Matrix Partners Closes $450 Million Fund X

WALTHAM, Mass. and PALO ALTO, Calif., May 9, 2013 /PRNewswire/ -- Matrix Partners, a premier venture capital firm with a thirty-year history, today announced the close of its most recent fund, Matrix X. The firm's third consecutive $450 million fund will be applied to early-stage investments in consumer internet, mobile, enterprise software and IT infrastructure ventures.

"We are grateful for the ongoing support of our limited partners who believe in Matrix's long-term approach to venture capital," said Matrix general partner, Timothy Barrows. "Matrix X will continue our long history of partnering with exceptional founders at the early stages of company formation to develop disruptive technologies and build world-class companies."

For more information on Matrix X, please visit the firm blog here. 

About Matrix Partners:
Matrix Partners is a premier venture capital firm that has generated outstanding returns for more than three decades. By focusing on early-stage investments and emphasizing long-term relationships with entrepreneurs, the firm has delivered several of the industry's top performing funds of all time. Matrix Partners has offices in Cambridge and Waltham, MA; Palo Alto, CA; Mumbai, India; and Beijing and Shanghai, China. Matrix Partners has invested in several game-changing, industry-leading businesses such as Apple Computer, Aruba, HubSpot, JBoss, Netezza, Phone.com, Polyvore, Starent Networks, Tivoli Systems, Veritas, Zendesk, and Zong.

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SOURCE Matrix Partners