Matrix Partners, established in 1977 and headquartered in Boston and San Francisco, entered the Chinese market in 2008.

American venture capital firm Matrix Partners is rebranding its India unit to DZ47 while its China arm, Matrix Partners China, will be renamed MPC, effective July 1.

The rebranding is to highlight the local operational strategies and organizational independence of each regional unit, the company said.

The Chinese arm of Matrix Partners told Caixin Monday that its operation and decision-making process have been independent since its inception. The unit, which will still operate under its existing Chinese name, said the logo change does not affect its structure or operations.