Seva, a Brooklyn, NY-based newly-launched growth equity firm investing in customer-centric founders and companies based in New York, closed an $85m debut fund.
SEVA Fund I received support from a group of limited partners comprised of bootstrapped founder/CEOs, industry leaders, and blue-chip institutional investors including leading university endowments, charitable foundations, investment managers, and family offices.
SEVA will seek to build a focused portfolio between eight and ten investments in fast-growing, profitable, founder-led, internet, software, data, marketplace, and technology-enabled services companies. The firm will target companies that have achieved product-market fit, exhibit customer loyalty, and are looking to scale and accelerate their long-term growth and profitability.
Founded by Shalin Mehta, formerly of Susquehanna Growth Equity and Spectrum Equity, who built his career by sourcing, leading, and managing proprietary investments in leading founder-led, technology companies, SEVA combines flexible capital with strategic expertise for customer-centric founders and companies focused on profitable growth.
Prior to founding SEVA in 2023, Shalin supported leading companies across the internet, software, data, marketplace, and technology-enabled services categories, such as Clutch.co, ProviderTrust, Seek Now, NoRedInk, Poppulo, and Muck Rack.
To help companies thrive, the firm also operates a network of bootstrapped founders and growth stage technology executives across key functions with experience solving today’s high-growth initiatives. The network’s members will bring their perspective to partner with SEVA’s founders to help them scale and accelerate long-term growth and profitability via sharing best practices and expertise across Strategic Planning, Executive Hiring, Product/GTM, Financial Reporting & Operational Infrastructure, and Exit Planning.
VCWire
20/11/2023