Matrix Partners China raises an additional $77.9m for fifth fund

The Palace Museum, China. Photo: James Coleman/unsplash

Matrix Partners China, the Chinese arm of US venture capital firm Matrix Partners, has raised an additional $77.9 million for its fifth venture capital fund, according to a filing with the US Securities and Exchange Commission (SEC).

The fund, named Matrix Partners China V-A, L.P, saw participation from about 69 limited partners (LPs), according to the filing.

As per its filing in In June, the venture capital firm raised $750 million for its Matrix Partners China V with participation from about 53 LPs.

The Chinese VC arm was established in 2008, led by general partners Bo Shao, David Su and David Zhang. The firm invests in a variety of sectors including internet & mobile internet, financial services, healthcare and SaaS in China.

Matrix Partners China raised $500 million for its fourth China-focused fund in February 2016, less than two years after raking in $350 million for its third fund to invest in the country’s technology, media and telecommunications sectors.

Early this month, Matrix Partners China completed a Series B investment in Shenzhen-based e-commerce platform, xyb2b.com. It also led a $22-million Series A round into Elens, China’s two-year-old-developer of AI-powered text analysis in June.

The Chinese VC arm also led a Series A funding round for Yaoyanshe, a healthcare company based in Shanghai, and Xiaopangxiong, a Shanghai-based home construction materials B2B trading platform in early of June.

According to Crunchbase data, Matrix Partners has backed about 243 companies, leading investments in 63 of them.

Also Read:

Matrix Partners China leads $22m Series A in text analysis startup Elens

China Digest: Matrix Partners invests in xyb2b; Hillhouse Capital backs Elpiscience

India: MoEngage raises $9m Series B funding led by Matrix Partners, Ventureast 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.