Where is TCV's headquarters located?

TCV's headquarters is located in Menlo Park ( United States ).

How big is TCV's investment team?

TCV has a team of 103, including 35 partners.

How many companies has TCV invested in?

TCV has invested in 305 companies, including Zillow & Payoneer.

Which companies has TCV invested in lately?

Strava & Cloudsmith are the latest investments by TCV.

What sectors does TCV focus on for investments?

Top sectors in TCV's portfolio are Enterprise Applications (122 investments) and Consumer (70 investments).

What stages of companies does TCV typically invest in?

TCV primarily invests in Series B and Series D stages.

How many exits has TCV been involved in?

TCV's portfolio has seen 44 IPOs and 125 acquisitions.

How many unicorns are there in TCV's portfolio?

There are 31 unicorns in TCV's portfolio.

TCV - 2025 Investor Profile, Team & Investment Trends - Tracxn

Most viewed in 2019

TCV is a venture capital firm founded in 1995. It is primarily based out of Menlo Park, United States. As of May 2025, TCV is an active investor, having invested in 305 companies, with 8 new investments in the last 12 months. It primarily invests in Series C round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it led the $23M Series B round of Cloudsmith along with Sorenson Capital. This round also saw participation from Insight Partners and other investors.

Overall, TCV portfolio has seen 31 unicorns, 44 IPOs and 125 acquisitions including key companies like Zillow, Payoneer and Peloton. A lot of funds co-invest with TCV, with names like Accel sharing a substantial percentage of its portfolio.

TCV has team of 103 people including 35 partners.

Key Metrics

Team Members

John Drew, Woody Marshall & 101 more

Portfolio Count

Zillow, Payoneer & 316 more

Portfolio Sectors

Enterprise Applications, Consumer & 33 more

Portfolio Locations

United States, United Kingdom & 19 more

Rounds of Entry

Series B, Series D & 10 more

Portfolio IPOs

Hinge Health, Instacart & 42 more

Portfolio Acquisitions

R.J. O’Brien, Act-On & 123 more

Portfolio Unicorns

Nourish, Nasuni & 29 more

Portfolio Soonicorns

Instawork, Minted & 20 more

Deals in last 12 months

Strava, Cloudsmith & 11 more

TCV has invested in 318 companies over the last 29 years, with an average of 8 new investments annually in the last 10 years. In 2024, it made 9 investments, while as of May 2025, it has made 6 investments in this year. Its most recent first time investment was in Cloudsmith and most recent follow-on round was in Strava.

Here are TCV's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2025 (YTD)	3	3	6
2024	7	2	9
2023	3	3	6
2022	15	2	17
2021	15	10	25
2020	7	1	8
2019	10	3	13
2018	8	3	11
2017	4	4	8
2016	4	4	8

View all investments by TCV

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TCV is primarily an Late Stage Investor investor majorly investing in Series B (38) rounds where average round size is $1.54B, Series D (37) rounds where average round size is $5.58B and Series C (35) rounds where average round size is $3.88B.

Here are TCV's investments by stage:

Note: We have considered here, only first round of investments

Stage of entry	No. of Investments
Series B	38
Series D	37
Series C	35
Series A	27
Series E	15
Others	34

View all investments by TCV

TCV has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, High Tech and Enterprise Infrastructure. Notably, it has invested in 224 Tech companies, 181 Enterprise (B2B) companies, 114 Software companies and at least 87 companies focusing on Consumer (B2C).

Here are TCV's investments by sector:

Note: We have considered here, only first round of investments

Sector	No. of Investments
Enterprise Applications	92
Consumer	49
FinTech	37
High Tech	32
Enterprise Infrastructure	28
Others	169

View all investments by TCV

TCV has made most investments in United States (147), followed by Germany where it has made 6 investments.

Here are TCV's investments by geography:

Note: We have considered here, only first round of investments

Country	No. of Investments
United States	147
Germany	6
United Kingdom	6
Canada	5
Netherlands	4
Others	21

View all investments by TCV

TCV has made 6 investments in 2025 so far. Strava and Cloudsmith are the latest among them.

