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Investor profile

Matrix Partners China

Venture capital firm · Founded 1977 · Active in 2026

Matrix Partners China is a venture capital firm based in China, founded in 1977. The page below shows 52 Power Law outcomes from Matrix Partners China's portfolio — 50 unicorns ($1B+ valuation) and 0 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Transportation · Other · eCommerce & Marketplaces; top portfolio geographies are China · USA · Hong Kong. Matrix Partners China ranks #163 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

52 Power Law outcomes Power Law Ranking #163 · Global · 52 Power Law outcomes · Active 2026
Unicorns ↑ 16% 5y
50
Decacorns ↓ 25% 5y
3
Thoroughbreds ↑ 47% 5y
22
01 · Exits

Sequoia’s biggest exits.

Sequoia portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 1999
Entered SeedNow $5.2T
IPO · 2004
Entered Series ANow $4.6T
IPO · 1980
Now $4.5T
IPO · 2014
Entered Series B+Now $306B
$214B IPO · 2021
Entered Series B+Now $20.1B
IPO · 2012
Entered Series ANow $207B
$82.0B IPO · 2019
Now $153B
IPO · 2012
Entered Series B+Now $103B
$95.0B IPO · 2020
Entered SeedNow $69.1B
$93.9B IPO · 2020
Entered Series B+Now $58.4B
$24.0B IPO · 2018
Entered Series B+Now $73.3B
$39.0B IPO · 2020
Entered Series ANow $67.6B
$32.0B IPO · 2021
Entered Series B+Now $67.5B
$41.5B IPO · 2021
Entered SeedNow $64.4B
$60.0B IPO · 2021
Entered Series B+Now $28.0B
$55.5B IPO · 2026
Entered Series B+Now $55.5B
$52.8B IPO · 2018
Entered Series ANow $49.6B
IPO · 2013
Now $45.0B
IPO · 2015
Entered Series B+Now $39.4B
IPO · 2002
Entered SeedNow $39.1B
$32.0B acquisition · 2025
Entered Seed
$12.0B IPO · 2021
Entered Series B+Now $29.5B
IPO · 2014
Entered Series B+Now $28.6B
IPO · 2015
Entered Series ANow $28.2B
03 · Portfolio analysis

The 52 Matrix Partners China Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. China46
  2. USA4
  3. Hong Kong1
  4. Indonesia1
By sectorCount
  1. Transportation9
  2. Other7
  3. eCommerce & Marketplaces6
  4. Edtech5
  5. Other B2B Software5
  6. Biotech & Life Sciences4
  7. AI3
  8. Fintech3
  9. Marketing3
  10. Robotics3
  11. Energy2
  12. Space2
By stage enteredCount
  1. Series B+31
  2. Series A16
  3. Seed3
Estimated holdings

Matrix Partners China’s biggest current holdings.

An estimate of Matrix Partners China’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 13 companies where Matrix Partners China is a named shareholder, worth about $3.5B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 YuanfudaoEducation · Decacorn 8.5% $15.5B $1.3B
  2. 2 GuaziMarketing · Unicorn 6.5% $9.0B $585M
  3. 3 Beijing Interstellar Glory Space TechnologySpace · Unicorn 8.5% $4.2B $353M
  4. 4 OfoTransportation · Unicorn 6% $5.2B $312M
  5. 5 KK GroupMarketing · Unicorn 7.5% $3.0B $225M
  6. 6 VipkidEducation · Unicorn 6% $3.0B $180M
  7. 7 2.5% $6.0B $150M
  8. 8 4% $2.9B $116M
  9. 9 9.2% $1.0B $92M
  10. 10 7.5% $1.0B $75M
  11. 11 2.5% $2.1B $52M
  12. 12 3% $1.1B $33M

Showing the 12 largest of 13 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = Matrix Partners China’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Matrix Partners China also appears inside investor groups in Galaxy Space, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

Matrix Partners China’s biggest exits.

Matrix Partners China portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

$73.0B IPO · 2021
Entered Series B+Now $13.9B
$8.4B IPO · 2020
Entered Series B+Now $13.0B
$10.0B IPO · 2020
Entered Series B+Now $3.8B
$9.5B acquisition · 2018
Entered Series B+
IPO · 2011
Entered Series B+Now $6.0B
$4.7B IPO · 2021
Entered Series B+Now $1.6B
$1.9B IPO · 2019
Entered Series B+Now $4.1B
$2.9B IPO · 2017
Entered Series ANow $713M
$2.8B IPO · 2023
Entered Series B+Now $2.8B
$1.7B IPO · 2016
Entered Series B+Now $2.2B
$1.6B IPO · 2017
Entered SeedNow $1.7B
Lightelligence
$1.3B IPO · 2026
Entered Series ANow $1.3B
$1.2B IPO · 2023
Entered Series B+Now $1.2B
04 · Portfolio market map

Matrix Partners China's 52 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
52 of 52 Power Law outcomes
05 · Power Law comparison

How does Matrix Partners China stack up?

Matrix Partners China in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns
Performance window All-time → 2026

Stage focus

Companies by selected outcome stage

Sector focus

Companies per investor across the 10 highest-volume sectors

Beyond Unicorns — how the portfolio compounds

% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.
Sort by
Entry stage
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Sequoia's portfolio founders come from — and where they studied.

47 founders across the 52 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Peking University and Baidu are the deepest single pipelines.

LocationCount
China39
View on app →
UniversityCount
Peking University6
Tsinghua University3
Stanford University3
German Swiss International School2
Cheung Kong Graduate School of Business2
Cornell University2
Wharton School of the University of Pennsylvania2
Washington University in St. Louis2
Harvard Business School2
Beijing University of Posts and Telecommunications1
+7 more →
Origin companyCount
Baidu3
Microsoft3
BeOne Medicines2
NetEase2
Wandoujia2
Uber1
eBay1
Hulu1
Alphabet | Google1
Cvent1
+2 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.
07 · Key people

Key people at Matrix Partners China.

Sources: Dealroom desktop research, official firm profiles and public investor lists.

Market sentiment

What the market is saying about Matrix Partners China

An AI-synthesized read of the highest-engagement posts about Matrix Partners China on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Matrix Partners China

Recent press, funding announcements, and portfolio moves mentioning Matrix Partners China — pulled live from Dealroom's news feed.

See all news

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