# Pathfinder

> Pathfinder is a VC fund in San Francisco backing Software, E-Commerce and Health Care. See 92 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: San Francisco, United States
- Total investments: 92
- Last investment: Aug 2024
- Lead investor: 12%
- Last updated: Aug 2026

Pathfinder is a VC fund in San Francisco focused on Software and E-Commerce. Pathfinder is the early stage investment vehicle of Founders Fund, a venture capital firm investing in science and technology companies solving difficult problems. The firm and its partners have been early backers of some of the most impactful companies of the past decade, including SpaceX, Palantir, Facebook and Airbnb. Founders Fund pursues afounder-friendly investment strategy, providing maximum support with minimum interference.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $600k–$4.5M |
| Series A | $1.1M–$16M |
| Series B | $4M–$25M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 19 | 21% |
| E-Commerce | 10 | 11% |
| Health Care | 9 | 10% |
| Mobile | 8 | 9% |
| Enterprise Software | 6 | 7% |

161 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 45 | 49% |
| Series A | 25 | 27% |
| Series B | 6 | 7% |
| Angel | 4 | 4% |
| Pre-Seed | 1 | 1% |

10 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 65 | 71% |
| New Zealand | 2 | 2% |
| India | 1 | 1% |
| Canada | 1 | 1% |
| Poland | 1 | 1% |

8 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Even | Even is a health tech company and healthcare provider that partners directly with the top hospitals in the country to offer you unlimited diagnostics, consultations, and 50 lakh worth of hospitalisations all with one monthly subscription cost. | $20.1M | Venture - Series Unknown | Aug 21, 2024 |  |
| Lodestone Energy | Lodestone Energy builds and develops sustainable power production farms through solar energy market. It is based in Auckland, New Zealand. | $33.5M | Series C | Feb 29, 2024 |  |
| Lolli | Lolli is a rewards application that allows users to earn bitcoin when shopping online.The company has partnered with 1,000+ top brands to give people the ability to easily earn bitcoin rewards when they shop. When users shop on one of the partner sites, Lolli gets a percentage of each sale. The company then splits that percent with users, sendingbitcoin to users' Lolli wallet.Lolli was founded in 2018 by Alex Adelman and Matt Senter and is headquartered in New York, NY. | $8M | Series B | Dec 14, 2023 |  |
| RADAR | RADAR is a platform that combines RFID and computer vision to automate and augment retail store processes. Our technology offers unprecedented speed and location accuracy, which allows stores to: 1) Manage inventory efficiently through automated inventory counts, improved in-store replenishment, and instantaneous customer stock checks. 2) Measureall customer-product interactions, giving physical stores the same insight into consumer behavior and product performance as online stores. 3) Eliminate checkout lines altogether through our autonomous checkout tool.RADAR was founded in 2013 and is headquartered in New York, NY, USA. | $30M | Series A | Jul 13, 2023 |  |
| Teiko.bio | Teiko.bio is an immune profiling platform that enables clinicians to make informed decisions around patient response. The company was founded in 2020 and is based in Salt Lake City, Utah. | $11.6M | Series A | Oct 05, 2021 |  |
| Teiko.bio | Teiko.bio is an immune profiling platform that enables clinicians to make informed decisions around patient response. The company was founded in 2020 and is based in Salt Lake City, Utah. | $11.6M | Seed | Oct 05, 2021 |  |
| Groov | Groov is a platform designed to improve mental well-being in workplaces. |  | Series A | May 24, 2021 |  |
| Multiply Labs | Multiply Labs manufactures personalized pharmaceutical capsules that are tailor-made to the unique needs of each patient. Multiply Labs’ product is enabled by the combination of pharmaceutical science with robotics technology. The company has built and operates a unique robotic pharmaceutical manufacturing facility. Multiply Labs is the firstcompany ever to bring to the market 3D printed capsules. | $20M | Series A | Apr 14, 2021 |  |
| Booste | Booste is a fintech company that provides revenue-based financing to e-commerce companies. It helps e-commerce companies boost their growth by offering financing, analysis, and access to partners. The company was founded in 2020 and is headquartered in Szczecin, Poland |  | Seed | Jan 27, 2021 |  |
| Lolli | Lolli is a rewards application that allows users to earn bitcoin when shopping online.The company has partnered with 1,000+ top brands to give people the ability to easily earn bitcoin rewards when they shop. When users shop on one of the partner sites, Lolli gets a percentage of each sale. The company then splits that percent with users, sendingbitcoin to users' Lolli wallet.Lolli was founded in 2018 by Alex Adelman and Matt Senter and is headquartered in New York, NY. | $3M | Seed | May 11, 2020 |  |

10 of 92 investments shown.

## Co-investors
- [Founders Fund](https://shizune.co/investors/profile/founders-fund) — VC Fund, 8 deals together
- [SV Angel](https://shizune.co/investors/profile/sv-angel) — VC Fund, 7 deals together
- [Digital Currency Group](https://shizune.co/investors/profile/digital-currency-group) — VC Fund, 4 deals together
- [Felicis](https://shizune.co/investors/profile/felicis-ventures) — VC Fund, 4 deals together
- [First Round Capital](https://shizune.co/investors/profile/first-round-capital) — VC Fund, 4 deals together
- [Uncork Capital](https://shizune.co/investors/profile/softtech-vc) — VC Fund, 4 deals together

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## FAQ

### What does Pathfinder invest in?

Pathfinder invests primarily in Software, E-Commerce and Health Care startups, most often at Seed and Series A stage. Most of the 92 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Pathfinder's check size?

Pathfinder typically joins rounds of $600k–$4.5M at Seed, $1.1M–$16M at Series A and $4M–$25M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Pathfinder participates in.

### When did Pathfinder last invest?

The most recent investment recorded for Pathfinder closed in Aug 2024. Shizune tracks 92 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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