

Marketing Partner

Zhiying Chai

Associate

Heng Deng

Associate

Phyllis Doherty

Administrative Partner

Jingze Feng

Senior Associate

Paul Ferri

Co-Founder

Josh Hannah

General Partner

Leona Hu

Senior Associate

Yuzhou Hu

Associate

Yunqiu Hu

Investment Manager

Jake Jolis

Partner

Zhuyan Li

Vice President

Cui Lin

VP

Zhuang Liu

Director

Patrick Malatack

Partner

Harry Man

Partner

Kojo Osei

Partner

Stan Reiss

Partner

Antonio Rodriguez

Partner

Yibo Shao

Founding Partner

Bo Shao

Founding Managing Partner

David Skok

Partner

Dana Stalder

Partner

Tuong Sing Su

Founding Managing Partner

Ilya Sukhar

Partner

Roger Sun

Director

Andrew Verhalen

Partner

Stella Wang

Director

Bingxing Wang

director

Zhongbao Xia

Investment Manager

Min Xiao

Partner

Kevin Xiong

Partner

Eric Yu

Director

Zhiyun Yu

MD

Ying Zhang

Founding Managing Partner

David Zhang

Founding Managing Partner

Wei Zhou

VP

Joy Zhou

Director

Lingye Zuo

Partner

Past deals in Austin, TX

Concerto Card

Venture Round in 2022
Concerto Card is a company created to power credit card partnerships that enhance the user and product experience for consumers and businesses.

Upside Financing

Seed Round in 2021
Upside Financing tackles one of the biggest problems across the CPG industry: mismatched payment terms.

Steadily

Series A in 2021
Steadily Insurance Agency, Inc. provides insurance services of properties to the landlord. It covers various types of damages, such as fire, water, liability protection, medical, settlement costs, volcanic eruption, explosion, and other coverages. It also provides insurance services online. The company was incorporated in 2019 and is based in Austin, Texas.

Steadily

Seed Round in 2020
Steadily Insurance Agency, Inc. provides insurance services of properties to the landlord. It covers various types of damages, such as fire, water, liability protection, medical, settlement costs, volcanic eruption, explosion, and other coverages. It also provides insurance services online. The company was incorporated in 2019 and is based in Austin, Texas.

Bee Cave Games

Series A in 2015
Bee Cave Games is a social and mobile game developer based in Austin, Texas. They develop connected games for web, Facebook, iOS (iPhone and iPad), Android (phone and tablet), and other gaming platforms. The company's Bee Cave Blackjack and Slots features world-class Blackjack and Slots games, supports 18 languages, and is available at the Facebook App Center, Apple iOS App Store, Google Play Store or the Kindle Fire App Store.

Bee Cave Games

Seed Round in 2014
Bee Cave Games is a social and mobile game developer based in Austin, Texas. They develop connected games for web, Facebook, iOS (iPhone and iPad), Android (phone and tablet), and other gaming platforms. The company's Bee Cave Blackjack and Slots features world-class Blackjack and Slots games, supports 18 languages, and is available at the Facebook App Center, Apple iOS App Store, Google Play Store or the Kindle Fire App Store.

Care

Series E in 2012
Care.com is dedicated to enhancing the lives of families and caregivers by facilitating reliable connections between them. The platform serves as a comprehensive marketplace, enabling families to make informed decisions regarding quality care for children, parents, pets, and other loved ones. By providing access to a wide range of caregivers, Care.com aims to be the leading destination for quality care providers, helping them find meaningful employment and career opportunities worldwide. The service has gained rapid popularity among families seeking care solutions, reflecting its commitment to fulfilling the essential human need for caregiving.

