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TCV

Investor type Private Equity Firm
Founders Jay Hoag Rick Kimball

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 403
Average round size
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The average size of a deal this fund participated in
$83M
Portfolio companies 312
Rounds per year 14.93
Lead investments 125
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.23
Exits 175
Key employees 13
Stages of investment
Early Stage Venture
Late Stage Venture
Private Equity

Areas of investment

  • Software
  • Information Technology
  • Internet
  • Enterprise Software
  • E-Commerce
Summary

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.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of TCV:
Typical Co-investors
TCV is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after TCV:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Grow Therapy

Health Care
Payments
Social Impact
$45M29 Sep 2022 New York, New York, United States

Arize AI

Artificial Intelligence
Information Technology
Machine Learning
$38M08 Sep 2022 Berkeley, California, United States

Celonis

Analytics
Big Data
Business Intelligence
Data Mining
Database
Enterprise
SaaS
Software
$400M23 Aug 2022 Munich, Bavaria, Germany

Aidoc

Artificial Intelligence
Health Care
Machine Learning
Medical Device
$110M16 Jun 2022 Tel Aviv-Yafo, Tel Aviv District, Israel

Trade Republic

Finance
Financial Services
FinTech
Mobile
$295M03 Jun 2022 Berlin, Berlin, Germany

Devo USA

Analytics
Big Data
Cloud Data Services
Cyber Security
Enterprise Software
SaaS
Software
$100M02 Jun 2022 Cambridge, Massachusetts, United States

Evisort

Analytics
Artificial Intelligence
Document Management
Legal Tech
Machine Learning
Software
$100M11 May 2022 California, United States

Reforge

Education
$60M03 Mar 2022 San Francisco, California, United States

Legit Security

Software
$30M10 Feb 2022 Palo Alto, California, United States
News
Cloud security and analytics platform Devo raises $250M to bolster R&D efforts

– 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 Raises $200M in Series E Funding

– 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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