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FinTech BoostUP > Fundraising Stories > FTV Capital successfully closes a $4.05 billion growth equity fundraising round
FYV capital

FTV Capital successfully closes a $4.05 billion growth equity fundraising round

By FinTech BoostUP
Posted On 21 January 2025
2 minutes read
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FTV Capital, a San Francisco, CA-based sector-focused growth equity investment firm, announced the completion of its latest fundraise with $4.05 Billion in capital commitments.

Spanning two complementary funds, its eighth flagship fund, FTV VIII, and a new vehicle dedicated to smaller investments, FTV Ascend I, the new capital allows FTV to deepen and expand its approach to supporting innovative, high-growth companies with equity checks ranging from $20M to $300M while maintaining a concentrated portfolio of investments in its funds.

With this fundraise, FTV has raised over $10.2 Billion, invested over $6.7 Billion in 149 portfolio companies and realized over $7.4 Billion since the firm was founded in 1998.

In 2024, the firm deployed a record $1.6 Billion and generated over $1.0 Billion in realizations. New investments include Arden, BillingPlatform, Kore.ai, Orbus Software, ParkHub, VALD and Zema Global. Significant realizations include Agiloft, Docupace, Egress and Tango Card.

With this fundraise, FTV also announced the expansion of its leadership team with several promotions, including:

  • Karen Derr Gilbert, who joined FTV in 1999 and became partner in 2013, will assume an expanded leadership role as partner and chief operating officer, in which she will lead strategic initiatives to help effectively drive the firm’s growth.
  • Mike Cichowski, who joined the firm in 2023 as a partner, was named co-head of FTV Ascend.
  • Alex Malvone was promoted to partner and co-head of FTV Ascend, alongside Cichowski.
  • Brent Fierro was promoted to partner.
  • Paul Cabral, chief financial officer, was promoted to partner.

FTV Capital is a sector-focused growth equity investment firm that has raised more than $10.2 Billion to invest in innovative, high-growth companies across two sectors: enterprise technology and services and financial technology and services. It also provides companies with access to its Global Partner Network®, a strategic group of more than 500 executives from financial services firms and FTV Propel®, an in-house team of seasoned operational leaders who deliver counsel and resources across a range of critical business functions.