Fundraising Fox

TCV

Growth equity

Menlo Park · Series C–Late Stage · 105 people tracked

Also known as Tcmi, Inc.

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Investment thesis

TCV is a growth equity investor with nearly thirty years of history partnering with global, category-defining technology companies. The firm's guiding principles emphasize identifying innovators capturing shifts in technology and behavior, keeping a deliberately small and concentrated portfolio so it can dedicate the full resources of the firm to each partner company. TCV takes a long-term view, prioritizing sustained growth and impact over short-term results, and commits substantial capital and resources at pivotal moments. With offices worldwide and a portfolio spanning five continents, it positions itself as globally minded and quality-obsessed, holding itself to high standards of trust, partnership, and excellence.

Invests inAI & Machine LearningConsumerDefense TechEnterprise SoftwareFintechSector AgnosticSpace TechGlobalMenlo ParkNorth AmericaUnited KingdomUnited States

Source: firm website, verified Aug 3, 2026.

Stage
Series C–Late Stage
Check
$10M – $500M
HQ
Menlo Park, CA, US
Leads rounds
Leads
Instruments
Equity
Founded
1995
AUM
$22.5B
Tracked investments
86

Team · 105 people

from the firm's website & public directories
Julia Novaes Roux· General Partner, Head of Investor Relations & Marketing
Alexander Wortmann· Partnerin
Brian LaBrunda· Partner, Senior Controller
Clarey Zhu· Partnerin𝕏
Gopi Vaddi· General Partnerin
Jon Rauen· Partner, Head of Capital Markets
Liam Shannon· Partner, Head of Tax
Matt Brennan· General Partnerin
Matthew Robinson· Partnerin
Neil Tolaney· General Partnerin𝕏
Tim Hoag· Partnerin𝕏
Tyler Flint· Partnerin𝕏
Woody Marshall· General Partnerin𝕏
Lucy Norris· Venture Partnerin𝕏
Adriaan Mol· Executive Advisor
Alex Fowler· Investorin
Alex Yu· Analyst, Investor Relations Product Specialist
Allison Xu· Investorin𝕏
Anila Thompson· Capital Formation Lead
Anthony Arocho· Investorin
Archie Jones· Analyst
Barry McCarthy· Executive Advisor
Brendan Whalen· Vice President, Fund Controller
Brian McGinnis· Vice President, Valuation
Christian Hidalgo· Senior Analyst, Investor Relations Product Specialist
Christian Smith· Operating Partner
Christina Yang· Associate
Colby Gilbert· Investorin
Crista Ricci· Vice President, Fund Controller
Darrin Shamo· Executive Advisor
David Liang· Vice President
David Weber· Executive Advisor
Emma Hanley· Investorin𝕏
Evan Hochhauser· Vice President
Faris Nathoo· Associate
Greg Greeley· Executive Advisor
Hansen Shi· Investorin
Jeff Haslem· Operating Partner
Jonathan Poffley· Vice Presidentin
Juan Pablo Villarreal· Investorin
Kai O'Donobhan· Associate
Kai O’Donobhan· Associate
Khalil Bilal· Investorin
Kunal Malhotra· General Counsel of Funds and Capital Formation
Lucy Li· Senior Associate
Manavi Mehra· Investorin
Matt Movva· Associate
Naren Radhakrishnan· Senior Associate
Natalie Curnes· Investorin𝕏
Neel Katyal· Associate
Nick Zeppos· Executive Advisor
Patrick Morrison· Head of Portfolio Talent
Rory Isdaner· Vice President, Investor Relations
Serhat Kizilboga· Vice Presidentin
Stephane Kurgan· Executive Advisor
Steve Hsu· Executive Advisor
Thomas Sabato· Director, Investor Relations Product Specialist
Victoria Meyer· Associate
Will O'Callaghan· Associate
Will O’Callaghan· Associate
Zach Riedy· Vice Presidentin𝕏

What they invest in

from 39 of 86 portfolio companies

Enterprise Software ×21AI & Machine Learning ×16SaaS ×16Fintech ×11Cloud Computing ×9Cybersecurity ×5Data & Infrastructure ×5E-commerce ×4

HQs:United States×26Germany×1Finland×1France×1United Kingdom×1India×1

Investments · 86 tracked

founders shown can be your intro path
Zillowzillow.comNASDAQ: ZSEC filingmedium confidence

Zillow operates an online real estate marketplace where consumers can search homes for sale and rentals across US and Canadian cities, view mortgage rate information, and access home financing through Zillow Home Loans.

