Matrix

Matrix Partners is a venture capital firm established in 1977, with offices in San Francisco, Cambridge, Shanghai, Beijing, Mumbai, and Bangalore. The firm focuses on seed, early-stage, late-stage, and growth capital investments across various sectors, including software, communications, artificial intelligence, fintech, digital health, and clean technology. With a commitment to building long-term relationships with entrepreneurs, Matrix Partners aims to support visionary founders in developing significant, industry-leading companies. The firm has a strong track record, having participated in hundreds of investments, with many of its portfolio companies achieving successful IPOs or profitable mergers and acquisitions. The team at Matrix Partners combines local insights with global expertise, comprising both former entrepreneurs and seasoned investors.

Ben Altshuler

Partner

Tim Barrows

Partner

Diana Kimball Berlin

Partner

Rahul Chaudhary

Venture Partner

Pranay Desai

Managing Director

Phyllis Doherty

Administrative Partner

Paul J. Ferri

Co-Founder

Jacob Jolis

Partner

Patrick Malatack

Partner

Harry Man

Partner

Kojo Osei

Partner

Kun Qian

Managing Director

Brian Ru

Venture Partner

Varun Singhal

Senior Associate

Dana Stalder

General Partner

David Su

Founding Managing Partner

Ilya Sukhar

General Partner

Sun Linghao

Managing Partner

Huadong Wang

Partner

Kevin Xiong

Partner

Michael Zuo

Partner

T.J. Parker

Partner

Past deals in Retail

Mashgin

Series B in 2022
Mashgin Inc. specializes in the development of intelligent kiosks that provide automated self-checkout solutions for various retail environments, including cafés, convenience stores, and specialty shops. Founded in 2013 and headquartered in Mountain View, California, Mashgin utilizes advanced computer vision technology, incorporating deep learning and real-time 3D capabilities. This innovative approach allows the kiosks to accurately identify and process multiple items simultaneously based on their visual characteristics, such as color, shape, and size. The system can be deployed quickly and cost-effectively, making it an attractive alternative to traditional checkout methods. Currently, Mashgin's self-checkout kiosks are in operation at hundreds of locations and serve tens of thousands of customers daily, significantly enhancing the efficiency of the retail checkout process.

KNOWIN Trend Lab

Venture Round in 2021
Knowin is a vertical community e-commerce platform for sports categories dedicated to creating a trendy fashion space for young people.

KNOWIN Trend Lab

Series A in 2021
Knowin is a vertical community e-commerce platform for sports categories dedicated to creating a trendy fashion space for young people.

Hok Bee

Series A in 2021
Developer of a furniture e-commerce platform. The company operates both online and offline, providing customers around China with convenient and efficient furniture ordering & delivery services.

Zhuizhi Technology

Series A in 2021
Shanghai Zhuizhi Network Technology Co., Ltd. specializes in offering smart retail integrated solutions tailored for fast-selling retail companies. Established in 2018 and headquartered in Shanghai, China, the company provides a range of technology services that enhance operational efficiency and sales performance. Its product portfolio includes payment access services, mobile management assistant applets, smart cash registers, and various hardware terminals designed for merchant service users. By enabling retail companies to adopt intelligent management practices, Zhuizhi Technology aims to improve overall sales efficiency in the competitive retail landscape.

XINGYUN GROUP

Series C in 2020
XINGYUN GROUP is a comprehensive services platform for global commodities in China, devoting to providing global channel operation, distribution, and supply chain services to brands, retailers, and international trade practitioners.

Feiyu

Series A in 2020
Shanghai Feiyu Network Technology Co., Ltd. operates a luxury products trading platform. It sells bags, accessories, watches, footwear, and clothes. The company is based in Shanghai, China.

