Path Ventures is a pre-seed venture capital firm founded by Billy Draper that invests $150K–$300K into early-stage technology companies at the earliest stages of their journeys. The firm focuses on fintech, enterprise SaaS, consumer tech, property tech, and legal tech.
They made 3 investments in the last 12 months. Their most common stage is series-a (50% of deals). Average disclosed round size is $12.9M (across 12 rounds with reported amounts).
Portfolio
10
Fund Size
—
Top Stage
Series A
Last 12 Mo
3
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
12 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Slang | Series A | $36M | Feb 2026 |
 Parallel | Seed | $2.4M | Oct 2025 |
 Parallel | Seed | $2.4M | Oct 2025 |
 Gearflow | Seed | $3M | Jun 2021 |
| Gearflow | Unknown | $3M | Jan 2021 |
 Spellbook | Series B | $50M | Jan 2019 |
 Lulu | Seed | $2.5M | Feb 2013 |
 CoPilot | Series A | $6M | — |
 Copilot | Series A | $6M | — |
| Spellbook | Series A | $20M | — |
 Slang.ai | Series A | $12M | — |
 Consensus | Series A | $11.5M | — |
Top Co-Investors
Alumni Ventures3 shared
Stage 2 Capital2 shared
Underscore VC2 shared
Homebrew2 shared
Adjacent2 shared
Restive Ventures2 shared
Shrug Capital2 shared
Exponent Founders Capital2 shared
Inovia Capital2 shared
Bling Capital2 shared
N49P2 shared
Thomson Reuters Ventures2 shared
The LegalTech Fund2 shared
Khosla Ventures2 shared
Good News Ventures2 shared
Concrete2 shared
Bpifrance2 shared
Penny Jar Capital2 shared
Frst2 shared
Y Combinator2 shared
Last updated: 20 October 2026