TCV Closes Latest Fund, at $4 Billion

TCV, a Menlo Park, CA-based growth investment firm, closed its largest fund to date at $4 billion.

TCV XI will continue the firm’s history of partnering with founders and CEOs to build iconic technology franchises redefining their industries, supporting portfolio companies throughout their entire lifecycle as private and public companies.  

TCV’s key areas of sector specialization, include SaaS, edtech, remote collaboration, fitness, media/entertainment, touchless commerce, and digital banking. In 2020, the firm made investments in companies across fintech (Klarna, Mambu, Mollie, Revolut, Wealthsimple), digital health and fitness (Strava), e-commerce enablement (Spryker) and SaaS (OneTrust, Oversight, Redis Labs). 

Launched almost 26 yearso ago, TCV has invested more than $14 billion, guided 65 companies through IPOs and executed 64 strategic sales.

TCV XI has a team of over 100 people across offices in Silicon Valley, New York, and London. Through several strategic hires, the firm deepened domain expertise in addition to making investments in the technology hubs of Europe, Asia-Pacific and Latin America.