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

Deal history

252 participations
DateCompanyRaisedRole
Jan 2026Cosmos▮▮
Dec 2025Lemon Slice▮▮
Dec 2025Salient▮▮
+ 249 more deals · all 252, priced and dated
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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).

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