Fundraising Fox

TCV

Growth equity

Menlo Park · Series C–Late Stage · 59 people tracked

Also known as Tcmi, Inc.

Fox Verdict
Sign up to see your fit

Deal analysis

Investment thesis

TCV pursues thematically-rooted growth equity investing, seeking innovators that capture shifts in technology and behavior reshaping their industries. The firm deliberately keeps a concentrated portfolio so it can dedicate substantial firm resources to each partner company, positioning itself as a hard-working investor on the cap table. It emphasizes long-term company growth and impact over short-term results, staying actively involved as companies expand across products and geographies, and commits significant capital, time, and resources at pivotal moments. With offices worldwide and a portfolio across five continents, TCV takes a globally minded approach while holding itself to high standards of trust, partnership, and excellence.

Source: firm website, verified Aug 25, 2026.

Stage
Series C–Late Stage
Check
$10M – $500M
HQ
Menlo Park, CA, US
Leads rounds
Leads
Instruments
Equity
Founded
1995
Last 12 months
14 investments
AUM
$22.5B
Tracked investments
106

Team · 59 people

from the firm's website & public directories
Tim Hoag· Partnerin𝕏
Tyler Flint· Partnerin𝕏
Sudeep Jandyam· Principalin
Jonathan Poffley· Vice Presidentin
Leroy Lim· Executive Advisorin
Zach Riedy· Vice Presidentin𝕏
Allison Xu· Investorin𝕏
Colby Gilbert· Investorin
Emma Hanley· Investorin𝕏
Hansen Shi· Investorin
Juan Pablo Villarreal· Investorin

Founder mafia

The TCV mafia →

6 people who came through TCV went on to found or lead other companies.

What they invest in

from 80 of 106 portfolio companies

SaaS ×41Enterprise Software ×40AI & Machine Learning ×32Fintech ×22Cloud Computing ×12Cybersecurity ×11Data & Infrastructure ×11E-commerce ×10

HQs:United States×42United Kingdom×4Germany×3Finland×3Australia×2Canada×2

Who they back

founder profiles across 22 portfolio companies
36%
solo founders
8 of 22 mapped founding teams
48%
repeat founders
of 25 founders with career history

Founding team size:solo founder×82 founders×93 founders×34+ founders×2

Where their founders studiedfrom 26 founders with education data

École Polytechnique ×2INSEAD ×2Stanford University ×2Technical University of Munich ×2

Where their founders worked beforefrom 25 founders with career history

Facebook ×4Meta ×4Bloomberg ×2Credit Suisse ×2Goldman Sachs ×2LinkedIn ×2

2 founders hold a PhD · 4 hold an MBA (of 26 with degree data)

Investments · 106 tracked

founders shown can be your intro path

By year:2026 · 102025 · 42024 · 22023 · 42022 · 12021 · 22020 · 22019 · 12018 · 12017 · 22015 · 433 dated

Zillowzillow.comNASDAQ: ZJul 2023SEC 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

Jennifer Rock(Executive Officer)Susan Daimler(Executive Officer)Jeremy Hofmann(Executive Officer)Errol Samuelson(Executive Officer)Bradley Owens(Executive Officer)David Beitel(Executive Officer)

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

Co-investorsKhosla VenturesMetaPropBenchmarkPIPELINE CAPITAL PARTNERS

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 & CEO)inBrandon Leonardo(Founder)inMax Mullen(Founder)in

Co-investorsA*Andreessen HorowitzBACKGROUND CAPITALBling CapitalBright Pixel CapitalCanaan Partners+29 more

KlarnaNYSE: KLAR
Nerdynerdy.comin𝕏NYSE: NRDY

Nerdy is an online learning company.

AI & Machine LearningConsumerEdTech

Chuck Cohn(Founder)in

Rent the Runwayrenttherunway.comin𝕏NASDAQ: RENT

Rent the Runway is a fashion rental service that lets consumers rent designer clothing — including dresses, tops, trousers, maternity wear, and blazers — from brands such as Sea New York, Ulla Johnson, and BOSS.

