We’re excited to announce that Karl Mehta has joined the Menlo team as Venture Partner. Karl will focus on sourcing investments and serving as an advisor in the financial services, mobile payments, ecommerce and gaming spaces. He developed his expertise in these areas as Founder and CEO of PlaySpan, a Menlo “Hall of Fame” company who became the global leader in monetization as a service. Karl led PlaySpan from founding through a successful acquisition by Visa (NYSE:V).
In addition to his 20-plus years as a serial entrepreneur and investor, Karl was selected by the Obama Administration as a White House Presidential Innovation Fellow in 2012. The fellowship pairs top innovators from the private sector, nonprofits, and academia with top innovators in government to collaborate on solutions that aim to deliver significant results in six months. Karl also currently serves on the California Workforce Investment board, a position appointed to him by California Governor Brown.
Karl is a tenacious entrepreneur with a great eye for what’s coming next, a strong ability to execute, and an unprecedented understanding of the payments landscape. We look forward to collaborating with Karl as this exciting market evolves to produce the next set of market leaders.