The venture capital firm with a fintech focus said the latest fundraising brings the total raised since its founding to $10
The $4.05 billion raised by FTV in this fundraising spans two complementary funds, the firm said in its news release. That includes money for the latest fund in the flagship series, FTV VIII, and a new fund category focused on smaller investments, called FTV Ascend.
Both funds surpassed their fundraising targets, the news release said.
FTV's portfolio is made up entirely of fintech B2B company investments. The companies FTV has invested in include Vagaro, a payments company that works with salons, spas and fitness centers, and Ebanx, a cross-border payment processor.
The firm deployed $1.6 billion in 2024, and reaped about $1 billion in value, the release said.
The companies FTV invested in last year include Englewood, Colorado-based BillingPlatform, a payments software company; Redwood City, California-based software management company Agiloft; and the analytics company Zema Global Data Corporation, based in Greenwood Village, Colorado.
Fintech funding declined in 2024, according to markets intelligence firm CB Insights. Fintech companies raised a total of $24.6 billion during the first three quarters of 2024, which was lower than the $32.6 billion raised by fintech companies in the same period in 2023, and less than half the $69.4 billion raised in the first three quarters of 2022.
By Patrick Cooley on Jan 9, 2025
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