Exponent Founders Capital, an early-stage enterprise agency launched by Plaid and Robinhood alumni, has launched with a $75m fund to spend money on new startups.
Co-founded by Charley Ma and Mahdi Raza, the agency has raised $125m to this point and is launching with the brand new fund to spend money on early-stage firms throughout fintech, funds, utilized AI, vertical SaaS and enterprise software program in Europe, Canada and the US, as first reported by TechCrunch.
Primarily based in New York, managing companions Ma and Raza have a formidable fintech background between them, having held development roles at Plaid, Ramp, Codat, Alloy and Robinhood earlier than launching their three way partnership in 2021.
The 2 met whereas Ma led fintech development at Plaid and Raza headed up development and funds for Robinhood.
“It’s troublesome to construct an everlasting firm except you’ve lived it,” Ma mentioned.
“We now have years of earned expertise from the zero to 1 hundred journey at a number of high-growth firms, and we attempt to be pound for pound probably the most excessive leverage buyers for our founders.”
Exponent has 24 firms in its portfolio based on its web site, with fintech firms making up the majority of those.
The ten fintechs embody Latin America funds answer Clara, cash tracker CoPilot, NFT developer platform Crossmint, rewards community Kard and spend administration Moss.
The agency is trying to assist startups “cross the expansion chasm” from $0 to $100m+ in income, with Raza noting he and Ma are eager to again “non-consensus founders” on the earliest levels, serving to them to grow to be “tomorrow’s class leaders”.
