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Investor profile

TCV

Private Equity · Founded 1995 · Menlo Park, United States

Website ↗LinkedIn ↗X / Twitter ↗Crunchbase ↗Dealroom ↗

One of the largest growth equity firms focused solely on information technology companies

274 portfolio companies Private Equity · $34B invested · 425 investments · Investor rank #79 · Last investment 7/2026
Portfolio companies ↑ 19% 5y
274
Decacorns ↑ 33% 5y
16
Thoroughbreds ↑ 13% 5y
71
Exits

TCV’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from TCV’s transaction record.

Netflix
$309M IPO · 2002
Entered Series B+Now $296BMedia
Spotify
$30B IPO · 2018
Entered SeedNow $88BMusic
Airbnb
$47B IPO · 2020
Entered Series B+Now $77BTravel
BASF
IPO · 2002
Entered Series ANow $70BEnergy
Nubank
$42B IPO · 2021
Entered Series B+Now $66BFintech
Splunk
$1.6B IPO · 2012
Entered Series B+Now $25BSecurity
Toast
$20B IPO · 2021
Entered Series B+Now $16BFintech
Klarna
$15B IPO · 2025
Entered Series B+Now $4.5BFintech
GoDaddy
$4.5B IPO · 2015
Entered Series B+Now $15BHosting
Groupon
$13B IPO · 2011
Entered Series B+Now $1.1BMarketing
GoodRx
$13B IPO · 2020
Entered Series B+Now $1.4BHealth
Avalara
$1.4B IPO · 2018
Entered Series B+Now $8.4BFintech
Portfolio analysis

Where TCV's portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 274 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA212
  2. UK11
  3. Germany7
  4. Canada6
  5. France4
  6. India4
  7. Netherlands4
  8. Australia3
  9. Israel3
  10. Brazil2
  11. China2
  12. Finland2
By sectorCount
  1. Enterprise Software64
  2. Fintech64
  3. Marketing29
  4. Security28
  5. Media18
  6. Telecom16
  7. Education15
  8. Health13
  9. Travel12
  10. Transportation11
  11. Real Estate9
  12. Legal8
By stage enteredCount
  1. Series B+184
  2. Series A38
  3. Seed19
By growth stageCount
  1. Late Growth133
  2. Breakout Stage85
  3. Mature32
  4. Early Growth24
Portfolio market map

Inside TCV's portfolio.

The 60 highest-funded portfolio companies, of 274 tracked.

Klarna
Fintech · Unicorn
$4.5B
ByteDance
Media · Centicorn
$550B
Airbnb
Travel · Decacorn
$77B
Revolut
Fintech · Centicorn
$115B
Nubank
Fintech · Decacorn
$66B
Spotify
Music · Decacorn
$88B
Clio
Legal · Unicorn
$5.0B
Fireworks AI
Enterprise Software · Decacorn
$18B
Celonis
Enterprise Software · Decacorn
$13B
Sitecore
Marketing · Unicorn
$1.1B
Wealthsimple
Fintech · Unicorn
$7.3B
ICEYE
Space · Decacorn
$11B
Brex
Fintech · Unicorn
$5.2B
Groupon
Marketing · Unicorn
$1.1B
OneTrust
Security · Unicorn
$4.5B
Trade Republic
Fintech · Decacorn
$13B
VICE Media
Media · Unicorn
$5.7B
Klook
Travel · Unicorn
$1.0B
Peloton Interactive
Health · Unicorn
$3.3B
WorldRemit
Fintech · Unicorn
$5.0B
Toast
Fintech · Decacorn
$16B
Flix
Travel · Unicorn
$3.3B
Mollie
Fintech · Unicorn
$3.3B
Relex Solutions
Enterprise Software · Unicorn
$5.5B
Razorpay
Fintech · Unicorn
$7.5B
Qonto
Fintech · Unicorn
$4.8B
Mercury
Fintech · Unicorn
$5.2B
Payoneer
Fintech · Unicorn
$2.2B
AIDoc
Health
$600M
Allica Bank
Fintech · Unicorn
$1.2B
Fuze
Enterprise Software
$250M
Devo
Security · Unicorn
$2.0B
Miro
Enterprise Software · Decacorn
$18B
Trulioo
Security · Unicorn
$1.8B
Vrbo
Travel · Unicorn
$3.9B
Pennylane
Fintech · Unicorn
$4.0B
Sigma Networks
Security
Employment Hero
Jobs Recruitment · Unicorn
$1.4B
Upwind
Security · Unicorn
$1.5B
Mambu
Fintech · Unicorn
$5.4B
SeatGeek
Media · Unicorn
$1.0B
Rent the Runway
Fashion
$272M
AppNexus
Media · Unicorn
$1.8B
BASF
Energy · Decacorn
$70B
Corgi
Fintech · Unicorn
$1.3B
Motricity
Telecom
$740M
First Due
Security
$2.7M
Redis Labs
Enterprise Software · Unicorn
$2.0B
Vectra
Security · Unicorn
$1.2B
Aviatrix Systems
Security · Unicorn
$2.0B
Avalara
Fintech · Unicorn
$8.4B
Rover
Home Living · Unicorn
$1.6B
Actifio
Enterprise Software · Unicorn
$1.3B
Grow Therapy
Health · Unicorn
$3.0B
Minted
Media
$800M
Darwinbox
Jobs Recruitment · Unicorn
$1.0B
Built
Fintech · Unicorn
$1.5B
Liquidnet
Fintech
$700M
Adknowledge
Marketing
$800M
JustFab
Fashion · Unicorn
$1.0B
Portfolio founders

