Matrix Partners XI, L.P. is a venture capital fund based in Cambridge, Massachusetts. According to its most recent Form D, filed Jun 20, 2018, it has sold $450,000,000 of interests to 52 investors since its first sale in Jun 2018. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include David Skok; Andrew Verhalen; Ilya Sukhar.
- Total raised
- $450,000,000Cumulative sales reported on Form D
- Investors
- 52
- First sale
- Jun 8, 2018
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- David Skok; Andrew Verhalen; Ilya Sukhar
- Latest Form D
- Jun 20, 2018
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Matrix Partners XI, L.P.
What is the minimum investment for Matrix Partners XI, L.P.?
Matrix Partners XI, L.P.'s latest Form D, filed Jun 20, 2018, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Matrix Partners XI, L.P.?
Matrix Partners XI, L.P. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Matrix Partners XI, L.P. raised?
Matrix Partners XI, L.P. reports $450,000,000 sold from 52 investors on its Form D filed Jun 20, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Matrix Partners XI, L.P. based?
Matrix Partners XI, L.P. is based in Cambridge, Massachusetts.
When did Matrix Partners XI, L.P. launch?
Matrix Partners XI, L.P. reports its first sale in Jun 2018.
Size compared with every venture capital fund
Raised more than 99% of the 531 venture capital funds based in Massachusetts, and more than 100% of all 14,865 that report sales.