Investment Summary

FTV Capital Invests In Solid

On August 31, 2022, growth capital firm FTV Capital invested in software company Solid

Investment Highlights
  • This is FTV Capital’s 23rd transaction in the Software sector.
  • This is FTV Capital’s 96th transaction in the United States.
  • This is FTV Capital’s 25th transaction in California.
Investment Fate
  • Solid was sold to a financial buyer in 2024.

Investment Summary

Date 2022-08-31
Target Solid
Sector Software
Investor(s) FTV Capital
Deal Type Venture

Target

Solid

San Mateo, California, United States
Solid is a fintech-as-a-service platform that offers modern infrastructure for any company to launch and scale fintech products. Solid is based in San Mateo, California.

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Investor(S) 1

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 119 of 133
Sector: Software M&A 23 of 27
Type: Venture M&A Deals 31 of 31
State: California M&A 25 of 26
Country: United States M&A 96 of 105
Year: 2022 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 LogicSource

South Norwalk, Connecticut, United States

LogicSource is a provider of procurement services and technology solutions that helps companies increase profitability through better buying. LogicSource is based in South Norwalk, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 Tidal Financial Group

Chicago, Illinois, United States

Tidal Financial Group is a all-in-one ETF investment and technology platform facilitating the creation, operation and growth of ETFs for third parties. Tidal Financial Group is based in Chicago, Illinois.

Buy -