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.