Friday 24th Jul 2009
Market News
Matrix Partners Closes New $600 Million Matrix IX Fund
Matrix Partners, a premier venture capital firm with a thirty-year history, announced today it has closed its most recent fund, Matrix IX. Matrix IX plans to invest $600 million in consumer internet, software, mobile, communications and systems ventures.
“We’re fortunate in this challenging investment climate to raise a fund that will enable us to continue to foster innovation in critical sectors of the economy,” said General Partner, Timothy Barrows. “We are grateful to have limited partners whom we have worked with over multiple funds and who continue to support Matrix Partners’ long term approach to venture capital.”
“We are continuing to see great entrepreneurs developing disruptive solutions in the consumer and enterprise sectors and are excited to work with them to build world-class companies,” said General Partner, Andrew Verhalen. “Matrix IX gives us the opportunity to partner with exceptional founders and support new innovators in emerging industries.”
