Seva Growth Raised $160 Million for Second Fund
The Williamsburg-based firm expands its minority equity investment capacity for founder-led tech companies.
Updated on Oct. 8, 2026 in Startups
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Seva Growth closed a $160 million fund in September 2026, nearly doubling the size of its initial $85 million fund from 2023. The oversubscribed firm focuses on providing minority preferred equity to tech companies with annual revenues between $3 million and $20 million.
Why it matters
The firm provides a specific financing bridge for founder-led businesses seeking capital without relinquishing control. By targeting established growth, Seva aims to capture 3x to 5x returns across its intended seven to nine future investments.
Seva Growth manages $160 million in capital, with 75% sourced from institutional investors. The firm targets portfolio companies exhibiting annualized growth rates between 40% and 100%, with a planned hold period of four to six years per investment.
The players
Seva Growth
A Williamsburg-based investment firm specializing in minority preferred equity for founder-led tech companies.
Accolade Partners
A Washington, DC-based investment group that committed capital to both of Seva Growth's funds.
Serif Health
A portfolio company that received investment from Seva Growth in July 2026.
TitanFile
A Toronto-based portfolio company that represents part of the firm's growth-stage investment footprint.
The details
The firm operates out of Williamsburg, New York, with a lean two-person staff and avoids placement agents, soliciting commitments directly from institutional partners and founders. Investments are structured as convertible preferred stock with a 1x liquidation preference—a contractual clause granting investors priority over common stockholders in the event of a company sale or bankruptcy. This mechanism protects the firm's downside while allowing it to scale its target investment size to between $7 million and $20 million per company.
Timeline
2023: The firm's first fund closed at $85 million.
July 2026: Investment closed in Serif Health.
August 2026: Fundraising began for the second fund.
September 2026: Fundraising concluded for the second fund.
The Tech Race
This second fund follows the firm's 2023 closing of its $85 million inaugural vehicle. It signals a move to scale the firm's specialized minority-equity strategy as it competes for stakes in North American and Western European tech companies.
Founder-led tech companies in New York City and beyond can expect increased competition for financing as Seva Growth deploys its new $160 million pool. The firm intends to execute seven to nine deals, directly affecting firms currently matching its $3 million to $20 million revenue profile.
The takeaway
Seva Growth has effectively doubled its managed capital in three years by focusing on founder-led growth stage equity. Industry observers should watch for the firm's upcoming investment pace as it deploys the new capital toward its seven to nine target transactions.
Further reading
Explore more activity in the Startups section to understand how New York firms are scaling capital deployments.
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