Venture capital firm
Matrix portfolio
matrix.vcMatrix is a venture capital firm based in San Francisco, United States. It has invested in 129 venture-backed companies across 194 funding rounds on VCMC, and led 52 of those rounds. 6 of them were in the last 12 months.
129
Venture-backed companies
in its portfolio on VCMC
194
Funding rounds
led 52
6
Last 12 months
rounds, Oct 2025 to Sep 2026
51
With a disclosed valuation
of 129 companies
$134.1B
Combined value of its private companies
the whole companies, not what Matrix owns
126 private companies Matrix has backed have a VCMC valuation; together they are worth $134.1B. That is the value of the whole companies, not what Matrix owns. Canva is 28% of the total. 3 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Matrix's most valuable portfolio companies
The 10 most valuable private companies Matrix has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Canva Tech Companies, Surry Hills $37.7B range $15.4B – $73.7B Joined at Series A, 2015
- 2 Ola Corporate Ridesharing $9.3B range $727M – $10.7B Joined at Series C, 2014
- 3 Flock Safety Alarms, Surveillance & Security Systems, Atlanta $7.7B range $6.5B – $9.5B Joined at Series D, 2021
- 4 Tech Companies, Ras Al Khaimah $7.7B range $4.6B – $9.5B Joined at Growth, 2025
- 5 Fivetran Tech Companies, Oakland $7.2B range $1.0B – $10.7B Joined at Series C, 2020
- 6 Lightmatter Electronical Components Manufacturing, Mountain View $6.6B range $3.5B – $7.5B Joined at Series A, 2019
- 7 DailyHunt Tech Companies, Koramangala $6.5B range $516M – $7.5B Joined at Series C, 2015
- 8 Razorpay Payment Processing & Point of Sale, Adugodi $5.0B range $764M – $13.1B Joined at Series C, 2019
- 9 Luma AI Tech Companies, Palo Alto $4.8B range $3.5B – $5.6B Joined at Series C, 2025
- 10 Sila Nanotechnologies Batteries, Alameda $3.7B range $2.6B – $5.7B Joined at Series D, 2018
Portfolio
Full Matrix portfolio (129 companies)
129 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ola Corporate Ridesharing · since Series C, 2014 | Series J Dec 2021 $139M | $9.3B | $727M – $10.7B | $8.6B (-8%) | $1.4B | 0% | 29,717 | flat | D | |
| 2 | Sila Nanotechnologies Batteries · since Series D, 2018 | Debt Aug 2026 $1.40B | $3.7B | $2.6B – $5.7B | $4.0B (+8%) | $363M | 0% | 440 | flat | B | |
| 3 | DailyHunt Tech Companies · since Series C, 2015 | Debt Feb 2024 $6.2M | $6.5B | $516M – $7.5B | $6.5B (0%) | $822M | 0% | 350 | unknown | D | |
| 4 | Luma AI Tech Companies · since Series C, 2025 | Series C Nov 2025 $900M | $4.8B | $3.5B – $5.6B | $4.5B (-5%) | $572M | 27% | 191 | flat | A | |
| 5 | Razorpay Payment Processing & Point of Sale · since Series C, 2019 | Series F Dec 2021 $375M | $5.0B | $764M – $13.1B | $5.0B (0%) | $1.4B | 46% | 3,700 | unknown | D | |
| 6 | Fivetran Tech Companies · since Series C, 2020 | Series D Sep 2021 $565M | $7.2B | $1.0B – $10.7B | $6.9B (-4%) | $1.1B | 0% | 1,851 | up | D | |
| 7 | Flock Safety Alarms, Surveillance & Security Systems · since Series D, 2021 | Growth Equity Jul 2026 $275M | $7.7B | $6.5B – $9.5B | $8.3B (+7%) | $743M | 0% | 1,434 | up | A | |
| 8 | Lightmatter Electronical Components Manufacturing · since Series A, 2019 | Series D Oct 2024 $400M | $6.6B | $3.5B – $7.5B | $5.0B (-24%) | $721M | 0% | 371 | up | B | |
