An Operator-led Exit For Software and Service Entrepreneurs

Jaan Capital Is Not: Private Equity

Your role post-sale is flexible

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We preserve legacy and culture

We aim to acquire and operate a single B2B software or professional services business and foster long-term organic growth by investing in its people and systems.

In addition to operational growth, Raj has also pursued inorganic growth and has completed four operator-led acquisitions (platform and add-ons).

When is Jaan the Right Fit?

We work best with founders who care about the future of their business, not just the transaction.

Not a typical search fund.

Most search funds are run by first-time buyers with no operating track record. Raj has led and scaled a vertical software business through significant operational investment and revenue growth, resulting in a successful exit. That changes how we evaluate deals, how we treat sellers, and how we run businesses after close.

Our Criteria

B2B Vertical SaaS

Software embedded in daily customer operations: sticky, recurring, and hard to replace.

  • Revenue $3–15M
  • Recurring revenue ≥ 40%
  • EBITDA margin ≥ 15%
  • ARR growth ≥ 10%
  • Gross retention > 90%
  • Single customer < 20%

B2B Operations Businesses

Essential business processes for clients under long-term, recurring relationships.

  • Revenue $10M+
  • EBITDA ≥ $2M
  • Revenue base Strongly recurring

What Matters to Us

The qualities that contribute to the growth and success of a business.

  • Teams proud of their work
  • Long-term customer relationships
  • Central to customers' operations
  • Industries with durable demand
  • Strong company culture

How we're different

01
Proven Leadership

Raj has led and scaled a vertical software business through significant operational investment and a successful exit. He brings firsthand operator experience, not financial buyer theory.

02
Deal Flexibility

We offer flexibility around deal structure and post-close involvement. Founders can stay involved, transition roles, or step back entirely.

03
Investor Support

Backed by experienced operators and CEO investors who have scaled multi-million dollar software and services businesses over decades.

04
People First

Strong businesses are built by strong teams. Raj prioritizes long-term trust and transparency with employees, customers, and partners.

05
Growth, Not Cost-Cutting

Our approach focuses on long-term growth. We invest in what already works and build from there.

06
Focused Investment

A focused, hands-on investment. Raj commits his time, energy, and capital to help the business grow through better systems, sales, and execution.

Raj Mahajan

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. He more than doubled revenue while maintaining profitability and completing a tuck-in acquisition.

Raj brings over two decades of leadership in entrepreneurship, finance, and M&A across multiple industries and continents. Raised in Palos Verdes, CA, he earned his undergraduate degree from Boston University and his MBA from the University of Southern California.

A founding board member of YPO's Waterloo Austin Chapter and former board member of the Minnesota State Chamber of Commerce. Strategic advisor to Victoriam Equity.

10,000+
Salon locations on SuperSalon
~3×
Revenue growth during his tenure
USC MBA
Entrepreneurship & Strategy
80+
Countries visited
Professional
Raj Raj Raj Raj Raj
Outside of Work
Raj Raj Raj Raj Raj
Press & Speaking

In the News

Talk · Business of Software
Fragile Deals, Enduring Lessons
Interview · YouTube
60% Concentration That Killed an Exit
The Team
Cue
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Cue Cue Cue
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.

Wally
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Wally Wally Wally
Wally

Wally is a first-generation college student whose parents emigrated from Afghanistan and settled in Southern California. His strong work ethic and entrepreneurial mindset were shaped by his upbringing and a deep desire to honor his parents' sacrifices.


After completing his undergraduate studies, Wally worked in software sales for over five years at HubSpot and BILL, developing expertise in lead generation, opportunity qualification, negotiation, and deal execution. He is currently pursuing his MBA at USC Marshall (Class of 2027) with a focus on entrepreneurship through acquisition.


At Jaan Capital, Wally conducts company and industry analysis, deal sourcing, and due diligence. His blend of sales experience and MBA financial training spans business development, relationship management, company valuation, and financial analysis.


Outside of work, Wally enjoys soccer, pickleball, fitness, travel, and cold plunging. He has visited 17 countries and counting.

Testimonials

What Raj's Past Colleagues Have to Say

"

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
Cory
"

In the early days of Raj's acquisition of SuperSalon (ProPoint Global) I was impressed with his openness to listen and learn first. He took the time to seek counsel from key customers to understand their pain points and what enhancements they would like to see to the product and the company. By doing so, he was able to create lasting relationships built on trust and understanding. He didn't make promises, but he promised to listen and make good business decisions.

With his leadership, at the height of our biggest initiative, he was able to marshal the right resources at the right time to ensure success for both his company and ours. Raj is a resourceful, pragmatic leader whose 'get it done attitude' is an asset to whomever he associates himself with.

Courtney, Former ProPoint Customer, VP of Operations, Regis Corp
Courtney
"

I had the opportunity to report to Raj at ProPoint Solutions for nearly two years, and I can confidently say he is one of the most exceptional CEOs I've worked with. Raj brought me on as the company's first dedicated HR leader, trusting me to support his vision as ProPoint scaled rapidly. From day one, Raj was an incredibly collaborative leader. Together, we drove key people and culture initiatives that enhanced both employee and customer experiences.

Our collaboration began during the COVID-19 pandemic, a time of immense pressure for businesses worldwide. Raj's steady leadership was a beacon, balancing team advocacy, customer focus, and investor alignment. His empathy, resilience, and ability to maintain a thriving culture amid unprecedented obstacles were remarkable.

