An Operator-led Exit For Software and Service Entrepreneurs
Raj has a decade of SaaS CEO experience
Jaan Capital Is Not: A Search Fund
We're operators, we grow businesses
We acquire and actively operate a single software or B2B professional services business.
We focus on profitable, durable growth by investing in people, systems, and execution.
We acquire and actively operate B2B businesses that run essential customer operations.
The Right Fit? Our Criteria 🔎
B2B Vertical SaaS
Software embedded in daily operations
Company Profile:
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$3 - $15 million revenue
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≥ 40% recurring revenue
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≥ 15% EBITDA margin
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≥10% ARR Growth
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Gross Retention > 90%
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No single customer >20% of revenue
B2B Operations Businesses
Outsourced, recurring business operations
Company Profile:
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≥ $10M revenue
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≥ $2M EBITDA
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Re(o)curring revenue base
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Ongoing operational responsibility
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Process-driven service delivery
What Matters to Us
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Teams proud of the work they deliver to customers
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Long-term customer relationships
- Central to customers’ day-to-day operations
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Industries with long-term demand
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Customer growth that drives expanded usage
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Operational discipline and accountability
What We Bring
Proven Leadership
Raj has led and scaled a vertical software business through significant operational change and a successful exit. He brings firsthand experience as an operator, not a financial buyer.
Flexibility
We offer flexibility around deal structure and post close involvement. Founders can stay involved, transition roles, or step back entirely.
Investor Support
Jaan Capital is backed by experienced operators, CEO investors who have scaled multimullion software businesses over decades. Their support reflects confidence in Raj’s ability to lead and grow companies responsibly.
People are Everything
Strong businesses are built by strong teams. Raj prioritizes long term trust and transparency with employees, customers, and partners.
Differentiated
Our approach is focused on long term growth, not short term cost cutting. We invest in what already works and build from there.
Focused Investment
This will be a focused, hands on investment. Raj commits his time, energy, and capital to help the business grow through better systems, sales, and execution.
Meet the Founder
Raj Mahajan
Raj started Jaan Capital after acquiring, operating, and successfully exiting SuperSalon, a point of sale software platform used by more than ten thousand salons. During his time there he more than doubled revenue while maintaining profitability and completing a tuck in acquisition. At Jaan Capital Raj is not simply looking to acquire a company. He is looking to build upon the legacy that founders have created over many years while guiding the business through a more technology driven future. His approach is simple. Lead with operators. Invest in people, data, and modern systems. Protect what already works. Introduce the tools and processes that support thoughtful growth and enable the team to execute at a higher level. If you're considering your next chapter, we'd love to learn more about your journey.
Raj Outside of Work
Raj’s personal life reflects the same values he brings to his work: curiosity, commitment, and connection. A proud father since July 2024, he treasures time with his wife, newborn daughter, and red fox lab embracing the joys and challenges of parenthood.
An avid traveller, Raj has traveled to more than 80 countries, is an enthusiastic LA sports fan, and enjoys the game of golf despite being self-prescribed “terrible golfer.” Whether exploring new cultures, engaging with his community, or spending time outdoors with his wife, daughter, and dog, Raj approaches life with a spirit of purpose and gratitude.
Entrepreneur and Leader
Raj Mahajan brings over two decades of leadership in entrepreneurship, finance, and M&A, shaped by experiences across multiple industries and continents. Raised in Palos Verdes, CA, he earned his undergraduate degree from Boston University and later his MBA from the University of Southern California with a focus on Entrepreneurship and Strategy. His early career in New York and Southern California investment banking refined his skills in finance and deal-structuring.
Raj has built a reputation for guiding organizations through periods of growth, transformation, and operational excellence. His leadership style blends strategic vision with disciplined execution, underpinned by a deep belief in investing in people and building scalable systems.
Over the years, he has worked closely with teams to create enduring value for stakeholders, develop high-performing management structures, and forge partnerships that extend market reach and enhance customer experience.
