FTV Capital
FTV Capital is a sector-focused growth equity firm founded in 1998, investing $20M–$300M+ in high-growth financial technology, vertical software, enterprise technology, and healthcare technology companies across the U.S. and Europe, differentiated by its FTV Propel operational team and Global Partner Network.
- Company typePrivate
- Founded1998
- HeadquartersSan Francisco, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What FTV Capital does
FTV Capital is a sector-focused growth equity investment firm founded in 1998 (originally as FTVentures) and headquartered in San Francisco, with additional offices in New York, London, and Connecticut. The firm invests between $20 million and $300+ million per company in high-growth technology-enabled businesses, targeting portfolio companies with $10–100 million in annualized revenue and 20%+ historical or near-term growth. Investments are concentrated across four consistent verticals: financial technology and services, vertical software, enterprise technology and services, and healthcare technology and services. Since inception, FTV has raised over $10.2 billion across fund vintages, including a record $4.05 billion close in January 2025, and has invested in 150+ companies that have collectively created more than $45 billion in enterprise value.
The firm differentiates from typical growth equity peers through two proprietary value-add platforms: FTV Propel, an in-house team of operational specialists providing hands-on support in business development, sales, talent, technology, finance, legal, and marketing; and the Global Partner Network, a curated network of 600+ executives from leading enterprises that generates 350+ annual commercial introductions to portfolio companies. The firm reviews 10,000+ companies annually to source deal flow thematically. FTV received a strategic minority investment from Blackstone GP Stakes in 2023, and in February 2026 promoted Adam Hallquist to Partner to lead the FTV Ascend strategy. The firm has been recognized by BluWave as a Top Private Equity Innovator 2026.
FTV's revenue model is the standard two-stream private equity economics: recurring management fees charged to limited partners on committed capital, and performance-based carried interest (typically 20% of profits above the hurdle) from successful realizations. The firm is privately held under FTV Management Company, L.P., incorporated in Delaware, and is not publicly traded.
FTV Capital firmographics
Firmographics- Name
- FTV Capital
- Legal name
- FTV Management Company, L.P.
- Website
- https://ftvcapital.com
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- FTV Capital is a sector-focused growth equity firm founded in 1998, investing $20M–$300M+ in high-growth financial technology, vertical software, enterprise technology, and healthcare technology companies across the U.S. and Europe, differentiated by its FTV Propel operational team and Global Partner Network.
- Ownership category
- akta.pro rank
FTV Capital industry classification
Industry- Product category
- Growth Equity Investment
- NAICS
- Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Financial Services / Fintech Growth Equity (FSANACAE)
- akta.pro secondary industry
- Technology & Software Growth Equity (FSANACAA)
Keywords
Where FTV Capital is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
FTV Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Management Fees: Annual management fees charged to fund investors (LPs) based on committed capital
- Carried Interest: Performance-based carried interest from successful fund investments, typically 20% of profits above the hurdle rate
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
FTV Capital product offering
Product offeringCore offering
FTV Capital is a growth equity investment firm that partners with high-growth technology companies by providing equity capital of $20 million to $300+ million per investment, alongside operational expertise through its FTV Propel team and strategic commercial connections through a Global Partner Network of 600+ executives. The firm focuses on four sectors: Financial Technology and Services, Vertical Software, Enterprise Technology and Services, and Healthcare Technology and Services.
Product overview
FTV Capital is a sector-focused growth equity investment firm offering investment services and operational support to high-growth companies. The firm provides growth equity capital alongside two key service offerings: FTV Propel (an in-house team of operational specialists) and the Global Partner Network (a strategic network of 600+ executives). FTV Capital invests across four core sectors: Financial Technology and Services, Vertical Software, Enterprise Technology and Services, and Healthcare Technology and Services.
Differentiator
Problem solved
Functional benefit
Products and services
- FTV Propel In-house team of operational specialists offering best practices and hands-on support to portfolio companies across business development, sales strategy, talent management, technology scaling, marketing, finance, and M&A activities. Provided as part of the firm's growth equity offering to portfolio companies.
- Global Partner Network Proprietary strategic network of more than 600 executives from leading enterprises providing market feedback and commercial introductions to portfolio companies, facilitating over 350 business development introductions annually and creating network-effect advantage for growth equity portfolio companies.
