Venture Capital firm Matrix Partners has raised US$350 million for its third China fund, Matrix Partners China III LP, according to a regulatory filing.
In April 2011, Matrix Partners announced that its second China fund, Matrix Partners China II LP, raised US$350 million. Its first China fund raised US$250 million in 2008, according to its regulatory filings.
Matrix Partners China invests in early-stage companies in the technology, media & telecommunications (TMT) and health care sectors in China.
Its Beijing-based investment team is led by David Zhang, David Su and Bo Shao.
