Exponent Founders Capital, an early-stage venture capital firm established by former Plaid and Robinhood employees, has successfully raised $75 million to support investments in a variety of sectors, including fintech.
To date, Exponent Founders Capital has accumulated $125 million, which includes the newly launched Fund II that will target companies across enterprise software, fintech and payments, infrastructure, applied AI, and vertical SaaS in the US, Canada, and Europe.
The fundraising round was oversubscribed, with strong interest from nonprofit endowments and hospitals, featuring limited partners such as Carnegie Mellon University and Cook Children’s Health Care System.
Founded in 2021 by Charley Ma and Mahdi Raza, the New York-based firm aims to act as long-term investors, helping startup teams transition from $0 to over $100 million in revenue. Charley Ma, who previously held roles at Plaid, Ramp, and Alloy, emphasizes their commitment to leveraging their extensive experience to provide significant support to founders on their growth journey.
For more insights on the payments landscape, visit NextGen Nordics on April 23, 2024.