Matrix Closes $600M Investment Fund(s)

Waltham, MA-based Matrix Partners has closed its ninth fund, raising $600 million for investments in software, mobile, consumer internet, communications, and systems startups, according to a press release. While the announcement only mentions one fund, PE Hub reported today, following up on its report earlier this week, that two funds were actually raised—the main Matrix Partners IX fund of $450 million, and a $150 million special opportunities fund, which it says is for investments outside Matrix’s core fields. Matrix had not responded to our request for clarification by the time this article was posted.

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