Circular EconomyConsumerE-commerceNew York, US

Jennifer Hyman(Co-founder)inJennifer Fleiss(Co-founder)John Rucker(Executive Officer)Beth Kaplan(Director, Executive Officer)Brook Hartmann(Executive Officer)Dan Rosensweig(Director)

Co-investorsAdvance Venture PartnersData Point CapitalFelicis VenturesKleiner PerkinsManhattan Venture PartnersRPS Ventures+21 more

CloudSmithcloudsmith.comin𝕏✓ verified

Cloudsmith outlines its operating principles, emphasizing automation, cloud-native design, transparency, and customer involvement in building its software.

Cloud ComputingCybersecurityDeveloper ToolsBelfast, GB

Glenn Weinsteinin

Co-investorsBrighter CapitalLeadout CapitalMMC VenturesTapestry VCTechstart VenturesShasta Ventures

Curleccurlec.comin𝕏✓ verifiedAcquired

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

Steve KuciaZac Liew

Co-investorsPeak XV PartnersTiger Global Management500 GlobalCaptii Ventures

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

Co-investorsBessemer Venture PartnersCRV (Charles River Ventures)Cyberstarts

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)Paul Flanagan(Director)Scott Dussault(Executive Officer)Sam Kingin

BoardJohn McCarthy(Director)Jeffrey McCarthy(Director)

Co-investorsVista Equity PartnersFlybridge Capital PartnersGutbrain VenturesSavano Capital PartnersSixth StreetTitanium Ventures

Sprykerspryker.com𝕏✓ verified

Spryker offers a composable, modular, API-first commerce platform that lets businesses build and scale digital commerce operations including B2B, B2C, marketplace, and omnichannel models.

E-commerceEnterprise SoftwareSaaSBerlin, DE

Boris Lokschin(Founder)inStefan Ropers(CEO)Franziska von Arnim(CFO)inAlexander Franke(EVP Customer Value & Experience)inAlexander Galych(SVP Technology)inKarl Bischoff(VP Product)in

Co-investorsCherry VenturesOne PeakProject A VenturesSTATION F

iSchemaView, Inc.Sep 2025SEC filingmedium confidence

HealthtechMenlo Park, US

Gregory W. Albers(Director)Roland Bammer(Director)David Stoffel(Executive Officer)Karim Karti(Executive Officer, Director)

BoardBrendan Renehan(Director)

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

OneSource Virtualonesourcevirtual.comin𝕏Jun 2015

OneSource Virtual is a business services company focused on workplace diversity, equity, inclusion, and belonging initiatives for its employees.

Enterprise SoftwareFintechFuture of WorkHR TechSaaSIrving, US

John Wesley Bryan(Executive Officer, Director)Brian Williams(Co-Founder & Board Member)inMelinda Lawrence(Executive Officer)Brian David Williams(Executive Officer, Director)Mark Leon Turner(Executive Officer)Michael Simpson(Executive Officer)

Board seatNari AnsariJohn DrewJake Reynolds· per SEC Form D

Co-investorsTA AssociatesHalyard

Open Education HoldingsNov 2015SEC filingmedium confidence

Coral Gables, US

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

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

Co-investorsFlybridge Capital Partners

Oversight Investment HoldingsNov 2020SEC filingmedium confidence

Menlo Park, US

Tim McAdam(President)inTerrence McCrossan(Director)John Delfino(Vice President and Secretary)inGal Peleg(Vice President)inScott Kingsfield(Director)Christopher Murphy(Director)

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

Themis Solutions Inc.Sep 2021SEC filingmedium confidence

Burnaby

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 ServicesJan 2022SEC 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

Co-investorsBrightspark Ventures

Vectra AIvectranetworks.comin𝕏May 2021SEC 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

Mark Abene(Executive Officer, Director)Shohet Howie(Executive Officer)Hitesh Sheth(Executive Officer, Director)

BoardEric Wolford(Director)inKevin Dillon(Director)Bruce Armstrong(Director)in

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

Co-investorsDag VenturesKhosla VenturesAccel

Activelyactively.aiin𝕏

Actively AI builds AI account agents for revenue teams, including a conversational assistant that answers questions about accounts, drafts emails, prepares meeting briefs, and recommends next-best-actions to progress deals.

