# Matrix Partners China: portfolio, investments and team > Matrix Partners China is a vc firm based in United States. 294 investments on record, 28 in the last 12 months, latest Oct 2026. Source: https://millionrounds.com/fund/matrix-partners-china-2 (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Matrix Partners China Last cheque observed Oct 2026; 294 cheques on record. Deploying now New fund $92M, Nov 2023 VC firm Growth Seed Series A Artificial Intelligence & Machine Learning (AI/ML) BioTech Healthcare Deploying now **68%** of best year **28** **cheques in 12 months**, 294 on record Since the last cheque **7** days **00** hrs **00** min **00** sec Median round **$15M** Rounds led **0 of 294** Sole investor **59 rounds** Exits **1 from the portfolio** Mostly in **United States, 69%** Pitch Matrix Partners China ## Matrix Partners China highlights - 01 28 cheques in the last 12 months - 02 Mostly Venture and Series A: 55% of its rounds - 03 Sole investor in 59 rounds, median $4.7M - 04 1 exits from the portfolio ## What they do > Filed 1 private fund offering with the SEC, the most recent in 2023-11 From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Growth Seed Series A Series B - **Sectors:** Artificial Intelligence & Machine Learning (AI/ML) BioTech Healthcare - **Based in:** United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **294 appearances** - **2026** 21 rounds - **Oct** **[YITA](https://millionrounds.com/company/yita)** Seed · CN · TechNode **$15M** With 5 others - **Jul** **[Kaon](https://millionrounds.com/company/kaon)** Series B · US **$60M** With 4 others - **Jul** **[Meshy AI](https://millionrounds.com/company/meshy-ai)** Series B · US **$400M** With 3 others - **Jul** **[Tiiny AI](https://millionrounds.com/company/tiiny-ai)** Seed · SG **$3.1M** With 3 others - **Jun** **[Aether AI](https://millionrounds.com/company/aetherai)** Seed · US **$20M** With 2 others - **May** **[Senti Biosciences](https://millionrounds.com/company/senti-biosciences)** Debt · US **$10M** With 4 others - **Apr** **[Spacety](https://millionrounds.com/company/spacety)** Venture · LU **Undisclosed** With 4 others - **Apr** **[Collov Labs](https://millionrounds.com/company/collov-labs)** Series A · US **$23M** With 2 others - **Apr** **[Creao AI](https://millionrounds.com/company/creao-ai)** Seed · US **$10M** With 2 others - **Apr** **[Aureka Biotechnologies](https://millionrounds.com/company/aureka-biotechnologies)** Series A · US **$35M** With 3 others - **Mar** **[Excalipoint Therapetics](https://millionrounds.com/company/excalipoint-therapetics)** Seed · HK **$28M** With 3 others - **Mar** **[Aeroband](https://millionrounds.com/company/aeroband)** Series A **$15M** With 2 others - **Mar** **[Galaxy Bot](https://millionrounds.com/company/galaxy-bot)** Venture **$364M** With 3 others - **Feb** **[iSpace China](https://millionrounds.com/company/ispace-china)** Series D **$728M** With 3 others - **Feb** **[Adlai Nortye](https://millionrounds.com/company/adlai-nortye)** **$140M** With 2 others - **Jan** **[Gongye Technology](https://millionrounds.com/company/gongye-technology)** Venture **Undisclosed** With 2 others - **Jan** **[INMO Glass](https://millionrounds.com/company/inmo-glass)** Venture **Undisclosed** With 1 other - **Jan** **[Alioth](https://millionrounds.com/company/alioth)** Series B **$14M** With 1 other - **Jan** **[Feijiecos](https://millionrounds.com/company/feijiecos)** Seed **$14M** With 1 other - **Jan** **[PAQ Therapeutics](https://millionrounds.com/company/paq-therapeutics)** Series B · US **$38M** With 2 others - **Jan** **[Weiyuan Synthetic Biotechnology](https://millionrounds.com/company/weiyuan-synthetic-biotechnology)** Venture **$43M** With 2 others - **2025** 36 rounds - **Dec** **[Jiajin Biotech](https://millionrounds.com/company/jiajin-biotech)** Venture **Undisclosed** With 2 others - **Dec** **[D3 Bio](https://millionrounds.com/company/d3-bio)** Series B **$108M** With 3 others - **Dec** **[iOranges Automation](https://millionrounds.com/company/ioranges-automation)** Venture **Undisclosed** With 3 others - **Dec** **[Noitom Robotics](https://millionrounds.com/company/noitom-robotics)** Venture **Undisclosed** With 4 others - **Dec** **[KYinno](https://millionrounds.com/company/kyinno)** Series B **$36M** Sole investor - **Dec** **[Snapmaker](https://millionrounds.com/company/snapmaker)** Venture **Undisclosed** With 1 other - **Nov** **[Space Transportation](https://millionrounds.com/company/space-transportation)** Venture **$14M** With 2 others - **Oct** **[Vastai Technologies](https://millionrounds.com/company/vastai-technologies)** Venture **Undisclosed** With 3 others - **Oct** **[GRIT Biotechnology](https://millionrounds.com/company/grit-biotechnology)** Series C **$84M** With 2 others - **Sept** **[Heguang Tongcheng](https://millionrounds.com/company/heguang-tongcheng)** Venture **Undisclosed** Sole investor - **Sept** **[Haoyayi](https://millionrounds.com/company/haoyayi)** Venture **Undisclosed** Sole investor - **Sept** **[Neptune Robotics](https://millionrounds.com/company/neptune-robotics)** Series B **$52M** With 2 others - **Sept** **[Ennovabio](https://millionrounds.com/company/ennovabio)** Venture **Undisclosed** With 1 other - **Sept** **[LeXiang Intelligence](https://millionrounds.com/company/lexiang-intelligence)** Pre-seed **$28M** With 3 others - **Sept** **[Lightelligence](https://millionrounds.com/company/lightelligence)** Series C · US **$210M** With 6 others - **Sept** **[Ronovo Surgical](https://millionrounds.com/company/ronovo-surgical)** Series D **$67M** With 2 others - **Aug** **[XINGYUN GROUP](https://millionrounds.com/company/xingyun-group)** Venture **Undisclosed** With 5 others - **Aug** **[SpeedBot](https://millionrounds.com/company/speedbot)** Series B **$14M** With 1 other - **Aug** **[Yuan Planet](https://millionrounds.com/company/yuan-planet)** Venture **Undisclosed** With 3 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **6 named** DA **David A Su** Director of the General Partner GP i Filing they signed DA **David A. Zhang** Director of the General Partner GP i Filing they signed HH **Harry Ho Kee Man** Director of the General Partner GP i Filing they signed TA **Timothy A. Barrows** Director of the General Partner GP i Filing they signed XL **Xiaoning Liu** Director of the General Partner GP i Filing they signed YA **Yibo A Shao** Promoter i Filing they signed We also hold **14** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **1+** funds on file numbered funds in its name ## Exits from the portfolio Companies it backed that were later bought or listed **1 in all** **[MoboTap](https://millionrounds.com/company/mobotap)** Bought by [ChangYou](https://millionrounds.com/fund/changyou) **$91M** Jul 2014 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$92M** raised in Nov 2023 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Growth Seed Series A Median round joined **$15M** the round, not its cheque Alone, median **$4.7M** Led 0 of 294 rounds **0%** - **Sole investor:** 59 rounds - **Last cheque:** Oct 2026 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Venture *76* - Series A said *74* - Series B said *65* - Series C *22* - Seed said *18* - Series D *18* - Growth said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [HSG](https://millionrounds.com/fund/hsg) 29 - [Matrix](https://millionrounds.com/fund/matrix) 21 - [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) 19 - [ZhenFund](https://millionrounds.com/fund/zhenfund) 19 - [IDG Capital](https://millionrounds.com/fund/idg-capital) 17 - [5Y Capital](https://millionrounds.com/fund/5y-capital) 14 **Pitching Matrix Partners China?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Matrix Partners China. A count of rooms they were both in, not a relationship either has claimed. [**HSG** VC firm **29** rounds together](https://millionrounds.com/fund/hsg)[**Matrix** Hedge fund **21** rounds together](https://millionrounds.com/fund/matrix)[**Qiming Venture Partners** VC firm **19** rounds together](https://millionrounds.com/fund/qiming-venture-partners)[**ZhenFund** VC firm **19** rounds together](https://millionrounds.com/fund/zhenfund)[**IDG Capital** Private equity **17** rounds together](https://millionrounds.com/fund/idg-capital)[**5Y Capital** VC firm **14** rounds together](https://millionrounds.com/fund/5y-capital)[**Shunwei Capital** VC firm **13** rounds together](https://millionrounds.com/fund/shunwei-capital)[**Source Code Capital** VC firm **13** rounds together](https://millionrounds.com/fund/source-code-capital)[**Tengxun Touzi** VC firm **13** rounds together](https://millionrounds.com/fund/tengxun-touzi)[**K2VC** VC firm **12** rounds together](https://millionrounds.com/fund/k2vc)[**Legend Capital** VC firm **12** rounds together](https://millionrounds.com/fund/legend-capital)[**Hill House Capital** Family office **10** rounds together](https://millionrounds.com/fund/hill-house-capital) ## Recently backed The latest companies Matrix Partners China put money into. [**Kaon** $60M · Jul 2026](https://millionrounds.com/company/kaon)[**Aether AI** $20M · Jun 2026](https://millionrounds.com/company/aetherai)[**Senti Biosciences** $10M · May 2026](https://millionrounds.com/company/senti-biosciences)[**Spacety** Apr 2026](https://millionrounds.com/company/spacety)[**Collov Labs** $23M · Apr 2026](https://millionrounds.com/company/collov-labs)[**Creao AI** $10M · Apr 2026](https://millionrounds.com/company/creao-ai) ## Quick answers about Matrix Partners China ### What does Matrix Partners China invest in? Matrix Partners China invests most often at Venture and Series A (55% of the rounds on record), in sectors such as Artificial Intelligence & Machine Learning (AI/ML), BioTech and Healthcare. ### How active is Matrix Partners China? 294 investments on record, 28 of them in the last 12 months. The most recent was in Oct 2026. ### What has Matrix Partners China invested in recently? Its most recent investments on record: YITA (Seed, Oct 2026), Kaon (Series B, Jul 2026) and Meshy AI (Series B, Jul 2026). ### How big are Matrix Partners China's cheques? The median round it joins is $15M. ### Does Matrix Partners China lead rounds? Rarely, if at all: none of its 294 investments on record names it as the lead. ### Where does Matrix Partners China invest? Most of the companies it backs are in the United States (69%), China (8%) and Singapore (8%). ### Is Matrix Partners China investing now? Yes: it is actively investing, with 28 investments in the last 12 months. ### Who does Matrix Partners China invest alongside? Most often HSG (29 rounds together), Matrix (21 rounds together) and Qiming Venture Partners (19 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. 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