Matter Venture Partners Closes $450 Million Fund II

Insider Brief

• Matter Venture Partners has closed its second fund at $450 million to back early-stage HardTech startups across areas including semiconductors, robotics, AI infrastructure, quantum computing and advanced manufacturing.
• The fund follows Matter’s 2023 launch and will draw on a network of strategic limited partners including ASML, TSMC, Quanta Computer, Nitto Denko and the Development Bank of Japan.
• Matter’s portfolio includes startups working on robotics, AI data center infrastructure, chip design, Physical AI and low-power processors, with several portfolio companies announcing major financing, commercial or exit milestones.

PRESS RELEASE — Matter Venture Partners today announced the close of its second fund at $450 million. The fund will go towards backing early-stage HardTech startups across semiconductors, robotics and Physical AI, AI infrastructure, quantum computing, advanced manufacturing, energy building blocks, and AI for the advancement of science.

HardTech has attracted rapidly growing interest from investors as AI drives huge demand for faster chips, more efficient computing, greater data-center capacity, and intelligent machines that can operate reliably in complex, real-world environments. Yet building these companies requires more than just capital. It requires judgment, relationships shaped by years of experience, and all the lessons learned along the way. HardTech founders have to simultaneously navigate technical development, manufacturing, supply chains, commercialization and customer delivery and services. Matter Venture Partners was established in 2023 to provide the ecosystem and support to address these specific challenges.