Exponent Founders Capital, a NYC-based early stage venture capital firm, launched and disclosed it has raised $125M to date.
The raise included a new $75M Fund II vehicle that will be deployed across promising inception and early stage companies spanning enterprise software, fintech and payments, infrastructure, applied AI, and vertical SaaS throughout the U.S., Canada, and Europe. It was subscribed primarily by nonprofit endowments and hospitals, with limited partners including Carnegie Mellon University, Cook Children’s Health Care System, LGT Capital Partners, Next Legacy Partners, and others.
Co-founded in 2021 by Charley Ma and Mahdi Raza, Exponent Founders Capital is a venture capital firm that takes a thematic driven approach towards investing in early-stage founders and companies across enterprise software, fintech + payments, infrastructure, applied AI, and vertical SaaS.
Ma and Raza teamed up to scale their impact as generalist, thesis-driven, and long-term investors motivated to help startup teams cross the growth chasm from $0 to $100M+ and beyond in revenue, with early Fund I breakouts such as Apollo, Chronosphere, EvenUp, and more.
Ma brings fintech and B2B software expertise to his investing approach from years of experience as an operator. He was one of the first business hires at Plaid where he led the fintech and developer sales vertical in San Francisco and was instrumental in building out the company’s New York office. Later, Ma was one of the first business hires at Ramp and helped launch the fastest growing corporate card built for savings as head of growth. He was most recently the head of growth at Alloy, an identity and risk infrastructure platform for financial institutions, and started his career at JPMorgan in R&D and payments.
Raza comes from a background in growth, advising, and investing across various early-stage fintech and enterprise software companies. He became an operator after roles in fintech and technology investment banking at Evercore and investing at GIC. Raza then built across growth, payments, and scaling at Robinhood through rapid growth from early days into a public company before joining Stytch to lead early growth. He leverages years of experience honing growth and product fundamentals in his relationships with founders.