Private Equity Firm Financial Services

FTV Capital

San Francisco, California, United States

FTV Capital is a growth equity investment firm that invests in high-growth companies offering innovative solutions across financial technology and services, vertical software, enterprise technology and services, and healthcare technology and services.

Focus Areas
FinTech, Vertical software, Enterprise technology
Website
ftvcapital.com

Tracked deals

39

39 tracked deals across 2019-2026.

Recent pace

5

5 tracked deals announced in the last 12 months.

Deal mix

Growth capital

33 growth capital · 6 buyout

FTV Capital Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for FTV Capital. 1 2019 7 2020 3 2021 6 2022 1 2023 9 2024 10 2025 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 39 tracked deals for FTV Capital.

  • Buyer
    Zoovu, FTV Capital
    Target
    XGEN AI
    Industry
    Cloud & SaaS
    Type
    Buyout

    Zoovu announced its acquisition of XGEN AI to unify search, recommendations, personalization, guided selling, bundling, and conversational AI into a single AI-native product discovery engine for ecommerce. The combined platform targets enterprise B2C and B2B brands, with reported early production use at major retailers and brands such as Microsoft and Valentino. The deal is backed by FTV Capital; financial terms were not disclosed.

  • Buyer
    FTV Capital
    Target
    Valitana
    Industry
    Data & Analytics

    Valitana, a fintech provider of analytics, workflow, and portfolio management solutions for structured credit professionals, announced a significant growth equity investment from FTV Capital. The investment is intended to fund product innovation, deepen Valitana’s AI roadmap, and expand its platform across structured credit and adjacent markets such as CMBS, ABS, and ABL.

  • Buyer
    FundApps, SteelEye, FTV Capital
    Target
    FundApps, SteelEye
    Industry
    Cloud & SaaS
    Location
    London, United Kingdom
    Type
    Buyout

    FundApps and SteelEye entered into a definitive agreement to merge, combining FundApps’ regulatory reporting and monitoring with SteelEye’s trade and communications surveillance and analytics. FTV Capital, an existing FundApps investor, also provided additional equity investment to bring the two RegTech providers together. Financial terms were not disclosed.

  • Buyer
    FTV Capital, Forerunner Ventures
    Target
    DUOS

    DUOS, an AI-powered digital health platform, raised $130 million in a strategic growth equity round led by FTV Capital with participation from Forerunner Ventures. The capital will accelerate national expansion, deepen DUOS' AI capabilities, and scale its member activation and benefits-execution platform across Medicare Advantage, Medicaid and ACA plans; FTV partners joined DUOS' board and Jenn Kerfoot was promoted to President of Market Operations.

  • Buyer
    FTV Capital, Lead Edge Capital
    Target
    Highway

    Highway, a Carrier Identity platform for freight brokers, received a strategic minority growth equity investment led by FTV Capital with participation from Lead Edge Capital. The capital will be used to accelerate product diversification, expand go-to-market efforts, and scale Highway's Carrier Identity solutions across the freight broker ecosystem.

  • Buyer
    FTV Capital
    Target
    Saphyre
    Seller
    HCAP Partners
    Industry
    Software

    Saphyre, an AI-powered fintech platform for automating pre- and post-trade workflows, has closed a $70 million growth equity investment led by FTV Capital. The funding will support product innovation, accelerate go-to-market and international expansion, and deepen integrations across the financial services ecosystem; HCAP Partners announced it exited its equity stake as part of the transaction.

  • Buyer
    FTV Capital
    Target
    FundApps
    Seller
    Scottish Equity Partners
    Industry
    Cloud & SaaS
    Location
    England, United Kingdom

    FundApps, a London-based RegTech SaaS provider, received a significant growth equity investment from FTV Capital to accelerate product innovation, expand its platform and pursue opportunistic inorganic growth. The transaction represents a full exit for existing investor Scottish Equity Partners; financial terms were not disclosed.

  • Buyer
    FTV Capital
    Target
    N2F
    Seller
    PSG Equity
    Industry
    Cloud & SaaS
    Location
    Auvergne-Rhône-Alpes, France

    FTV Capital has made a growth equity investment in French spend-management SaaS provider N2F to accelerate product innovation, deepen AI capabilities, and fund international expansion. PSG Equity will exit its investment as part of the transaction announced June 3, 2025.

  • Buyer
    Zema Global, FTV Capital
    Target
    cQuant.io
    Industry
    Data & Analytics
    Type
    Buyout

    Zema Global has acquired cQuant.io, a cloud-native analytics provider for energy and commodities firms, with the business operating as a wholly owned subsidiary branded "A Zema Global Company." The acquisition, supported by Zema Global's investor FTV Capital, names cQuant.io CEO David Leevan President of Zema Global and expands Zema's data-to-analytics capabilities for energy, commodities and financial customers.

  • Buyer
    FTV Capital
    Target
    Windward
    Location
    District of Columbia, United States
    Type
    Buyout

    FTV Capital has completed a take-private acquisition of Windward, the maritime AI and analytics platform, delisting the company from the London Stock Exchange and establishing it as a privately held U.S. company. FTV will support Windward's product development and U.S. go-to-market expansion, and has joined the company's board to accelerate growth in government and commercial end markets.

  • Buyer
    FTV Capital
    Target
    Validus Risk Management
    Location
    England, United Kingdom

    Validus Risk Management, a London-based provider of risk-management software and tech-enabled services for private capital managers, received a $45 million minority growth equity investment from FTV Capital. The capital will be used to accelerate go-to-market efforts, expand into the United States and APAC, and fund technology and product innovation; FTV partner Mike Cichowski will join Validus' board.

  • Buyer
    FTV Capital, Lead Edge Capital, Fifth Wall
    Target
    ButterflyMX
    Industry
    Cloud & SaaS

    ButterflyMX, a cloud-based property access and security platform, received a significant growth equity investment led by FTV Capital with participation from Lead Edge Capital and Fifth Wall. The funding will support geographic expansion, accelerate new product offerings, and reinforce ButterflyMX's position in the property access control market; existing investors JMI Equity and Volition Capital remain on the company's board.

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