Zhuizhi Technology

Seed Round in 2020
Shanghai Zhuizhi Network Technology Co., Ltd. specializes in offering smart retail integrated solutions tailored for fast-selling retail companies. Established in 2018 and headquartered in Shanghai, China, the company provides a range of technology services that enhance operational efficiency and sales performance. Its product portfolio includes payment access services, mobile management assistant applets, smart cash registers, and various hardware terminals designed for merchant service users. By enabling retail companies to adopt intelligent management practices, Zhuizhi Technology aims to improve overall sales efficiency in the competitive retail landscape.

Yesmro

Series A in 2020
Yesmro is a self-operated e-commerce of MRO industrial consumer goods.

Backpack

Seed Round in 2019
Backpack Technologies, Inc. is an online peer-to-peer platform based in Staten Island, New York, that connects shoppers with travelers to facilitate overseas shopping and shipping. Established in 2014, the platform allows consumers access to a wide range of products, including electronics, pashmina, and medications, by enabling travelers to deliver items from abroad. This service not only helps shoppers acquire authentic and cost-effective products but also allows travelers to earn extra income. By democratizing the global market, Backpack provides a reliable and efficient means for consumers to access goods from around the world.

KK Group

Series D in 2019
KK Group provides an online-to-offline imported products marketplace. It provides an O2O platform that enables shoppers to purchase items from physical stores anywhere in the world through their mobile phone.

Yesmro

Series A in 2019
Yesmro is a self-operated e-commerce of MRO industrial consumer goods.

Pulshion

Seed Round in 2019
Pulshion is a trillion-dollar market. The size of small and medium-sized clothing stores directly facing Yimai is also a million in the country, and the direct market size exceeds 400 billion. The cognition and consumption habits of Chinese consumer groups are undergoing tremendous changes. The rise of the younger generation, the increasing demand for products and products, the signs of branding and small branding in the industry, coupled with new traffic such as short videos and live broadcasts. Rise, channels are also accelerating fragmentation and fragmentation. The quality supply chain, which relies heavily on big brand orders, is also facing a state of “not eating enough, finding out the road”.

XINGYUN GROUP

Series B in 2019
XINGYUN GROUP is a comprehensive services platform for global commodities in China, devoting to providing global channel operation, distribution, and supply chain services to brands, retailers, and international trade practitioners.

Xyb2b

Series B in 2019
Xyb2b provides online shopping platform. Its platform provides maternal and child supplies, beauty care, healthcare, digital life, clothing and shoes in a wide range, enabling customers to purchase products at a lesser cost and vendors create reliability and speed on import and export business.

Oscart

Seed Round in 2019
Oscart is a social e-commerce start-up focusing on fine products. Our beauty platform - Botiga Beauty is with one sole purpose, to bring consumers the BEST high-quality beauty products in the market. Our whole company is structured with the well being of the consumer in mind. We partner with top-rated beauty brands around the world to bring you high quality products backed by science. Our management team includes e-commerce veterans who have 15 years’ experience, social e-commerce pioneers with proven success record and world-class buyers who possess business acumen. We have secured a $10M-level round of angel funding led by Gaorong Capital & Matrix Partners.

Qingmai

Venture Round in 2019
Qingmai business covers freshwater retail, community group purchase, and freshwater supply chain. Since the opening of the first brand retail store, it has successively opened up markets in Jiangsu, Zhejiang and Anhui, relying on a strong supply chain system, perfecting independent information technology systems, healthy and high-quality fresh products, and strictly maintaining customer-first service.

Yishou

Series B in 2019
Yishou.com is a fast fashion women's sourcing platform. It will increase the supply chain efficiency by integrating the hot-selling styles of the national first-level women's wholesale market through the purchase of buyers and time-limited flashing. In the mobile phone side, you can complete the purchase of the goods, support one get the goods, the price is 30% cheaper than the wholesale market.

KK Group

Series C in 2019
KK Group provides an online-to-offline imported products marketplace. It provides an O2O platform that enables shoppers to purchase items from physical stores anywhere in the world through their mobile phone.

