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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?

Upwind Security

San Francisco, California, United States

Upwind Security provides unified cloud and application security, using real-time visibility to identify threats and protect data integrity.

Cloud InfrastructureCloud ManagementCloud SecurityInformation TechnologySoftware
Series BJan 26, 2026
Amount Raised: $250,000,000
Pennylane

Paris, Ile-de-France, France

Pennylane is an accounting and financial management platform centralising accounting, invoicing, cash flow tracking, and expense workflows.

AccountingFinanceFinancial ServicesFinTechSoftware
Series EJan 20, 2026
Amount Raised: $203,851,275
Trade Republic

Berlin, Berlin, Germany

Trade Republic helps Europeans for wealth creation through easy, secure, and free access to financial markets.

CryptocurrencyFinanceFinancial ServicesFinTechTrading Platform
Secondary MarketDec 17, 2025
Amount Raised: $1,408,860,795
Spryker

Berlin, Berlin, Germany

Spryker is a commerce technology platform that enables global enterprises to build transactional business models.

B2BB2CE-Commerce PlatformsEnterprise SoftwareMarketplaceSaaS
Series UnknownDec 11, 2025
Clio

Vancouver, British Columbia, Canada

Clio provides cloud-based legal practice management software, helping law firms manage cases, billing, and client relationships.

Artificial Intelligence (AI)CRMLegalLegal TechSoftware
Series GNov 10, 2025
Amount Raised: $500,000,000
onxMaps

Missoula, Montana, United States

onxMaps is a Montana-based mobile apps company which provide maps for hunters and other outdoor recreation.

GPSInformation ServicesInformation TechnologyMobile Apps
Private EquityNov 3, 2025
Archy

San Jose, California, United States

Archy is a dental practice management software that integrates patient care, communication, and reporting into a single platform.

DentalHealth CareInternetSaaSSoftware
Series BOct 30, 2025
Amount Raised: $20,000,000
LayerX

Tokyo, Tokyo, Japan

LayerX is a software company that develops and provides products to enhance creativity and resolve social issues.

AppsBlockchainInformation TechnologySoftware
Series BSep 1, 2025
Amount Raised: $101,912,559
Squint

San Francisco, California, United States

Squint is a manufacturing intelligence platform that helps streamline factory procedures and enhance team execution.

Augmented RealityEnterprise SoftwareManufacturingSoftware
Series BAug 12, 2025
Amount Raised: $40,000,000
First Due

Garden City, New York, United States

First Due is a software platform that revolutionizes fire and EMS records management by unifying the entire operation in a single system.

Enterprise SoftwarePublic SafetySaaSSoftwareSubscription Service
Private EquityAug 5, 2025
Amount Raised: $355,000,000

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