# Pathlight: portfolio, investments and team

> Pathlight is a vc firm based in United States. 40 investments on record, 11 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/pathlight (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Pathlight

Last cheque observed Sep 2026; 40 cheques on record.

Email

VC firm Deploying now New fund $2.5M, Nov 2025 Website unconfirmed

Pre-seed Seed Series A Safety Security Accelerated Computing

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Deploying now

**65%** of best year **11** **cheques in 12 months**, 40 on record

Since the last cheque **49** days **00** hrs **00** min **00** sec

Median round **$12M** Rounds led **3 of 40** Sole investor **2 rounds** Mostly in **United States, 82%**

Pitch Pathlight

## Pathlight highlights

- 01 11 cheques in the last 12 months
- 02 Mostly Series A and Seed: 65% of its rounds
- 03 Sole investor in 2 rounds, median $4.3M

## What they do

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A
- **Sectors:** Safety Security Accelerated Computing
- **Based in:** New York, United States
- **Cold pitches:** Not accepted

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=pathlight).

## The record

Every round we can evidence, newest first **40 appearances**

- **2026** 11 rounds
- **Sept** **[Adaptive Real Estate](https://millionrounds.com/company/adaptive-real-estate)** Series B · US · AlleyWatch **$30M** With 7 others
- **Aug** **[Onos Health](https://millionrounds.com/company/onos-health)** Series A · US **$17M** With 4 others
- **Jul** **[Uniti AI](https://millionrounds.com/company/uniti-ai)** Series A · US · Alate Partners **$12M** *Led*
- **Jul** **[Petra Labs](https://millionrounds.com/company/petra-labs)** Seed · US · AlleyWatch **$5.2M** With 2 others
- **Jul** **[Hadrius](https://millionrounds.com/company/hadrius)** Seed · US · TechStartups **$27M** With 5 others
- **Jul** **[Corner Health](https://millionrounds.com/company/corner-health)** Series A · US **$25M** With 1 other
- **Jul** **[Hadrius](https://millionrounds.com/company/hadrius)** Series A · US **$22M** With 4 others
- **Mar** **[ARQ](https://millionrounds.com/company/arq)** Series B · Ventureburn **$70M** With 4 others
- **Jan** **[Oasys](https://millionrounds.com/company/oasys)** Seed · US · AlleyWatch **$4.6M** *Led*
- **Jan** **[Oasys Health](https://millionrounds.com/company/oasys-health)** Seed · US **$4.0M** With 2 others
- **Jan** **[Artie](https://millionrounds.com/company/artie)** Series A · US **$12M** With 4 others
- **2025** 14 rounds
- **Nov** **[iVerify](https://millionrounds.com/company/iverify)** Venture · US **$12M** With 4 others
- **Oct** **[Kard](https://millionrounds.com/company/kard)** Venture · FR **$15M** With 5 others
- **Jul** **[Volca](https://millionrounds.com/company/volca)** Seed · US · TechStartups **$5.5M** *Led*
- **Jun** **[Turnkey](https://millionrounds.com/company/turnkey)** Series B · US · AlleyWatch **$30M** With 8 others
- **Jun** **[Obvio](https://millionrounds.com/company/obvio)** Series A · US **$22M** With 5 others
- **Jun** **[Paytient](https://millionrounds.com/company/paytient)** Series C · US **$40M** With 7 others
- **Jun** **[Code Four](https://millionrounds.com/company/code-four)** Seed · US **$2.7M** With 2 others
- **May** **[Glide](https://millionrounds.com/company/glide)** Series A · US **$15M** With 4 others
- **May** **[Onos Health](https://millionrounds.com/company/onos-health)** Seed · US **$6.3M** With 1 other
- **Apr** **[Vivere Partners](https://millionrounds.com/company/vivere-partners)** Series A · US **$7.5M** With 1 other
- **Mar** **[Crossmint](https://millionrounds.com/company/crossmint)** Venture · US **$24M** With 4 others
- **Mar** **[Continuum](https://millionrounds.com/company/continuum)** Pre-seed · CA **$2.6M** Sole investor
- **Feb** **[Venn](https://millionrounds.com/company/venn)** Series A · CA **$15M** With 5 others
- **Jan** **[Parafin](https://millionrounds.com/company/parafin)** Series C · US · AlleyWatch **$100M** With 6 others
- **2024** 12 rounds
- **Dec** **[Truewind](https://millionrounds.com/company/truewind)** Series A · US **$13M** With 3 others
- **Nov** **[Overwatch Data](https://millionrounds.com/company/overwatch-data)** Seed · US **$4.3M** With 2 others
- **Nov** **[Parker](https://millionrounds.com/company/parker)** Series B · US **$20M** With 3 others
- **Oct** **[Uprise](https://millionrounds.com/company/uprise)** Seed · US **$3.3M** With 2 others
- **Sept** **[Freeplay](https://millionrounds.com/company/freeplay)** Seed · US **$5.6M** With 3 others
- **Jun** **[Materia](https://millionrounds.com/company/materia)** Series A · US **$6.3M** With 2 others
- **Jun** **[Moss](https://millionrounds.com/company/moss)** Venture · DE **Undisclosed** With 6 others
- **Apr** **[Payflows](https://millionrounds.com/company/payflows)** Series A · FR **$27M** With 4 others
- **Mar** **[Copilot](https://millionrounds.com/company/copilot)** Series A · US **$6.0M** Sole investor
- **Feb** **[Coris](https://millionrounds.com/company/coris)** Seed · US **$3.7M** With 2 others
- **Jan** **[Venue](https://millionrounds.com/company/venue)** Seed · US **$1.2M** With 1 other
- **Jan** **[Better Stack](https://millionrounds.com/company/better-stack)** Venture · US **$10M** With 5 others
- **2023** 1 round
- **Jun** **[Heard Technologies](https://millionrounds.com/company/heard-technologies)** Series A · US **$15M** With 2 others
- **2022** 2 rounds
- **Oct** **[Humaans](https://millionrounds.com/company/humaans)** Venture · GB **Undisclosed** With 3 others
- **Sept** **[Tactic](https://millionrounds.com/company/tactic)** Venture · GB **$11M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **3 named**

