|By Marketwired .||
|April 18, 2014 08:04 AM EDT||
CAMBRIDGE, MA -- (Marketwired) -- 04/18/14 -- Matrix Partners, a premier venture capital firm with a 30-year history, today announced the closing of a new fund, Matrix Partners China III, at $350 million, bringing total capital under management in China to greater than $1 billion. The new fund underscores the firm's ongoing commitment to China.
"The Chinese market continues to present excellent opportunities to build major, highly valued stand-alone businesses," said Timothy A. Barrows, Managing Partner of Matrix Partners. "We'd like to thank our limited partners for their enthusiastic and longstanding support of Matrix Partners China."
Since its founding in 2008, Matrix Partners China has become a leader in early-stage investing in the Chinese market. The firm targets companies in technology, media and telecommunications (TMT) and health care, and has been especially active in Internet and mobile. Its Beijing-based investment team, led by David Zhang, David Su and Bo Shao has been a part of the creation and growth of many influential businesses in China, including Anjuke, Baidu, Bona Film, Cheetah Mobile, Eachnet, Edan Medical, Focus Media, Momo, Qihoo 360, and 21ViaNet.
For more information about Matrix Partners' latest investments, please visit www.matrixpartners.com.
About Matrix Partners:
Matrix Partners is a premier venture capital firm that has generated outstanding returns for more than three decades. By focusing on early-stage investments and emphasizing long-term relationships with entrepreneurs, the firm has delivered several of the industry's top performing funds of all time. Matrix Partners has offices in Cambridge, MA; Palo Alto, CA; Mumbai, India; and Beijing and Shanghai, China. Matrix Partners has invested in several game-changing, industry-leading businesses such as Apple Computer, Care.com, Gilt Groupe, HubSpot, JBoss, Netezza, Oculus VR, Phone.com, Polyvore, Starent Networks, Sycamore Networks, Tivoli Systems, Veritas, Zendesk, and Zong.
Oct. 4, 2015 12:00 AM EDT Reads: 363
Oct. 4, 2015 12:00 AM EDT Reads: 227
Oct. 3, 2015 11:00 PM EDT Reads: 268
Oct. 3, 2015 09:00 PM EDT Reads: 340
Oct. 3, 2015 06:00 PM EDT Reads: 287
Oct. 3, 2015 05:00 PM EDT Reads: 306
Oct. 3, 2015 05:00 PM EDT Reads: 313
Oct. 3, 2015 03:00 PM EDT Reads: 266
Oct. 3, 2015 03:00 PM EDT Reads: 263
Oct. 3, 2015 02:15 PM EDT Reads: 545
Oct. 3, 2015 01:15 PM EDT Reads: 558
Oct. 3, 2015 01:00 PM EDT Reads: 243
Oct. 3, 2015 01:00 PM EDT Reads: 641
Oct. 3, 2015 12:45 PM EDT Reads: 223
Mobile messaging has been a popular communication channel for more than 20 years. Finnish engineer Matti Makkonen invented the idea for SMS (Short Message Service) in 1984, making his vision a reality on December 3, 1992 by sending the first message ("Happy Christmas") from a PC to a cell phone. Since then, the technology has evolved immensely, from both a technology standpoint, and in our everyday uses for it. Originally used for person-to-person (P2P) communication, i.e., Sally sends a text...
Oct. 3, 2015 12:00 PM EDT Reads: 132