Matrix Partners closes India-focused venture capital fund

US venture capital fund raises India dedicated fund of $150 million to focus on early stage investing in consumer service businesses.

US based venture capital firm Matrix Partners announced on August 1 that it had closed a $150 million dedicated India fund.

Matrix Partners was founded by Paul Ferri. Ferri started his first firm, Hellman Ferri, in 1977 with a partner, Hellman then five years later around the time Hellman left, the firm was renamed Matrix. The current focus on technology and early stage investing was intensified from 1990 onwards. Matrix currently invests in companies in software, communications equipment, semiconductors, storage,...

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