FTV Capital, an NYC and San Francisco, CA-based growth equity investor, added Kapil Venkatachalam as partner.
Venkatachalam will focus on investments in innovative, high-growth businesses in B2B software and technology-enabled services, further strengthening the firm’s deep expertise and track record in this sector over the last 24 years.
Venkatachalam, a seasoned software investor joined FTV after leaving TCV where he invested in the software and tech enabled services sectors. This included security and analytics as well as vertical software. He was a Goldman Sachs technologist and investment banker before joining TCV.
Venkatachalam will be based out of FTV’s New York office.
FTV Capital, a sector-focused equity investment firm, has raised $6.2 million to invest in high growth companies in three sectors: financial services, enterprise technology and services, payments and transaction processing, and financial services. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. The firm was founded in 1998 and has invested in more than 130 portfolio companies such as Docupace and EBANX, Lean Solutions Groups, LoanPro and LogicSource, Luma Health and Sysnet. It also helped exit/partially exit companies like Enfusion (NYSE : ENFN), Globant, NYSE : GLOB), RapidRatings, RapidSynergies, MedSynergies, RapidRatings, RapidRatings, Strata Fund Solutions, VPay (acquired to by Optum), WorldFirst (acquired in Ant Financial) and VPay (acquired in by Optum), VPay (acquired in Optum), VPay (acquired in by Optum), VPay (acquired in acquired in by Optum), VPay (acquired in Ant Financial), and WorldFirst (acquired to Ant Financial), VPay, VPay, Optum), VPay), VPay, acquired in acash by Ant Financial), and WorldFirst (acaught by Ant Financial). FTV has offices throughout San Francisco, New York, Connecticut.
The news follows FTV’s close of a $2.3 billion fund in March 2022.