Matter Venture Partners
About Matter Venture Partners
Matter Venture Partners is a U.S.-based venture capital firm founded in 2023 and headquartered in Palo Alto, California. The firm specializes in early-stage investments in hardtech startups, focusing on technologies that have a real-world impact. Matter Venture Partners aims to support founders developing innovations in areas such as artificial intelligence and semiconductors, where traditional software-focused venture capital may not suffice.
The firm emphasizes accelerating hardtech development by utilizing deep operational expertise and industry relationships. Matter Venture Partners close
Matter Venture Partners launched in 2023. Its founding partners are Wen Hsieh (Founding Managing Partner), Haomiao Huang (Founding Partner) and Mel Tang (Founding Operating Partner and CFO). Hsieh spent 17 years at Kleiner Perkins, where he led the HardTech practice as a General Partner. Huang is a repeat founder and engineer who invested alongside Hsieh at Kleiner Perkins. Tang was previously CFO at Ring and Demand Media. Fund I was $300M, with a closing date of March 2024 listed by CB Insights. Fund II closed at $450M, announced September 16, 2026. Strategic limited partners include ASML, TSMC, Quanta Computer, Nitto Denko and the Development Bank of Japan.
Matter treats AI as a hardware problem. Fund II targets semiconductors, robotics and Physical AI, AI infrastructure, quantum computing, advanced manufacturing, energy building blocks, and AI for the advancement of science. Huang has said, "If AI is going to eat the world, hardware will be its teeth." The firm says its partners are former founders and operators. It also supports portfolio companies through operating partners, advisors and limited partners in the U.S., Taiwan, Japan, Europe, Singapore, the Middle East, South Korea and Mexico. Recent AI-related rounds include leading TYLsemi's AI infrastructure chiplet seed, co-leading VEIR's Series C for data center power, and leading Anvil Robotics' Physical AI seed.
Matter describes itself as an early-stage investor. The firm has not published a check size policy. NFX Signal lists a range of $2M to $50M with a $25M sweet spot for its investors. Treat that as a third-party estimate. Recent rounds it led or co-led ran from a $5.5M seed (Anvil Robotics) to a $110M Series C (VEIR). It has also taken part in later rounds, such as Dexterity's Series C extension.
- VEIR: superconducting power delivery for data centers. $110M Series C in 2026, co-led with Tyche Partners.
- TYLsemi: standards-based chiplets for AI infrastructure silicon. $43M seed in 2026, led by Matter.
- Anvil Robotics: Physical AI and robotics tools. $5.5M seed in April 2026, led by Matter.
- Dexterity: robotics company. Hsieh and Huang co-led an earlier investment. Matter took part in its Series C extension in June 2026.
- OpenLight: photonics for chip design. $50M Series A-1 in April 2026, led by Matter.
- finance.yahoo.com/technology/articles/matter-venture-partners-closes-4
- thequantuminsider.com/2026/09/16/matter-venture-partners-closes-450-mi
- dfdf.vc/insights/why-we-invested-in-matter-venture-partners
- signal.nfx.com/firms/matter-venture-partners
- cbinsights.com/investor/matter-venture-partners
- crunchbase.com/organization/tylsemi
- pulse2.com/veir-raises-110-million-series-c-co-led-by-matter-venture-p
Investing activity
Matter Venture Partners appears in 3 AI deals tracked by the AI Lounge deals desk, rounds totalling $153M, and led 3 of them. The rounds are mostly Seed and Series C, with a median round size of $43M and the largest at $110M. The most recent are VEIR (Series C, $110M, Oct 2026), TYLsemi (Seed, $43M, Jul 2026) and Anvil Robotics (Seed, $5.5M, Apr 2026).
Matter Venture Partners most often invests alongside Tyche Partners, LG Technology Ventures, Galvanize Climate Solutions and Congruent Ventures, and the companies it backs on AI Lounge are mostly in AI and AI data center power infrastructure.
Deals
Frequently asked questions about Matter Venture Partners
Who founded Matter Venture Partners?
Wen Hsieh, Haomiao Huang and Mel Tang founded the firm in 2023. Hsieh is Founding Managing Partner and previously led the HardTech practice at Kleiner Perkins.
How big are Matter Venture Partners' funds?
Fund I was $300M. Fund II closed at $450M in September 2026.
Does Matter Venture Partners invest in AI startups?
Yes, mainly where AI meets hardware. Its focus areas include AI infrastructure, semiconductors, robotics and Physical AI, and AI for science. It led TYLsemi's seed round and Anvil Robotics' seed round.
What check size does Matter Venture Partners write?
The firm has not published one. NFX Signal estimates $2M to $50M per investment, with a $25M sweet spot. Its recent lead rounds range from $5.5M to $110M.
What is in the Matter Venture Partners portfolio?
Companies include VEIR, TYLsemi, Anvil Robotics, Dexterity and OpenLight. CB Insights counts 34 investments in total.
What AI companies has Matter Venture Partners invested in?
Matter Venture Partners's AI investments include VEIR, TYLsemi and Anvil Robotics. The 3 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Matter Venture Partners based?
Matter Venture Partners is based in San Francisco, California, United States.
What stage does Matter Venture Partners invest at?
In the rounds tracked on AI Lounge, Matter Venture Partners has invested at Seed and Series C, with a median round of $43M. Matter Venture Partners led 3 of those rounds.
Who does Matter Venture Partners co-invest with?
Matter Venture Partners's most frequent co-investors on AI Lounge are Tyche Partners (1 deal), LG Technology Ventures (1 deal), Galvanize Climate Solutions (1 deal), Congruent Ventures (1 deal) and VXI Capital (1 deal).
How can founders reach Matter Venture Partners?
Founders on AI Lounge can see Matter Venture Partners's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Matter Venture Partners to their Investor Pipeline to track the conversation.