Matrix Partners Closes Chinese Fund at $350M

matrix partnersGlobal venture capital firm Matrix Partners closed a new fund dedicated to China, at $350m.

Matrix Partners China III invests in early-stage startups in the Chinese market.

Led by David Zhang, David Su and Bo Shao, Matrix Partners China targets companies in technology, media and telecommunications (TMT) and health care, and has been especially active in Internet and mobile.

Since its founding in 2008, the Chinese team has been a part of the creation and growth of many businesses including Anjuke, Baidu, Bona Film, Cheetah Mobile, Eachnet, Edan Medical, Focus Media, Momo, Qihoo 360, and 21ViaNet.



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