Pronto Receives Significant Growth Investment From SEVA
Investment Will Enable Pronto to Expand Customer Footprint and Product Offerings
LEHI, Utah — Pronto, the leading secure, mobile-first, team communications platform for front-line employers and higher education institutions, today announced a significant minority investment from SEVA Growth LP (“SEVA”), a growth equity firm that exclusively serves fast-growing, customer-centric, founder-led, technology-enabled companies.
The proceeds from the transaction will be used to accelerate Pronto’s sales and growth initiatives and its pipeline of new product functionality and technology integrations.
“Corporations and higher education institutions have an increasingly urgent need to provide safe and secure instant communication and collaboration to front-line employees and students who are on the go. Pronto is focused on meeting this need through its easy-to-use team communications platform,” said Pronto Co-Founder and CEO Zach Mangum. “SEVA’s investment will allow us to expand our footprint and product offerings to help our customers make their organizations as effective and responsive as possible. We are excited to partner with the SEVA team on the next stage of our growth.”
Since launching in 2018, Pronto has become the preferred secure team communications platform for hundreds of top enterprises and educational institutions, such as Marriott Hotels, Chick-Fil-A, and California Community Colleges. Pronto’s mobile-first design replaces traditional email and texting for front-line, deskless employers and their teams in field services and hospitality. Instructors and students at educational institutions also extensively use Pronto’s services. The Pronto platform centralizes communications and enables better collaboration through the exchange of private and secure messaging, video, file sharing, and instant translation on mobile devices.
Shalin Mehta, SEVA Founder and Managing Partner, will also join Pronto’s Board of Directors as part of the transaction. The investment is being made through SEVA I LP.
“Pronto’s compliant and intuitive platform has made it easy for employers and university faculty to collaborate and improve engagement with their front-line employees and students, respectively, while ensuring enterprise-grade security, privacy, and accountability,” Mehta said. “We are excited to support Zach and his team as they continue to build upon Pronto’s momentum.”
Pronto is the fourth investment for SEVA. The firm’s previous investments include Chicory, Teleskope Technologies, and TitanFile.
The terms of the transaction were not disclosed.
ABOUT PRONTO
Pronto is the leading secure team communications platform for front-line employers and higher education institutions. No fancy syntax or confusing hashtags, just seamless communication so everyone can learn faster and work smarter. With auto-translation, group messaging and file sharing capabilities, Pronto makes having your voice heard and understood easier than ever.
Pronto is based in Lehi, Utah. To learn more, please visit pronto.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 sevagrowth.com
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