TCV (investment firm)
TCV | |
Type | Private |
Industry | Private Equity Venture Capital |
Founded | 1995 |
Founder | Richard H. Kimball Jay Hoag |
Headquarters | Menlo Park, California, U.S. |
Products | Investments |
AUM | US$22.5 billion (31 March 2021)[1] |
Website | www |
TCMI, Inc. better known by the name TCV (Technology Crossover Ventures) is an American investment firm based in Menlo Park, California. The firm mainly invests in public and private growth-stage companies in the technology industry.
Background[]
TCV was founded in 1995 by Richard H. Kimball and Jay Hoag.[2]
The firm is headquartered in Menlo Park with additional offices in New York and London.[3]
In 2021, the firm founded TCV Acquisition, a Special-purpose acquisition company with no commercial operations.[4] It was formed to raise capital to acquire private companies. On 14 April, it was listed on the Nasdaq under the ticker 'TCVA' and raised $350 million.[3]
The typical size of an investment that TCV makes in companies ranges from $3 million to $300 million. As of 2020, TCV has invested over $13 billion in over 350 companies.[5]
Funds[]
Fund[6] | Vintage Year | Committed Capital ($m) |
---|---|---|
Technology Crossover Ventures I | 1995 | USD 100 |
Technology Crossover Ventures II | 1996 | USD 195 |
Technology Crossover Ventures III | 1999 | USD 417 |
Technology Crossover Ventures IV | 2000 | USD 1,700 |
Technology Crossover Ventures V | 2004 | USD 900 |
Technology Crossover Ventures VI | 2006 | USD 1,400 |
Technology Crossover Ventures VII | 2008 | USD 3,000 |
Technology Crossover Ventures VIII | 2013 | USD 2,230 |
Technology Crossover Ventures IX | 2016 | USD 2,500 |
Technology Crossover Ventures Sports | 2018 | USD 55 |
Technology Crossover Ventures X | 2019 | USD 3,000 |
Technology Crossover Ventures XI | 2020 | USD 4,000 |
Notable investments[]
- Altiris
- Airbnb[7]
- ByteDance[8]
- Dollar Shave Club
- ExactTarget
- Expedia[9]
- Facebook[7]
- Fandango
- Fuze[10]
- GoDaddy[11]
- GoFundMe[12]
- Genesys[7]
- HomeAway[13]
- IQMS
- Netflix[2]
- Open English[14]
- Payoneer
- Peloton[7]
- Redback Networks
- Silver Peak[7]
- SeatGeek[15]
- Sitecore
- Splunk
- Spotify[7]
- Thinkorswim
- Vice Media[16]
- Webroot
- WorldRemit[17]
- Zillow
References[]
- ^ "FORM ADV" (PDF). AdviserInfo.sec.gov.
- ^ a b Shu, Catherine. "VC Firm Becomes Bigger Netflix Player". www.wsj.com. Retrieved 2021-05-24.
- ^ a b Corp, TCV Acquisition. "TCV Acquisition Corp. Announces Pricing of $350,000,000 Initial Public Offering". www.prnewswire.com. Retrieved 2021-05-24.
- ^ Capital, Contributor Renaissance Capital Renaissance. "Technology Crossover Ventures' SPAC TCV Acquisition files for a $350 million IPO". www.nasdaq.com. Retrieved 2021-05-24.
{{cite web}}
:|first=
has generic name (help) - ^ "Top 10 venture capital firms: TCV | Financial Services (FinServ)". Fintech Magazine. Retrieved 2021-05-24.
- ^ "Technology Crossover Ventures VII | Palico". www.palico.com. Retrieved 2021-05-24.
- ^ a b c d e f "TCV closes record $4B fund to invest in e-commerce, fintech, edtech, travel and more". TechCrunch. Retrieved 2021-05-24.
- ^ "The Funded: Silicon Valley backers try to save TikTok in the U.S." www.bizjournals.com. Retrieved 2021-05-24.
{{cite web}}
: CS1 maint: url-status (link) - ^ "Expedia, Inc. Announces $60 Million Financing from Technology Crossover Ventures and Microsoft Corpo". Breaking Travel News. Retrieved 2021-05-24.
- ^ "Xconomy: ThinkingPhones Calls Up $56M to Unify Communications in the Mobile Age". Xconomy. 2014-12-03. Retrieved 2021-05-24.
- ^ Stahl, Anupreeta Das And George (2011-07-01). "GoDaddy Bought By KKR, Others". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-05-24.
- ^ "GoFundMe Confirms Its Funding Round, Which Valued It At $500M". TechCrunch.
- ^ NUTTALL, CHRIS (11 November 2008). "HomeAway makes $250m VC round splash". www.ft.com. Retrieved 2021-05-24.
{{cite web}}
: CS1 maint: url-status (link) - ^ Chapman, Lizette (2013-04-26). "OpenEnglish Raises $65M to Scale Online Learning". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-05-24.
- ^ "SeatGeek Raises $62 Million In A Series C Led By Technology Crossover Ventures". TechCrunch. Retrieved 2021-05-24.
- ^ "Vice Media Confirms Another $250M Investment, From New Investor TCV". TechCrunch.
- ^ Nsehe, Mfonobong. "Somali Entrepreneur Raises $100 Million For Money Transfer Startup WorldRemit". Forbes. Retrieved 2021-05-24.
External links[]
- www.tcv.com (Company Website)
- Financial services companies established in 1995
- Financial services companies based in California
- Companies based in Menlo Park, California
- Private equity firms of the United States
- Venture capital firms of the United States