Raj is the real deal: a seasoned CEO with a strategic mindset that drives business growth and a keen ability to attract top talent. His openness, energy, and commitment to fostering strong relationships make him an exceptional leader to work with.

Darcy, Former VP of HR, ProPoint / SuperSalon
Darcy
"

I began working with Raj when he acquired ProPoint. From day one, Raj respected the existing legal partnership, engaging with our team to understand the customer base and legal considerations thoroughly. He valued our historical knowledge and applied it strategically to support ProPoint's growth objectives. Over the six years we worked together, we collaborated on projects including customer agreements and intellectual property protection, where Raj's emphasis on clear communication and teamwork made a real difference.

One notable example was Raj's approach to standardizing customer contract language. Rather than implementing changes unilaterally, he took the time to interview customers and gather feedback, ensuring alignment and earning significant goodwill. This thoughtful approach strengthened ProPoint's relationships with both customers and partners.

I highly recommend Raj as a CEO for any organization focused on growth through collaboration. His respect for established relationships, combined with his strategic insight and communication skills, make him an exceptional leader and partner.

Heather, ProPoint / SuperSalon Vendor, Attorney, Merchant Gould
Heather
"

I had the privilege of working under Raj Mahajan during his tenure as CEO of ProPoint Solutions, and I can confidently say that his leadership transformed our organization. Raj brought a remarkable ability to grow and evolve the business. His strategic vision and dedication drove significant improvements across operations, ultimately positioning the company for sustained success.

Raj consistently prioritized the well-being of employees, customers, and vendors, ensuring that every decision reflected the company's core values. As someone who was with Rogers/ProPoint during the acquisition, I initially had the usual concerns about potential changes under new leadership. Those concerns were quickly put to rest. Raj led with transparency, addressed challenges head-on, and consistently demonstrated a genuine commitment to doing what was right.

His combination of business acumen, investment in people, and values-driven leadership is rare and it makes all the difference.

Jennifer, Former Sales / Account Rep, ProPoint / SuperSalon
Jennifer
"

I had the pleasure of working with Raj Mahajan as the SVP of Corporate Development/M&A. Raj demonstrated exceptional leadership in identifying strategic opportunities and structuring acquisitions to drive growth and efficiency. His thoughtful approach to milestone planning and revenue optimization showcased his sharp understanding of value creation and long-term strategy. Raj's ability to secure funding and streamline operations further underscored his solid financial acumen and operational insight.

Beyond his technical skills, Raj is a leader who genuinely connects with his team, fostering a collaborative environment where everyone is motivated. His clear communication and support for each team member bring out the best in others, creating a culture of high performance and shared purpose. Raj's combination of strategic thinking, decision-making ability, and people-centered leadership makes him a standout executive. I would welcome the opportunity to work with him again.

Leah, Former Colleague, VP of Finance at Zenoti
Leah
"

Under Raj's leadership, our company consistently exceeded its objectives, thanks to his exceptional ability to inspire and align teams toward a common vision. What stood out most to me was Raj's unwavering commitment to fostering a strong, inclusive company culture. He prioritized transparency, collaboration, and respect, creating an environment where everyone felt valued and motivated to do their best work.

Raj's ability to listen, offer thoughtful guidance, and make empathetic yet clear decisions earned him the respect and loyalty of the entire team. Raj is one of the most effective leaders I've worked with, combining strategic insight with compassion. His balance of decisiveness and empathy empowers individuals to reach their full potential, making him a truly inspiring and impactful leader.

Michelle, Former Director of Customer Success, ProPoint / SuperSalon
Michelle
"

Raj entered our business life through an acquisition of the software company we relied on for our locations. We had a strong relationship with the previous owner, who worked closely with us to customize the product to our needs. When we learned of the sale, we were initially skeptical about potential changes.

Raj quickly put us at ease by reaching out to discuss his vision. He took the time to understand our history with the product and assured us he wouldn't make changes until he fully understood our needs. Raj was patient, listened, and demonstrated his integrity by consistently delivering on his promises.

Under Raj's leadership, our partnership not only remained intact but grew stronger, with his team often exceeding our expectations. His transparent, collaborative approach saved us stress, built trust, and brought real value. Raj is a leader who's committed to continuous improvement, honest about challenges, and appreciative of his team's successes, a rare and invaluable partner.

Patty M., Former ProPoint Customer, 30+ Locations
Patty M.
"

I worked with Raj for 3 years at ProPoint Solutions/Zenoti and would recommend him highly to lead any organization looking for an effective CEO. Throughout our time working together Raj maintained a focus on providing value to customers and shareholders and bringing in top talent. Raj created a culture where there were no egos, agendas, or rivalries on the staff, and because of that, the team stayed focused on serving the customers.

Raj was a key resource for the sales organization in working with customers and prospects. While he was always available to help the GTM team, he provided everybody the autonomy to do their jobs without feeling like they were micromanaged.

Whether it was doing more with less, successfully navigating the challenges from the pandemic, or finding creative M&A solutions, Raj had an ability to rise to every challenge and push the company forward.

Ryan, Former Head of Revenue, ProPoint / SuperSalon
Ryan
Built by a seasoned operator. Backed by experts.

Strategic Backers

Jaan Capital 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.

The Name

"Jaan"

The name 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.

Let's talk about your next chapter

Whether you're ready to move forward or simply exploring ideas, we're happy to connect and see where the conversation takes us.