Matrix Partners is an investment institution established in 2008, focusing on early and mid-stage investments. It manages funds exceeding 65 billion yuan. Matrix Partners primarily invests in sectors such as mobile social networking, trading platforms, O2O, e-commerce, smart hardware, internet education, vertical communities, culture, healthcare, and fintech. The institution has invested in over 700 companies, including renowned ones like Hanbo Semiconductor, Didi Chuxing, Li Auto, SoYoung, and Ele.me.
The founder of Matrix Partners is Zhang Ying, who holds a degree from the Department of Neurobiology at the University of California, San Francisco. He previously served as Managing Director and Chief Representative for China at the WI Harper Group in the U.S. Zhang Ying is known for his aggressive investment style and was listed in Forbes China's 2022 list of the Top 100 Venture Capitalists, ranking fifth in the 2021 Top Chinese Venture Capitalists by Jiemian News.
Matrix Partners has seven specialized post-investment teams that provide comprehensive support and services for its portfolio companies. These teams include Capital, Recruitment, Medical Services, Government Relations, Public Relations, Legal, and Data & Finance. The team comprises over 100 members, including more than 40 investment professionals and over 80 post-investment support team members.
Matrix Partners manages at least four U.S. dollar funds and six RMB funds, including Matrix China Fund I, Matrix China Fund II, Matrix China Fund III, Hangzhou Wanfeng Jinyuan Jingxin Equity Investment Partnership (LP), Matrix (Hangzhou) Venture Capital Partnership (LP), and Matrix Chuangda (Hangzhou) Venture Capital Partnership (LP).
Matrix Partners mainly invests in projects in the general A round, B round, and C round stages, with 81.36% of its investments spread across these three stages. The institution also participates in some angel round investments, accounting for 5.08%. Furthermore, Matrix Partners participates in projects from the D round to the Pre-IPO stage, also accounting for 5.08%.
Matrix Partners has invested in over 700 companies, adding 50 to 60 new companies each year. The companies include Didi Chuxing, Hanbo Semiconductor, SoYoung, Yuanfudao, Guazi.com, Liepin, Momo Technologies, Ele.me, Li Auto, XPeng Motors, Peijia Medical, Galactic Energy, Futu Securities, Ronbay Lithium Battery, Lexin Group, Taimei Medical, and YaoYanShe, among others.
In 2021, Matrix Partners was listed in the "Top 100 Chinese Investment Institutions (2021)" by iiMedia Ranking and won the Sina 2020 Technology Billboard - Annual Best Venture Capital Institution Award.