Quantifiable outcome
- Nearly 4x average revenue growth from investment to exit
- +2 more outcomes
Companies that use FTV Capital
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
FTV Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
FTV Capital partnerships and signals
Strategic signalScale indicators8 records
Recent moves7 records
Expansion highlights6 records
FTV Capital competitors and assessment
Company assessmentDirect peers
- TA Associates: TA Associates is a leading global growth equity firm investing in profitable, high-growth companies across technology, financial services, healthcare, and consumer—directly overlapping FTV's four core sector verticals and check size range.
- Summit Partners: Summit Partners is a growth equity firm investing in technology, healthcare, and growth services companies. It competes with FTV in fintech, vertical SaaS, and healthcare technology at similar growth-stage check sizes.
- Insight Partners: Insight Partners is a global growth equity and venture capital firm focused on high-growth technology and software investing. It is a direct competitor in vertical SaaS and enterprise technology with overlapping portfolio themes.
- JMI Equity: JMI Equity is a growth equity firm focused on high-growth software and tech-enabled services companies. It is a direct peer in vertical SaaS and enterprise software with similar investment sizing.
- General Atlantic: General Atlantic is a global growth equity firm providing capital and strategic support to growth-stage companies across technology, financial services, and healthcare—directly comparable to FTV's four-sector focus and check size range.
- Bain Capital Growth: Bain Capital Growth is the growth equity arm of Bain Capital, investing in technology and tech-enabled services companies at similar check sizes to FTV. It directly competes in vertical SaaS and fintech growth investments.
- Accel-KKR: Accel-KKR is a technology-focused growth equity firm that invests in middle-market software and tech-enabled services businesses. It is a direct competitor in vertical SaaS and enterprise technology growth equity.
Broad incumbents
- Thoma Bravo: Thoma Bravo is a large software-focused private equity firm. While primarily buyout-oriented, it increasingly competes with FTV in growth-stage vertical SaaS, representing a much larger incumbent in the same sector theme.
- Vista Equity Partners: Vista Equity Partners is a major software-focused PE firm. As a broad incumbent in enterprise and vertical software, Vista is a larger competitor that overlaps with FTV's enterprise technology and vertical software investments.
Emerging players
- Permira Growth: Permira Growth is the growth equity strategy of Permira, focused on technology-enabled services in financial services, healthcare, and consumer. It is an emerging growth equity player with thematic overlap with FTV's fintech and vertical SaaS focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
FTV Capital social profiles
Digital presenceFTV Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
FTV Capital leadership team
Management profileNumber of profiles
Profiles17 records
FTV Capital funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FTV Capital M&A and investment
M&A and investmentM&A5 records
Investments166 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FTV Capital
What does FTV Capital do?
FTV Capital is a growth equity investment firm that partners with high-growth technology companies by providing equity capital of $20 million to $300+ million per investment, alongside operational expertise through its FTV Propel team and strategic commercial connections through a Global Partner Network of 600+ executives. The firm focuses on four sectors: Financial Technology and Services, Vertical Software, Enterprise Technology and Services, and Healthcare Technology and Services.
Is FTV Capital a public or private company?
FTV Capital is a private company. It is classified as management employee owned and is currently operating.
When was FTV Capital founded?
FTV Capital was founded in 1998. It employs 101 to 250 people.
Where is FTV Capital based?
FTV Capital is headquartered in San Francisco, United States, in the North America region.
How does FTV Capital make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Who are FTV Capital's main competitors?
Direct peers on record are TA Associates, Summit Partners, Insight Partners, JMI Equity, General Atlantic, Bain Capital Growth and Accel-KKR. Broad incumbents are Thoma Bravo and Vista Equity Partners. Permira Growth is listed as an emerging player.
Does FTV Capital have an API?
No public API is recorded for FTV Capital.
What industry is FTV Capital in?
FTV Capital's product category is Growth Equity Investment. Its primary akta.pro industry code is FSANACAE, Financial Services / Fintech Growth Equity, with a secondary code of FSANACAA, Technology & Software Growth Equity. Its NAICS code is 52394 and its SIC code is 6282.