Venture • Internet Software and Services

Columbia Capital and FTV Capital Invest In BillingPlatform

On December 18, 2019, growth capital firms Columbia Capital and FTV Capital invested in internet software and services company BillingPlatform

Investment Context
  • This is Columbia Capital’s 2nd and FTV Capital’s 20th transaction in the Internet Software and Services sector.
  • This is Columbia Capital’s 10th and FTV Capital’s 80th transaction in the United States.
  • This is Columbia Capital’s 2nd and FTV Capital’s 5th transaction in Colorado.

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Investment Summary

Date December 18, 2019
Target BillingPlatform
Sector Internet Software and Services
Investor(s) Columbia Capital
FTV Capital
Deal Type Venture

Target Company

BillingPlatform

Denver, Colorado, United States
BillingPlatform is a cloud-based revenue management solution enabling enterprises to automate complex billing, subscription, and revenue recognition processes across diverse pricing models. BillingPlatform was founded in 2012 and is based in Denver, Colorado.
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Investors Overview 2

Investor

Columbia Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 7.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Columbia Capital is a growth capital firm focused on the IT sector. The Firm looks to commit $15 to $40 million to growth stage North American and Western European companies operating in the enterprise IT, internet infrastructure, and mobile communications sectors. Columbia Capital was established in 1989 and is headquartered in Alexandria, Virginia.


Deal Context for Investor #
Overall 12 of 26
Sector: Internet Software and Services 2 of 2
Type: Venture 4 of 10
State: Colorado 2 of 2
Country: United States 10 of 18
Year: 2019 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-12 2nd Watch

Seattle, Washington, United States

2nd Watch is a global system integrator, software, and deployment firm focused on IT operations. 2nd Watch offers a unique combination of software, services, and analytics to make leveraging the cloud simple. 2nd Watch was founded in 2010 and is based in Seattle, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 NextNav

Reston, Virginia, United States

NextNav is a provider of high-precision location services for mobile and wireless applications, delivering accurate positioning indoors and in GPS-challenged environments. NextNav was founded in 2007 and is based in Reston, Virginia.

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 Context for Investor #
Overall 94 of 133
Sector: Internet Software and Services 20 of 29
Type: Venture 25 of 31
State: Colorado 5 of 5
Country: United States 80 of 105
Year: 2019 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 Empyrean Benefit Solutions

Houston, Texas, United States

Empyrean Benefit Solutions, Inc. is a provider of technology and services for managing large and middle-market employers’ health and benefits programs. Empyrean provides enrollment, eligibility management, and a range of other plan administration services to three distinct markets: employers, insurance brokers, and healthcare exchanges. Empyrean Benefit Solutions was founded in 2006 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 Security Compass

Toronto, Ontario, Canada

Security Compass is a software security company that offers professional advisory services, training, and SD Elements, a first-of-its-kind policy to procedure platform. Security Compass help to eliminate security vulnerabilities in mission-critical applications, so that regulatory and compliance standards are easily met. Security Compass was founded in 2005 and is based in Toronto, Ontario.

Buy -