Teleskope Receives Significant Growth Investment From SEVA

Minority investment will enable Teleskope to scale its unified end-to-end employee experience platform

LAS VEGAS--(BUSINESS WIRE)--Teleskope Technologies, Inc. (“Teleskope” or the “Company”), the leading employee experience platform for Fortune 500 and global enterprises, today announced that it has received a significant minority investment from SEVA Growth LP (“SEVA”), a growth equity firm exclusively focused on serving customer-centric founders building fast-growing, profitable, technology-enabled companies.

Founded in 2020 as an Employee Community focused software company, Teleskope has evolved into a unified employee experience platform, enabling Fortune 500 and some of the world’s largest enterprises to effectively onboard, develop, and engage their global workforces. Teleskope’s end-to-end platform provides robust employee experiences including Employee Resource Groups (ERGs), Mentoring, Employee Events & Communications, and Employee Journeys.

The investment is being made through SEVA I LP and is the first outside institutional capital raised by Teleskope. The partnership will aim to further Teleskope's mission to provide meaningful engagement for employees at global enterprises and to nurture a sense of community and belonging in the workplace.

In conjunction with the transaction, SEVA’s Founder and Managing Partner, Shalin Mehta, will join Teleskope’s Board of Directors.

“We are thrilled to welcome Shalin to our Board and the rest of the SEVA team as our strategic growth partners,” said Aman Brar, Teleskope Co-Founder and Chief Executive Officer. “This investment provides an opportunity to scale our business by growing our sales and marketing initiatives, strengthening our technology, and expanding into new product categories. We’re excited for the next chapter of Teleskope’s growth as we look to continue delivering robust employee experiences to our blue-chip customers.”

Maneet Sarai, Teleskope Co-Founder and Chief Product Officer, said: “SEVA really stood out from other prospective growth equity partners. Their customer-centric approach, robust network, and distinct focus on serving profitable, fast-growing, founder-led businesses made them a perfect match for Teleskope. This partnership will enable us to continue to provide our customers with robust employee experiences.”

“SEVA is excited to support Teleskope, which continues to define and lead the employee-experience category for some of the world’s largest and most respected businesses,” said Shalin Mehta, SEVA Founder and Managing Partner. “Teleskope’s unified employee experience platform drives meaningful value by enabling mission-critical employee engagement in various facets of an employee’s journey. We are excited to partner with Aman, Maneet, and the Teleskope team to continue to build on the Company’s robust momentum and customer-centric approach by scaling product and pursuing strategic go-to-market initiatives.”

The terms of the transaction were not disclosed.

ABOUT TELESKOPE

Teleskope is the most powerful Employee Community Software trusted by Fortune 500 and global companies. Teleskope’s employee community platform caters to all employee community needs, including Mentoring, Learning and Development, Volunteering Groups, Interest Groups, Resource Groups, Event Management, Internal Communication, and more. With Teleskope's suite of products, employers can provide meaningful engagement with employees and nurture a sense of community and belonging in the workplace.

Teleskope’s clients operate in more than fourteen business sectors, including Consulting, Retail, Banking, Financial Services, Healthcare, Information Technology, Food and Beverage, Hospitality, Transportation, Media, and Energy. To learn more, please visit: https://www.teleskope.io/

ABOUT SEVA

SEVA is a growth equity firm exclusively focused on serving customer-centric founders building fast-growing, profitable, founder-led, internet, software, data, marketplace, and technology-enabled services companies. SEVA is based in Brooklyn, NY. To learn more, please visit https://www.sevagrowth.com/