United States · 
What does TCV invest in?
TCV invests most often at Venture and Series C (48% of the rounds on record), in sectors such as Technology.
TCV highlights
- 01
24 cheques in the last 12 months
- 02
Mostly Venture and Series C: 48% of its rounds
- 03
Sole investor in 34 rounds, median $56M
- 04
21 exits from the portfolio
What they do
Partnering with exceptional teams to build category-defining technology companiesFrom their own website
- Type
- Private equity (from a list, unverified)
- Cheque size
- Not stated
- Stages
- SeedSeries ASeries BGrowthPre-IPO
- Sectors
- Technology
- Based in
- Menlo Park, United States
- Cold pitches
- Not accepted
The record
Every round we can evidence, newest first200 appearances
- 2026
19 rounds
- Oct
- Oct
- Sept
- Sept
- Aug
- Jul
- Jul
- Jun
- May
- May
- May
- May
- Apr
- Apr
- Mar
- Feb
- Feb
- Jan
- Jan
- 2025
23 rounds
- Dec
- Nov
- Nov
- Nov
- Nov
- Oct
- Oct
- Sept
- Aug
- Aug
- Aug
- JulAidocVenture$110MWith 3 others
- May
- May
- Apr
- Apr
- Mar
- Feb
- Feb
- Feb
- Feb
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
The team
Named by the firm itself, on a filing, its Form ADV or its company registration12 named
ESErez S.a ElishaClass A Manager of the GPiFiling they signed
FDFrederic David FentonDirector of the General Partner of the GPiFiling they signed
JCJay Crandall HoagDirector of the General Partner of the General PartneriFiling they signed
JSJoachim S.a KuskeClass B Manager of the GPiFiling they signed
JAJohn Andrew DoranDirector of Tcmi, Inc.iForm ADV
JQJohn Q. Reynolds, JrDirector of the General Partner of the GPiFiling they signed
JQJon Q. Reynolds, JrDirector of the General Partner of the GPiFiling they signed
JQJon Q. Reynolds, Jr.Director of the General Partner of the General PartneriFiling they signed
JLJustin LioiSenior Vice President of Sole Member of General PartneriFiling they signed
MSMichael StantonAuthorized Signatory of the General PartneriFiling they signed
SESarah Elizabeth BallChief Compliance OfficeriForm ADV
WSWilliam S.a BlackwellClass B Manager of the GPiFiling they signed
We also hold 113 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
What the register says
From the firm's own filings with the SEC, which it must file accurately by law
$23Bassets it managesOct 2026
Registeredinvestment adviserfull reporting to the SEC
- Legal name
- Tcmi, Inc.
- SEC number
- CRD 160389
Funds on its Form ADV
30 private funds, $20B in gross assets · filed Mar 2024
- TCV X, L.P.Private equity85 investors$4.5B
- TCV XI, L.P.Private equity72 investors$2.5B
- TCV IX, L.P.Private equity65 investors$2.3B
- TCV VIII, L.P.Private equity61 investors$2.3B
- TCV XII, L.P.Private equity56 investors$1.5B
- TCV X (A), L.P.Private equity43 investors$1.1B
- TCV XI (A), L.P.Private equity53 investors$801M
- TCV XII (A), L.P.Private equity45 investors$777M
- TCV IX (A), L.P.Private equity36 investors$628M
- TCV VIII (A), L.P.Private equity34 investors$581M
And 20 more on the filing.
Who backs their funds
4 LPs on record in TCV's funds
- Committed
- $1.8B
- Funds
- 6
- Vintages
- 2006 to 2021
The institutions that put money into its funds, which the firm then invests in companies.Source: the pension's own report, latest Mar 2026.
Washington State Investment Board4 funds$800MFund Vintage Committed TCV XI 2021 $250M TCV X 2019 $200M TCV IX 2016 $200M TCV VIII 2014 $150M - California State Teachers Retirement System3 funds$488M
Fund Vintage Committed TCV XI 2021 $200M TCV X 2019 $88M TCV VII 2008 $200M California Public Employees' Retirement System (CalPERS)2 funds$418M
Fund Vintage Committed TCV XI 2021 $261M TCV X 2019 $157M 
Oregon Public Employees Retirement Fund2 funds$100MFund Vintage Committed TCV VII 2007 $75M TCV VI 2006 $25M
Exits from the portfolio
Companies it backed that were later bought or listed21 in all
TOA TechnologiesBought by Oracle CorporationUndisclosedJul 2014
FiberlinkBought by IBM (International Business Machines)UndisclosedNov 2013
ExactTargetBought by Salesforce$2.5BJun 2013
ExactTargetListedUndisclosedMar 2012
GrouponListedUndisclosedNov 2011
SolArcBought by OpenLink FinancialUndisclosedOct 2011
ZillowListed$205MJul 2011
HomeAwayListed$216MJun 2011
Continuous ComputingBought by RadisysUndisclosedMay 2011
Tiny PrintsBought by Shutterfly$333MMar 2011
Business EngineBought by PlanviewUndisclosedFeb 2010
Thinkorswim GroupBought by TD AmeritradeUndisclosedJan 2009
BeVocalBought by Nuance CommunicationsUndisclosedApr 2007
XACCT TechnologiesBought by AmdocsUndisclosedFeb 2004
WebTone TechnologiesBought by Fidelity Information ServicesUndisclosedSept 2003
The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.