TCV (investment firm)
| Company type | Private |
|---|---|
| Industry | Investment management, Venture capital, Private equity |
| Founded | 1995 |
| Founder | Jay Hoag, Richard H. Kimball |
| Headquarters | Menlo Park, California , United States |
Area served | Global |
| Products | Venture capital, Private equity investments, SPAC (formerly) |
| Owner | Private |
| Website | www |
TCMI, Inc.—commonly referred to as TCV (Technology Crossover Ventures)—is an American investment firm headquartered in Menlo Park, California. The company concentrates its investments on both private and public growth-stage enterprises within the technology industry.
Background
Established in 1995 by Jay Hoag and Richard H. Kimball, TCV specializes in technology-focused investments spanning private equity and venture capital.[1][2][3]Cite error: The opening <ref> tag is malformed or has a bad name
In 2021, TCV introduced TCV Acquisition, a Special-purpose acquisition company (SPAC) designed to generate funds for purchasing private firms. This SPAC secured $350 million through its Nasdaq debut under the symbol 'TCVA' on April 14. Nevertheless, it was dissolved in April 2023 after not completing a transaction within the designated period.Cite error: The opening <ref> tag is malformed or has a bad nameCite error: The opening <ref> tag is malformed or has a bad name
Investment amounts by TCV generally range from $3 million up to $300 million per company. By 2020, the firm had allocated over $13 billion across more than 350 portfolio companies. Prominent private investments include Airbnb,[4] ByteDance,Cite error: The opening <ref> tag is malformed or has a bad name Facebook,[4] GoFundMe,Cite error: The opening <ref> tag is malformed or has a bad name and Spotify.[4] Additionally, TCV participates in public market investments for companies it initially supported privately, such as Netflix, Zillow, and LinkedIn.[1]Cite error: The opening <ref> tag is malformed or has a bad name
Funds
| Fund | Vintage Year | Committed Capital ($m) |
|---|---|---|
| Technology Crossover Ventures I | 1995 | 100 |
| Technology Crossover Ventures II | 1996 | 195 |
| Technology Crossover Ventures III | 1999 | 417 |
| Technology Crossover Ventures IV | 2000 | 1,700 |
| Technology Crossover Ventures V | 2004 | 900 |
| Technology Crossover Ventures VI | 2006 | 1,400 |
| Technology Crossover Ventures VII | 2008 | 3,000 |
| Technology Crossover Ventures VIII | 2013 | 2,230 |
| Technology Crossover Ventures IX | 2016 | 2,500 |
| Technology Crossover Ventures Sports | 2018 | 55 |
| Technology Crossover Ventures X | 2019 | 3,000 |
| Technology Crossover Ventures XI | 2020 | 4,000 |
| Technology Crossover Ventures XII | 2024 | 3,000 |
External links
- www.tcv.com (Official Website)
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