Here are the most recent investments by TCV:

Date	Company	Location	Round Details	Round Amount	Co-Investors
May 26, 2025	Strava	United States	Series G	Undisclosed	Sequoia Capital [+2]
Mar 03, 2025	Cloudsmith	United States	Series B	$23M	Insight Partners [+6]
Feb 24, 2025	Albert	United States	Series A	Undisclosed	J P Morgan [+1]
Feb 20, 2025	Arize	Australia	Series C	$70M	Adams Street Partners [+10]
Jan 29, 2025	Roofr	United States	Series B	Undisclosed	ABC Supply [+4]

Get the detailed list of all investments by TCV. Download now!

See more recent investments made by TCV

TCV has 31 unicorns in its portfolio - Nourish, Nasuni, Employment Hero and others. The most recent unicorn in their portfolio is Nourish. It became a unicorn in 2025, 1 years after TCV first invested in it.

Here is a list of unicorns in TCV's portfolio:

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
66	Nourish	Telehealth platform connecting individuals with registered dietitians for personalized nutrition guidance	2021	HealthTech	Austin	Series B	rg{xlhq
69	Nasuni	Cloud based enterprise file system storage provider	2009	Enterprise Infrastructure [+1]	Natick	Series F	yikfhpf
66	Employment Hero	Provider of end to end HR, payroll and benefits management platform	2014	Enterprise Applications [+1]	Sydney	Series F	elleuxu
71	SeatGeek	Company providing a digital platform that enables users to search and book events	2009	Media & Entertainment [+1]	New York City	Series E	pensczi
78	Klarna	Developer of an online platform for point-of-sale financing	2005	FinTech [+2]	Stockholm	Series H	fpbit{y

View more details about unicorns in TCV's portfolio

44 of TCV's portfolio companies have become public. Hinge Health got listed on the New York Stock Exchange (NYSE), in May 2025 at marketcap of $792M and Instacart got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $8.3B.

Here are TCV's portfolio companies that went public:

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Hinge Health	May 22, 2025	-	-	-
Instacart	Sep 19, 2023	-	-	-
Grupa Pracuj	Dec 10, 2021	Jun 29, 2017	Series C	$95M
Nubank	Dec 09, 2021	Jul 26, 2019	Series F	$400M
Rent the Runway	Oct 27, 2021	Jan 02, 2015	Series D	$60M

View more details about public companies in TCV's portfolio

125 companies from TCV's portfolio have been acquired. The most recent acquisition were R.J. O’Brien in Apr 2025 by StoneX for $900M.

Here are TCV's portfolio companies that got acquired most recently:

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
R.J. O’Brien	Apr 14, 2025	-	-	-
Act-On	Jan 23, 2025	Apr 15, 2014	Series E	$42.1M
Evisort	Sep 17, 2024	May 11, 2022	Series C	$100M
Envestnet	Jul 01, 2024	-	-	-
Venafi	May 20, 2024	Nov 29, 2018	Series D	$100M

View all acquired companies in TCV's portfolio

TCV has a team of 103 members including 35 Partners, 1 Venture Partner and 21 Principals located in United States, United Kingdom and 4 more locations. TCV's team sits on the board of 1 company.

Here is a list of top team members in TCV:

Name	Designation	Location	Board Memberships	Contact details
John Drew	Partner	Palo Alto	AgriProtein	1 Email
Woody Marshall	Partner	San Francisco	-	1 Email
Jake Reynolds	Partner	Menlo Park	-	1 Email
Tim McAdam	Partner	Menlo Park	-	1 Email
John Doran	Partner	London	-	1 Email
Robert Trudeau	Partner	Greenwich	-	1 Email
Ric Fenton	Partner	Menlo Park	-	1 Email
Jay Hoag	Partner	Palo Alto	-	1 Email
Rick Kimball	Partner	San Francisco	-	1 Email
Neil Tolaney	Partner	San Francisco	-	1 Email
Muz Ashraf	Partner	London	-	1 Email

Get the full list of TCV's team & partners for free. Download now!

View team details of TCV

Over the past 29 years, 1134 investors have co-invested in TCV's portfolio companies.

Invested before TCV: Accel, Kleiner Perkins and 572 others have invested in rounds before TCV. There are 10 companies where Accel has invested before TCV and 8 companies where Kleiner Perkins has invested before TCV.
Top Co-investors of TCV: 240 investors entered a company along with TCV. These include investors like Accel (11 companies).
Invested after TCV: A total of 320 investors have invested in TCV's portfolio after their investments. Top Investors include T. Rowe Price (4 companies), TPG (4 companies) and SoftBank Vision Fund (4 companies).