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TCV

North America, California, United States, Menlo Park

Description

Technology Crossover Ventures (TCV), established in 1995 and headquartered in Menlo Park, California, is a prominent growth equity firm specializing in providing capital to leading private and public technology companies. With a deep sector focus, TCV primarily targets businesses across software, FinTech, internet, infrastructure, and tech-enabled services. The firm is known for its long-term partnerships with management teams, aiming to accelerate growth and facilitate market leadership for its portfolio companies.

TCV has built an impressive track record over nearly three decades, having raised over $27 billion in capital across its various funds. This substantial capital base allows TCV to make significant investments in companies poised for substantial expansion. Their investment philosophy centers on identifying market-leading businesses with proven models and providing the necessary resources—both financial and strategic—to scale operations, expand into new markets, and enhance product offerings.

The firm's typical initial investment ranges from $50 million to $300 million or more, reflecting their commitment to providing meaningful growth capital. TCV's portfolio boasts a roster of highly successful and recognizable technology brands, including early investments in companies like Netflix and Spotify, as well as more recent partnerships with firms such as Klarna, Revolut, and Toast. Beyond capital, TCV offers strategic guidance, operational expertise, and access to an extensive network, helping companies navigate complex growth stages and achieve successful outcomes, including numerous IPOs and strategic acquisitions.

Investor Profile

TCV has backed more than 538 startups, with 10 new investments in the last 12 months alone. The firm has led 223 rounds, about 41% of its total and boasts 214 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series C, Series D rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Canada.
  • Strong thematic focus on Software, Information Technology, Financial Services.
  • Led 3 rounds in the past year.
  • Typical check size: $50M – $300M.

Stage Focus

  • Series Unknown (32%)
  • Series C (12%)
  • Series D (11%)
  • Private Equity (10%)
  • Series B (8%)
  • Series A (6%)
  • Post Ipo Equity (5%)
  • Series E (5%)
  • Undisclosed (5%)
  • Series F (4%)

Country Focus

  • United States (80%)
  • United Kingdom (4%)
  • Canada (2%)
  • Germany (2%)
  • India (1%)
  • France (1%)
  • Sweden (1%)
  • The Netherlands (1%)
  • Israel (1%)
  • Australia (1%)

Industry Focus

  • Software
  • Information Technology
  • Financial Services
  • Internet
  • Saas
  • E-commerce
  • Enterprise Software
  • Fintech
  • Finance
  • Analytics
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does TCV frequently co-invest with?

Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 14
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 10
Battery Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 10
General Atlantic
North America, New York, United States, New York
Co-Investments: 9
Meritech Capital Partners
North America, California, United States, Palo Alto
Co-Investments: 9
IVP
North America, California, United States, Menlo Park
Co-Investments: 9
Accel
North America, California, United States, Palo Alto
Co-Investments: 30
Bessemer Venture Partners
North America, California, United States, San Francisco
Co-Investments: 13
Tiger Global Management
North America, New York, United States, New York
Co-Investments: 17
Benchmark
North America, California, United States, San Francisco
Co-Investments: 12

Which angels does TCV often collaborate with?

SP
North America, Washington, United States, Seattle
Shared Deals: 2
MA
North America, California, United States, San Francisco
Shared Deals: 2
Fritz Demopoulos
Asia, Singapore
Shared Deals: 3
SB
North America, New York, United States, New York
Shared Deals: 2
DA
North America, New York, United States, New York
Shared Deals: 3
JS
North America, California, United States, San Francisco
Shared Deals: 2
Les Szekely
Oceania, New South Wales, Australia, Sydney
Shared Deals: 2
SS
North America, California, United States, Santa Clara
Shared Deals: 2
MD
North America, New York, United States, New York
Shared Deals: 5
JH
North America, California, United States, San Francisco
Shared Deals: 2

What are some of recent deals done by TCV?

Strava

San Francisco, California, United States

Strava is a social fitness app that tracks running, cycling, and workouts, connecting athletes.

AppsFitnessInternetMobileSocial NetworkSports
Series UnknownMay 22, 2025
Cloudsmith

Belfast, Belfast, United Kingdom

Cloudsmith is a cloud-native platform that serves as a centralized solution for managing and distributing software assets or artifacts.

Cloud ComputingCloud StorageContent Delivery NetworkCyber SecurityDeveloper ToolsEnterprise SoftwareSaaSSecuritySoftware
Series BMar 3, 2025
Amount Raised: $22,963,365
Albert Invent

Oakland, California, United States

Albert Invent provides a digital platform for materials science research and development.

Advanced MaterialsChemicalCloud ManagementSoftware
Series AFeb 24, 2025
Amount Raised: $20,000,000
Arize AI

Berkeley, California, United States

Arize AI offers an observability platform that explains and troubleshoots production AI.

Artificial Intelligence (AI)Information TechnologyMachine LearningSoftware
Series CFeb 20, 2025
Amount Raised: $70,000,000
Roofr

San Francisco, California, United States

Roofr is a roofing software platform that offers measurement reports, digital proposals, invoicing, and payment services.

ConstructionHome ImprovementHome RenovationMarketplace
Series BJan 28, 2025
Albert Invent

Oakland, California, United States

Albert Invent provides a digital platform for materials science research and development.

Advanced MaterialsChemicalCloud ManagementSoftware
Series ADec 11, 2024
Amount Raised: $22,500,000
RELEX Solutions

Helsinki, Southern Finland, Finland

RELEX Solutions offers a unified AI-based platform that enhances supply chain and retail planning.

Enterprise SoftwareMachine LearningRetailRetail TechnologySoftwareSupply Chain Management
Secondary MarketDec 10, 2024
Upwind Security

San Francisco, California, United States

Upwind Security provides cybersecurity solutions to protect organizations from digital threats and vulnerabilities.

Cloud InfrastructureCloud ManagementCloud SecurityInformation TechnologySoftware
Series ADec 2, 2024
Amount Raised: $100,000,000
Healthie

New York, New York, United States

Healthie offers infrastructure for next gen digital health companies that offer virtual-first care. API-First EHR & Client Engagement.

Electronic Health Record (EHR)Enterprise SoftwareHealth CareNutritionSoftwareWellness
Series BOct 15, 2024
Amount Raised: $23,000,000
Zepz

London, England, United Kingdom

Zepz is a global digital cross-border payments platform that enables international money transfers.

Financial ServicesFinTechMobile PaymentsPayments
Series FOct 4, 2024
Amount Raised: $267,000,000