| 9 | Canva Tech Companies · since Series A, 2015 | Growth Equity Sep 2021 $200M | $37.7B | $15.4B – $73.7B | $34.9B (-7%) | $7.0B | 33% | 23,213 | growing | C | |
| 10 | Salsify Tech Companies · since Series A, 2013 | Series F Apr 2022 $200M | $1.3B | $147M – $2.7B | $1.2B (-8%) | $286M | 14% | 587 | flat | D | |
| 11 | OfBusiness Chemicals · since Series C, 2018 | Growth Equity Apr 2025 $12M | $179M | $54.6M – $307M | $160M (-11%) | $13.0M | 55% | 1,155 | flat | C | |
| 12 | Unitree Robotics Industrial Machinery & Supplies · since Series B, 2022 | Series C Sep 2024 $430M | $1.9B | $1.3B – $2.2B | $1.1B (-45%) | $242M | 0% | 102 | growing | A | |
| 13 | Unbabel Translation Services · since Seed, 2014 | Series C Sep 2019 $60M | $112M | $31.5M – $525M | $112M (0%) | $65.7M | 80% | 658 | down | D | |
| 14 | Tech Companies · since Series C, 2021 | Series F Nov 2025 $100M | $916M | $609M – $1.1B | $925M (+1%) | $102M | 0% | 947 | flat | A | |
| 15 | Tech Companies · since Series D, 2021 | Series D Aug 2021 $130M | $406M | $156M – $2.9B | $339M (-17%) | $279M | 97% | 165 | down | D | |
| 16 | Tech Companies · since Series A, 2010 | Acquisition Jan 2022 | $440M acquired 2022 | $250M – $506M | – | – | 0% | – | unknown | B | |
| 17 | Tech Companies · led at Series A, 2014 | Series D Nov 2021 $50M | $215M | $40.2M – $1.2B | $212M (-2%) | $89.4M | 70% | 203 | down | D | |
| 18 | Tech Companies · led at Series A, 2022 | Series C Mar 2026 $60M | $565M | $346M – $906M | $639M (+13%) | $70.2M | 0% | 313 | growing | B | |
| 19 | Tech Companies · since Seed, 2014 | Series C Jul 2022 $52M | $307M | $43.9M – $892M | $267M (-13%) | $67.6M | 42% | 313 | flat | D | |
| 20 | Tech Companies · led at Series A, 2018 | Series C Sep 2024 $43M | $480M | $131M – $765M | $441M (-8%) | $55.9M | 9% | 385 | flat | C | |
| 21 | Tech Companies · since Series A, 2025 | Series A Jul 2025 $60M | $677M | $257M – $1.0B | $677M (0%) | $94.8M | 0% | 59 | growing | C | |
| 22 | Tech Companies · since Series C, 2012 | Series D Feb 2015 $27M | $323M | $43.0M – $1.1B | $323M (0%) | $46.3M | 59% | 483 | growing | D | |
| 23 | Tech Companies · since Series B, 2022 | Series B Jun 2022 $35M | $534M | $26.7M – $758M | $527M (-1%) | $35.3M | 0% | 1,234 | up | D | |
| 24 | Tech Companies · since Series B, 2025 | Series B Aug 2025 $29M | $191M | $106M – $220M | $191M (0%) | $21.1M | 0% | 111 | growing | B | |
| 25 | Tech Companies · led at Seed, 2023 | Series A Jan 2025 $25M | $324M | $137M – $373M | $324M (0%) | $45.4M | 0% | 147 | up | B | |
| 26 | Tech Companies · since Series B, 2023 | Series B Jun 2023 $24M | $223M | $28.0M – $420M | $197M (-12%) | $31.6M | 9% | 81 | flat | D | |
| 27 | Tech Companies · led at Series A, 2018 | Series B Sep 2021 $17M | $97.9M | $7.53M – $237M | $91.3M (-7%) | $22.1M | 20% | 22 | flat | D | |
| 28 | Software Development Services · since Series A, 2025 | Series A Oct 2025 $23M | $268M | $98.5M – $408M | $268M (0%) | $37.5M | 0% | 10 | growing | C | |
| 29 | Tech Companies · since Series B, 2013 | Other Jun 2016 $12M | $113M | $4.93M – $171M | $113M (0%) | $12.4M | 0% | 7 | unknown | D | |
| 30 | Tech Companies · led at Seed, 2023 | Seed Aug 2023 $4.0M | $48.7M | $5.13M – $75.3M | $46.1M (-5%) | $9.03M | 0% | 59 | up | D | |
