Investment Summary

Da Vinci Capital Management, Euroventures and FTV Capital Invest In DataArt

On November 12, 2018, private equity firm Da Vinci Capital Management, private equity firm Euroventures and growth capital firm FTV Capital invested in information technology company DataArt

Investment Highlights
  • This is Da Vinci Capital Management’s 4th, Euroventures’ 1st and FTV Capital’s 23rd transaction in the Information Technology sector.
  • This is Da Vinci Capital Management’s 1st, Euroventures’ 2nd and FTV Capital’s 75th transaction in the United States.
  • This is Da Vinci Capital Management’s 1st, Euroventures’ 1st and FTV Capital’s 12th transaction in New York.

Investment Summary

Date 2018-11-12
Target DataArt
Sector Information Technology
Investor(s) Da Vinci Capital Management
Euroventures
FTV Capital
Deal Type Growth Capital

Target

DataArt

New York, New York, United States
website
DataArt is a global technology consultancy that designs, develops, and supports unique software solutions. Recognized for their deep domain expertise and superior technical talent, DataArt teams create new products and modernize complex legacy systems that affect technology transformation in select industries. DataArt was founded in 1997 and is based in New York City.

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Investor(S) 3

DESCRIPTION

Da Vinci Capital Management is a private investment group focused on Eastern Europe, Ukraine, and Russia. The Firm looks to invest $10 to $20 million to fund growth capital financings and buyouts of mid-sized companies in the financial Infrastructure, payment processing, business services, IT, and consumer services sectors. Da Vinci Capital Management was established in 2007 and is headquartered in Guernsey.


DEAL STATS #
Overall 7 of 8
Sector (Information Technology) 4 of 4
Type (Growth Capital) 6 of 6
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Gett

London, United Kingdom

Gett is a technology platform focused on solving these challenges and focused on two things: 1) aggregating different vendors on a single platform, and 2) managing corporate spend on ground transportation. Gett was founded in 2010 and is headquartered in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-20 ITI Funds

Guernsey, Cayman Islands

ITI Funds is an innovative and multi-product asset management platform. ITI Funds manages ETF, Hedge Fund, and Digital Assets platforms. ITI Funds was founded in 2015 and is based in Guernsey, Cayman Islands.

Buy -
Investor

Euroventures

Budapest, Hungary

Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 110M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Euroventures Zrt. is a private equity firm that targets smaller company investments in Central Europe. Euroventures looks to partner with management and will consider businesses in a wide range of sectors. The Firm targets businesses valued between EUR5 and EUR30 million. Euroventures was formed in 1989 and is based in Budapest, Hungary.


DEAL STATS #
Overall 13 of 14
Sector (Information Technology) 1 of 1
Type (Growth Capital) 5 of 5
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-09 Eutecus

Berkeley, California, United States

Eutecus, Inc. is an embedded software and configurable processor solutions provider for critical video and multi-sensory analytics systems.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-25 Logiscool

Budapest, Hungary

Logiscool is a provider of coding and digital education for kids and teens. Logiscool helps children become more skillful, confident, and prepared for a digital future by using a unique education platform and teaching method that provides the most effective learning and fun experience tailored to any age and knowledge level. Logiscool was founded in 2014 and is based in Budapest, Hungary.

Buy -
Investor

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Management Company, L.P. (FTV Capital) is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.


DEAL STATS #
Overall 87 of 117
Sector (Information Technology) 23 of 26
Type (Growth Capital) 30 of 51
State (New York) 12 of 12
Country (United States) 75 of 96
Year (2018) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 Strata Fund Solutions

Salt Lake City, Utah, United States

Strata Fund Solutions is a full-service administration company providing high-quality administration and consulting services to the alternative investments industry. Strata Fund's focus is on unparalleled service to hedge funds, private equity funds, funds of funds, and managed accounts. Strata Fund Solutions was founded in 2008 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 Vagaro

Pleasanton, California, United States

Vagaro is a cloud-based business management platform for the salon, spa, and fitness industry. Businesses in the United States, Canada, the United Kingdom, and Australia use Vagaro’s cloud-based software to manage all aspects of their operations and to market their services to local customers. Consumers choose Vagaro to search for and book services in their community at their convenience. Vagaro is easy-to-use and works on any device. Vagaro is based in Pleasanton, California.

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