Exponent Capital

Venture Capital

Exponent Capital is a Venture Capital firm based in New York, United States.

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
AUM
$125.0M
Portfolio Companies
14
Total Investments
16
Last Investment
Jul 2026
Geographic Focus
Europe, North America
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Indexed holds 14 portfolio companies and 16 funding rounds for this investor. The full record is or through the API.

Investment Thesis

Thematic, customer-driven investing in opinionated outlier founders across vertical AI, healthcare, fintech/payments, infrastructure, and security from inception to Series A.

It was founded in 2021. It has made 16 investments. Its portfolio includes Artie, Codes Health and Artie. Focus areas include Artificial Intelligence and Fintech.

Portfolio14

Co-investors24

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24 co-investors across 38 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×21 · Accelerator ×1 · Corporate VC ×1 · 35 shared rounds

Investment History

Data from Indexed.vcUpdated

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Exponent Capital on Indexed.vc
<a href="https://indexed.vc/investors/exponent-capital"><img src="https://indexed.vc/api/badge/investor/exponent-capital" alt="Exponent Capital on Indexed.vc" width="260" height="76" /></a>