Vectra

Series A in 2012
Vectra AI, Inc. is a cybersecurity company based in San Jose, California, specializing in artificial intelligence-based solutions for detecting and responding to cyberattacks across cloud, data center, and enterprise infrastructures. Established in 2010, Vectra focuses on safeguarding cloud and data center workloads as well as user and IoT devices. Its flagship Cognito platform enhances threat detection and investigation by leveraging AI to collect, store, and enrich network metadata, enabling real-time detection and analysis of both known and unknown threats. The company offers three key applications within the Cognito platform: Cognito Stream, which transmits security-enriched metadata to data lakes and SIEMs; Cognito Recall, a cloud-based tool for storing and investigating threats; and Cognito Detect, designed to swiftly reveal and prioritize hidden attackers. Vectra AI also has research and development centers in Dublin, Ireland; Austin, Texas; and Cambridge, Massachusetts.

Care

Series D in 2011
Care.com is dedicated to enhancing the lives of families and caregivers by facilitating reliable connections between them. The platform serves as a comprehensive marketplace, enabling families to make informed decisions regarding quality care for children, parents, pets, and other loved ones. By providing access to a wide range of caregivers, Care.com aims to be the leading destination for quality care providers, helping them find meaningful employment and career opportunities worldwide. The service has gained rapid popularity among families seeking care solutions, reflecting its commitment to fulfilling the essential human need for caregiving.

Care

Series C in 2010
Care.com is dedicated to enhancing the lives of families and caregivers by facilitating reliable connections between them. The platform serves as a comprehensive marketplace, enabling families to make informed decisions regarding quality care for children, parents, pets, and other loved ones. By providing access to a wide range of caregivers, Care.com aims to be the leading destination for quality care providers, helping them find meaningful employment and career opportunities worldwide. The service has gained rapid popularity among families seeking care solutions, reflecting its commitment to fulfilling the essential human need for caregiving.

BuyWithMe

Series B in 2010
BuyWithMe is a group-buying platform that connects local merchants with consumers through exclusive, limited-time offers. The mobile application functions as a digital wallet, enabling users to manage balances and make payments using various cryptocurrencies, including Facebook Libra coins, Bitcoin, and Ethereum. Customers can easily pay in physical stores by scanning QR codes and can also transfer funds between accounts without the need for traditional point-of-sale infrastructure. The app notifies users of nearby deals across a wide range of categories, such as dining, entertainment, and personal services, helping them save money. Transactions are processed in real-time, with offline transactions recorded for later blockchain upload. Founded in New York City, BuyWithMe was established by Andrew Moss and later refounded by Zsolt Sasdi. The company also has an office in Austin.

BuyWithMe

Series A in 2010
BuyWithMe is a group-buying platform that connects local merchants with consumers through exclusive, limited-time offers. The mobile application functions as a digital wallet, enabling users to manage balances and make payments using various cryptocurrencies, including Facebook Libra coins, Bitcoin, and Ethereum. Customers can easily pay in physical stores by scanning QR codes and can also transfer funds between accounts without the need for traditional point-of-sale infrastructure. The app notifies users of nearby deals across a wide range of categories, such as dining, entertainment, and personal services, helping them save money. Transactions are processed in real-time, with offline transactions recorded for later blockchain upload. Founded in New York City, BuyWithMe was established by Andrew Moss and later refounded by Zsolt Sasdi. The company also has an office in Austin.

Hyper9

Series B in 2009
Hyper9, Inc. provides virtualization management solutions. It offers virtual infrastructure search and analytics solutions, which includes consolidated view, environment monitoring, analytics, and collaboration. Hyper9, Inc. was formerly known as InovaWave, Inc. and changed its name in February 2006. The company was founded in 2006 and is based in Austin, Texas.

Care

Series B in 2008
Care.com is dedicated to enhancing the lives of families and caregivers by facilitating reliable connections between them. The platform serves as a comprehensive marketplace, enabling families to make informed decisions regarding quality care for children, parents, pets, and other loved ones. By providing access to a wide range of caregivers, Care.com aims to be the leading destination for quality care providers, helping them find meaningful employment and career opportunities worldwide. The service has gained rapid popularity among families seeking care solutions, reflecting its commitment to fulfilling the essential human need for caregiving.