FintechMarketplacesPropTechSeattle, US

Claire Cormier Thielke(Director)Jennifer Rock(Executive Officer)Susan Daimler(Executive Officer)Jeremy Hofmann(Executive Officer)April Underwood(Director)Errol Samuelson(Executive Officer)

Board seatAmy Bohutinsky· per SEC Form D · $20.4M raise · filed Aug 2023

ZILLOW GROUP, INC.NASDAQ: ZSEC filingmedium confidence

Seattle, US

Board seatJay Hoag· per SEC Form D · $20.4M raise · filed Aug 2023

Instacartinstacart.comin𝕏NASDAQ: CART

Instacart operates a marketplace connecting grocery retailers with customers who order food and household items for same-day delivery or in-store pickup, serving millions of households across North America through partnerships with over 350 retailers.

ConsumerE-commerceFoodTechSan Francisco, US

Apoorva Mehta(Founder/Chairman & Founding CEO)inBrandon Leonardo(Founder)inMax Mullen(Founder)in

KlarnaNYSE: KLAR
NerdyNYSE: NRDY

NYSE: NRDY, formerly known as Varsity Tutors

Curleccurlec.comin𝕏✓ verified

Razorpay Curlec is a full-stack payments platform that lets businesses collect payments, automate payouts, and manage cash flow, with a focus on Direct Debit processing.

Enterprise SoftwareFintechSaaSKuala Lumpur, MY

Legit Securitylegitsecurity.comin𝕏✓ verified

Legit Security provides an application security platform that helps organizations identify and manage software vulnerabilities and risks across their development environments.

AI & Machine LearningCybersecurityDeveloper ToolsEnterprise SoftwareNot stated

Roni Fuchs(CEO & Co-Founder)inLiav Caspi(CTO & Co-Founder)inLior Barak(COO & Co-Founder)in

Nasuninasuni.comin𝕏✓ verified

Nasuni provides a cloud-native file data platform that manages, protects, and activates unstructured file data for enterprise teams and AI applications.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareBoston, US

Andres Rodriguez(Founder)John McCarthy(Director)Paul Flanagan(Director)Jeffrey McCarthy(Director)Scott Dussault(Executive Officer)Charles Hazard(Director)

iSchemaView, Inc.SEC filingmedium confidence

HealthtechMenlo Park, US

John Drew(Director)David Stoffel(Executive Officer)Karim Karti(Executive Officer, Director)Brendan Renehan(Director)Erol Ali Dervis(Director)Gregory W. Albers(Director)

Board seatJohn Drew· per SEC Form D · $75M raise · filed Sep 2025

OneSource Virtual𝕏

Irving, US

Bruce Eatroff(Director)Carl Britton Wirt(Executive Officer, Director)Melinda Lawrence(Executive Officer)John Wesley Bryan(Executive Officer, Director)Brian David Williams(Executive Officer, Director)Nari Ansari(Director)

Board seatNari AnsariJohn DrewJake Reynolds· per SEC Form D

Open Education HoldingsSEC filingmedium confidence

Coral Gables, US

Andres Moreno(Executive Officer, Director)Alex Sotelo(Executive Officer, Director)Eleusis Andres Moreno(Executive Officer, Director)Maria Fernanda Florez(Executive Officer)Nicolas Pavlovsky(Executive Officer)Wilmer Sarmiento(Executive Officer)

Board seatRobert Trudeau· per SEC Form D · filed Nov 2015

Oversight Investment HoldingsSEC filingmedium confidence

Menlo Park, US

Tim McAdam(President)Terrence McCrossan(Director)John Delfino(Vice President and Secretary)Gal Peleg(Vice President)Scott Kingsfield(Director)Christopher Murphy(Director)

Board seatGal Peleg· per SEC Form D · filed Nov 2020

Themis Solutions Inc.SEC filingmedium confidence

Burnaby

Amol Helekar(Director)Jack Newton(Executive Officer, Director)Rian Gauvreau(Executive Officer, Director)Matt Emery(Director)Mark Britton(Director)

Board seatAmol Helekar· per SEC Form D · $28.8M raise · filed Sep 2021

Trulioo Information ServicesSEC filingmedium confidence

Vancouver

Stephen Ufford(Executive Officer, Director)Tanis Jorge(Director)Dan Levine(Director)David Blumberg(Director)

BoardAndrew Lugsdin(Director)

Board seatAmol Helekar· per SEC Form D · $394M raise · filed Jan 2022

Vectra AIvectranetworks.comin𝕏SEC filingmedium confidence

Vectra AI provides behavioral threat detection and response platform for identifying and containing cyber attacks across hybrid networks, cloud environments, identity systems, and IoT/OT infrastructure using AI-driven analytics without requiring traffic decryption.

