Before co-founding Eniac Ventures in 2009, Nihal Mehta founded five startups himself, including ipsh!, acquired by Omnicom, and LocalResponse, acquired by BlueCava - a founder-first background that shaped Eniac's seed-stage, product-market-fit-focused approach ever since. The firm has grown its platform model with each successive fund, closing its sixth, at $160 million, in 2025, and continues to invest specifically at the seed stage across technology, software, robotics, and SaaS.
No public portfolio exit yet - Eniac has focused exclusively on seed-stage investing since 2009