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Matrix Partners

Private Equity, Venture Capital · Founded 1977 · Cambridge, United States

#58 Investor Ranking 2026 Top 0.5% of investors worldwide

US-based private equity investment firm

401 Portfolio companies+48% in 5 years
57 Unicorns
14 Decacorns
709 Investments
Jul 2026 Last investment
01 · Biggest holdings

Matrix Partners’ biggest current holdings.

Matrix Partners is a named shareholder in 30 companies. Dealroom estimates those stakes are worth about $10.7B in total — the disclosed percentage × each company’s latest valuation. The 12 biggest are below, each sized by that estimate.

#CompanyEst. stakeValuationEst. value
  1. 1 YuanfudaoEducation · Decacorn 8.5% $15.5B $1.3B
  2. 2 SunoMusic · Unicorn 20% $5.4B $1.1B
  3. 3 CanvaMedia · Decacorn 2.5% $42.0B $1.1B
  4. 4 KuCoinFintech · Decacorn 8.5% $10.0B $850M
  5. 5 Flock SafetySecurity · Unicorn 10.5% $7.5B $788M
  6. 6 OfBusinessFintech · Unicorn 12% $5.0B $600M
  7. 7 6.5% $9.0B $585M
  8. 8 7% $7.3B $511M
  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’ 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 shareholder registers on Dealroom →

02 · Exits

Matrix Partners’ biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Matrix Partners’ transaction record.

$1.8B IPO · 1980
Now $4.6TConsumer Electronics
Cisco
IPO · 1990
Now $493BTelecom
Lam Research
$80M IPO · 1984
Now $396BSemiconductors
FedEx Corporation
IPO · 1983
Now $105BTransportation
$54B IPO · 2018
Now $75BTelecom
$73B IPO · 2021
Now $14BTransportation
MetaX
$48B IPO · 2025
Entered Series ANow $39BSemiconductors
Xilinx
IPO · 1990
Now $30BTransportation
Baofeng
IPO · 2015
Now $19BMedia
SanDisk Corporation
IPO · 1995
Now $19BSemiconductors
$632M IPO · 2014
Now $10BEnterprise Software
$9.5B acquisition · 2018
Food
03 · Portfolio analysis

Where Matrix Partners’ portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 401 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA260
  2. China79
  3. India51
  4. UK12
  5. Singapore7
  6. Canada6
  7. Hong Kong2
  8. Switzerland2
  9. Australia1
  10. Austria1
  11. Azerbaijan1
  12. Brazil1
By sectorCount
  1. Enterprise Software98
  2. Fintech60
  3. Media41
  4. Telecom32
  5. Transportation32
  6. Health31
  7. Marketing30
  8. Security23
  9. Fashion17
  10. Semiconductors16
  11. Education14
  12. Real Estate13
By stage enteredCount
  1. Series B+54
  2. Series A53
  3. Seed35
By growth stageCount
  1. Breakout Stage191
  2. Late Growth123
  3. Early Growth113
  4. Mature8
04 · Portfolio market map

Inside Matrix Partners’ portfolio.

The 60 highest-funded portfolio companies, of 401 tracked.

DiDi
Transportation · Decacorn
$14B
Ele.me
Food · Unicorn
$9.5B
Yuanfudao
Education · Decacorn
$16B
Ola
Transportation · Unicorn
$7.3B
Sila Nanotechnologies
Energy · Unicorn
$1.2B
Dailyhunt
Media · Unicorn
$5.0B
Xiaomi
Telecom · Decacorn
$75B
Klook
Travel · Unicorn
$1.0B
Luma AI
Media · Unicorn
$4.0B
Vipkid
Education · Unicorn
$3.0B
Canva
Media · Decacorn
$42B
Kuaidi Dache
Transportation · Unicorn
$8.8B
OfBusiness
Fintech · Unicorn
$5.0B
Postmates
Food · Unicorn
$2.6B
Flock Safety
Security · Unicorn
$7.5B
Lightmatter
Semiconductors · Unicorn
$4.4B
Suno
Music · Unicorn
$5.4B
Razorpay
Fintech · Unicorn
$7.5B
Fivetran
Enterprise Software · Unicorn
$5.6B
Goat
Fashion · Unicorn
$3.7B
Salsify
Marketing · Unicorn
$2.0B
Trellix
Marketing
$140M
Bona Film Group
Media · Unicorn
$1.4B
Qiniu
Hosting
$564M
Beisen
Enterprise Software
$74M
Quikr
Telecom
$577M
MoEngage
Marketing · Unicorn
$1.1B
TechStyle Fashion Group
Fashion · Unicorn
$1.0B
Quora
Media · Unicorn
$2.0B
Momo
Dating
Vectra
Security · Unicorn
$1.2B
Zest AI
Fintech
$200M
Mark Forged
Enterprise Software
$77M
PingCAP
Enterprise Software · Unicorn
$2.9B
MetaX
Semiconductors · Decacorn
$39B
Unitree Robotics
Security · Unicorn
$1.4B
Starship Technologies
Robotics
$450M
Gilt Groupe
Fashion
$250M
CloudBees
Enterprise Software · Unicorn
$1.0B
Side
Real Estate · Unicorn
$2.5B
OneCard
Fintech
$30M
JustFab
Fashion · Unicorn
$1.0B
ShopClues
Fashion
$65M
Heptagon
Semiconductors · Unicorn
$2.0B
Cyclone
Enterprise Software
$750M
Practo
Health
$310M
Gizwits
Security
$800M
Flex
Fintech
Namely
Enterprise Software
$240M
Conductor
Media
$500M
Taulia
Fintech
$240M
Captain Fresh
Food
$526M
FPL Technologies
Fintech · Unicorn
$1.3B
Kujiale
Telecom · Unicorn
$1.0B
Country Delight
Food
$820M
LightForce Orthodontics
Health
$320M
Oxyzo Financial Services
Fintech · Unicorn
$1.0B
Edianzu
Enterprise Software
$308M
EarnIn
Fintech
$500M
Carbon Black
Security · Unicorn
$1.9B
05 · Portfolio founders

Where Matrix Partners’ portfolio founders come from.

196 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States83
  2. China51
  3. India33
  4. Singapore4
  5. Australia3
  6. Hong Kong3
  7. United Kingdom3
  8. Israel2
  9. Italy2
  10. Portugal2
UniversityCount
  1. Massachusetts Institute of Technology10
  2. Harvard Business School5
  3. Harvard University5
  4. National Institute of Technology Karnataka5
  5. Indian Institute of Management, Calcutta4
  6. Indian Institute of Technology, Delhi4
  7. Indian School of Business4
  8. Ben-Gurion University of the Negev3
  9. Indian Institute of Management Bangalore3
  10. Indian Institute of Technology Kharagpur3
Previous companyCount
  1. Microsoft8
  2. Alphabet | Google7
  3. Cisco4
  4. Endeca4
  5. ICICI Bank4
  6. Baidu3
  7. Harvard University3
  8. IBM3
  9. Kensho Technologies3
  10. Matrix Partners China3