TitanFile Receives Significant Growth Investment From SEVA

Minority investment will enable TitanFile to scale its mission-critical file sharing and client collaboration platform

TORONTO--(BUSINESS WIRE)--TitanFile, Inc. (“TitanFile” or the “Company”), the leading secure file sharing and client collaboration platform for law firms, government agencies, and financial institutions, 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.

The investment is being made through SEVA I LP and is the first outside institutional capital raised by TitanFile. The terms of the transaction were not disclosed.

Shalin Mehta, SEVA Founder and Managing Partner, will also join TitanFile’s Board of Directors as part of the transaction. The proceeds from the investment will be used to scale TitanFile’s sales and marketing initiatives and accelerate its pipeline of new technology and products for its customers.

“This growth investment underscores our commitment to delivering unmatched customer value and being the best at secure file sharing and collaboration. With SEVA’s support, we’ll accelerate innovation to meet our clients’ evolving needs,” said TitanFile Founder and Chief Executive Officer Tony Abou-Assaleh.

“We are excited to partner with Shalin and the rest of the SEVA team on TitanFile’s next stage of growth. SEVA is different from other growth equity partners given their hands-on, collaborative approach, deep understanding of our end market, and sole focus on serving high-growth, capital-efficient, founder-led businesses like TitanFile.”

Since its founding in 2011, TitanFile has become the leading platform for secure file sharing and collaboration in highly regulated industries. The Company’s web-based platform enables its enterprise clients to safely exchange secure messages and confidential information from any device and collaborate on large and sensitive files with clients, advisors, and other partners. TitanFile is as easy to use as email and increases staff productivity, simplifies client collaboration, and improves security and compliance.

“TitanFile is aptly representative of the fast-growing, customer-obsessed, self-sustaining business we look to partner with at SEVA,” Mehta said. “TitanFile’s end-to-end file sharing and client collaboration platform provides meaningful value to its customers in the legal, government, and financial services sectors. The Company’s proprietary platform enables professional service providers to exchange mission-critical communications with their clients and partners in a safe and secure manner. We look forward to working with Tony and his team to help build on TitanFile’s momentum.”

TitanFile is the third investment for SEVA. The firm’s previous investments include Chicory, Inc. and Teleskope Technologies, Inc.

ABOUT TITANFILE

TitanFile is the leading secure information-sharing platform trusted by top law firms, financial institutions, government agencies, and regulated enterprises. Our award-winning cloud software enables professionals to seamlessly exchange sensitive information and collaborate securely from any device. Driven by our mission of transforming the secure information sharing experience, TitanFile combines enterprise-grade encryption with ISO 27001 and SOC 2 Type II compliance, empowering organizations to simplify workflows, enhance productivity, and confidently meet stringent regulatory requirements.

TitanFile is based in Toronto. To learn more, please visit: https://www.titanfile.com/.

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/.