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Pathlight Ventures

New York City, NY · Invests in US; Europe · Website

Pre-SeedSeedSeries AB2B SaaSAI & Machine LearningDeveloper ToolsCybersecuritySales & Marketing TechFintechFintech & PaymentsHealthcare & Digital HealthEnterprise SoftwareSecurity & CybersecurityDeveloper Tools & InfrastructureLegal & RegtechMarketing & AdtechRobotics & Automation

Thesis

Low volume, high conviction early-stage investing in 10 thematic areas where vertical AI is reshaping regulated, complex industries: healthcare, fintech, capital markets, industrial operations, security, and government. Back strongly opinionated founders building category-defining companies with direct operator support from a team with deep fintech and growth scaling experience.

Likely not a fit for

Not focused on consumer social, gaming, or pure B2C. Avoids commodity SaaS without AI differentiation or industries outside their 10 thesis areas.

How they invest

Lead or follow
Usually leads
Typical decision
~1 month
Warm intro
Not required
Involvement
Takes a board seat
Fund status
Actively deploying
Decision process
Partnership vote

Partners & team

5 contacts on file

MR

Mahdi Raza

General PartnerCo-Founder, Managing Partner · Primary contact

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m•••@pa•••.vc

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AG

Alexis Garneau

PartnerPartner

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a•••@pa•••.vc

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CM

Charley Ma

General PartnerCo-Founder, Managing Partner

+ Pitch

c•••@pa•••.vc

LinkedIn profile

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KK

Kasra Khadem

PartnerPartner

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k•••@pa•••.vc

LinkedIn profile

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SF

Sean Fanning

PartnerPartner

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s•••@pa•••.vc

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Portfolio

AdaptiveEnterprise Software

Adaptive is a company specializing in data management and compliance solutions, offering tailored services to help organizations understand and control their data assets. Their Bank in a Box product aids financial services in compliance and risk management.

Andromeda
ApolloFintech Payments

Apollo Global Management is a leading global alternative investment manager, focusing on asset management across various sectors including credit, private equity, and real assets.

AvocaEnterprise Software

Avoca provides an AI-powered workforce solution for service businesses, enhancing customer service through automated voice interactions and performance insights.

Candor HealthHealthcare Digital

Candor Health delivers AI-native provider data intelligence that helps healthcare organizations operate smarter, make confident decisions, and build trust across the ecosystem.

ChronosphereEnterprise Software

Chronosphere provides observability solutions specifically designed for Kubernetes environments, enabling organizations to monitor and optimize their cloud-native applications effectively.

Closure IntelSecurity Cyber

Closure combats evidence overload by securely transcribing, translating, searching, organizing, and analyzing case evidence for law enforcement agencies.

ContinuumEnterprise Software

Continuum is a privacy-focused AI platform offering interaction with leading AI models. It allows users to submit prompts and receive AI-generated responses, emphasizing privacy and user control.

Copilot.moneyFintech Payments

Copilot Money is a personal finance management app that helps users track their spending, budgets, investments, and net worth, providing personalized recommendations through AI.

Coris
Corner HealthHealthcare Digital

Corner Health is a primary care enablement company that helps independent Nurse Practitioners operate hyper local primary clinics, focusing on whole-person care and expanding access to underserved communities in Arizona.

CrossmintFintech Payments

Crossmint is a developer platform for building financial applications, offering tools like wallets and tokenization. It enables companies to integrate digital assets into their business with a suite of products including programmable wallets, stablecoin payments, and compliance tools.

Recent activity

Pathlight Ventures in the news

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Research briefRead more
Pathlight Ventures Research Investment Thesis Pathlight Ventures is a New York City-based early-stage venture fund founded in 2021 by operators Mahdi Raza (former Head of Growth at Robinhood) and Charley Ma (first business hire at Plaid, Ramp, and Alloy). The firm describes itself as "low volume, high conviction" — investing in a small number of companies each year and going deep with each founder

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