Investment Summary

FTV Capital and Lead Edge Capital Invest In Highway

On August 20, 2025, growth capital firms FTV Capital and Lead Edge Capital invested in internet software and services company Highway

Investment Highlights
  • This is FTV Capital’s 28th and Lead Edge Capital’s 27th transaction in the Internet Software and Services sector.
  • This is FTV Capital’s 104th and Lead Edge Capital’s 43rd transaction in the United States.
  • This is FTV Capital’s 6th and Lead Edge Capital’s 4th transaction in Texas.

Investment Summary

Date 2025-08-20
Target Highway
Sector Internet Software and Services
Investor(s) FTV Capital
Lead Edge Capital
Deal Type Growth Capital
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Highway

Dallas, Texas, United States
Highway is a technology provider specializing in carrier Identity solutions for freight brokers, empowering them to reduce fraud and streamline the digital booking process. Highway was founded in 2022 and is based in Dallas, Texas.

Search 214,107 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

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 132 of 133
Sector: Internet Software and Services M&A 28 of 29
Type: Growth Capital M&A Deals 57 of 58
State: Texas M&A 6 of 6
Country: United States M&A 104 of 105
Year: 2025 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-15 FundApps

London, United Kingdom

FundApps is a regulatory compliance software provider to the global financial services market. The company provides a comprehensive automated solution which covers interpretation and application of regulatory reporting rules, together with the automated creation of regulatory submissions. The software platform is a business critical tool which is used on a daily basis by a growing and active community of customers. FundApps was founded in 2010 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-09 Duos Living

Minneapolis, Minnesota, United States

Duos Living is an AI-powered digital health company built to help health plans drive measurable performance by guiding members through coverage, care. Duos Living is based in Minneapolis, Minnesota.

Buy -
Investor

Lead Edge Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
PE ASSETS 5.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lead Edge Capital is a growth capital firm focused on software, internet, consumer, and tech-enabled services companies. The Firm has no geographic preferences and will consider both private and public company investments. Leading Edge's investment size is $25 to $300 million. Lead Edge Capital was established in 2009 and is headquartered in New York, New York.


DEAL STATS #
Overall 53 of 54
Sector: Internet Software and Services M&A 27 of 27
Type: Growth Capital M&A Deals 12 of 12
State: Texas M&A 4 of 4
Country: United States M&A 43 of 44
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-02 Hakkoda

New York, New York, United States

Hakkoda is a snowflake services provider helping its customers unlock the power of their data. Through the deployment of scalable teams. Hakkoda offers a range of data modernization services including cloud migration, data governance, strategy & architecture, and BI. Hakkoda was founded in 2021 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-18 Azul Systems

Sunnyvale, California, United States

Azul Systems provides Java runtime and virtual machine software for enterprise applications, with the platform offering improved performance, security and cloud-deployment capabilities for Java environments. Azul Systems was founded in 2002 and is based in Sunnyvale, California.

Sell -