Matrix Partners Closes On Tenth Fund; Raises $450 Million For Early-Stage Investments

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http://techcrunch.com – Matrix Partners just announced the close of Matrix X, the venture firm’s tenth early-stage technology-focused fund. As Fortune’s Dan Primack reported in a scoop in April, the firm raised $450 million for this fund. The fund will be used to make early-stage investments in consumer Internet, mobile, enterprise software and IT infrastructure. Matrix’s portfolio includes Gilt Groupe, HubSpot, JustFab, Zendesk and others. Generally Matrix’s initial investments are between $2 million and $10 million, and on occasion the firm will make seed-stage and later-stage investments. T (IT news)