TCV closes TCV XI at $4 billion
TCV announced this week the closing of TCV XI, the firm’s largest fund to date at $4 billion. The fund seeks to accelerate TCV’s strong momentum and capture the vast opportunities presented by digital transformation and rapid technology adoption. This will continue TCV’s long history of partnering with exceptional founders and CEOs to build iconic technology franchises redefining their industries.
TCV turned 25 in 2020 and to date has invested more than $14 billion in over 350 growth stage technology companies. TCV today employs over 100 people across offices in Silicon Valley, New York, and London. Through strategic hires, TCV has also deepened domain expertise in addition to making investments in the technology hubs of Europe, Asia-Pacific, and Latin America. TCV’s investments beyond North America to date exceed $4 billion.
The pandemic accelerated innovation in many of TCV’s key areas of sector specialization, including SaaS, education technology, remote collaboration, fitness, media/entertainment, touchless commerce, and digital banking. In 2020 TCV made investments in companies aligned with secular technology trends across fintech (Klarna, Mambu, Mollie, Revolut, Wealthsimple), digital health and fitness (Strava), e-commerce enablement (Spryker) and SaaS (OneTrust, Oversight, Redis Labs).
We are delighted to have supported TCV on this fundraise.