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Matrix Partners Closes $650 Million Funds To Invest More In China, India April 29, 2011

Posted by Ian Cheng in Funding.
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Robin Wauters

Matrix Partners, a US-based investment firm with additional offices in India and China, this morning announced that it has closed two new funds: Matrix Partners China II (at $350 million) and Matrix Partners India II (at $300 million). The funds bring the firm’s total international assets under management to $650 million in China and $600 million in India.

Matrix Partners established an India presence back in 2006 and has an experienced entrepreneur running its investment team there: Avnish Bajaj, co-founder and former CEO of India’s largest online marketplace Baazee.com (acquired by eBay).

The firm has been active in China since 2008.

Matrix was an active player in the development of the VC industry in the 1980s. The firm’s predecessor, Hellman Ferri Investment Associates, was founded by Paul J. Ferri and Warren Hellman (founder of San Francisco-based PE firm Hellman & Friedman).

Matrix Partners was an early stage investor in companies like Apple, JBoss, SanDisk, Tivoli Software and VERITAS Software. Recent investments include Anjuke, HubSpot, Zendesk, Care.com, GOGII, BuyWithMe, Gilt Groupe and Zong.

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