XINGYUN GROUP

Series B in 2018
XINGYUN GROUP is a comprehensive services platform for global commodities in China, devoting to providing global channel operation, distribution, and supply chain services to brands, retailers, and international trade practitioners.

Xyb2b

Series B in 2018
Xyb2b provides online shopping platform. Its platform provides maternal and child supplies, beauty care, healthcare, digital life, clothing and shoes in a wide range, enabling customers to purchase products at a lesser cost and vendors create reliability and speed on import and export business.

Liushanmen

Series A in 2018
Liushanmen, headquartered in Beijing, China, is a logistics technology company that specializes in high-quality internet food delivery services. The company focuses primarily on take-out food while also incorporating offline shops as a supplementary aspect of its business model. Liushanmen aims to enhance its offerings by utilizing a Central Kitchen to consolidate various food products, which are then delivered to customers. To strengthen its market presence, the company plans to establish its first Experience Centers in locations such as UIBE, Chao Yang University Town, and Z-Innoway, targeting the white-collar demographic in these areas.

Xiangwushuo

Series B in 2018
Xiangwushuo operates an online platform that enables users to buy and sell unused items, facilitating the effective use of idle consumer goods. Based in Beijing, China, the platform also allows business owners to promote and sell their products online. Users can give away their products by providing information to the platform, while others can acquire these items by paying delivery fees and using reward points known as Little Red Flower. This system not only encourages transactions but also incentivizes user engagement through activities like inviting friends to join. Xiangwushuo thus promotes a circular economy by connecting individuals and businesses in the exchange of goods.

Nattitude

Series B in 2018
An E-commerce Platform based in Guangzhou,China.

KK Group

Series B in 2018
KK Group provides an online-to-offline imported products marketplace. It provides an O2O platform that enables shoppers to purchase items from physical stores anywhere in the world through their mobile phone.

Fuliaoyi

Series A in 2018
B2B trading platform of clothing accessories In Shanghai,China.

GOAT

Series C in 2018
GOAT is a global marketplace specializing in authentic sneakers, apparel, and accessories from contemporary luxury brands. Founded in 2015 by Daishin Sugano and Eddy Lu in Culver City, California, the platform provides users with access to exclusive drops, the ability to make offers on desired items, and a selection that spans from iconic styles of the past to future classics. GOAT operates both online and through thirteen physical locations across the United States, Asia, and Europe, including distribution and authentication centers that serve 170 international markets. The platform features over 350 brands and has built a community of over 20 million members across 164 countries. By leveraging innovative technology, GOAT has transformed sneaker commerce, ensuring the authenticity of products while bridging the gap between primary and resale markets. Strategic backing from investors such as Foot Locker and prominent venture capital firms underscores its significant presence in the fashion and sneaker industries.

Songxiaocai

Series B in 2018
Songxiaocai operates a mobile Internet platform that provides vegetable picking and distribution and after-sales service business to business services for small and medium size retailer.

Mashgin

Series A in 2017
Mashgin Inc. specializes in the development of intelligent kiosks that provide automated self-checkout solutions for various retail environments, including cafés, convenience stores, and specialty shops. Founded in 2013 and headquartered in Mountain View, California, Mashgin utilizes advanced computer vision technology, incorporating deep learning and real-time 3D capabilities. This innovative approach allows the kiosks to accurately identify and process multiple items simultaneously based on their visual characteristics, such as color, shape, and size. The system can be deployed quickly and cost-effectively, making it an attractive alternative to traditional checkout methods. Currently, Mashgin's self-checkout kiosks are in operation at hundreds of locations and serve tens of thousands of customers daily, significantly enhancing the efficiency of the retail checkout process.

Woodstock Of Eating

Series A in 2017
Operator of city fairs for young people with music party and food retail. The company provides a space for the young generation with high quality leisure activities. In addition, the company also provides brand consultation services for business.

