Exponent Founders Capital Launches a New $75 Million Fund

New York VC firm Exponent Founders Capital has launched a new $75 million fund. The firm came out of secrecy with the launch of Fund II. It had raised $50 million for its first fund in 2021. The fund was oversubscribed by non-profit endowments and hospitals with limited partners such as Carnegie Mellon University, Cook Children's Health Care System, LGT Capital Partners, Next Legacy Partners and others.

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Exponent Founders Capital, Founded in 2021

Exponent Founders Capital's Fund II will be distributed to promising startup and early-stage companies spanning enterprise software, fintech and payments, infrastructure, applied AI and vertical SaaS. It will focus on supporting startups in the US, Canada and Europe.

The cheque size will range from $500,000 to $5 million. The firm targets at least 5 per cent to 10 per cent ownership in the companies it supports. Exponent Founders Capital was launched in 2021 by Charley Ma and Mahdi Raza. Startup; It was established to help startup teams overcome the growth gap from $ 0 to $ 100 million and above revenue. The startup scales revenue impact with motivated generalists, thesis-driven and long-term investors.

Ma was one of the first hires at Plaid, where he led the fintech and developer sales vertical in San Francisco and helped build the company's New York office. He was later one of the first hires at Ramp. He also helped launch the corporate card. After his stint at Ramp, Ma worked at Alloy and JPMorgan. Raza became an operator after working in fintech and technology investment banking at Evercore and investing at GIC. Before joining Stytch, he worked in growth and payments at Robinhood.