Where TCV's portfolio founders come from.

181 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States89
  2. Germany12
  3. Canada9
  4. India8
  5. Israel8
  6. United Kingdom8
  7. France7
  8. Sweden6
  9. Brazil5
  10. Finland5
UniversityCount
  1. Harvard University10
  2. Stanford University10
  3. Aalto University5
  4. Harvard Business School5
  5. Massachusetts Institute of Technology5
  6. École Polytechnique - IP Paris4
  7. INSEAD Business School4
  8. Technical University Munich4
  9. University of Toronto4
  10. Carnegie Mellon University3
Previous companyCount
  1. Boston Consulting Group6
  2. Alphabet | Google5
  3. Microsoft5
  4. Goldman Sachs4
  5. McKinsey & Company4
  6. Bain & Company3
  7. Groupon3
  8. Meta3
  9. Morgan Stanley3
  10. Teach For America3
How TCV stacks up

Similar investors.

Peers the API surfaces as most similar by portfolio shape, with Dealroom investor rank and portfolio scale.

Accel
Venture Capital · Palo Alto
#32 rank 1,156 companies $3.1T portfolio
Sequoia
Venture Capital · Menlo Park
#3 rank 1,918 companies $23T portfolio
Tiger Global
Venture Capital · New York City
#18 rank 811 companies $3.9T portfolio
Plug and Play
Venture Capital · Sunnyvale
#435 rank 1,539 companies $283B portfolio
Insight Partners
Venture Capital · New York City
#20 rank 809 companies $2.1T portfolio
Bessemer Venture Partners
Venture Capital · San Francisco
#54 rank 847 companies $1.9T portfolio
500 Global
Venture Capital · Palo Alto
#433 rank 2,321 companies $292B portfolio
Index Ventures
Venture Capital · London
#56 rank 675 companies $1.2T portfolio
Key people

Key people at TCV.

Rick Kimball
Rick Kimball
Founder
 Ric Fenton
Ric Fenton
General Partner
 Woody Marshall
Woody Marshall
General Partner
 Tim McAdam
Tim McAdam
General Partner
 John Doran
John Doran
General Partner
 Michael E. Kalfayan
Michael E. Kalfayan
Associate
 Muz Ashraf
Muz Ashraf
General Partner
 Will Griffith
Will Griffith
General Partner
Source: Dealroom next-gen API — investor team endpoint.
Every figure on this page is sourced live from the Dealroom next-gen API. Sections v1 shows that the API does not yet expose — shareholding-based holdings, Power-Law rankings & vintage time-series, entity-filtered news, and market sentiment — are omitted here rather than sourced elsewhere.