MPC (formerly Matrix Partners China) is a Beijing-based venture capital firm founded in 2008 as the China investment arm of Matrix Partners. It focuses on early-stage and early growth deals in China's new economy, deep technology, industrial digitalization, healthcare, and frontier technology sectors.
Deal activity decreased year-over-year (1 deal in the last 12 months vs 3 prior). Average disclosed round size is $90.9M (across 77 rounds with reported amounts).
Portfolio
75
Fund Size
$1.6B
Top Stage
Series B
Last 12 Mo
1
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
108 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| KKnowin Intelligence | Unknown | — | Aug 2026 |
| IInverse Matrix | Seed | $100M | Jan 2026 |
 Meshy | Series B | $400M | Jan 2026 |
| RRonovo | Series D | $67M | Sep 2025 |
 Ronovo Surgical | Series D | $67M | Sep 2025 |
| WWeimai | Series D | $27.3M | Jan 2025 |
 Aureka Biotechnologies | Series A | $100M | Jan 2025 |
 D3 Bio | Unknown | $62M | Apr 2024 |
 Grit Bio | Series B | $60M | Sep 2023 |
 NebulaGraph | Series A | — | Sep 2022 |
 Ucello Therapeutics | Series A | $25M | Feb 2022 |
 Logseq | Seed | $4.1M | Jan 2022 |
 DP Technology | Series B | $100M | Jan 2022 |
 MetaX | Series A | $154M | Aug 2021 |
 Bota Bio | Series B | $100M | Jul 2021 |
 Linkedcare | Series D | $100M | Jun 2021 |
| RRgenta | Seed | — | May 2021 |
 OnQuality | Series A | $20M | Mar 2021 |
 Triastek | Series B | $100M | Jan 2021 |
 ODA Class | Series B | $500K | Jan 2021 |
| BBota Biosciences | Series B | $100M | Jan 2021 |
 Beisen | Series F | $260M | Jan 2021 |
 Joes Future Food | Pre-Seed | — | Jan 2021 |
 Nextdata | Series D | $135M | Jan 2021 |
| XXgimi | Unknown | $185M | Jan 2021 |
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Top Co-Investors
Matrix Partners24 shared
HongShan17 shared
Source Code Capital13 shared
Sequoia Capital11 shared
IDG Capital11 shared
Luminous Ventures10 shared
LAV10 shared
5Y Capital8 shared
GGV Capital7 shared
Hillhouse Investment7 shared
Warburg Pincus LLC7 shared
GL Ventures7 shared
Lightspeed Venture Partners6 shared
China Growth Capital6 shared
Ant Group5 shared
SIG Asia Investment5 shared
SoftBank Investment Advisers5 shared
Morningside4 shared
Yunqi Partners4 shared
Sherpa Healthcare Partners4 shared
Last updated: 20 October 2026