AI & Machine LearningCybersecurityEnterprise SoftwareSan Jose, US

Eric Wolford(Director)James A. Messina(Director)Charles Giancarlo(Director)Kevin Dillon(Director)Shohet Howie(Executive Officer)Bruce Armstrong(Director)

Board seatTim McAdam· per SEC Form D · $130M raise · filed May 2021

Actively AI

Revenue optimization platform powered by AI

Adevintaadevinta.com
Allica Bank
Ankorstoreankorstore.com
Archyarchy.comin

Archy builds a unified software platform for dental practices that integrates scheduling, patient management, and practice operations.

AI & Machine LearningEnterprise SoftwareHealthtechSaaS

Jon RatBen Kolin

Avalaraavalara.comin𝕏

Avalara provides tax calculation, returns and reporting, and compliance document management for businesses operating at global scale.

Cloud ComputingEnterprise SoftwareFintechSeattle, US

Aviatrixaviatrix.comin𝕏

Aviatrix provides cloud network security solutions with embedded, real-time protection through its Cloud Native Security Fabric platform, serving enterprises that need control, security, and visibility across cloud infrastructure.

Cloud ComputingCybersecurityEnterprise SoftwareSanta Clara, US

Sherry Wei(Founder)Steve Mullaney(CEO)Shirish Sathaye(Director)Devdutt Yellurkar(Director)Nick Sturiale(Director)

Aviatrixaviatrix.aiin𝕏

Aviatrix provides cloud network security solutions with embedded, real-time protection through a Cloud Native Security Fabric platform.

AI & Machine LearningCloud ComputingCybersecurity

AxiomSL
Believe
Brexbrex.comin𝕏acquired by Capital One

Brex provides financial services and software for companies, including corporate cards and expense management tools.

AI & Machine LearningEnterprise SoftwareFintechSaaSSan Francisco, US

Henrique Dubugras(Founder/CEO)inPedro Franceschi(Founder)in

Brillen
Built
Celoniscelonis.com

Celonis provides an enterprise AI platform that combines process data, business knowledge, and intelligence to give organizations operational clarity for AI deployment, supply chain optimization, IT modernization, and process excellence across industries.

AI & Machine LearningData & InfrastructureEnterprise SoftwareMunich, DE

Cloudsmith
Corgicorgi.insurein𝕏

Corgi is an AI-native, full-stack insurance platform that provides modular business insurance coverage designed for technology companies.

AI & Machine LearningInsurTechSaaS

Corgi Insurancecorgi.comin𝕏

Corgi is an AI-native, full-stack insurance platform that serves technology companies.

AI & Machine LearningEnterprise SoftwareFintechInsurTechSaaSSan Francisco, US

Nico Laqua(Founder)inEmily Yuan(Founder)in

Dollar Shave Clubdollarshaveclub.com𝕏acquired by Unilever

Dollar Shave Club offers razors and grooming products through a subscription model, delivering sharp stainless steel blades and shaving essentials directly to consumers at lower price points.

ConsumerDirect to ConsumerE-commerceLos Angeles, US

Michael Dubin(Founder)inMichael Jones(Director)David Pakman(Director)Christopher Marshall(Director)Daniel Murray(Executive Officer)Kevin Datoo(Executive Officer)

Dream Sports
EmbanetCompass
Employment Heroemploymenthero.comin𝕏
Fireworks

Inference platform enabling enterprises to fine-tune and deploy open-weight AI models on private data at scale.

Fireworks aifireworks.aiin𝕏

Fireworks provides AI infrastructure services, leveraging experience from PyTorch, Meta, and Google.

AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise Software<UNKNOWN>

FlixMobility
Grow Therapygrowtherapy.comin𝕏

Grow Therapy provides online mental health therapy services designed to be more accessible, affordable, and user-friendly than traditional therapy.

B2B MarketplacesHealthtechMental HealthSaaS

Jake Cooper(Founder & CEO)inManoj Kanagaraj(Cofounder)

HireVuehirevue.com

HireVue provides AI-powered hiring software including virtual job tryouts and skills assessments to reduce bias and simplify the recruitment process.

AI & Machine LearningHR Tech

Humu
Iceye SAR satelliteiceye.comin𝕏

ICEYE operates a satellite-based synthetic aperture radar (SAR) system that delivers persistent, real-time monitoring and damage assessment data globally.

