Matrix Partners, a venture firm with offices in Waltham, MA, Silicon Valley, and New York, announced on Friday that it raised $650 million in two new funds focused on investments in Asia. The firm closed $350 million for its Matrix Partners China II fund and $300 million for its Matrix Partners India II fund. “Both countries are experiencing tremendous growth and there continues to be an enormous need for many new products and services,” said Matrix general partner Timothy Barrows in the announcement of the deal. “Our international teams remain committed to working closely with the very best entrepreneurs to cultivate new ideas and build great companies.”
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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