Z47 (formerly Matrix Partners India)
Multistage venture firm focused on India; HQ Bangalore + Mumbai. Rebranded from Matrix Partners India to Z47 in 2024 after splitting from the global Matrix Partners brand. SaaS-heavy; notable portfolio: Atomicwork, Rocketlane, MoEngage, Toddle.
Atomicwork Relevance
- Co-led Atomicwork’s seed ($11M, Sep 2023) with Blume Ventures.
- Re-upped at seed extension ($3M+, Sep 2024).
- Co-led Series A ($25M, Jan 28, 2025) with Khosla Ventures.
- Deal partners on Atomicwork:
- Pranay Desai — then Principal at seed (now MD at Z47); Series A co-lead.
- Vikram Vaidyanathan — Managing Director; double-down at Series A. Public LinkedIn: “Excited to double down on our investment here and recommit to your vision of AI Agents for IT teams!”
- Pranay Desai verbatim on Atomicwork Series A: “Atomicwork has built a remarkable team and proven technology, and we’ve witnessed firsthand how they’re transforming IT service management for global businesses.”