AI & Machine LearningSaaSSales Tech

Co-investorsAlkeon InnovationConversion CapitalFirst Round CapitalBain Capital Ventures

Adevintaadevinta.comin

Adevinta operates a portfolio of online classifieds and digital marketplaces spanning consumer goods, mobility, real estate, holiday rentals, and jobs.

ConsumerE-commerceMarketplaces

Co-investorsGeneral Atlantic13books CapitalAnkaa VenturesEQTOtium Capital

AI Insuranceaiinsurance.ioJun 2026 · $106M

AI Insurance provides software for policy, insured, and claims management in the specialty insurance sector.

AI & Machine LearningEnterprise SoftwareFintechInsurTechSaaSNew York City, US

Cameron MacArthur(Founder)in

Co-investorsAUTHENTIC VENTURESHaymaker VenturesY CombinatorMAGIC Fund

Allicaallica.bankin

Allica Bank is a UK business bank offering current accounts, business borrowing (including commercial mortgages and overdrafts), savings accounts, and money management tools such as expense cards and accounting integrations.

Enterprise SoftwareFintech

Co-investorsCogito Capital PartnersVentura Capital

Ankorstoreankorstore.com

Paris-based B2B wholesale marketplace connecting independent brands with local retailers across Europe.

Co-investorsAglae VenturesCoatue ManagementIndex VenturesBain Capital VenturesBONDTiger Global Management

Archyarchy.cominOct 2025 · $20M

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

AI & Machine LearningEnterprise SoftwareHealthtechSaaS

Jon RatBen KolinJonathan Rat(Founder)in

Co-investors2.12 AngelsAdapt VenturesBessemer Venture PartnersEntrée CapitalRecall CapitalTrail Run Capital+1 more

Artifactartifact.engineerin𝕏Apr 2026 · $72M

Artifact is a collaborative ECAD (electrical CAD) design tool for managing complex electrical systems.

Developer ToolsEnterprise SoftwareHardwareNew York City, US

Antony Samuel(Founder - CEO)inCorbin Klett(Founder)in

Co-investorsFloodgateMoonfire VenturesY Combinator468 CapitalAndreessen HorowitzGoodwater Capital+1 more

Artifactheyartifact.comin𝕏Apr 2026 · $72MDefunct

Artifact captures and preserves personal stories and life narratives for families and individuals.

ConsumerMarketplacesMedia & EntertainmentSan Francisco, US

Ross Chanin(Founder)inMoncef Biaz(Founder)inMartin Gouy(Founder)inGeorge Quraishi(Co-founder / COO)in

Co-investorsY CombinatorAndreessen HorowitzGoodwater CapitalInsight Partners

Avalaraavalara.comin𝕏

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

Cloud ComputingEnterprise SoftwareFintechSeattle, US

Jared Vogt(Director)Scott McFarlane(Executive Officer, Director)Alesia Pinney(Executive Officer)Kevin Riegelsberger(Executive Officer)

BoardChelsea Stoner(Director)Edward Gilhuly(Director)

Co-investorsBattery VenturesGlasswing VenturesGolub GrowthPremji InvestSageview CapitalSusquehanna Growth Equity+3 more

Avaloravalor.ioin𝕏acquired by Zscaler

CybersecurityData & InfrastructureEnterprise SoftwareSaaS

Co-investorsCyberstartsJibe VenturesSalesforce Ventures

Aviatrixaviatrix.comin𝕏Oct 2019

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)Doug M.in

BoardShirish Sathaye(Director)inDevdutt Yellurkar(Director)inNick Sturiale(Director)in

Co-investors8VCGeneral CatalystMonta Vista CapitalCervinCRV (Charles River Ventures)

