SEVA has made a significant minority investment in Serif Health, a San Francisco-based provider of healthcare price transparency data and intelligence, for undisclosed terms.

The proceeds from the transaction will be used to accelerate Serif's sales and growth initiatives, and its pipeline of new product functionality and data APIs.

In conjunction with the transaction, Shalin Mehta, SEVA founder and managing partner, will also join Serif's board of directors as part of the agreement.

"Serif has become the gold standard in healthcare pricing transparency and innovation by providing a critical platform that enables its blue-chip healthcare clients to make fully informed decisions," said SEVA's Shalin Mehta. "SEVA is excited to support Rafiq and his team as they continue to build upon Serif's momentum."

Serif Health launched in 2020.