CM **Charley M. Ma** Executive Officer i Filing they signed

DP **Daniel Platt** Mr. Platt is the Chief Executive Officer and Founder of both the General Partner and the Investment Manager i Filing they signed

MR **Mahdi Raza** Managing Partner i Filing they signed

We also hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$100M** gross assets of its funds Oct 2026

**3+** funds on file numbered funds in its name

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Pathlight Management III, LLC
- **SEC number:** CRD 343937

## What they claim to have backed

From their own portfolio page (on their website)

**20** of 45 we have independently watched raise

[Adaptive Construction financial](https://millionrounds.com/company/adaptive-real-estate)[Alloy](https://millionrounds.com/company/alloy)[Arq](https://millionrounds.com/company/arq)[Avoca AI for](https://millionrounds.com/company/avoca)[Chronosphere Cloud-native observability](https://millionrounds.com/company/chronosphere)[Doss AI procurement](https://millionrounds.com/company/doss)[Evenup AI for](https://millionrounds.com/company/evenup)[Fomo](https://millionrounds.com/company/fomo)[Iverify](https://millionrounds.com/company/iverify)[Kalshi Regulated prediction](https://millionrounds.com/company/kalshi)[Metronome](https://millionrounds.com/company/metronome)[Obvio AI-powered traffic](https://millionrounds.com/company/obvio)[Parafin Embedded SMB](https://millionrounds.com/company/parafin)[Plaid Financial data](https://millionrounds.com/company/plaid)[Ramp Corporate finance](https://millionrounds.com/company/ramp)[Robinhood Commission-free investing](https://millionrounds.com/company/robinhood)[Statsig](https://millionrounds.com/company/statsig)[Turnkey Crypto key](https://millionrounds.com/company/turnkey)[Uniti AI agents](https://millionrounds.com/company/uniti-ai)[Yuzu Health Next-generation](https://millionrounds.com/company/yuzu-health) Andromeda AI-powered identity Apollo AI sales Artie Real-time data Candor Health Healthcare Closure AI Digital Continuum AI agents Copilot Money Personal Coris AI risk Corner Health Nurse Digraph acq. Datadog Glide AI for Heard Financial platform Humaans Modern HRIS Materia acq. Thomson Moss European spend Oasys AI First Onos Health AI Overwatch AI intelligence for Persona Identity verification Petra Security M365 Prophecy Gov GovCon Risely AI operating Truewind AI-powered startup Vivere Specialty insurance Volca AI payroll