Relashenghuo

Series B in 2017
Relashenghuo is a chain snack store operator that specializes in spicy red crayfish. Relashenghuo has built a complete supply chain covering raw materials, food processing and cooking, offline stores, food delivery and logistics. Besides crayfish, it also sells mitten crab and mantis shrimp, both of which are popular in China. The firm applies big data to analyze customer demand and better manage its supply chain.

Nattitude

Series A in 2017
An E-commerce Platform based in Guangzhou,China.

GOAT

Series B in 2017
GOAT is a global marketplace specializing in authentic sneakers, apparel, and accessories from contemporary luxury brands. Founded in 2015 by Daishin Sugano and Eddy Lu in Culver City, California, the platform provides users with access to exclusive drops, the ability to make offers on desired items, and a selection that spans from iconic styles of the past to future classics. GOAT operates both online and through thirteen physical locations across the United States, Asia, and Europe, including distribution and authentication centers that serve 170 international markets. The platform features over 350 brands and has built a community of over 20 million members across 164 countries. By leveraging innovative technology, GOAT has transformed sneaker commerce, ensuring the authenticity of products while bridging the gap between primary and resale markets. Strategic backing from investors such as Foot Locker and prominent venture capital firms underscores its significant presence in the fashion and sneaker industries.

GOAT

Seed Round in 2016
GOAT is a global marketplace specializing in authentic sneakers, apparel, and accessories from contemporary luxury brands. Founded in 2015 by Daishin Sugano and Eddy Lu in Culver City, California, the platform provides users with access to exclusive drops, the ability to make offers on desired items, and a selection that spans from iconic styles of the past to future classics. GOAT operates both online and through thirteen physical locations across the United States, Asia, and Europe, including distribution and authentication centers that serve 170 international markets. The platform features over 350 brands and has built a community of over 20 million members across 164 countries. By leveraging innovative technology, GOAT has transformed sneaker commerce, ensuring the authenticity of products while bridging the gap between primary and resale markets. Strategic backing from investors such as Foot Locker and prominent venture capital firms underscores its significant presence in the fashion and sneaker industries.

GOAT

Series A in 2016
GOAT is a global marketplace specializing in authentic sneakers, apparel, and accessories from contemporary luxury brands. Founded in 2015 by Daishin Sugano and Eddy Lu in Culver City, California, the platform provides users with access to exclusive drops, the ability to make offers on desired items, and a selection that spans from iconic styles of the past to future classics. GOAT operates both online and through thirteen physical locations across the United States, Asia, and Europe, including distribution and authentication centers that serve 170 international markets. The platform features over 350 brands and has built a community of over 20 million members across 164 countries. By leveraging innovative technology, GOAT has transformed sneaker commerce, ensuring the authenticity of products while bridging the gap between primary and resale markets. Strategic backing from investors such as Foot Locker and prominent venture capital firms underscores its significant presence in the fashion and sneaker industries.

Woodstock Of Eating

Angel Round in 2016
Operator of city fairs for young people with music party and food retail. The company provides a space for the young generation with high quality leisure activities. In addition, the company also provides brand consultation services for business.

Songxiaocai

Series A in 2016
Songxiaocai operates a mobile Internet platform that provides vegetable picking and distribution and after-sales service business to business services for small and medium size retailer.

Quri

Series C in 2015
Quri is a retail intelligence company that provides instant visibility into the performance of products and promotions in retail stores. Quri enables brands and retailers to measure and optimize the exact shopper experience, maximizing in-store product revenue and profitability. Quri is powered by a nationwide, on-demand mobile field force of secret shoppers who can be immediately deployed to any retail location in the U.S., providing real-time actionable data and insights to brands and retailers.

The Beast

Series A in 2014
Provider of high-end designer flower box.The company retails luxury lower boxes, enabling users to enjoy exquisite lifestyle.

