TitanFile, a top secure file-sharing and client collaboration platform, announced it has received a significant minority growth investment from SEVA Growth.
This marks TitanFile’s first outside institutional capital. This investment, made through SEVA I LP (terms undisclosed), will enhance TitanFile’s sales and marketing efforts and accelerate its product development pipeline. Shalin Mehta, SEVA Founder and Managing Partner, will join TitanFile’s Board of Directors.
TitanFile’s CEO, Tony Abou-Assaleh, emphasized that SEVA’s support will help them accelerate innovation to meet the evolving needs of their clients. And SEVA’s focus on capital-efficient, founder-led businesses was a key factor in the partnership.
Impact on regulated industries:
Since its 2011 founding, Toronto-based TitanFile has become a leading platform for secure file sharing in highly regulated sectors like law firms, government agencies, and financial institutions. And it’s web-based platform allows clients to securely exchange messages and confidential information, simplifying collaboration on large, sensitive files while ensuring ISO 27001 and SOC 2 Type II compliance.
KEY QUOTES:
“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.”
“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.”
TitanFile Founder and Chief Executive Officer Tony Abou-Assaleh
“TitanFile is aptly representative of the fast-growing, customer-obsessed, self-sustaining business we look to partner with at SEVA. 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.”
Shalin Mehta, SEVA Founder and Managing Partner