Aviatrixaviatrix.aiin𝕏

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

AI & Machine LearningCloud ComputingCybersecurity

Doug M.in

Co-investorsCRV (Charles River Ventures)

AxiomSL
Believe
Brexbrex.comin𝕏acquired by Capital One · Jan 2026 · $5.2B

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

AI & Machine LearningEnterprise SoftwareFintechSaaSSan Francisco, US

Henrique Dubugras(Co-founder & co-CEO)inPedro Franceschi(Co-founder & CEO)in

Co-investorsKleiner PerkinsY CombinatorDST GlobalRibbit CapitalTiger Global Management137 Ventures+29 more

Brillen
Builtgetbuilt.comin𝕏

Built provides a cloud-based platform that connects capital, data, and workflows for real estate finance, enabling lenders, owners, developers, and contractors to fund, manage, and build projects with visibility and control across the entire lifecycle from origination to asset management.

AI & Machine LearningConstruction TechEnterprise SoftwareFintechPropTechSaaSNashville, US

Chase Gilbert(CEO)

Co-investorsCanapi VenturesCRV (Charles River Ventures)Fifth WallHDS CapitalIndex VenturesNyca+8 more

Celoniscelonis.comin𝕏

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

Alexander Rinke(Founder)inBastian Nominacher(Founder)in

Co-investors83NorthAccelActivant CapitalAlpha Intelligence CapitalOne PeakSilver Lake Partners+1 more

Clioclio.comin𝕏Nov 2025

Clio provides cloud-based legal practice management software and client communication tools for law firms to streamline operations and improve client service.

AI & Machine LearningCloud ComputingLegalTechSaaSVancouver, CA

Jack Newton(CEO and Founder)inRian Gauvreau(Co-founder)Sergey Konchakovskiy(Director, Chief Executive Officer)

BoardJulian Steinberg(Director)John Bush(Director)Alyssa Ferenz(Director)

Co-investorsActon CapitalBessemer Venture PartnersCapitalGIntrepid Growth PartnersJMI EquityNew Enterprise Associates (NEA)+6 more

Cloudsmithcloudsmith.ioApr 2026 · $72M

New York, US

Alan Carson(Director)Lee Skillen(Director)Glenn Weinstein(Executive Officer, Director, Promoter)

BoardBruce Macfarlane(Director)Morgan Gerlak(Director)

Co-investorsFrontline VenturesInsight Partners

Cloudsmith
Cognitecognite.comin

Cognite provides an Industrial AI and data platform that ingests, contextualizes, and manages operational data for industrial teams to optimize production, reduce downtime, and apply AI across workflows.

Advanced ManufacturingAI & Machine LearningData & Infrastructure

Co-investorsAccelAlliance VCAlliance Venture

Cookiebotcookiebot.comin𝕏Acquired

Cookiebot is a consent management platform that scans websites for cookies and trackers and collects visitor consent to help site owners comply with privacy regulations such as GDPR, CCPA, and Google Consent Mode.

CybersecurityMarketing TechSaaS

Co-investorsBain Capital VenturesFoundamentalGC AngelsHeartcore CapitalLocalGlobeMaven Capital Partners+4 more

Corgicorgi.insurein𝕏

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

AI & Machine LearningInsurTechSaaS

Emily Yuan(Founder)in

Co-investorsAUDEO VENTURESKindred VenturesNordstarSeven Stars VenturesTranspose Platform ManagementVocal Ventures+2 more

Corgi Insurancecorgi.comin𝕏Apr 2026

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)inNicolas Laqua(Executive Officer, Director)Emily Zeng Yuan(Executive Officer, Director)

BoardAlexander Wortmann(Director)Oliver Jung(Director)

Co-investorsOrange CollectiveY CombinatorAlumni VenturesContraryFIRST ORDERGlade Brook Capital Partners+7 more

Cradlepointcradlepoint.comin𝕏Jan 2015

Cradlepoint (part of Ericsson) provides wireless WAN connectivity using cellular 5G and LTE, including cellular routers/gateways, private 5G networks, and small cell neutral host solutions.

