z21 Ventures has raised $20 million in the first close of its second fund. The early-stage venture capital firm was founded in 2022 by Abhinav Shashank and Raj Shekhar Singh. Shashank is the cofounder and CEO of healthcare-focused software-as-a-service (SaaS) unicorn Innovaccer.
Singh is a former Innovaccer executive. z21 Ventures operates as a collective of Indian-origin tech executives based in the US. The firm focuses on early-stage investments in sectors such as SaaS, artificial intelligence, and healthcare technology.
“Our mission at z21 Ventures is to support innovative startups that have the potential to disrupt industries and create significant value,” said cofounder Raj Shekhar Singh.
z21 Ventures raises new fund
The funds raised will be used to back pre-seed and seed-stage startups.
z21 Ventures has a particular interest in those founded by Indian-origin entrepreneurs. The VC firm aims to provide strategic guidance, operational support, and access to a vast network of industry connections. The founders of z21 Ventures bring a wealth of experience and a track record of success in the tech industry.
Shashank’s involvement with Innovaccer has positioned him as a prominent figure in the SaaS space. Singh, having held key roles at Innovaccer, brings valuable insights into scaling startups. With the fresh capital, z21 Ventures is well-positioned to expand its portfolio.
The firm looks forward to identifying and partnering with visionary founders who are building transformative technologies.
