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Matrix Capital Management is a prominent investment firm and hedge fund founded in 1999 by David Goel and Paul Ferri. Headquartered in Waltham, Massachusetts, the firm specialized in concentrated, technology-focused investments, with a particular emphasis on life sciences, biotechnology, and artificial intelligence. Matrix was a significant backer of several high-profile biotech companies, including Adaptive Biotechnologies, Zentalis Pharmaceuticals, and Aura Biosciences. In August 2024, the firm announced it would wind down operations and return capital to investors following health issues faced by its founder, David Goel.
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