Technology Crossover Ventures (TCV), a Palo Alto, California-based provider of growth equity for premier technology companies, closed a $2.23 billion fund.
TCV VIII has received support from public and private pension funds from North America, Europe and Asia, university endowments, financial institutions, family offices, and technology entrepreneurs.
Led by by Jay Hoag, Jake Reynolds and a team of more than 40 investment professionals, the fund will continue to execute on the firm’s core strategy of providing growth equity capital to technology companies, with a focus on the Internet, business and financial services, infrastructure, and software markets.
Founded in 1995, Technology Crossover Ventures has invested in more than 200 technology companies over the last 18 years. Investments include C|NET, Expedia, Facebook, Fandango, FX Alliance, Go Daddy, Genesys Software, Groupon, Netflix, RealNetworks, Redback Networks, Sitecore, Spotify, and Zillow.
The firm also has offices in New York and London.