TCMI, Inc. better known by the name TCV (Technology Crossover Ventures) is an American investment firm based in Menlo Park, California. The firm mainly invests in public and private growth-stage companies in the technology industry.
Background
TCV was founded in 1995 by Richard H. Kimball and Jay Hoag.
In 2021, the firm founded TCV Acquisition, a Special-purpose acquisition company (SPAC) with no commercial operations. It was formed to raise capital to acquire private companies. On April 14, it was listed on the Nasdaq under the ticker 'TCVA' and raised $350 million. In April 2023, the SPAC was liquidated as no deal could be found within the given timeframe.
The typical size of an investment that TCV makes in companies ranges from $3 million to $300 million. As of 2020, TCV has invested over $13 billion in over 350 companies. Notable private investments include Airbnb, ByteDance, Facebook, GoFundMe and Spotify. The firm also makes public investments in companies it previously backed when they were private such as Netflix, Zillow and LinkedIn.
Funds FundVintage YearCommitted Capital ($m)Technology Crossover Ventures I1995USD 100Technology Crossover Ventures II1996USD 195Technology Crossover Ventures III1999USD 417Technology Crossover Ventures IV2000USD 1,700Technology Crossover Ventures V2004USD 900Technology Crossover Ventures VI2006USD 1,400Technology Crossover Ventures VII2008USD 3,000Technology Crossover Ventures VIII2013USD 2,230Technology Crossover Ventures IX2016USD 2,500Technology Crossover Ventures Sports2018USD 55Technology Crossover Ventures X2019USD 3,000Technology Crossover Ventures XI2020USD 4,000Technology Crossover Ventures XII2024USD 3,000
References
External links www.tcv.com (Company Website)