Enterprise SoftwareHardwareIoTBoise, US

Val Heusinkveld(Executive Officer)George Mulhern(Executive Officer, Director)

BoardLeGrand Lewis(Director)Gerard Langeler(Director)Aaron DeRose(Director)Ron Mika(Director)

Co-investorsDelta-v CapitalFoundryIcon VenturesMercato PartnersNorwest Venture PartnersSwell Collective

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(Co-Founder & Chief Executive Officer)inMark Levine(Director)Daniel Murray(Executive Officer)Kevin Datoo(Executive Officer)

BoardMichael Jones(Director)David Pakman(Director)

Co-investorsAndreessen HorowitzComcast VenturesCowboy VenturesFelicis VenturesForerunner VenturesFounders Circle Capital+5 more

Dream Sportsdreamsports.groupin𝕏

Dream Sports is a sports technology group that operates a portfolio of consumer brands, products, and platforms used by millions of users.

ConsumerGamingSports Tech

Harsh Jain(CEO & Co-Founder, Dream Sports)in

Co-investorsChrysCapitalRedBird Capital PartnersAlpha Wave GlobalSteadview CapitalTiger Global Management

EmbanetCompass
Employment Heroemploymenthero.comin𝕏Oct 2023 · $167M

Employment Hero is an HR, recruitment, payroll, and employee engagement platform that consolidates the full employment lifecycle from hiring and onboarding to payroll and offboarding.

FintechFuture of WorkHR TechSaaS

Ben Thompson(Founder & CEO)inDave Tong(Co-founder)

Co-investorsAirTree VenturesKensington Capital Partners LimitedNimble PartnersPartners for GrowthPartners for Growth (PFG)Insight Partners+1 more

Fireworks aifireworks.aiin𝕏

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

AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareSan Mateo, US

Dmytro Dzhulgakov(Founder)inBenny Yufei Chen(Founder)inChenyu Zhao(Founder)inDmytro Ivchenko(Founder)inJames Reed(Founder)inLin Qiao(Founder)in

Co-investorsArtisanal VenturesBessemer Venture PartnersIndex VenturesInsight PartnersLightspeed Venture PartnersMenlo Ventures+5 more

FlixMobility
Growgrow.incinMar 2026 · $150M

GROW Inc provides a technology platform and services for superannuation funds, offering product distribution, member online portals, and operational automation.

Enterprise SoftwareFintechSaaS

John(Chief Executive Officer)Adam(Chief Strategy Officer)James(Chief Financial Officer)Sarah(Chief Transformation Officer)Claudia(Chief Technology Officer)Glenna(Chief Superannuation Operations Officer)

Co-investorsAirTree VenturesHitachi VenturesBCIMenlo VenturesSignalFireTRANSFORMATION CAPITAL

Growgrow.comin𝕏Mar 2026 · $150Macquired by Epicor

Grow offers a no-code business intelligence platform that combines ETL, data warehousing, visualization, and alerts, letting teams connect and blend data from 100+ sources and build dashboards and KPI metrics without SQL.

Data & InfrastructureEnterprise SoftwareSaaS

Co-investorsKickstartToba CapitalBCIMenlo VenturesSignalFireTRANSFORMATION CAPITAL

Grow Therapygrowtherapy.comin𝕏Mar 2026 · $150M

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)Manoj Kanagaraj, MD(Founder)inAlan Ni(Founder)in

Co-investorsBCICold Start VenturesEvio VCMenlo VenturesPLUS CapitalReshape+6 more

Healthiegethealthie.comin𝕏Oct 2024 · $23M

Healthie provides a software platform for healthcare practitioners including dietitians and life coaches to manage their practices and deliver virtual, recurring care to patients outside traditional hospital settings.

