Matthew Hartman is Founder and Managing Partner at Factorial Capital, an early-stage venture capital firm focused on backing technical founders building frontier AI startups. He partners with proven engineers from companies like Venmo, Giphy, and Hugging Face to identify exceptional technical teams.

Matthew spent nearly a decade as General Partner at Betaworks Ventures, where he was the first investor in Hugging Face and backed Anchor (acquired by Spotify). He previously founded ReferBoost, a real estate tech platform licensed to Apartments.com, and built technology platforms at CBRE.

Matthew holds a BA in Cognitive Science from the University of Pennsylvania and an MBA plus Masters of Engineering Management from Northwestern's Kellogg School of Management. He holds Patent #8189781 for digital image protection technology.

Factorial Capital closed its $25 million Fund II in December 2025, more than doubling its debut $10 million fund. The firm's portfolio includes Modal (valued over $1 billion), Factory AI, Pika, Causal Labs, and White Circle, with follow-on rounds led by Sequoia, a16z, Lux, and Lightspeed.

Factorial's Fund I produced ten portfolio companies valued at least five times the firm's entry price within two years. The firm pioneered a Citadel-inspired distributed sourcing model that splits 20% carried interest evenly between the GP and technical sourcing partners.