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Investor profile

Matrix Partners

Venture capital firm · Founded 1977 · Active in 2026

Matrix Partners is a venture capital firm based in Menlo Park, USA, founded in 1977. The page below shows 95 Power Law outcomes from Matrix Partners's portfolio — 51 unicorns ($1B+ valuation) and 1 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Other B2B Software · Other · Transportation; top portfolio geographies are China · USA · India. Matrix Partners ranks #58 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

95 Power Law outcomes Power Law Ranking #58 · Global · 95 Power Law outcomes · Active 2026
Unicorns ↑ 24% 5y
51
Decacorns ↑ 17% 5y
7
Thoroughbreds ↑ 73% 5y
42
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 95 Matrix Partners Power Law outcomes ($100M+ revenue or $1B+ valuation).

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

By countryCount
  1. China50
  2. USA32
  3. India6
  4. Singapore2
  5. Finland1
  6. Indonesia1
  7. Hong Kong1
  8. UK1
  9. Australia1
By sectorCount
  1. Other B2B Software14
  2. Other13
  3. Transportation12
  4. eCommerce & Marketplaces12
  5. Fintech8
  6. AI7
  7. Marketing7
  8. Edtech6
  9. Biotech & Life Sciences5
  10. Cybersecurity4
  11. Robotics3
  12. Space2
By stage enteredCount
  1. Series B+24
  2. Series A23
  3. Seed6
Estimated holdings

Matrix Partners’ biggest current holdings.

An estimate of Matrix Partners’ largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 30 companies where Matrix Partners is a named shareholder, worth about $10.1B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 YuanfudaoEducation · Decacorn 8.5% $15.5B $1.3B
  2. 2 CanvaMedia · Decacorn 2.5% $42.0B $1.1B
  3. 3 KuCoinFintech · Decacorn 8.5% $10.0B $850M
  4. 4 Flock SafetySecurity · Unicorn 10.5% $7.5B $788M
  5. 5 OfBusinessFintech · Unicorn 12% $5.0B $600M
  6. 6 GuaziMarketing · Unicorn 6.5% $9.0B $585M
  7. 7 7% $7.3B $511M
  8. 8 20% $2.5B $490M
  9. 9 9% $5.0B $450M
  10. 10 15% $2.5B $375M
  11. 11 8.5% $4.2B $353M
  12. 12 7.5% $4.4B $330M

Showing the 12 largest of 30 disclosed direct holdings.

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

Matrix Partners’ biggest exits.

Matrix Partners 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 · 1980
Now $4.5T
$54.0B IPO · 2018
Entered Series B+Now $84.4B
$73.0B IPO · 2021
Entered Series B+Now $13.9B
$8.4B IPO · 2020
Now $13.0B
IPO · 2014
Entered Series B+Now $10.2B
$10.0B IPO · 2020
Now $3.8B
$9.5B acquisition · 2018
Entered Series A
IPO · 2014
Entered Series B+Now $8.9B
IPO · 2011
Now $6.0B
$1.0B IPO · 2016
Entered SeedNow $4.9B
$4.7B IPO · 2021
Now $1.6B
$1.9B IPO · 2019
Now $4.1B
IPO · 2012
Entered Series B+Now $3.5B
$2.9B IPO · 2017
Now $713M
$2.8B IPO · 2023
Now $2.8B
$2.6B acquisition · 2020
Entered Seed
$1.7B IPO · 2016
Entered Series ANow $2.2B
$2.1B IPO · 2021
Entered SeedNow $77M
$1.2B IPO · 2018
Entered Series B+Now $1.9B
$1.6B IPO · 2017
Now $1.7B
Lightelligence
$1.3B IPO · 2026
Now $1.3B
$1.2B IPO · 2023
Now $1.2B
04 · Portfolio market map

Matrix Partners's 95 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
95 of 95 Power Law outcomes
05 · Power Law comparison

How does Matrix Partners stack up?

Matrix Partners 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.

152 founders across the 95 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Massachusetts Institute of Technology and Alphabet | Google are the deepest single pipelines.

LocationCount
China52
India44
United States27
Australia5
Denmark3
Ukraine3
Indonesia2
Russia1
Germany1
France1
+2 more →
UniversityCount
Massachusetts Institute of Technology8
Peking University6
Indian School of Business6
Indian Institute of Technology Kharagpur6
Stanford University6
Tsinghua University5
Indian Institute of Technology, Delhi5
Ravenshaw College4
Williams College4
Indian Institute of Technology Bombay3
+38 more →
Origin companyCount
Alphabet | Google10
Microsoft8
FPL Technologies3
Baidu3
Red Hat3
Meta3
Apple3
OfBusiness3
Endeca3
Freshworks2
+30 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.

Market sentiment

What the market is saying about Matrix Partners

An AI-synthesized read of the highest-engagement posts about Matrix Partners 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

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

See all news

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