Digital HealthEnterprise SoftwareHealthtechSaaSWellness & FitnessNew York City, US

Cavan Klinsky(Executive Officer, Director)inErica Jain(Executive Officer, Director)

BoardSean Ammirati(Director)

Co-investorsBirchmere VenturesDorm RoomGreen Egg VenturesGreyMatterLongley CapitalTechstars+2 more

HireVuehirevue.comin𝕏

HireVue provides hiring software that combines AI-powered assessments, Virtual Job Tryouts, structured video interviews, and self-scheduling automation to help talent acquisition teams evaluate candidates and reduce bias.

AI & Machine LearningHR TechSaaS

Jeremy Friedman(Chief Executive Officer)Smitha Venugopal(Chief Financial Officer)Alberto Silveira(Chief Technology Officer)Marcy Daniel(Chief Product Officer)Mike Hudy(Chief Science Officer)Sibyl McCarley(Chief People Officer)

Co-investorsBlue CollectiveDelta-v CapitalKickstartSilver Lake PartnersZ5 Capital

Humu Perceptyxhumu.comin𝕏May 2017

Mountain View, US

Wayne Crosby(Executive Officer, Director)Laszlo Bock(Co-Founder & Chief Executive Officer)

BoardDanny Rimer(Director)in

Co-investorsCastor Ventures (an Alumni Ventures Fund)Index VenturesIVP (Institutional Venture Partners)

ICEYEiceye.fiin𝕏

ICEYE operates a constellation of SAR (synthetic aperture radar) satellites to provide near real-time Earth monitoring, including observed flood extents, disaster impact data, and ISR capabilities.

Climate TechDefense TechSpace Tech

Co-investorsInception FundStarlight Ventures

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

Co-investorsDnx VenturesDraper AssociatesGeneral CatalystIn-Q-TelLifeline VenturesMolten Ventures+5 more

Instaworkinstawork.comin𝕏May 2023

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)inSaureen Shah(Co-Founder & CTO)Mark Wallace(Chief Financial Officer)Debarshi Kar(Chief Technology Officer)Keith Chapman(Chief Legal Officer / General Counsel)Cathy Hardin(Chief Revenue Officer)

Co-investorsAfore CapitalAmino CapitalCorner VenturesCrunchFundFour Rivers GroupGreylock Partners+13 more

Integrisonetrust.comin𝕏Dec 2020Acquired

OneTrust provides a governance platform for privacy, risk, data, and compliance across organizations' technology stacks.

AI & Machine LearningData & InfrastructureEnterprise SoftwareAtlanta, US

Alan J. Dabbiere(Manager)John Marshall(Manager)Kabir Barday(Founder)in

BoardRichard Wells(Manager)inDavid K. Dabbiere(Manager)

Co-investorsAcrew CapitalAdams Street PartnersAmplify PartnersBitkraft Esports VenturesBlackRockBright Pixel Capital+16 more

Kipu Health

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.

Exits · 10

IPOs and acquisitions across the tracked portfolio

ZillowNASDAQ: ZInstacartNASDAQ: CARTKlarnaNYSE: KLARNerdyNYSE: NRDYRent the RunwayNASDAQ: RENTAvaloracq. by ZscalerBrexacq. by Capital OneDollar Shave Clubacq. by UnileverGrowacq. by EpicorSendwaveacq. by WorldRemit

Portfolio news

latest coverage across their companies

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

How many investments has TCV made?
TCV has 52 tracked investments, 1 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
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, SaaS, Sector Agnostic, Space Tech.
Where is TCV located?
TCV is headquartered in Menlo Park, US.
Does TCV lead rounds?
Yes, TCV leads investment rounds.
Who does TCV co-invest with?
TCV most often shares deals with Alkeon Innovation, Index Ventures, Accel, among 186 tracked co-investors.

Media · Podcasts & interviews

featuring the team

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

CNBC Television · Jay Hoag

TCV: John Doran, Co-Managing Partner | Nasdaq

John Doran · nasdaq.com

Tech Investing Legend: TCV’s Jay Hoag

Growth Investor with GrowthCap‘s RJ Lumba · Jay Hoag

From 2 to 5000: Revolut's Road to Global Expansion - (Revolut) Nikolay Storonsky & (TCV) John Doran

Slush · John Doran

Images

TCV photoTCV photoTCV photoTCV photoTCV photoTCV photo

Co-investors · 99

Andreessen Horowitz

Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.

