On Thursday, they announced the closing of a $300 million inaugural fund. Hsieh told TechCrunch it’s considered one of the largest “first funds” raised in 2023.
Matter Venture Partners raises $300M first fund to invest in ‘hard tech’
Matter Venture Partners. . . had backing from Kleiner Partners and Taiwanese chipmaker TSMC.
Hsieh was a longtime KPer, having been there for 17 years; Huang had been there four years.
With a passion for what they call “hard tech,” Hsieh invested in companies like
- MicroLED display technology company LuxVue, acquired by Apple;
- Amprius, which makes high-energy density lithium-ion batteries;
- Drone maker DJI; and
- 3D printing company Desktop Metal, which went public via SPAC in 2020.
“But to our surprise, it went really well for us. We closed $300 million last year, in its entirety, and were significantly oversubscribed.”
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Matter Venture Partners raises $300M first fund to invest in ‘hard tech’
Matter Venture Partners will invest in between 15 and 20 companies with the new fund in the area of „hard tech.”
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