Matrix Partners Closes New $600 Million Matrix IX FundJuly 24, 2009
Venture Capital Firm Will Invest in Technology Start-ups including Consumer Internet, Software, Mobile and Communications Companies
WALTHAM, MA, July 24, 2009 - 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.”
About Matrix Partners:
Matrix Partners is a premier venture capital firm that has generated outstanding returns for over three decades. The firm has delivered several of the industry’s top performing funds of all time. Matrix Partners is headquartered in Waltham, Mass., and has offices in Menlo Park, CA, Mumbai, India and Beijing, China. The firm has been fortunate to be a part of the creation of game-changing, industry-leading businesses such as Aruba Networks (Nasdaq: ARUN), JBoss (Red Hat), Netezza (NYSE: NZ), SanDisk (Nasdaq: SNDK), Starent Networks (Nasdaq: STAR), Sycamore Networks (Nasdaq: SCMR) and Veritas Software (Symantec).