$500K – $50M
Sequoia Capital

Sequoia Capital is a venture capital firm that partners with founders to build technology companies.

$4.4M – $214M
Bessemer Venture Partners

Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.

$5M – $100M
Accel

Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.

$1.6M – $70M
Insight Partners

Insight Partners is an investment firm focused on accelerating revenue and profit growth in software companies, providing capital and operational support through its Insight Onsite team.

$120M – $350M
Coatue Management

Coatue Management is a technology-focused investment firm that invests in innovation across both public and private markets with responsible risk management.

$1M – $20M
CRV (Charles River Ventures)

CRV is a venture capital firm that backs founders at the seed and Series A stages, focusing on those with deep conviction and unique insights.

$250K – $5M
Tiger Global Management

Tiger Global Management operates public equity strategies (long/short, long-focused and crossover) and a private equity business investing in early- through late-stage growth companies across new and existing industries.

$1M – $100M
Index Ventures

Index Ventures is a multi-stage venture capital firm that backs companies from Seed to IPO and beyond, including through its dedicated seed fund Index Origin.

$540K – $10.8M
Bain Capital Ventures

BCV Labs is the platform and hands-on support arm of Bain Capital Ventures, providing portfolio founders with go-to-market strategy, brand development, hiring assistance, and customer introductions.

$1M – $100M
Flucas Ventures

Flucas Ventures is a solo GP fund led by Ashley Flucas, who simultaneously serves as COO of Summit Ventures while personally investing in 250-275+ startups and deploying over $75M through a syndicate of 2,000+ LPs in less than two years. The fund operates with true stage, sector, and geography agnosticism while democratizing access to top-tier venture deals by inviting diverse, nontraditional LPs to co-invest alongside marquee firms like Sequoia and Andreessen Horowitz.

$100K – $5M
Menlo Ventures

Menlo Ventures is a venture capital firm that invests in transformative, early-stage AI companies across every layer of the modern AI stack, from applications and middleware to data infrastructure and foundation models.

$1M – $20M
87 more co-investors

Project A VenturesGreylock PartnersSoftBank Vision Fund83NorthFounders Circle CapitalSixth StreetGeneral CatalystBenchmarkIVP (Institutional Venture Partners)Norwest Venture PartnersDST GlobalSapphire VenturesBalderton CapitalFundersClubUpHonest CapitalSignalFireAdditionDell Technologies CapitalActon CapitalAirTree VenturesTrue VenturesPlug and Play VenturesOak HC/FTForerunner VenturesMadrona Venture GroupMeritech Capital PartnersVenrockUpfront VenturesGeneral AtlanticRenegade PartnersTribeca Venture PartnersViola VenturesCompany CapitalMouro CapitalLead Edge CapitalValar Ventures LlcHighland Capital PartnersFELIX CAPITALJackson Square VenturesHoxton Ventures137 VenturesAdams Street PartnersBlumberg CapitalFundamentumCanaan Partners IsraelNotable CapitalGreat Oaks Venture CapitalAccel-KKRInovia CapitalF-Prime CapitalBullpen CapitalCrosslink CapitalLowercase CapitalLerer HippeauNexus Venture PartnersSalesforce Japan Co.,Ltd.ChemistryNorthzoneThe Chernin Group (TCG Crypto)HV CapitalWildcat Venture PartnersCoinFundHyde Park Venture PartnersBaruch Future VenturesRocketship.vcAltimeter CapitalHelium-3 VenturesGolden VenturesBDC Venture CapitalVertex Ventures IsraelG2 Venture PartnersEuclid Venture PartnersAmity VenturesDefy PartnersNational Grid PartnersLearn CapitalDragoneer Investment GroupStrata Capital PartnersPillar VCRedpoint eventuresElaiaMana Ventures3one4 CapitalVenture Guides Management, L.P.Connectivity VenturesEurazeoFTV Capital

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

Similar investors

Featured in lists