Investor Profile: MPC (formerly Matrix Partners China) — Thesis, Cheque Size & How to Apply

If you are raising capital and researching how to get funding from MPC (formerly Matrix Partners China), this profile is your starting point. MPC is a Seed, Series A, Series B, early-growth investor focused on new economy / TMT, deep tech, industrial digitalization, healthcare, frontier tech, consumer brands, SaaS, B2B, with US$9.6 billion in AUM (2024, reported figure); Fund VII closed at $1.6 billion (July 2023, Reuters). Below: its thesis in its own terms, what it looks for, the companies it has backed, and the practical route founders use to get a pitch in front of the team.

MPC funding: the investment thesis

Beijing-based venture firm founded in 2008 as the China affiliate of Matrix Partners; renamed MPC (also cited as MPCi) on 1 July 2024 as part of an organizational update clarifying the regional teams' independence. It focuses on early-stage and early-growth investments across China spanning new-economy sectors, deep technology, industrial digitalization, healthcare, frontier technology, and new consumer brands, and is known for a large portfolio-management team providing value-added services to entrepreneurs.

For founders, the practical read is simple: MPC is not a spray-and-pray shop. Its public positioning centres on new economy / TMT, deep tech, industrial digitalization, healthcare, frontier tech, consumer brands, SaaS, B2B at the Seed, Series A, Series B, early-growth stage level, so a pitch lands only when your company sits squarely inside that mandate. Study the portfolio pattern below before you write the first email.

Cheque size and fund firepower

MPC has publicly disclosed US$9.6 billion in AUM (2024, reported figure); Fund VII closed at $1.6 billion (July 2023, Reuters). That scale tells you two things: the firm can lead rounds rather than only follow, and it has the reserves to support winners in follow-ons. Founders should size their ask to the stage the firm plays at — Seed, Series A, Series B, early-growth stage — rather than to the headline fund number.

Sectors and stages

The firm invests across new economy / TMT, deep tech, industrial digitalization, healthcare, frontier tech, consumer brands, SaaS, B2B, and its sweet spot is the Seed, Series A, Series B, early-growth stage. If your startup sits outside those sectors, this is not your investor — a focused mandate cuts both ways. If you are inside it, you are speaking to a team that sees dozens of comparable companies a year and will benchmark you against them.

Notable portfolio companies

Companies associated with MPC in public sources include:

• XPeng
• Li Auto
• DiDi
• Ele.me
• Momo
• Youzan
• Guazi
• Xgimi

Partners, programs and perks

People named in public sources: David Su (co-founder), David Zhang (co-founder), Bo Shao (co-founder). Founder-to-partner fit matters — find the partner whose portfolio looks most like you.

How to apply for funding

To pitch MPC: unverified (official site is in Chinese; no English-language pitch route verified)

Whichever route you use, lead with the one-line fit: stage, sector, traction. Partners at focused firms triage on mandate fit first and everything else second.