DataArt Secures $75 Million Growth Investment from FTV Capital


International DataArt with offices in Ukraine announced that it has secured a $75 million minority growth investment from American growth equity investment firm FTV Capital.

  • This investment, which closed earlier this year, follows a year of extraordinary growth in 2021 and 2022 year-to-date, as DataArt expanded its international footprint, strengthened its service offerings in key innovation sectors and achieved record revenue growth.
  • DataArt will use the new funding to accelerate its strong momentum, scale its global delivery capacity and secure its position as the leading provider for custom cloud and data software services.
  • DataArt’s 2021 revenue exceeded $290 million, a record 60 percent year-over-year increase from 2020. For the tenth consecutive year, the company was named to the Inc. 5000 list, a prestigious ranking of the fastest-growing private companies in the United States. The company expanded operations in Europe, Central Asia, and the Middle East, while building on its existing footprint in Latin America, a key strategic market for DataArt.
  • In response to the war in Ukraine, DataArt helped relocate approximately 1,300 staff to offices in other markets, accelerating hiring in 14 countries, and was able to provide minimal interruption in the delivery of services as a result.

Given the extraordinary events over the past several months, I am incredibly proud of our employees’ resilience and adaptability, while we’ve been able to strengthen and expand our business through the steadfast support of our partners like FTV, – Eugene Goland, CEO of DataArt.

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