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Image Credits:SEVA / Shalin Mehta, founder and managing partner of SEVA
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Image Credits:SEVA / Shalin Mehta, founder and managing partner of SEVA
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After five year sharpening his engineering science investor acquirement at Susquehanna Growth Equity , Shalin Mehta is now a solo cosmopolitan collaborator at his own growth equity firm , securing $ 85 million in capital dedication for his entry fund .
While at Susquehanna , the 28 - yr - former go investment in companies , includingNoRedInkandMuckRack . Now withSEVA , a house he started earlier this class , Mehta intends to commit in customer - centric founders of fast - growing , bootstrapped companies to scale via profitable emergence , he told TechCrunch .
Mehta and three other team members direct SEVA , a name instigate by the Sanskrit word intend “ altruistic service . ”
“ That entail to be in service of , ” Mehta explicate . “ If anything , I have swear out in the last decade of my life history , it ’s client - centric founders and companies . That ’s why I made the decision to part SEVA earlier this twelvemonth . ”
Unlike some emerging investment firm managers who had challenge raising first funds in the past year , SEVA was able to close on $ 85 million in a short period of sentence — four months — even exceeding its original target of $ 50 million .
The fund ’s backing add up from institutional investors , university talent , charitable foundations , kin offices and founders that Mehta invested in while in his prior role at Susquehanna and Spectrum Equity . Those bootstrapped founders are like to the founders SEVA intends to invest in , he said .
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Mehta has not made any investments from SEVA Fund I yet . Plans are to endue in eight to 10 companies from the first stock over the next three to five years , writing $ 5 million to $ 15 million checks into profitable , beginner - lead companies , he said . His expertise is in net , software , data , marketplace and technology - enabled services companies .
In addition , Mehta has cultivated a electronic connection of founders and emergence - stage technology administrator to partner with portfolio company in such areas as strategical planning , executive hiring and go - to - market , to facilitate them go on retentive - terminus growth and profitability , as well as way out provision .
Meanwhile , Mehta regard SEVA as being a short dissimilar than other investment firms — as in between private fairness and venture upper-case letter .
“ I ’ve committed my intact investment calling to investing in bootstrapped or founder - led , profitable , tight - growing , applied science - enable companies , those that do n’t need venture upper-case letter or emergence - stage ventures or they do n’t want to betray control , ” Mehta articulate . “ They need more of a consigliere . We ’re not a billion - dollar sign ontogenesis fairness or buyout firm , we ’re kind of forthright in between where the founders and company we knead with . They do n’t involve us , they want us . ”
raw pre - seed investment company are pop up everywhere
