TCV is the famous VC, which was founded in 1995. The fund was located in North America if to be more exact in United States. The main office of represented VC is situated in the Menlo Park.
The fund was created by Jay Hoag, Rick Kimball. The overall number of key employees were 13.
The typical case for the fund is to invest in rounds with 3-4 participants. Despite the TCV, startups are often financed by Venrock, Madrona Venture Group, Bain Capital Ventures. The meaningful sponsors for the fund in investment in the same round are Battery Ventures, Oak Investment Partners, Kleiner Perkins. In the next rounds fund is usually obtained by Battery Ventures, New Enterprise Associates, Meritech Capital Partners.
The fund has no exact preference in some founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Among the most successful fund investment fields, there are SaaS, Financial Services. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular portfolio startups of the fund, we may highlight Facebook, ByteDance, Spotify. Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund.
The fund is constantly included in 13-24 deals per year. The usual things for fund are deals in the range of 50 - 100 millions dollars. The increased amount of exits for fund were in 2011. When the investment is from TCV the average startup value is more than 1 billion dollars. The top activity for fund was in 2000. Despite it in 2019 the fund had an activity. Comparing to the other companies, this TCV performs on 18 percentage points more the average number of lead investments. Speaking about the real fund results, this VC is 27 percentage points more often commits exit comparing to other organizations.
Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
Devo USA | $250M | 26 Oct 2021 | Cambridge, Massachusetts, United States | ||
Built Technologies | $125M | 30 Sep 2021 | Nashville, Tennessee, United States | ||
Nerdy | $150M | 21 Sep 2021 | St Louis, Missouri, United States | ||
SiteMinder | $73M | 14 Sep 2021 | Sydney, New South Wales, Australia | ||
Aviatrix Systems | $200M | 08 Sep 2021 | San Jose, California, United States | ||
Vice Media | $85M | 31 Aug 2021 | New York, New York, United States | ||
Zepz | $292M | 23 Aug 2021 | London, England, United Kingdom | ||
Mollie | $784M | 22 Jun 2021 | Amsterdam, North Holland, Netherlands | ||
Kipu Health | 14 Jun 2021 | Miami, Florida, United States |
– Devo Technology, a startup developing cloud logging and cybersecurity products, announced that it raised $250 million in a series E funding round valuing the company at $1.5 billion.
– TCV led the investment along with General Atlantic, Eurazeo, Bessemer Venture Partners, Insight Partners, Georgian, and Kibo Ventures, which brings Devo’s total funds raised to more than $400 million.
– CEO Marc van Zadelhoff says that the money will be put toward “aggressive growth” across new regions and verticals and “significantly increas[ing] investment” in channel expansion and product R&D.
– Aviatrix from Santa Clara provides cloud networking and security software for enterprises.
– The company raised $200m in Series E funding.
– The round was led by TCV with participation from new investors Insight Partners and Tiger Global, and existing investors CRV, Formation 8, General Catalyst, Greenspring Associates, Ignition, Liberty Global Ventures, Meritech Capital and TrueBridge Capital Partners.
– The new investment will be aimed at scaling the worldwide sales and support operations.
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