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FTV Capital makes $75m investment in Da Vinci Capital portfolio company DataArt

Da Vinci Capital portfolio company DataArt has secured a $75 million minority growth investment from FTV Capital.

The funding will help DataArt grow its global technology consultancy business and solidify its position as a custom software developer.

Despite the ongoing Covid-19 pandemic, DataArt recorded over $290 million of revenue in 2021, a 60% increase over the previous year, and has increased its engineering headcount to over 870 in 2022. During the Ukraine crisis, DataArt has relocated over 1,300 staff members to 14 countries.

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