Investment Summary

PSG and FTV Capital Invest In N2F

On March 6, 2023, growth capital firms PSG and FTV Capital invested in internet software and services company N2F

Investment Highlights
  • This is PSG’s 45th and FTV Capital’s 27th transaction in the Internet Software and Services sector.
  • This is PSG’s 8th and FTV Capital’s 1st transaction in France.

Investment Summary

Date 2023-03-06
Target N2F
Sector Internet Software and Services
Investor(s) PSG
FTV Capital
Deal Type Growth Capital

Target

N2F

Auvergne-Rhone-Alpes, France
N2F is a fully connected mobile & web app expense management solution that digitizes the entire process of logging, approving, and archiving expense reports, simplifying the daily life of accountants, managers, and employees. N2F combines features such as smart-scanning, tax-compliant archiving, real-time monitoring, and AI-powered anti-fraud in a user-friendly and intuitive application. N2F’s software solution provides native integrations with accounting software, banks, travel agencies, or fleet management solutions. N2F was founded in 2015 and is based in Auvergne-Rhône-Alpes, France.

Search 214,876 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

Investor

PSG

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 105 of 130
Sector: Internet Software and Services M&A 45 of 50
Type: Growth Capital M&A Deals 53 of 74
Country: France M&A 8 of 9
Year: 2023 M&A 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Nomentia

Espoo, Finland

Nomentia offers native cloud solution for corporates and enterprises of all sizes to connect to any bank worldwide, manage their payments irrespective of currencies, payment formats or ERP systems, build accurate cash forecasting and analytics on cash, and to automate the management of cashflows. Nomentia was founded in 2004 and is based in Espoo, Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-09 MentorcliQ

Columbus, Ohio, United States

MentorcliQ is a provider of full-featured mentoring software platform for recruiting, enrolling, matching, managing, and measuring participants in mentoring and other employee development programs. MentorcliQ was founded in 2012 and is based in Columbus, Ohio.

Buy -
Investor

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


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

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 122 of 133
Sector: Internet Software and Services M&A 27 of 29
Type: Growth Capital M&A Deals 52 of 58
Country: France M&A 1 of 1
Year: 2023 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-25 ConnexPay

St. Paul, Minnesota, United States

ConnexPay is a payments technology company that integrates payments acceptance and issuance inside a single platform. ConnexPay continues to focus on travel while also serving related verticals that function as payment intermediaries, such as online marketplaces, delivery services, ticket brokers, emerging fintechs, and insurance and warranty providers. ConnexPay was founded in 2017 and is based in St. Paul, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-09 Masttro Holdings

New York, New York, United States

Masttro Holdings wealth tech company serving family offices, financial advisors and large institutions managing the wealth of ultra-high-net worth (UHNW) families. Masttro Holdings was founded in 2010 and is based in New York.

Buy -