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$2.5M**

raised in Nov 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$12M** the round, not its cheque Alone, median **$4.3M**

Led 3 of 40 rounds **8%**

- **Sole investor:** 2 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Series A said *14*
- Seed said *12*
- Venture *7*
- Series B *4*
- Series C *2*
- Pre-seed said *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Y Combinator](https://millionrounds.com/fund/y-combinator) 10
- [BoxGroup](https://millionrounds.com/fund/boxgroup) 4
- [Fin Capital](https://millionrounds.com/fund/fin-capital) 3
- [Haystack](https://millionrounds.com/fund/haystack) 3
- [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) 3
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 3

**Pitching Pathlight?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Pathlight. A count of rooms they were both in, not a relationship either has claimed.

[**Y Combinator** Accelerator **10** rounds together](https://millionrounds.com/fund/y-combinator)[**BoxGroup** VC firm **4** rounds together](https://millionrounds.com/fund/boxgroup)[**Fin Capital** Private equity **3** rounds together](https://millionrounds.com/fund/fin-capital)[**Haystack** VC firm **3** rounds together](https://millionrounds.com/fund/haystack)[**Ribbit Capital** VC firm **3** rounds together](https://millionrounds.com/fund/ribbit-capital)[**Sequoia Capital** VC firm **3** rounds together](https://millionrounds.com/fund/sequoia-capital)[**1984 Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/1984-ventures)[**Better Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/better-ventures)[**CRV** VC firm **2** rounds together](https://millionrounds.com/fund/crv)[**First Round Capital** VC firm **2** rounds together](https://millionrounds.com/fund/first-round-capital)[**Founders Fund** VC firm **2** rounds together](https://millionrounds.com/fund/founders-fund)[**GTMfund** VC firm **2** rounds together](https://millionrounds.com/fund/gtmfund)

## Recently backed

The latest companies Pathlight put money into.

[**Adaptive Real Estate** $30M · Sept 2026](https://millionrounds.com/company/adaptive-real-estate)[**Onos Health** $17M · Aug 2026](https://millionrounds.com/company/onos-health)[**Uniti AI** $12M · Jul 2026](https://millionrounds.com/company/uniti-ai)[**Petra Labs** $5.2M · Jul 2026](https://millionrounds.com/company/petra-labs)[**Hadrius** $27M · Jul 2026](https://millionrounds.com/company/hadrius)[**Corner Health** $25M · Jul 2026](https://millionrounds.com/company/corner-health)

## On podcasts

1 episode naming Pathlight in the title, and 1 more that mention it.

- [The Peel](https://millionrounds.com/podcasts/the-peel) 27 Sept 2024 · 2h 23m Lessons Building Five Unicorns + Building Pathlight Ventures | Charley Ma & Mahdi Raza With [Charley Ma](https://millionrounds.com/person/charley-ma)[Mahdi Raza](https://millionrounds.com/person/mahdi-raza) Mentions [Pathlight](https://millionrounds.com/fund/pathlight) Apple PodcastsShow page

### Mentioned in

- [The Peel](https://millionrounds.com/podcasts/the-peel) 1 Aug 2025 · 1h 25m PhD to $100M Revenue: Rebuilding SMB Lending with AI | Sahill Poddar, Co-founder and CEO of Parafin Apple PodcastsShow page

## Quick answers about Pathlight

### What does Pathlight invest in?

Pathlight invests most often at Series A and Seed (65% of the rounds on record), in sectors such as Safety, Security and Accelerated Computing.

### How active is Pathlight?

40 investments on record, 11 of them in the last 12 months, and it led 3. The most recent was in Sept 2026.

### What has Pathlight invested in recently?

Its most recent investments on record: Adaptive Real Estate (Series B, Sept 2026), Onos Health (Series A, Aug 2026) and Uniti AI (Series A, Jul 2026).

### How big are Pathlight's cheques?

The median round it joins is $12M.

### Does Pathlight lead rounds?

Sometimes: it led 3 of its 40 investments on record (8%).

### Where does Pathlight invest?

Most of the companies it backs are in the United States (82%), France (5%) and Canada (5%).

### Is Pathlight investing now?

Yes: it is actively investing, with 11 investments in the last 12 months.

### Who does Pathlight invest alongside?

Most often Y Combinator (10 rounds together), BoxGroup (4 rounds together) and Fin Capital (3 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=pathlight) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=pathlight)