PMT Matrix Capital

PMT Matrix Capital

PMT Matrix Capital began as the independent vehicle for Pascal Torres, who previously built and led Schlumberger's global venture arm. That corporate heritage shaped the firm's investment thesis: find technical founders solving hard engineering problems in sectors where Schlumberger once operated—industrial automation, energy services digitization, and advanced manufacturing—then layer on proprietary access to Chinese production ecosystems. The firm formalized in 2015 with offices in Paris and Beijing, later adding Sydney and Princeton as the portfolio and LP base globalized. Torres remains the sole named principal, suggesting a lean, founder-driven structure that has not publicly raised a multi-billion-dollar flagship fund. The firm targets early-stage deep-tech and enterprise software companies, typically leading Seed and Series A rounds with check sizes estimated between $1M and $5M. Known areas of active deployment include industrial IoT platforms, cybersecurity for critical infrastructure, and AI/ML applications in manufacturing quality control. The dual-domicile model in France and China is unusual: portfolio companies gain a pathway to validate product-market fit in Europe while prototyping and scaling hardware through Shenzhen and Beijing supply chains. Confirmed historical portfolio companies include Geoflex, a geolocation technology firm Torres shepherded in his Schlumberger days, and a small number of French industrial startups. The firm participates in both equity and convertible-note structures, and has co-invested alongside corporate venture arms from the energy and aerospace sectors. The exact team size and total assets under management remain undisclosed as of mid-2026, placing the firm in a category of smaller, specialized operators that prize privacy over fund-marketing scale. No parallel philanthropic or family-office vehicle is publicly associated with the firm. There is no record of large real estate holdings, club memberships, or a formal LP advisory network, though the Princeton office suggests proximity to East Coast institutional allocators. In a 2023 interview with a French tech publication, Torres emphasized that the firm had deliberately avoided raising a momentum-driven fund and remained focused on technical diligence depth over portfolio breadth. The structural distinction is the firm's genuine bilateral operating capability: it sources deals in Paris and Princeton, then provides portfolio companies active market-entry support into China, a rarer post-investment capability for a sub-$100M manager. This is not a branding claim—an office in Beijing and a principal with demonstrated relationships in Chinese manufacturing create a different risk and value-creation profile than a standard European VC. The long-term succession question, with Torres as the sole named decision-maker, remains the central governance variable.