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Announced

Completed

FTV Capital led a $35m funding round in Vórtx.

Financials

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Transaction Value£24m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

technology company

Venture Capital

Digital Services

Completed

Single Bidder

Minority

Brazil

Friendly

corporate and trust service provider

Cross Border

Private

Private Equity

Synopsis

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FTV Capital, a sector-focused investor in innovative companies in enterprise technology and services, financial services, and payments and transaction processing, led a $35m funding round in Vórtx, a tech-enabled corporate and trust service provider for fund managers and corporate issuers in Brazil. "The financial market's back office has always been bureaucratic and not as technologically advanced as it could be in Brazil. At Vortx, we set out to change this and believe that through technology, we can significantly improve customer experience and continue to scale our business. Through our investment from FTV Capital, we will focus on providing new services that will ultimately create even more value for our customers," Juliano Cornacchia, Vortx CEO.

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