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Print Edition StoriesMatrix Partners is doubling down on China and India with $650 million in new capital to invest in the developing economies, the Waltham venture capital firm reported today.
Matrix announced the close of its $350 million Matrix Partners China II and $300 million Matrix Partners India II. The two funds bring the firm’s assets under management in China to $650 million, and in India to $600 million.
In a statement, managing partner Timothy Barrows said the firm continues to be “very excited about the scale of opportunity in China and India.” He cited growth and the continuing “enormous need” for new products and services.
Matrix invests locally in such companies as daily deal service firm BuyWithMe; marketing automation software company HubSpot Inc.; music technology firm The Echo Nest Inc.; data governance software firm Kalido Inc.; and e-discovery firm Digital Reef Inc., among several others.
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