Avendus Capital advises MarketsandMarkets on its USD 56 mn fund-raise led by FTV Capital.
MarketsandMarkets (“MNM”), a leading global industry research and consulting company that provides syndicated and custom research focused on high-growth and niche markets, secured a $56 million financing, led by FTV Capital, a US based growth equity investment firm. Zodius Capital is a co-investor in the round. The funding is the first institutional capital raised by MNM, and the proceeds will be used to fuel company’s continued strong growth and global expansion, focused on the U.S. and European markets. This also marks as FTV Capital’s first investment in an India domiciled company
Avendus Capital was the exclusive financial advisor to this transaction.
About Marketsandmarkets | FTV Capital | Zodius
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which impact 70% to 80% of worldwide companies’ revenues. Currently, MarketsandMarkets is servicing 5,000 customers worldwide including 80% of global Fortune 1000 companies as clients. Over 850 full time analysts and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
FTV Capital is a growth equity investment firm that has raised over $2.7 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology & services, financial services and payments & transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. 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 nearly two decades. Founded in 1998, FTV Capital has invested in 97 portfolio companies including enterprise technology companies in the information services and analytics markets such as MuSigma (acquired in 2012), MarketShare (acquired by Neustar in 2015) and EXL (IPO in 2006). FTV has offices in San Francisco and New York. For more information, please follow: www.ftvcapital.comFTV Capital is a growth equity investment firm that has raised over $2.7 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology & services, financial services and payments & transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. 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 nearly two decades. Founded in 1998, FTV Capital has invested in 97 portfolio companies including enterprise technology companies in the information services and analytics markets such as MuSigma (acquired in 2012), MarketShare (acquired by Neustar in 2015) and EXL (IPO in 2006). FTV has offices in San Francisco and New York.
Zodius Capital is a leading venture capital firm promoted by Neeraj Bhargava, former CEO of business process outsourcing firm WNS Global Services. Founded in 2011, the firm has two open funds focussed on technology sector in India. The fund’s active portfolio includes BigBasket.com, Freshmenu, Culture Machine, Antuit and others.
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