[Funding News] z21 Ventures Raises $20 Mn Funding  

z21 Ventures, an early-stage venture capital firm, has successfully closed its $40 million second fund by raising $20 million. WestBridge Capital serves as the anchor investor.

z21 Ventures will concentrate on investing in the healthcare, enterprise software, and artificial intelligence sectors during the pre-seed and seed stages of funding. The initial fund of the venture capital firm was $5 million in size and has been entirely allocated to 26 startups.

The venture capital firm's founders are also entrepreneurs. Abhinav Shashank is the CEO and co-founder of Innovaccer, a healthcare-focused SaaS unicorn. Raj Singh was also a member of the leadership staff at Innovate. Sudarshan Ravi Jha is a co-founder of LetsTransport.

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The venture capital firm will consider securing capital from prominent operators and experts who will provide mentorship and assistance to founders.

Raj Singh, Co-founder and Managing Partner, said, “This successful fundraise is a validation of our community-led model and our track record of identifying and supporting promising early-stage companies. We look forward to supporting entrepreneurs to build and scale purposeful companies by bringing the power of community and capital."

About z21 Ventures

Founded in 2022 by Raj Singh, Abhinav Shashank, Jyotika Gupta and Sudarshan Ravi Jha, z21 Ventures Fund will aim to create a large pool of seed-funded technology startups that are ready to disrupt various sectors across the world.

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