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Investor profile

TCV

Private equity / VC · Founded 1995 · Active in 2026

TCV is a private equity / vc based in USA, founded in 1995. The page below shows 103 Power Law outcomes from TCV's portfolio — 91 unicorns ($1B+ valuation) and 5 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Fintech · Other B2B Software · eCommerce & Marketplaces; top portfolio geographies are USA · Canada · France. TCV ranks #67 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

103 Power Law outcomes Power Law Ranking #67 · Global · 103 Power Law outcomes · Active 2026
Unicorns ↑ 17% 5y
91
Decacorns ↓ 14% 5y
18
Thoroughbreds ↑ 38% 5y
79
01 · Exits

TCV’s biggest exits.

TCV portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 2012
Now $1.6T
IPO · 2002
Entered Series B+Now $375B
$29.5B IPO · 2018
Entered SeedNow $97.3B
$95.0B IPO · 2020
Entered Series B+Now $69.1B
IPO · 2006
Entered Series B+Now $70.0B
$41.5B IPO · 2021
Entered Series B+Now $64.4B
$2.0B IPO · 2016
Entered Series B+Now $27.2B
IPO · 2011
Entered Series B+Now $26.2B
IPO · 2012
Entered Series B+Now $24.6B
$20.0B IPO · 2021
Entered Series B+Now $11.7B
IPO · 2015
Entered Series B+Now $14.6B
$14.0B IPO · 2021
Entered Series B+Now $7.1B
$12.7B IPO · 2020
Entered Series B+Now $1.2B
$11.0B IPO · 2021
Now $3.3B
$1.4B IPO · 2018
Entered Series B+Now $8.4B
IPO · 2011
Entered Series ANow $8.0B
$7.7B IPO · 2019
Entered Series B+Now $3.1B
$7.4B IPO · 2021
Entered Series B+Now $3.5B
IPO · 2007
Now $6.6B
$5.9B IPO · 2025
Entered Series B+Now $3.6B
$5.7B buyout · 2023
Entered Series B+
$5.2B acquisition · 2026
Entered Series B+
IPO · 2004
Entered SeedNow $4.8B
IPO · 2011
Entered Series B+Now $3.9B
02 · Estimated holdings

TCV’s selected top holdings.

An estimate of TCV’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 23 companies where TCV is a named shareholder, worth about $9.5B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 RevolutFintech · Decacorn 3.2% $75.0B $2.4B
  2. 2 Relex SolutionsEnterprise Software · Unicorn 25% $5.5B $1.4B
  3. 3 WorldRemitFintech · Unicorn 18% $5.0B $900M
  4. 4 Trade RepublicFintech · Decacorn 6.5% $12.5B $812M
  5. 5 MambuFintech · Unicorn 11.5% $5.4B $620M
  6. 6 ClioLegal · Unicorn 10% $5.0B $500M
  7. 7 10.6% $3.3B $350M
  8. 8 14.5% $2.2B $319M
  9. 9 4% $7.3B $292M
  10. 10 6% $4.8B $290M
  11. 11 11.5% $2.0B $230M
  12. 12 4.6% $4.5B $207M

Showing the 12 largest of 23 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = TCV’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. TCV also appears inside investor groups in Allica Bank, Celonis, Genesys Telecommunication Labs, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

+23 more $1B+ exits on the full Dealroom profile.

03 · Portfolio analysis

The 103 TCV Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA73
  2. Canada4
  3. France3
  4. Netherlands3
  5. UK3
  6. Germany3
  7. India3
  8. Australia2
  9. Sweden2
  10. Brazil1
  11. Poland1
  12. Hong Kong1
By sectorCount
  1. Fintech28
  2. Other B2B Software16
  3. eCommerce & Marketplaces13
  4. Cybersecurity12
  5. Marketing11
  6. Other8
  7. Health Tech & Medtech5
  8. AI4
  9. Edtech3
  10. Energy2
  11. Biotech & Life Sciences1
By stage enteredCount
  1. Series B+88
  2. Series A5
  3. Seed4
04 · Portfolio market map

TCV's 103 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
103 of 103 Power Law outcomes
05 · Power Law comparison

How does TCV stack up?

TCV in orange, your selection in blue and other colours. Pick from the global roster of 35 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns

Stage focus

Companies by entry stage and outcome tier

Sector focus

Companies per investor across the 10 highest-volume sectors
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where TCV's portfolio founders come from — and where they studied.

154 founders across the 103 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Stanford University and Microsoft are the deepest single pipelines.

LocationCount
United States80
France21
India13
Germany12
Norway7
Austria3
China3
Venezuela3
Vietnam3
Russia2
+4 more →
UniversityCount
Stanford University11
Harvard University10
École Polytechnique - IP Paris5
Massachusetts Institute of Technology5
University of Pennsylvania4
NYU Stern School of Business4
Télécom Paris - IP Paris3
University of Oxford3
Boston University Academy3
Harvard Business School3
+68 more →
Origin companyCount
Microsoft11
Alphabet | Google6
Booking.com4
Endeca3
Yahoo!2
Workday2
NetApp2
Apple2
PayPal2
Hitachi Vantara2
+30 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.

Market sentiment

What the market is saying about TCV

An AI-synthesized read of the highest-engagement posts about TCV on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about TCV

Recent press, funding announcements, and portfolio moves mentioning TCV — pulled live from Dealroom's news feed.

See all news

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