Z47
About Z47
Z47 was founded in 2006 in Bengaluru as Matrix Partners India and took the Z47 name in 2024. The firm reports about $3.5Bn in assets under management, more than 100 investments and 10 unicorns. Ashwin Kannan Pandian, listed as an AI and software investor and Managing Director, leads its AI coverage. Aakash Kumar and Tarun Davda are also listed as Managing Directors on third-party profiles.
Z47 publishes AI research alongside its deals. Its India AI Edge report, produced with OpenAI and Zinnov, surveyed more than 100 Indian enterprises on AI adoption. In AI deals, Z47 led a $12.5M round in Coral, an AI healthcare back-office automation platform, alongside Lightspeed in 2026. It also backed Oolka, an AI agent for consumer finance, from seed through its $14M Series A. Its portfolio listings also include Scalekit, which builds authentication for AI applications, and Neysa, an AI and data platform company.
Z47's own site and third-party profiles describe investing from seed through Series B, and some listings extend to Series C. PitchKit lists a typical check of EUR 1M to EUR 15M, but I could not confirm that figure on the firm's site, so treat it as an unverified estimate.
- Coral: AI healthcare back-office automation; Z47 led a $12.5M round in 2026 with Lightspeed.
- Confido Health: Series A of $13M, led by Z47 (2026).
- Oolka: AI agent for consumer finance; $14M Series A, backed by Z47 from seed.
- Neysa: AI and data platforms; $30M Series A listed in August 2025.
- Scalekit: authentication for AI applications; $5.5M seed (September 2025) and $6.6M Series A (February 2026).
Investing activity
Z47 appears in 2 AI deals tracked by the AI Lounge deals desk, rounds totalling $25M, and led 2 of them. The rounds are mostly Series A and Seed, with a median round size of $13M. The most recent are Confido Health (Series A, $13M, Oct 2026) and Coral (Seed, $12.5M, Apr 2026).
Z47 most often invests alongside Together Fund, Blume Ventures, Justin Saks and Lightspeed Venture Partners, and the companies it backs on AI Lounge are mostly in AI healthcare administration and AI.
Deals
Frequently asked questions about Z47
When was Z47 founded and who runs it?
Z47 was founded in 2006 in Bengaluru as Matrix Partners India and renamed Z47 in 2024. Ashwin Kannan Pandian covers AI and software, and Aakash Kumar and Tarun Davda are listed as Managing Directors.
Does Z47 invest in AI startups at seed stage?
Yes. Z47 lists seed as a core stage and has backed AI companies early, including Oolka and Scalekit, which both appear in its portfolio listings.
What is the Z47 AI portfolio?
Known AI investments include Coral, Confido Health, Oolka, Neysa and Scalekit. Coral and Confido Health are the most recent rounds on the Lounge deals desk.
What is the Z47 fund size?
PitchBook lists Matrix Partners India III as a $300M fund from 2018 managed by Z47. The firm reports about $3.5Bn in total assets under management.
How much does Z47 typically invest per startup?
A PitchKit profile lists a typical check of EUR 1M to EUR 15M. I could not confirm this on the firm's own site, so check directly with the firm before relying on it.
What AI companies has Z47 invested in?
Z47's AI investments include Confido Health and Coral. The 2 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Z47 based?
Z47 is based in Bengaluru, Karnataka, India.
What stage does Z47 invest at?
In the rounds tracked on AI Lounge, Z47 has invested at Series A and Seed, with a median round of $13M. Z47 led 2 of those rounds.
Who does Z47 co-invest with?
Z47's most frequent co-investors on AI Lounge are Together Fund (1 deal), Blume Ventures (1 deal), Justin Saks (1 deal) and Lightspeed Venture Partners (1 deal).
How can founders reach Z47?
Founders on AI Lounge can see Z47'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 Z47 to their Investor Pipeline to track the conversation.