Matrix

Today we’re happy to welcome Mevo to the Matrix portfolio, with the announcement of their $19M Series B. The round was led by TJ Parker, who’ll join the board. Mevo is exactly the kind of outside-the-box investment in deeply niche founders that we love at Matrix. The backstory: until very recently, the pharmacy system in Brazil was entirely paper prescriptions—archaic, bad user experience, no data insight. Since 2017, Mevo has worked to bring digital prescriptions to Brazil. Once a customer has a Mevo e-prescription, they can buy medications with just three clicks and receive it via delivery in ~60 minutes from the pharmacy of their choice. In 2024, Mevo will serve 10M+ patients across Brazil and they’re integrated with 250 health information, electronic medical record, telemedicine, and healthcare providers. As TJ told Endpoints News: “What most attracts me to companies in this space is folks that have both figured out these very complicated, nuanced solutions that are really integrated into the ecosystem, but also built something that’s really compelling for consumers.” Thanks to Ngai Yeung for the thoughtful coverage. Congrats Pedro Dias and team!

The Matrix-backed Afterpay team is at it again with the launch of Reshop. Reimagining the refund/return experience in e-commerce with the application of powerful risk management capabilities. Faster refunds for consumers and more revenue for merchants. A win-win! https://lnkd.in/g4Mm-BnQ

The Matrix-backed Afterpay team is at it again with the launch of Reshop. Reimagining the refund/return experience in e-commerce with the application of powerful risk management capabilities. Faster refunds for consumers and more revenue for merchants. A win-win! https://lnkd.in/g4Mm-BnQ

New post: 💰 "How to make money selling money" The canonical startup advice of "make something people want" doesn't apply to fintechs, who are ultimately in the business of pricing risk and "selling money". Read the full post in the comments 👇

I’m excited to announce that I’ve led a $20M Series A investment into Rainforest on behalf of Matrix and joined the board. Rainforest enables software platforms to offer and monetize exceptional embedded payment experiences for end users. I'm thrilled to partner with Joshua Silver to build the payments product we all wished we had for so long! Links to more info in the comments.

Have been blown away by the ability and execution of Sailesh Kumar and the team at Baya Systems. The complexity of modern chip fabrics - integral to any chip of any complexity - is staggering, and to deliver such a critical product at this speed and quality is amazing. Congrats on finally telling the world what you're up to!

Since I moved here a year ago, New York's talent density and startup ecosystem have continued to beat my expectations. I enjoyed celebrating this amazing community with 120+ operators and investors at our annual Matrix NYC cocktail party. The gorgeous spring sunset over the NYC skyline wasn't the worst backdrop!

Today Matrix is sharing our new website and brand identity. We’ve been in business for nearly a half century and tend to take on redesign projects sparingly, so it is with great pride that the team and I wanted to briefly reflect on our motivation. Our firm is rooted in partnering well through our conviction and steadiness.  We were, are, and will be an early-stage venture capital firm: investing first from idea through Series A. Our team is small and we’re all former founders and company builders. We make fewer investments than the vast majority of firms and we prioritize working closely with our existing portfolio. We believe our new brand identity reflects these core values. We’re proudly understated and seek to surround ourselves and be influenced by creative and effective visionaries. In stripping our website down to its essence, we hope to feature the founders and companies that got us here. And in choosing a brand identity centered on a digital plane and a welcoming logo, we hope the the next generation of bold founders will continue to find their way to our door at matrix.vc