Red-Hot Matrix Partners Gets $350M For 3rd China FundApril 18, 2014
by Karlee Weinmann
Matrix Partners, a venture capital firm in the midst of one of its best years ever, said Friday that it closed its third fund aimed at investments in China's technology, media and telecommunications sectors with $350 million in commitments.
The new pool matches the total raised for the Massachusetts-based firm's second Chinese fund and pushes its total capital under management in China past the $1 billion mark. Matrix, which has satellite offices in Beijing and Shanghai, has doubled down on Chinese investments in recent years as...