Growth capital for AI-enabled software and services companies.
We believe each company has its own true path — one that maximizes potential through authentic growth and thoughtful capitalization. There is no single playbook. The best businesses are built by teams with deep domain expertise, enduring customer relationships, and specialized skills that took years to develop. With the right capital partner, those advantages can be dramatically amplified.
We invest where people remain critical drivers of value — companies built on hard-won expertise and mission-critical workflows — yet where AI creates a rare opportunity for breakout growth and efficiency. Traditional, one-size-fits-all approaches from VC and PE struggle in this evolving landscape.
True Path was built to bridge that gap — and to partner with founders who believe their greatest chapters still lie ahead.
Our backgrounds span early-stage venture to late-stage private equity — hypergrowth companies shooting for the moon and steady businesses compounding over decades. That range means we never show up with a cookie-cutter playbook.
Our returns come from organic expansion, margin improvement, strategic M&A, and applied AI — not from financial engineering.
We've been deploying machine learning and AI inside operating companies since before it was cool. We've led the transformation, not just talked about it.
We've invested across multiple economic and technology cycles. We know when to adapt, and when to stay the course.
Our work centers on the levers that compound — applied AI, go-to-market, and strategic M&A — with patient, aligned capital behind them.
We've been deploying machine learning and AI inside operating companies for the better part of a decade. We help you put it where it actually moves the business — margin, velocity, customer experience — and we know what to watch out for.
We focus on the priorities that matter most — go-to-market professionalization, talent, and strategic M&A — bringing what we've learned across dozens of software and services companies.
We partner where the right capital and a thoughtful application of AI can unlock the next phase of growth. Check sizes and ownership stakes flex to fit the business and its leadership team.
True Path Equity was founded by Adam Boutin and Jay Schneider — longtime friends and Stanford Business School classmates (Class of 2012) with 30+ years of combined investing experience across dozens of software and services companies.
15+ years as a growth-stage technology investor at Summit Partners, Menlo Ventures, and Greycroft. As a founding partner at Capital One Ventures, Adam led investments that helped make Capital One the first major bank to use cloud and machine learning at scale. MBA, Stanford GSB; BS in Business, Wake Forest.
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15+ years as a technology-focused private equity investor with seats on a dozen-plus boards. As Head of the Investment Team at Point72 Hyperscale, Jay led a first-of-its-kind fund focused on ML/AI-driven transformation of operating companies, following roles at Francisco Partners, KKR, and Riverwood Capital. MBA, Stanford GSB; BA in Economics, Pomona.
Connect on LinkedInWhether you're a founder, an operator, or an intermediary, we'd love to hear from you. We take the time to deeply understand your business, your market, and your ambitions.