Matter Venture Partners

Profile

Matter Venture Partners is a venture capital firm based in Silicon Valley that specifically invests in HardTech companies. The firm was founded by Wen Hsieh and Haomiao Huang, who both have extensive experience in HardTech investing from their time at Kleiner Perkins. The firm's team is noted for its deep operational and technical expertise, which it leverages to support the development and scaling of technologies that have a significant impact on hardware and physical innovation domains such as semiconductors, robotics, and quantum computing.

The firm invests primarily in early-stage companies, from seed to Series A and B funding rounds, with a particular focus on sectors including semiconductors, robotics, physical AI, quantum computing, advanced manufacturing, energy, and AI for science. Matter has established strategic partnerships with several leading industrial players like ASML and TSMC, which not only provide financial backing but also open up supply-chain and market opportunities for portfolio companies. The fund’s total capital under management is increased by the recent $450 million HardTech Fund II.

Matter's notable portfolio companies include Q.ai, which was acquired by Apple, and Rhoda AI, which raised $450 million in a Series A round. Other investments include Path Robotics, Volta, ChipAgents, and Ambiq, the latter completing an IPO. These investments illustrate the firm’s focus on technologies that have wide-reaching applications in the realm of hardware-intensive sectors and its capability to attract substantial capital even at early stages of startups' development.