Matrix Shares Naming Update

‍Beginning July 1, 2024, the entities operating under the Matrix name in the US, India, and China will complete a renaming and organizational update to clarify the local approach each of these teams has taken to operating in each of their geographies since inception and the organizational independence of each team. Matrix Partners India will become DZ47, with the brand name of Z47, Matrix Partners China will become MPC, and operations in the US will continue as Matrix, an early-stage venture capital fund with headquarters in Boston and San Francisco.

Each team’s leadership has operated with separate decision-making and separate back offices from inception. The decision to rename is driven by a shared commitment to clarity in the marketplace, responsiveness to regional market dynamics and a continued focus on competing locally, which will benefit each organization’s respective portfolio companies, investors, and partners.