Climate TechDeep TechDefense TechSpace TechFinland, FI

Rafal Modrzewski(CEO, Co-founder)Pekka Laurila

Instaworkinstawork.comin𝕏

Instawork is a marketplace that connects local businesses with hourly workers for short-term staffing needs.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechMarketplacesSan Francisco, US

Sumir Meghani(Founder/CEO)in

Kipu Health
LinkedIn
Mambumambu.comin

Mambu provides cloud banking platform software that enables financial institutions, fintechs, and telecommunications companies to build and deploy modern banking and lending solutions.

Cloud ComputingEnterprise SoftwareFintechSaaS

Mercurymercury.coin𝕏

Mercury is an investor database listing venture capital investors and their sector focus areas.

Data & InfrastructureFintech

Mercurymercury.comin𝕏

Mercury provides a banking platform for entrepreneurs and startups that integrates checking, savings, credit, debit cards, payments, invoicing, bill pay, and cash flow management in a single interface.

Enterprise SoftwareFintechSaaSSector Agnostic

Immad Akhund(Founder & CEO)in

Mercury Technologies, Inc.

San Francisco, US

Immad Akhund(Executive Officer, Director)Jason Zhang(Executive Officer, Director)

BoardTom Brown(Director)Saar Gur(Director)Sonya Huang(Director)

Merkle
Miromiro.comin𝕏
Molliemollie.comin𝕏
Nearaneara.com
Newselanewsela.comin𝕏

Newsela provides educational content and classroom tools for K-12 teachers and students, delivering news articles and learning materials aligned to curriculum standards at multiple reading levels.

EdTechNew York City, US

Matthew Gross(Co-founder)Dan Cogan-Drew(Co-founder)

BoardBrook Byers(Director)Tory Patterson(Director)

OneTrust

Atlanta, US

Richard Wells(Manager)Kabir Barday(President, Chief Executive Officer and Manager)Alan J. Dabbiere(Manager)John Marshall(Manager)David K. Dabbiere(Manager)

Passportpassportshipping.comin𝕏

Passport provides an international shipping and fulfillment platform for direct-to-consumer brands, offering cross-border logistics, landed-cost checkout, compliance management, and local fulfillment services.

E-commerceLogistics & Supply ChainSaaS

Alex Yancher(Founder & CEO)

Passportpassportinc.comin𝕏

Passport provides a cloud-based parking management platform that unifies enforcement operations, mobile pay parking, permitting, and payment infrastructure for cities and private parking operators across North America.

Cloud ComputingGovTechMobility & TransportationPropTechSaaS<UNKNOWN>, US

Payoneerpayoneer.comin𝕏

Payoneer operates a financial platform enabling cross-border commerce and payments for businesses of any size, allowing users to manage multiple currencies and access global markets.

B2B MarketplacesFintechSaaSNew York, US

Pennylanepennylane.comin

Pennylane is a financial management and accounting software platform that consolidates expense management, invoicing, cash flow, and accounting in a single interface for business leaders, freelancers, and finance directors.

Enterprise SoftwareFintechSaaS

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Fund performance · per public LP disclosures · 11

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
TCV XIILPs: Los Angeles City Employees' Retirement System, Santa Barbara County Employees' Retirement System202252.0%1.36x0.00x
TCV XILPs: California Public Employees' Retirement System, Washington State Investment Board, California State Teachers' Retirement System +3 more20216.3%1.20x
TCV L.P.LPs: New Mexico Public Employees Retirement Association20192.44x
TCV XLPs: Washington State Investment Board, California Public Employees' Retirement System, California State Teachers' Retirement System +4 more201923.7%2.90x0.58x
TCVX, L.P.LPs: New Mexico Public Employees Retirement Association20192.98x0.56x
TCV SportsLPs: Maine Public Employees Retirement System201815.9%2.79x0.33x
TCV IXLPs: Washington State Investment Board, North Carolina Retirement Systems, New Mexico Public Employees Retirement Association +2 more201619.9%2.30x1.44x
TCV VIIILPs: North Carolina Retirement Systems, Washington State Investment Board, Los Angeles City Employees' Retirement System +1 more201412.2%2.30x1.77x
TCVVII, L.P.LPs: New Mexico Public Employees Retirement Association20083.18x3.16x
TCV VILPs: California State Teachers' Retirement System, North Carolina Retirement Systems, Oregon Public Employees Retirement System200612.4%1.58x1.57x
Tcv VLPs: California State Teachers' Retirement System, Los Angeles City Employees' Retirement System200410.6%1.85x1.85x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What stage does TCV invest at?
TCV invests at the Series C, Growth, Late Stage stages.
What is TCV's typical check size?
TCV typically writes checks of $10M – $500M.
What sectors does TCV focus on?
TCV focuses on AI & Machine Learning, Consumer, Defense Tech, Enterprise Software, Fintech, Sector Agnostic, Space Tech.
Where is TCV located?
TCV is headquartered in Menlo Park, US.
Does TCV lead rounds?
Yes, TCV leads investment rounds.

