Milana Vinn
TCV XI has raised $4bn, a record for the firm during its 25-year history that makes it one of the largest growth equity and VC funds to date.
UBS suggests investors seek out big platforms and key enabling technologies to capitalize on e-commerce adoption. Meanwhile, data centers are expanding to cope with increasing demand for cloud applications brought on in part by the at-home workplace environment.
TCV is set to capture the rise of subscription-driven businesses and back entrepreneurs who are engaging customers in the consumer internet space, said Tolaney, who was previously with Francisco Partners.
KKR invested in the company out of its newly raised Next Generation Technology Fund II, which closed in January on $2.2bn.
The firm has been in expansion mode, recently hiring Gopi Vaddi, an ex-Providence Equity executive, as a new partner in TCV’s London office.
Technology Crossover Ventures endorsed tech-powered educational platform Newsela with $50 million in Series C funding, the firm said in a statement. Newsela is an edtech company, customizing news, speeches and reviews for children of different reading abilities. TCV first got in touch with the company in 2015 and its goal resonated with the investing team, Dave […]
Strattam Capital deployed about a quarter of its second fund into three platform deals as it closed the pool this month on $230 million. The Austin firm takes control positions in founder-led IT companies. From the pool Strattam plans to make three more platform deals, plus three to five add-ons, all across the business-to-business IT space, […]
Insight Venture Partners has doubled down on tech investments with an unusual transaction: The PE firm bought an aging VC fund in Israel. Insight bought Genesis Partners’ fourth fund, which invests in software startups in Israel. The secondary transaction, announced Feb. 26, was unusual since Insight traditionally invests in established tech companies through its own […]
Technology Crossover Ventures invested $200 million in retail-planning-software provider RELEX Solutions, a pioneer investment out of TCV Fund X. The growth and VC firm plans to complete 20 to 25 investments out of the fund, John Doran, lead on the RELEX deal and general partner at TCV, told VCJ. RELEX “is right in the sweet spot” […]
Technology Crossover Ventures has a fresh pool of $3 billion for what it sees as a great opportunity to buy into tech-enabled consumer and business and enterprise technology companies, Nathan Sanders, COO and general partner, told VCJ. TCV said on Jan. 31 that it closed its 10th fund and plans to begin investing it this quarter. […]