Matter Venture Partners

Matter Venture Partners describes itself as a hands-on venture firm built to support founders developing technologies that matter most, in the actual world. Its slogan is "We Accelerate HardTech." The About page defines HardTech as hardcore science and engineering that combines hardware and software, and it points to semiconductors, batteries, displays, sensors, robotics, artificial intelligence and electrification as examples. It says startups in this field need more than capital, and lists three kinds of help: getting customers early, building sustainable business models, and arranging supply chain and manufacturing partnerships.^[1],[2]

The firm says it has assembled a group of strategic limited partners, the same kind of companies that enabled the fabless model for semiconductors and the rise of cloud computing, to act as a manufacturing and technology scale-up supply chain for its startups. The homepage carries a statement attributed to Kevin Zhang, a senior vice president at TSMC, saying TSMC looks forward to collaborating with the firm. The site does not say whether TSMC is itself a limited partner. It lists headquarters in Silicon Valley and Los Angeles, with a presence in Taiwan and Japan. No page we read states a typical check size or preferred stage.^[2],[1]

The About page says its people have been doing this for nearly two decades as founders and as VCs at Kleiner Perkins. It says that in that work it helped companies create what it calls the world's most efficient fuel cells, the most power-efficient chips and the most capable drones. The site says "we" without naming which partners that covers, and no page we read gives a founding year for the firm.^[2],[3]

A Form D/A for Matter Venture Partners Fund I, L.P., signed 2024-03-28, gives 2023-05-18 as the date of first sale. That is the earliest fundraising date we could source for the firm, so we treat it as the start of its institutional investing rather than a founding date.^[4]

Two SEC filings describe the funds. The Fund I filing lists a total offering amount of $300,000,000, all of it sold, with 75 investors. A Form D/A for Matter Venture Partners Fund II, L.P., signed 2026-08-31, gives 2025-12-23 as the date of first sale. The Fund II filing lists a total offering amount of $450,000,000, all of it sold, with 151 investors. The firm's news page carries the headline "Matter Venture Partners Closes $450 Million Fund II." The filings report amounts sold and the number of investors; they say nothing about performance, and the firm's site gives no limited partner names.^[4],[5],[6]

Wen Hsieh is the founding managing partner and signs the SEC filings as managing member of the general partner. Haomiao Huang is a founding partner, and Mike Ichiriu is a venture partner. Brock Csira, Meaghan O'Neill and Alex Zhang are listed as investors. The team page carries no biographies, so we do not describe prior careers beyond the firm's general reference to Kleiner Perkins.^[3],[5]

The first companies listed on the portfolio page are Ambiq Semiconductors, Oura, Rhoda AI Robotics, Volta, ChipAgents, Path Robotics, Anvil Robotics, Biostate.AI, CesiumAstro and Eridu; the page has a "Load More" control, so this is a partial list, and the homepage also shows Lumafield and Kargo. The pages do not state the firm's role, stage or check size for any of them.^[7],[1]

Pulse 2.0 reported on Oct 10, 2026 that VEIR raised an oversubscribed $110 million Series C, and that the round was co-led by Matter Venture Partners and Tyche Partners. The article says other investors in the round included LG Technology Ventures, Gates Frontier, Sabanci Climate Ventures and Hui Capital.^[8]

Reuters, carried on Yahoo Finance, reported that Matter Venture Partners led the funding round for TYLSemi, with participation from Viola Ventures, GHOVC and Egis Technology. The firm's own news page carries the headline "TYLSemi raises $43 million to create building blocks of custom AI chips."^[9],[6]

A Business Wire release carried on Yahoo Finance says Volta completed a seed round and a Series A valuing it at $2.4 billion. It was led by Azora, Andreessen Horowitz, Altimeter and NVIDIA, with participation from strategic investors including the family office of Michael Dell and Matter Venture Partners, so the firm took part rather than led. The firm's news page headline for the launch cites a $10 Billion AI Lab Partnership and a $5 Billion AI Infrastructure Program. Its news page also carries a headline that HII signed an agreement worth up to $900M with Path Robotics and GrayMatter Robotics, and another saying ChipAgents expanded its Series A funding to $134 Million.^[10],[6]