Matrix

Venture capital · San Francisco, California · Founded 1977

Founded in 1977, Matrix is a venture capital firm based in San Francisco, California. 72 portfolio companies and 252 recorded rounds are on record.

AUM
$4.0B
Portfolio companies
72
Recorded deals
252
12 in last 12M
Last investment
Jan 2026

Matrix key facts

  • Matrix is a venture capital firm based in San Francisco, California with 72 tracked portfolio companies.
  • Notable positions include Canva, Flock Safety, Lightmatter.
  • PrivateMarketView records 252 deal participations by Matrix.
  • Matrix’s most recent recorded investment was in Jan 2026, one of 12 in the last 12 months and 37 over two years.
  • The team roster lists 11 people.

About Matrix

Founded in 1977, Matrix is a venture capital firm based in San Francisco, California. The firm seeks to invest in early-stage companies operating in the artificial intelligence, b2b, consumer, fintech, frontier, health tech, infrastructure, and semiconductor sectors. This firm is a Registered Investment Adviser (RIA).

Stages
Early Stage VCSeed Round
Sectors
Building ProductsCommunications and NetworkingElectrical EquipmentFinancial SoftwareHealthcare ServicesHealthcare Technology SystemsIndustrial Supplies and PartsMachinery (B2B)Other Financial ServicesOther HardwarePharmaceuticals and BiotechnologySemiconductorsPreferred Deal TypesEarly Stage VC

Investment focus

Matrix invests at the early stage vc and seed round stages, with a focus on Building Products, Communications and Networking, Electrical Equipment, Financial Software, Healthcare Services and Healthcare Technology Systems.

Investment activity

Matrix joined 35 recorded rounds in the last two years (10 in the last 12 months), down from 55 in the two years before. By year: 1 in 2026, 31 in 2025 and 26 in 2024. Across all 252 recorded rounds, 100 were early-stage, 89 were later-stage and 59 were seed. Matrix most often invests alongside Bedrock (Financial Services) (6 shared rounds), Initialized Capital (5 shared rounds) and Meritech Capital Partners (5 shared rounds). Most recently: Cosmos (Series A, Jan 2026) and Lemon Slice (seed round, Dec 2025).

Matrix portfolio at a glance

72 portfolio companies are on record for Matrix, including Canva, Flock Safety and Lightmatter. The book leans Financial Software (12), Business/Productivity Software (11) and Multimedia and Design Software (4).

52 of the 72 carry a recorded valuation and 3 have recorded secondary-market trades, the names a secondary buyer or seller can price.

Matrix team

11 people are on record at Matrix: 5 general partners, 4 partners and 2 others. Senior names include Dana Stalder (General Partner), Ilya Sukhar (General Partner) and StaN J. Reiss (General Partner). 10 of them have a verified direct contact on file.

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Portfolio

72 companies · priced for members
CompanyValuationRole
Canva▮▮
Flock Safety▮▮
Lightmatter▮▮
+ 69 more companies · all 72, priced and dated
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Matrix recent deals

252 recorded
Jan 2026CosmosLater Stage VC (Series A)▮
Dec 2025Lemon SliceSeed Round▮
Dec 2025SalientEarly Stage VC (Series A1)▮
+ 249 more deals · amounts and lead flags are a member featureUnlock all 252 deals

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Team
11 people on record — 10 with verified contacts

Partners, principals, and the people who answer a pitch. Pro members reveal contacts with credits.

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Frequently asked about Matrix

What companies does Matrix invest in?
Matrix has 72 recorded portfolio companies, including Canva, Flock Safety, Lightmatter.
What is Matrix's AUM?
Matrix manages approximately $4.0B in assets.
Is Matrix actively investing?
Matrix's most recent recorded investment was in Jan 2026, with 12 investments in the last 12 months.