Matrix Raises $650 in Two Funds

Matrix Partners, a venture firm with offices in Waltham, MA, Silicon Valley, and New York, announced on Friday that it raised $650 million in two new funds focused on investments in Asia. The firm closed $350 million for its Matrix Partners China II fund and $300 million for its Matrix Partners India II fund. “Both countries are experiencing tremendous growth and there continues to be an enormous need for many new products and services,” said Matrix general partner Timothy Barrows in the announcement of the deal. “Our international teams remain committed to working closely with the very best entrepreneurs to cultivate new ideas and build great companies.”

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