| 31 | Investment Consultants & Financial Advisors · led at Seed, 2021 | Seed Sep 2021 $6.0M | $93.1M | $18.6M – $393M | $97.8M (+5%) | $91.6M | 63% | 14 | down | D | |
| 32 | Tech Companies · led at Seed, 2024 | Seed Apr 2024 $5.5M | $25.2M | $11.6M – $77.8M | $16.2M (-36%) | $16.2M | 94% | 33 | down | C | |
| 33 | Tech Companies · led at Seed, 2023 | Seed Nov 2023 $5.0M | $34.6M | $8.54M – $92.3M | $24.4M (-30%) | $15.3M | 59% | 197 | unknown | D | |
| 34 | Tech Companies · since Seed, 2022 | Seed May 2022 $4.1M | $37.1M | $1.52M – $69.3M | $37.1M (0%) | $8.20M | 0% | 5 | unknown | D | |
| 35 | Tech Companies · led at Seed, 2025 | Seed Apr 2025 $2.7M | $39.4M | $9.45M – $59.9M | $39.4M (0%) | $7.08M | 0% | 6 | unknown | C | |
| 36 | Tech Companies · since Seed, 2021 | Seed Sep 2021 $2.4M | $14.3M | $0.74M – $36.7M | $14.6M (+3%) | $4.80M | 20% | 4 | unknown | D | |
| 37 | Chemicals · led at Seed, 2022 | Seed Sep 2022 $2.4M | $9.95M | $1.18M – $27.8M | $8.20M (-18%) | $4.80M | 40% | 58 | flat | D | |
| 38 | Employment Agencies & HR Consulting · since Seed, 2025 | Seed Nov 2025 $1.2M | $14.5M | $5.12M – $23.7M | $15.6M (+7%) | $2.80M | 0% | 30 | flat | C | |
| 39 | Food delivery · since Series B, 2014 | Acquisition Jul 2020 $2.65B | $2.6B acquired 2020 | $2.1B – $3.0B | – | – | 0% | – | unknown | A | |
| 40 | Travel Agencies · since Series C, 2017 | Growth Equity Feb 2025 $100M | $1.1B | $527M – $1.7B | $1.1B (0%) | $115M | 0% | 2,058 | up | B | |
| 41 | Payment Processing & Point of Sale · since Series B, 2017 | Debt Sep 2025 $150M | $696M | $49.1M – $988M | $696M (0%) | $99.6M | 0% | 594 | flat | D | |
| 42 | Tech Companies · led at Series A, 2010 | Debt Dec 2021 $95M | $314M | $87.5M – $2.1B | $284M (-10%) | $144M | 97% | 483 | down | D | |
| 43 | Payment Processing & Point of Sale · since Growth, 2022 | Growth Equity Jun 2025 $175M | $2.2B | $1.0B – $3.3B | $2.2B (0%) | $195M | 0% | 91 | flat | B | |
| 44 | Tech Companies · since Growth, 2025 | Growth Equity Mar 2025 $275M | $7.7B | $4.6B – $9.5B | $6.8B (-12%) | $927M | 30% | 30 | unknown | B | |
| 45 | Hosting & Cloud Infrastructure Providers · led at Growth, 2024 | Growth Equity Feb 2025 $231M | $1.3B | $837M – $2.3B | $785M (-40%) | $209M | 97% | 408 | shrinking | B | |
| 46 | Food delivery · since Seed, 2017 | Series C Oct 2025 $50M | $580M | $289M – $882M | $580M (0%) | $63.8M | 0% | 464 | flat | B | |
| 47 | Real Estate - Agents & Managers · since Series D, 2021 | Growth Equity Jun 2021 $50M | $948M | $155M – $3.2B | $875M (-8%) | $281M | 38% | 318 | flat | D | |
| 48 | Dairy Products - Farms & Stores · led at Series B, 2019 | Series E Mar 2025 $25M | $362M | $169M – $551M | $362M (0%) | $45.8M | 0% | 2,174 | up | B | |
| 49 | General Retail & Merchandise · since Series C, 2020 | Series E Feb 2022 $45M | $1.5B | $268M – $2.6B | $1.4B (-6%) | $315M | 14% | 1,677 | up | D | |
| 50 | Loans & Financing · led at Series A, 2022 | Series A Mar 2022 $200M | $2.9B | $909M – $3.3B | $2.9B (0%) | $461M | 0% | 704 | growing | C |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Matrix invests: stages, industries and countries
Most of its rounds are Series C and later (35%). Its companies span 51 industries, most in Tech Companies, Payment Processing & Point of Sale and Hosting & Cloud Infrastructure Providers, across 13 countries.