Media · Podcasts & interviews

featuring the team

There will be many losers across the AI space, says TCV's Jay Hoag

CNBC Television · Jay Hoag

Tech Investing Legend: TCV’s Jay Hoag

Growth Investor with GrowthCap‘s RJ Lumba · Jay Hoag

Images

TCV photoTCV photoTCV photoTCV photoTCV photoTCV photo

Co-investors · 98

Sequoia Capital

Sequoia Capital is a venture capital firm that partners with founders to build technology companies, with a strong current focus on artificial intelligence.

$4.4M – $214M
Andreessen Horowitz

Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.

$500K – $50M
Bessemer Venture Partners

Bessemer Venture Partners is a venture capital firm that partners with entrepreneurs from early stages through every stage of growth, publishing investment roadmaps across multiple technology sectors.

$5M – $100M
Coatue Management

Coatue Management is a technology-focused investment firm that invests across both public and private markets, with an active private portfolio of over 250 tech companies.

Both backed · 5
InstacartMercuryRipplingAnkorstoreRevolut
$1M – $20M
Flucas Ventures

Flucas Ventures is a venture capital firm with a portfolio of 265 companies spanning fintech, crypto, space/defense, AI, biotech, marketplaces, and emerging markets, with numerous exits via acquisition and IPO.

Both backed · 5
$100K – $5M
CRV (Charles River Ventures)

CRV (Charles River Ventures) is an early-stage venture capital firm that backs founders at the seed and Series A stages, with a long history of investing since 1970.

$250K – $5M
Index Ventures

Index Ventures is a venture capital firm that backs founders across the globe, investing in the people behind ideas from early through later stages.

Both backed · 3
Fireworks aiAnkorstoreRevolut
$540K – $10.8M
Menlo Ventures

Menlo Ventures is a venture capital firm that backs transformative, early-stage technology companies reshaping how people live and work.

$1M – $20M
Tiger Global Management

Tiger Global is a research-driven investment firm that partners with innovative, high-quality companies over the long term across various stages of their lifecycle.

$1M – $100M
83North

83North is a global venture capital firm that invests in and helps entrepreneurs build large, category-leading companies across Europe, Israel, and the US.

$100K – $10M
Founders Circle Capital

Founders Circle Capital is a venture firm focused on growth-stage companies, offering flexible primary and secondary financing alongside community-based support for company leaders and teams.

General Catalyst

General Catalyst is a venture capital and investment firm that backs founders across industries, with a strong focus on AI-driven transformation, fintech, healthcare, and other sectors.

$30M
86 more co-investors

AccelGreylock PartnersInsight PartnersSapphire VenturesBalderton CapitalFundersClubSixth StreetBenchmarkTrue VenturesIVP (Institutional Venture Partners)DST GlobalUpHonest CapitalForerunner VenturesSignalFireVenrockGeneral AtlanticValar VenturesJackson Square VenturesHoxton Ventures137 VenturesProject A VenturesActon CapitalAirTree VenturesFundamentumNotable CapitalBain Capital VenturesNorwest Venture PartnersGreat Oaks Venture CapitalPlug and Play VenturesOak HC/FTAccel-KKRMadrona Venture GroupAdditionSoftBank Vision FundMeritech Capital PartnersInovia CapitalF-Prime Capital PartnersBullpen CapitalCrosslink CapitalLowercase CapitalLerer HippeauUpfront VenturesNexus Venture PartnersSalesforce Japan Co.,Ltd.ChemistryDell Technologies CapitalNorthzoneThe Chernin Group (TCG Crypto)HV CapitalRenegade PartnersTribeca Venture PartnersViola VenturesWildcat Venture PartnersCoinFundHyde Park Venture PartnersCompany CapitalMouro CapitalLead Edge CapitalHighland Capital PartnersFELIX CAPITALBaruch Future VenturesRocketship.vcAltimeter CapitalHelium-3 VenturesGolden VenturesBDC Venture CapitalVertex Ventures IsraelG2 Venture PartnersEuclid Venture PartnersAmity VenturesDefy PartnersNational Grid PartnersLearn CapitalAdams Street PartnersDragoneer Investment GroupStrata Capital PartnersPillar VCBlumberg CapitalRedpoint eventuresElaia3one4 CapitalVenture Guides Management, L.P.Connectivity VenturesEurazeoCanaan Partners IsraelFTV Capital

Firms observed investing alongside TCV, from public investor directories. Shared companies are the overlap with TCV's recorded portfolio.

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