SEVA, a fund launched by technology investor Shalin Mehta, announced the close of its $85m oversubscribed, debut fund, reaching its hard cap and exceeding its original target of $50m.
The Fund’s close follows just four months of fundraising . It received wide support from a leading group of limited partners comprised of world-class 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, technology companies. The firm will target companies that have achieved strong product-market fit, exhibit robust 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 brings a unique perspective to its partnership approach, combining flexible capital with empathy and strategic expertise for customer-centric founders and companies focused on profitable growth.