Exponent Capital
Venture Capital
Exponent Founders Capital (now Pathlight Ventures) is a New York-based early-stage venture capital firm co-founded by Charley Ma (ex-Plaid, Ramp) and Mahdi Raza (ex-Robinhood, Stytch). Thesis-driven approach investing in enterprise software, fintech, infrastructure, applied AI, and vertical SaaS.
Pre-Seed
Seed
Early Stage
Artificial Intelligence
Fintech
Infrastructure
SaaS
- Headquarters
- New York, United States
- Founded
- 2021
- Website
- pathlight.vc
- AUM
- $125.0M
- Portfolio Companies
- 2
- Last Investment
- Jan 2026
- Geographic Focus
- Europe, North America
Investment Thesis
Thematic, customer-driven investing in opinionated outlier founders across vertical AI, healthcare, fintech/payments, infrastructure, and security from inception to Series A.
Portfolio2
Investment History
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