All told it seems that the biggest tech companies are busy defending their market position instead of re-earning it with great products. A good time for startups? I think so. When incumbents are busy fighting with governments, themselves and each other, it’s a great time to show up, steal a march and build neat products that take away their momentum. On the funding front, we peeked at the neat Help Lightning round, the Agiloft investment and the Vertafore exit.
Founded in 1998, private equity firm FTV Capital pursues a theme-based growth strategy, focusing on high-growth companies in the enterprise technology, financial services, and payments and transaction processing space. It has also cultivated a Global Partner Network, a range of large financial services companies and individual investors, that can connect with FTV's portfolio companies to solve potential problems or fill outstanding needs.
Derivative Path, Inc. (DPI), a leading capital markets financial technology and services company, announced today that it has secured $35 million in growth equity funding from FTV Capital, a successful investor in innovative, high-growth companies within the enterprise technology and services, financial services, and payments and transaction processing sectors.
Ranked by Capital under management
This List includes private equity firms with offices and operations in the Bay Area, which is defined as Alameda, Contra Costa, Marin, San Francisco and San Mateo counties. Information was obtained from firm representatives, websites and PitchBook (pitchbook.com).
#22 - FTV Capital
FTV Capital is a growth equity investment firm that has raised over $3.7 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology & services, financial services and payments & transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth.
Growth equity firm FTV Capital has led a £78.4 million ($98 million) growth equity investment in Bought By Many, a rapidly growing pet insurance provider in the UK, the firm told PE Hub. In connection with the transaction, FTV vice president Mike Vostrizansky will join the company's board. Prior to this funding round, Bought By Many has raised £33.2M to date, Vostrizansky said. FTV's growth equity investment is intended to fuel product development, expand the growth of its customer base, increase market share in the UK and target further international expansion.
In the wake of FTV Capital's investment, David Knoch of 1st Global has been named CEO of Docupace. FTV Capital, a private equity firm that has invested in several fintech firms, has taken a majority equity stake in Docupace, which specializes in digitizing operational workflows.
FTV's ID.me joined hands with Slack to create a secure communication workspace for healthcare workers, while NewsCred is sourcing PPE masks and delivering them to NYC medical professionals. FTV Capital-backed enterprise technology companies are re-purposing an existing investment strategy to address the unexpected needs of healthcare workers fighting the coronavirus war.