A dedicated leader beyond the boardroom, Raj is part of the founding members and serves on the Board of YPO’s Waterloo Austin Chapter, remaining active in entrepreneurial networks. While living in Minneapolis, he also served on the Board of the Minnesota State Chamber of Commerce, contributing to statewide initiatives that supported business growth and innovation. Raj also serves as a strategic advisor to Victoriam Equity.
Known for his collaborative mindset, he frequently shares his insights through speaking engagements, offering lessons from his entrepreneurial journey to the next generation of founders and executives.
Meet Cue
Meet Cue
Cue is part of the Jaan Capital team, responsible for deal origination, research, and financial modeling. He is pursuing his Master of Science in Finance at the University of Southern California.
As an analyst, Cue supports acquisitions through market research, financial modeling, and evaluation of potential M&A opportunities. His work also includes due diligence, industry mapping, and benchmarking to ensure every opportunity is carefully assessed.
Beyond the numbers, Cue plays an important role in founder outreach, connecting with business owners to learn their stories and build relationships. If you reach out to Jaan Capital, there is a good chance you will hear from him.
Outside of work and studies, Cue enjoys exploring new places and cultures. He stays active through pickleball, running, and skiing, which he sees as both a personal challenge and a way to connect with others who share his passion for sport and adventure.
Meet Thomas
Thomas is from the United States, and ever since he was little, his mother called him “Tomás” in hopes that he would one day become bilingual. He is fulfilling that promise by pursuing his MBA in Spain at IESE Business School, where he will graduate in 2026.
At Jaan Capital, Tomas handles deal origination, research, and financial modeling. He supports acquisitions through market research, lead generation, outreach, and opportunity evaluation, while also using AI to improve efficiency in sourcing and founder engagement.
Beyond analysis, Tomas connects with business owners to learn their stories and build relationships. If you reach out to Jaan Capital, there’s a good chance you will hear from him.
Outside of work and his MBA at IESE, Tomas begins most mornings in the gym. A dedicated weightlifter, he has competed in amateur bodybuilding and believes early workouts drive discipline and focus. He also enjoys strategy games like World of Warcraft and Dota 2, as well as traveling, having visited over a dozen countries since moving abroad.
Built by a Seasoned Operator.
Backed by Experts.
Jaan Capital is led by Raj Mahajan, a former CEO who has acquired, scaled, and sold a vertical SaaS business. This is not a financial firm and not a first-time buyer. Raj brings full-time leadership and real operating experience.
He is supported by seasoned SaaS founders and executives who have built companies from $5 million to over $500 million. They bring insight and support, but this is Raj’s business to lead. You are not joining a portfolio. You are joining a team that knows what it means to carry the weight.
What Raj's Past Colleagues Have to Say About Raj
"I had the privilege of working under Raj's leadership for nearly two years. His entrepreneurial vision and commitment to integrity made him an exceptional CEO. He fostered a collaborative environment, skillfully balancing the needs of employees, customers, partners, and investors.
During the COVID pandemic, Raj navigated the complex challenges in the face of extreme uncertainty, maintaining business stability, providing financial relief to customers, and finding creative ways for employees to stay engaged.
His empathy and humility allow him to connect with everyone, ensuring openness and free-flowing ideas. Raj’s leadership inspired us to achieve our best, fostering intellectual growth and delivering value to customers and investors.
I’m grateful for the opportunity to work with such an inspiring leader and highly recommend Raj for any role where his entrepreneurial acumen and collaborative approach can make a positive impact."
Cory
Former Head of Technology ProPoint/SuperSalon
Where does the name come from?
The name "Jaan" means "life" or "beloved" in Hindi. It reflects our respect for what founders have built and our belief that a business represents years of care, effort, and purpose.
Get in Touch
We’re always looking for new and exciting opportunities. Let’s connect. Whether you’re ready to move forward or simply exploring ideas, we’re happy to discuss and see where the conversation takes us.
Email Us: raj@jaancapital.com
Call Us: 310-927-0127
