Matrix Raises $450M Fund X

Matrix Partners said its raised a $450 million tenth fund with a focus on early stage technology investing.

The Boston-based firm with offices in Silicon Valley, China and India said the fund is its third consecutive $450 million fund, despite interest from LPs in over subscribing beyond the cap. It said it would not tack on a special opportunities fund this time, as it did in 2008 with fund IX when it raised an additional $150 million. Matrix never called capital for the special opportunities fund.

According to a press release, the new fund will focus on consumer Internet, mobile, enterprise software and IT infrastructure investments. Partners in the new fund are Timothy Barrows, Joshua Hannah, Antonio Rodriguez, David Skok and Dana Stalder, according to a filing with the Securities and Exchange Commission.

The filing can be found here. The press release is here. And a blog post from the firm is here.

Photo courtesy of Shutterstock.