A prominent private equity fintech player is betting big that the next big development in digital financial advice will happen in the back office. This will be a shift from the past decade, where the most impactful changes to advisor technology have been front-office oriented, said Robert Anderson, partner at FTV Capital, a growth private equity firm whose portfolio includes companies like Riskalyze and Docupace.
Greatness in growth equity investing is defined by much more than a firm’s ability to produce strong financial returns. In fact, solid returns are table stakes for being in the game. From a bird’s eye perspective, hundreds of growth equity firms are founded and
Our partner Kyle Griswold talks trends, creating value and team culture with RJ Lumba on the most recent GrowthCap podcast, which you can listen to here.
We are pleased to announce The Top 40 Under 40 Growth Investors of 2020. This year marks the seventh anniversary since we first began publishing the awards list. Notably, over the years our process of evaluating nominees has evolved as the growth equity field has become more competitive and nuanced. In addition to the formal nomination process where information on breadth of experience and performance metrics are reviewed, we also take into consideration third party feedback from CEOs and other executives... 8. KYLE GRISWOLD; Firm: FTV Capital; Title: Partner
Software billing startup Paddle has raised a £52 million ($68 million) Series C from investors including FTV Capital, Kindred Capital, Notion Capital, and 83North. Founded in 2012 by Christian Owens and Harrison Rose when they were just teenagers, Paddle has raised £72 million ($93 million) to-date. Owens dropped out of school to focus on the startup, and neither cofounder went to university.
Paddle, a platform that helps software-as-a-service (SaaS) companies grow globally by taking care of payments, checkout, subscription management, and licensing, has raised $68 million in a series C round of funding led by FTV Capital. The raise comes in what can only be described as a blockbuster year for SaaS companies, powered substantially by the push to cloud computing and the rapid embrace of remote working. Recent Gartner data indicates that the SaaS market is on track to hit $105 billion in 2020, a figure it projects to rise by 18% in 2021.
Lean Staffing Solutions (LSS), a staffing firm offering nearshored solutions in Colombia focused on transportation and logistics, announced Tuesday that it had raised a $42.5 million growth equity minority investment from FTV Capital. “Colombia is the fourth-largest business process outsourcing (BPO) market in Latin America with a $2.3 billion market size and an annual growth rate of 19% over the last seven years,” said Brad Bernstein, managing partner of FTV Capital, in a statement.
Lean Staffing Solutions (LSS), a staffing firm offering nearshored solutions in Colombia focused on transportation and logistics, announced Tuesday that it had raised a $42.5 million growth equity minority investment from FTV Capital. “Colombia is the fourth-largest business process outsourcing (BPO) market in Latin America with a $2.3 billion market size and an annual growth rate of 19% over the last seven years,” said Brad Bernstein, managing partner of FTV Capital, in a statement.