Itugo

Series A in 2014
Itugo is a social shopping platform based in Hangzhou, China, that specializes in female branded products. Launched in July 2012, the platform enables women to purchase clothing and accessories while browsing the Internet. Itugo distinguishes itself from other social shopping sites by exclusively offering branded merchandise, creating a unique shopping experience for its users. In addition to facilitating purchases, Itugo encourages female consumers to share their shopping experiences, fostering a community-oriented environment.

RT Map

Series A in 2013
RT Map is leading provider of technology for indoor positioning and navigation for Shopping Malls & Airport.

Quri

Series B in 2013
Quri is a retail intelligence company that provides instant visibility into the performance of products and promotions in retail stores. Quri enables brands and retailers to measure and optimize the exact shopper experience, maximizing in-store product revenue and profitability. Quri is powered by a nationwide, on-demand mobile field force of secret shoppers who can be immediately deployed to any retail location in the U.S., providing real-time actionable data and insights to brands and retailers.

ShopAdvisor

Venture Round in 2013
ShopAdvisor enables agencies, brands, retailers, and shopping malls to power mobile, and other digital shopping experiences that drive consumers’ path to purchase in brick-and-mortar locations. The ShopAdvisor intelligence platform continually catalogues millions of data points including contextualized shopper, product and location information and applies deep data analytics to deliver each consumer a uniquely personalized and individualized shopping experience that spans from the point of discovery into the store.

LimeRoad

Series A in 2012
LimeRoad is an online shopping platform based in India that specializes in selling clothing, accessories, and home furnishings for both men and women. The platform features a diverse range of products, including apparel, handbags, footwear, and watches, catering to various tastes and preferences. LimeRoad aims to enhance the shopping experience by offering free shipping and enabling customers to receive their purchases at their convenience. The company positions itself as a modern marketplace that allows users to curate their personal styles and share their creations with others, fostering a sense of community among shoppers.

Weidian Group

Venture Round in 2012
Koudai Shopping is intelligent mobile shopping software which recommends targeted products according to user’s personal style, enabling them to shop on Taobao anytime and anywhere. It offers recommendations of various shops, fashion matching, trendy competitive products, special sales of new arrivals, editor's choice, and more. Koudai Shopping enables users to review shopping comments by fashionable ladies and beauty experts.

Liebo

Series A in 2012
Liebo is a Chinese designer e-commerce brand that specializes in a diverse range of apparel, emphasizing creativity through emotion, movement, and color. Founded in November 2006 by designers Dafeng and Xiaofeng, the company has established itself as an original creative force in the fashion industry. Liebo sells its clothing products both online and through retail stores, catering to a broad audience while promoting innovative designs that reflect contemporary trends. Based in China, Liebo continues to evolve within the competitive landscape of fashion retail.

ihush.com

Series B in 2011
Ihush is an online sales platform offering special sale items (less than 50% discount) from international fashion brands. It has been authorized by the appropriate channels. In Europe, it is a popular sales model where an online on-sale website is managed by a professional shopping website supported by numerous big brands and their products. Consumers can break the limitations of space and location, receiving special offer information and buying favorite items through the network platform. From the end of 2008 to now, this model has been demonstrating substantial growth in China. So far, it has collaborated with over 500 international brands and it provides costumes, bags and suitcases, home appliance, products for infants and mothers, beauty products, tourism packages, and more. The product information is updated at noon every day and the sale for each brand lasts 3 to 7 days.

ihush.com

Series A in 2010
Ihush is an online sales platform offering special sale items (less than 50% discount) from international fashion brands. It has been authorized by the appropriate channels. In Europe, it is a popular sales model where an online on-sale website is managed by a professional shopping website supported by numerous big brands and their products. Consumers can break the limitations of space and location, receiving special offer information and buying favorite items through the network platform. From the end of 2008 to now, this model has been demonstrating substantial growth in China. So far, it has collaborated with over 500 international brands and it provides costumes, bags and suitcases, home appliance, products for infants and mothers, beauty products, tourism packages, and more. The product information is updated at noon every day and the sale for each brand lasts 3 to 7 days.
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