Care

Series A in 2007
Care.com is dedicated to enhancing the lives of families and caregivers by facilitating reliable connections between them. The platform serves as a comprehensive marketplace, enabling families to make informed decisions regarding quality care for children, parents, pets, and other loved ones. By providing access to a wide range of caregivers, Care.com aims to be the leading destination for quality care providers, helping them find meaningful employment and career opportunities worldwide. The service has gained rapid popularity among families seeking care solutions, reflecting its commitment to fulfilling the essential human need for caregiving.

Hyper9

Series B in 2007
Hyper9, Inc. provides virtualization management solutions. It offers virtual infrastructure search and analytics solutions, which includes consolidated view, environment monitoring, analytics, and collaboration. Hyper9, Inc. was formerly known as InovaWave, Inc. and changed its name in February 2006. The company was founded in 2006 and is based in Austin, Texas.

Care

Series A in 2007
Care.com is dedicated to enhancing the lives of families and caregivers by facilitating reliable connections between them. The platform serves as a comprehensive marketplace, enabling families to make informed decisions regarding quality care for children, parents, pets, and other loved ones. By providing access to a wide range of caregivers, Care.com aims to be the leading destination for quality care providers, helping them find meaningful employment and career opportunities worldwide. The service has gained rapid popularity among families seeking care solutions, reflecting its commitment to fulfilling the essential human need for caregiving.

OATSystems

Series B in 2006
OATSystems, Inc. is the recognized RFID framework leader with software that empowers businesses to achieve competitive advantage from radio-frequency identification (RFID). As a pioneer in the development of RFID technology, OAT has been setting the standards in RFID for over half a decade and is responsible for industry firsts that include; the largest scale and largest scope of deployments, as well as the most innovative approaches to providing enterprise-wide RFID solutions. OAT's multinational client base consists of over 50 customers in retail, CPG, consumer electronics, manufacturing, life sciences, aerospace and defense. Headquartered in Waltham, MA, OAT has offices in Austin, Chicago, London, and Bangalore.

ColdWatt

Series B in 2006
ColdWatt, Inc. designs, develops, and manufactures power converters for computing, telecommunications, and networking applications. It offers its products to OEMs, IT managers, and systems designers. The company was formerly known as GTI Power Systems and changed its name in March, 2005. The company was incorporated in 2004 and is headquartered in Austin, Texas with additional offices in Taiwan; San Jose, California; and Houston, Texas. It has operations in Shenzen, China, as well as design centers in Dallas, Texas; and Bangalore, India.

ColdWatt

Series A in 2005
ColdWatt, Inc. designs, develops, and manufactures power converters for computing, telecommunications, and networking applications. It offers its products to OEMs, IT managers, and systems designers. The company was formerly known as GTI Power Systems and changed its name in March, 2005. The company was incorporated in 2004 and is headquartered in Austin, Texas with additional offices in Taiwan; San Jose, California; and Houston, Texas. It has operations in Shenzen, China, as well as design centers in Dallas, Texas; and Bangalore, India.

OATSystems

Series A in 2005
OATSystems, Inc. is the recognized RFID framework leader with software that empowers businesses to achieve competitive advantage from radio-frequency identification (RFID). As a pioneer in the development of RFID technology, OAT has been setting the standards in RFID for over half a decade and is responsible for industry firsts that include; the largest scale and largest scope of deployments, as well as the most innovative approaches to providing enterprise-wide RFID solutions. OAT's multinational client base consists of over 50 customers in retail, CPG, consumer electronics, manufacturing, life sciences, aerospace and defense. Headquartered in Waltham, MA, OAT has offices in Austin, Chicago, London, and Bangalore.

OATSystems

Series A in 2003
OATSystems, Inc. is the recognized RFID framework leader with software that empowers businesses to achieve competitive advantage from radio-frequency identification (RFID). As a pioneer in the development of RFID technology, OAT has been setting the standards in RFID for over half a decade and is responsible for industry firsts that include; the largest scale and largest scope of deployments, as well as the most innovative approaches to providing enterprise-wide RFID solutions. OAT's multinational client base consists of over 50 customers in retail, CPG, consumer electronics, manufacturing, life sciences, aerospace and defense. Headquartered in Waltham, MA, OAT has offices in Austin, Chicago, London, and Bangalore.