Rounds by stage
- Pre-seed 3
- Seed 38
- Series A 41
- Series B 43
- Series C and later 68
- Other venture 1
Investments by industry
- Tech Companies 53
- Payment Processing & Point of Sale 8
- Hosting & Cloud Infrastructure Providers 3
- Industrial Machinery & Supplies 3
- Investment Consultants & Financial Advisors 3
- Software Development Services 3
- Chemicals 2
- Clothing Stores 2
Investments by country
- United States 66
- India 46
- China 4
- United Kingdom 3
- Hong Kong 2
- Australia 1
Recent rounds
Matrix's latest investments
Matrix's most recent funding rounds, newest first. 6 rounds in the last 12 months.
- Series A, led $13M 19 Aug 2026
- Sila Nanotechnologies Growth $300M 21 Jul 2026
- Seed $1.2M 29 Nov 2025
- Luma AI Series C $900M 19 Nov 2025
- Series A $23M 8 Oct 2025
- Series B $20M 1 Oct 2025
- Series B $29M 7 Aug 2025
- Series A $60M 28 Jul 2025
- Series C $10M 23 Apr 2025
- Seed, led $2.7M 16 Apr 2025
Co-investors
Matrix's top co-investors
The investors that most often join the same rounds as Matrix. Sequoia Capital leads, with 16 rounds together.
- Sequoia Capital 16 rounds together
- Tiger Global 14 rounds together
- Andreessen Horowitz 13 rounds together
- 12 rounds together
- Alpha Wave Global 11 rounds together
- Y Combinator 11 rounds together
- 9 rounds together
- Accel 8 rounds together
- GV 8 rounds together
- Lightspeed Venture Partners 6 rounds together
About
About Matrix
Matrix Management Corporation is an American venture capital firm that invests in early-stage companies across sectors such as artificial intelligence, financial technology, consumer technology, health technology, infrastructure, semiconductors, and frontier industries. The firm provides capital and strategic support to startups and early-stage companies, with operations based in San Francisco and Boston.
Description from Veridion's company data.
- Based in
- San Francisco, United States
- Team
- 31 people, +29% in a year
- Type
- Venture capital firm
Focus markets
- Artificial Intelligence
- Financial Services
- Business Services
- Consumer Goods
- Healthcare
- Infrastructure
- Semiconductors
- Technology
What Matrix offers
- Early-Stage Venture Capital Investment
- Technical Founders Partnership
- Growth Stage Investment
- Industry-Specific Investment Services
- AI Sector Investment
- FinTech Sector Investment
- B2B Sector Investment
- Consumer Sector Investment
Questions
Matrix: frequently asked questions
How many companies has Matrix invested in?
129 venture-backed companies on VCMC, across 194 funding rounds.
What are Matrix's most valuable private companies?
Canva ($37.7B), Ola Corporate ($9.3B), Flock Safety ($7.7B), by VCMC's valuation.
What was Matrix's latest investment?
Thunder Compute, a Series A round in Aug 2026 of $13M, which Matrix led.
Which stages does Matrix invest in?
Matrix invests most often at Series C and later (68 rounds), followed by Series B (43) and Series A (41). It has also joined 38 seed, 3 pre-seed and 1 other venture rounds.
What is Matrix's portfolio worth?
Its private companies with a VCMC valuation are worth $134.1B together. That is the sum of the companies' values, not what Matrix owns.
Who does Matrix invest alongside?
Sequoia Capital (16 rounds), Tiger Global (14 rounds), Andreessen Horowitz (13 rounds).