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§ Venture Capital · New York City, NY, USA
Venture capital firm investing in early-stage, high-growth tech & tech-enabled startups in Pakistan: fintech, healthtech, digital platforms.
Key people at 47 Ventures.
47 Ventures is an international venture capital firm based in Lahore, Pakistan, that invests exclusively in early-stage technology and tech-enabled businesses operating within the country. The firm primarily targets seed and Series A funding rounds across various high-growth sectors, including financial technology, health technology, and digital platforms. By acquiring equity stakes in local startups, the fund aims to generate returns through successful exits and acquisitions while providing strategic support to its portfolio. The firm's investment portfolio includes notable Pakistani startups such as Tez Financial Services and Healthwire, the latter of which secured a $3.3 million Series A funding round with 47 Ventures' participation in late 2021. Additionally, the firm achieved a successful exit when its portfolio company Tez Financial Services was acquired by the Swiss fintech corporation ZoodPay in 2022. 47 Ventures was founded in 2016 by Khurram Zafar.
Key people at 47 Ventures.
47 Ventures is Pakistan’s first venture capital fund dedicated exclusively to high-growth, tech-enabled startups. Its mission is to fuel innovation and entrepreneurship by providing early-stage capital and strategic support to companies with scalable business models and disruptive potential. The firm’s investment philosophy centers on backing founders who are building technology-driven solutions for large, addressable markets—both within Pakistan and beyond. 47 Ventures primarily targets sectors such as software, information technology, health tech, wellness, and pharmaceuticals, with a strong emphasis on scalability, innovation, and founder-led execution. By focusing on early-stage ventures, the firm plays a pivotal role in shaping Pakistan’s emerging startup ecosystem, helping to bridge the funding gap and accelerate the growth of homegrown tech talent.
Founded in 2017 and headquartered in Ebene, Mauritius, 47 Ventures was established to address the lack of specialized venture capital for Pakistan’s burgeoning tech sector. The firm was created by a group of investors and entrepreneurs with deep regional expertise and a vision to nurture local innovation. Over the years, 47 Ventures has evolved from a niche fund into a key player in Pakistan’s startup landscape, supporting a growing portfolio of companies that leverage technology for rapid scale and efficient growth. Its early focus on seed and Series A investments has helped it become a trusted partner for founders seeking both capital and mentorship.
47 Ventures is riding the wave of Pakistan’s digital transformation, a trend accelerated by rising internet penetration, a young and tech-savvy population, and increasing government support for innovation. The timing is critical: as global investors look for new opportunities in emerging markets, Pakistan’s tech sector is gaining attention for its untapped potential. 47 Ventures is well-positioned to capitalize on this momentum, acting as a catalyst for job creation, technological advancement, and economic growth. By supporting startups that serve both local and international markets, the firm is helping to put Pakistan on the global tech map and fostering a culture of innovation that could inspire a new generation of entrepreneurs.
Looking ahead, 47 Ventures is poised to deepen its impact as Pakistan’s tech ecosystem matures. The firm is likely to expand its portfolio into new verticals, such as fintech and edtech, while continuing to champion founder-led innovation. As the global venture capital landscape becomes more competitive, 47 Ventures’ specialized focus and deep local expertise will remain key advantages. The firm’s influence will likely grow, not just as a source of capital, but as a thought leader and ecosystem builder. By nurturing the next wave of Pakistani tech startups, 47 Ventures is helping to shape a future where innovation and entrepreneurship drive sustainable economic growth—fulfilling its mission to fuel passion and rear dreams in one of the world’s most dynamic emerging markets.
47 Ventures has 3 tracked investments across 2 companies. The latest tracked deal is $3.0M Series A in Healthwire in December 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 1, 2021 | Healthwire | $3.0M Series A | — | — |
| Jun 1, 2021 | Jeeto Naye Andaz Say | $410K Seed | — | — |
| Oct 1, 2020 | Healthwire | $700K Seed | — | — |
