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Matrix Partners China

Suite 2601, Taikang Financial Tower, No.38, East 3rd Ring Road North, Chaoyang District, Beijing, Beijing Shi, 100026, China

Overview

Venture capital firm supporting entrepreneurs to build industry leaders.

Founded

1977

Deals · 12mo

15

Links

Website

Stage focus

Series A
Series B

Geographic focus

China
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

91rounds
NAMEDATESIZE
NeuShen Therapeutics
Sep 2026Participated
$80 MSeries B
Tripo AI
Sep 2026Led
$445 MSeries B
Convergen
Aug 2026Led
$15 MSeed
KNOWIN
Aug 2026Led
$74 MOther Equity
Sand AI
Aug 2026Participated
$100 MOther Equity
Aureka Biotechnologies
Aug 2026Participated
$100 MSeries B
RoboParty
Jul 2026Participated
$74 MSeries A
Lingjing Zhiyuan
Jul 2026Led
$15 MSeed
Aether AI
Jun 2026Led
$20 MSeed
CoreVision
Jun 2026Led
$0.62 MSeed
BCI-Sonics
Jun 2026Led
$15 MSeed
RoboParty
Mar 2026Led
$20 MSeed
NeuShen Therapeutics
Sep 2026Participated
$80 MSeries B
Tripo AI
Sep 2026Led
$445 MSeries B
Convergen
Aug 2026Led
$15 MSeed
KNOWIN
Aug 2026Led
$74 MOther Equity
Sand AI
Aug 2026Participated
$100 MOther Equity
Aureka Biotechnologies
Aug 2026Participated
$100 MSeries B
RoboParty
Jul 2026Participated
$74 MSeries A
Lingjing Zhiyuan
Jul 2026Led
$15 MSeed
Aether AI
Jun 2026Led
$20 MSeed
CoreVision
Jun 2026Led
$0.62 MSeed
BCI-Sonics
Jun 2026Led
$15 MSeed
RoboParty
Mar 2026Led
$20 MSeed
91
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Insights

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Deal Distribution

Matrix Partners China: 91 funding rounds are recorded in the selected participation categories.All available history.
Matrix Partners China: 91 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed80
Series A818
Series B517
Series C+413
Other Equity414

Monthly Deal Activity

Matrix Partners China: 91 deals are recorded across 188 months.All available history.
Matrix Partners China: 91 deals are recorded across 188 months. All available history
MonthDeals
Mar '111
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '141
May '140
Jun '141
Jul '140
Aug '140
Sep '142
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '152
Apr '152
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '161
Jul '160
Aug '160
Sep '161
Oct '160
Nov '161
Dec '161
Jan '170
Feb '172
Mar '173
Apr '170
May '171
Jun '171
Jul '170
Aug '172
Sep '170
Oct '170
Nov '170
Dec '171
Jan '180
Feb '180
Mar '182
Apr '180
May '181
Jun '180
Jul '182
Aug '180
Sep '180
Oct '180
Nov '181
Dec '181
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '191
Nov '191
Dec '190
Jan '202
Feb '200
Mar '200
Apr '201
May '200
Jun '201
Jul '200
Aug '201
Sep '203
Oct '200
Nov '202
Dec '204
Jan '213
Feb '210
Mar '213
Apr '211
May '213
Jun '212
Jul '213
Aug '212
Sep '210
Oct '211
Nov '210
Dec '210
Jan '220
Feb '222
Mar '220
Apr '221
May '220
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '232
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '241
Aug '241
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '263
Apr '260
May '260
Jun '263
Jul '262
Aug '264
Sep '262
Oct '260

Sector Breakdown

Matrix Partners China: Health & Life Sciences is the largest displayed sector by deal count (34 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Matrix Partners China: Health & Life Sciences is the largest displayed sector by deal count (34 deals). All available history
SectorDeals
Health & Life Sciences34
Enterprise Software19
Manufacturing15
Hardware & Robotics13
Data, Analytics & IT10
Networks, Cloud & Communication10
AI & Machine Learning10
E-Commerce & Retail9
Space & Frontier Tech9
Transportation & Logistics9
Consumer & Lifestyle8
Education & Workforce6
Media & Entertainment4
Professional Services4
Social & Community Platforms4
Developer Tools4
Real Estate & Construction3
Fintech3
Food & Agriculture3
Travel & Hospitality2
Marketing & Advertising2
Crypto & Blockchain2
Cybersecurity & Privacy1
AR/VR1
Gaming & eSports1

Deal Size Distribution

Matrix Partners China: 91 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Matrix Partners China: 91 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M3
$10M-$25M26
$25M-$50M10
$50M-$100M24
$100M-$250M15
$250M-$500M7
$500M-$1B0
$1B+0

Deals By Geography

Matrix Partners China: China has the largest recorded deal count among the displayed regions (66 deals).All available history.

Top 8 of 8 regions; European countries are grouped as Europe.

Matrix Partners China: China has the largest recorded deal count among the displayed regions (66 deals). All available history
RegionDeals
China66
United States16
Singapore3
India2
Hong Kong1
P.R.China1
中国1
Shanghai1
Matrix Partners China: 20 co-investors are shown, with Lilly Asia Ventures sharing 12 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Matrix Partners China: 20 co-investors are shown, with Lilly Asia Ventures sharing 12 recorded deals. All available history
Co-investorShared deals
Lilly Asia Ventures12
Hongshan Capital Group (Sequoia Capital China)11
GGV Capital6
Sequoia Capital6
Tencent5
IDG Capital4
MSA Capital4
5Y Capital3
Baidu3
Hony Capital3
Lenovo Capital3
Sherpa Healthcare Partners3
Shunwei Capital3
Temasek3
WuXi AppTec3
Yunqi Partners3
Bojiang Capital2
Boyu Capital2
Casdin Capital2
CICC Capital2

Investment Strategy

Matrix Partners China: Led accounts for 32% and participating for 68% of round participation.All available history.
Matrix Partners China: Led accounts for 32% and participating for 68% of round participation. All available history
CategoryDeals (count)Share (%)
Led2932%
Participating6268%
Matrix Partners China: Single-lead accounts for 62% and co-led for 38% of lead dynamics.All available history.
Matrix Partners China: Single-lead accounts for 62% and co-led for 38% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1862%
Co-led1138%

Team

Bo Shao

Founding Managing Partner

Brian Ru

Venture Partner

David Su

Founding Managing Partner

David Zhang

Managing Partner / Co Founder

Harry Man

Partner

Huadong Wang

Partner

Michael Zuo

Partner

Tong Ti

Vice President

Yang Yi

Head of Shenzhen Office

Yuye Wang
Zhuyan Li

Vice President