# Matrix

Matrix is an Asset Manager based in Portsmouth, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Portsmouth, United States
- **Region:** North America
- **Address:** Waltham, MA, United States
- **Assets under management:** Undisclosed
- **Website:** matrix.vc

## Regulatory record

- **CRD number:** 160066
- **SEC file number:** 801-73612
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/160066

## About

Matrix Capital Management Company is an SEC-registered investment adviser in PORTSMOUTH, NH, registered since 2012. The firm manages approximately $2.3 billion in regulatory assets. It has 7 employees and 4 investment advisers.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- PropTech
- Healthcare Services
- Industrial Tech
- Media & Entertainment
- InsurTech
- Mobility & Transportation

## Offices

- Palo Alto, CA
- San Francisco, CA
- New York, NY
- Hong Kong
- Singapore
- Tokyo
- London

## Questions

### How does Matrix source proprietary deal flow after five decades?

Matrix relies on a layered network built through investments in category-defining companies. Its partnership page recounts relationships from Apple and FedEx through Oculus and Canva, which creates a referral surface few younger firms can replicate. The firm also attracts founders through its stated combination of deep technical partnership and a willingness to invest before consensus forms around a market.

### Is Matrix structured as a traditional venture firm or does it operate with a permanent capital model?

Matrix raises discrete venture capital funds through its Matrix Partners LP vehicle. It does not use a permanent capital structure. However, the underlying management company has maintained continuity for over 45 years, which yields operating stability that approximates the cultural advantages of a permanent capital base without the actual legal structure.

### Does Matrix participate in fund commitments or only direct deals?

Matrix invests directly in early-stage companies from idea through Series A. Available evidence shows no fund-of-funds activity or LP commitments to external managers. The firm's public-facing materials and portfolio reflect a pure direct-investment mandate.

### What investment stages does Matrix typically target?

Matrix targets the earliest institutional capital window — from idea stage through Series A. The firm self-describes as 'investing from idea through Series A' and frames its value proposition around engaging before other venture firms will commit. It does not run a dedicated growth-stage practice, though it periodically supports existing portfolio companies in later rounds.

### Which sectors does Matrix explicitly avoid?

Matrix has not published a formal avoidance list. However, its portfolio reveals no meaningful presence in climate hardware, space technology, defense technology, or bio/pharma therapeutics. The absence is consistent enough across fund cycles to suggest a durable institutional preference, even if not codified in a public investment policy statement.

### How is Matrix related to Matrix Partners China or Matrix Partners India?

The historical relationship is ambiguous from publicly available sources. Matrix's website lists offices in Hong Kong, Singapore, and Tokyo and features portfolio companies with Asian operations, but the entity does not explicitly address the legal or economic ties — if any — to the firms operating under the Matrix Partners name in mainland China or India. Allocators evaluating the franchise should clarify governance separation directly.

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Last updated: 2026-06-03T20:00:00.000Z

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