Friday, May 10, 2013

Matrix Partners Raises $450M Fund

Palo Alto-based venture investor Matrix Partners said this week that it has closed on a new, $450M fund, Matrix X, its tenth early-stage technology venture fund. The company said the fund is its third, $450M early stage fund for the investor. Matrix said the fund had "significant" over subscription, but that it limited the investment size to fit its focus. Limited Partners in the new fund were not announced.