About TCV
TCV is a venture capital firm founded in 1995. It is primarily based out of Menlo Park, United States. As of Sep 2026, TCV is an active investor, having invested in 319 companies, with 10 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and FinTech. Most recently it participated in the $***** Series C round of Archy Overall, TCV portfolio has seen 40 unicorns, 39 IPOs and 137 acquisitions including key companies like Nubank, Facebook and Instacart. A lot of funds co-invest with TCV, with names like Accel sharing a substantial percentage of its portfolio. TCV has team of 75 people including 33 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series D & 10 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
TCV's List of Top Investments
TCV has a portfolio of 319 companies, including 40 unicorns. Their most notable investments are in Certinia and eHarmony.Their portfolio spans across United States, United Kingdom, Canada and 19 more locations. They have invested in Enterprise Applications, Consumer, FinTech, FinTech and 33 other sectors, across stages such as Series B, Series D and 10 more. Here is the list of top investments by TCV:
1. Nubank
Provider of digital banking services, including credit cards and accounts. It offers various financial solutions through its application. These solutions include tools for managing money and protecting finances. The company focuses on providing accessible and straightforward banking experiences.
Key facts about Nubank
- Founded Year: 2013
- Location: Sao Paulo (Brazil)
- Annual Revenue: €1B+ as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $2.27B
- Employee Count: 12,692 as on Aug 31, 2026
- Investors: Berkshire Hathaway, Harvest Growth Capital and 39 Others
- Latest Funding Round: Series G, Jun 08, 2021, $*****
- Highlight: Public
2. Facebook
Operator of a social networking service facilitating connection and communication. Its services allows users to connect with friends, family, and other individuals. It provides tools for sharing updates, photos, and videos. The platform also offers features for creating and joining groups, following interests, and discovering content.
Key facts about Facebook
- Founded Year: 2004
- Location: Menlo Park (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $2.27B
- Employee Count: 27,690 as on Jul 31, 2026
- Investors: Sprout Capital Partners, Meritech and 120 Others
- Latest Funding Round: Grant (prize money), Jan 15, 2017, $*****
- Highlight: Public
3. Instacart
Operator of an online marketplace providing grocery and delivery services. The platform connects customers with personal shoppers who fulfill orders from various retailers. Customers can select items, chat with shoppers, and schedule delivery or pickup. The marketplace offers a range of grocery, household, and other retail products. It also provides options for membership and business accounts.
Key facts about Instacart
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $2.93B
- Employee Count: 25,341 as on Aug 31, 2026
- Investors: TrueBridge, equitywestsecurities.com and 85 Others
- Latest Funding Round: Series F, Oct 15, 2021, $*****
- Highlight: Public
4. LinkedIn
Network of resources for professional networking, job searching, and skill development. It provides a platform for individuals to connect with other professionals in their industry. The network facilitates opportunities to find employment and internships across various sectors. Additionally, it offers learning resources for developing business, technical, and creative skills.
Key facts about LinkedIn
- Founded Year: 2002
- Location: Sunnyvale (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $144M
- Employee Count: 23,700 as on Jul 31, 2026
- Investors: Sprout Capital Partners, Glynn Capital and 51 Others
- Latest Funding Round: Post IPO, Apr 17, 2013, $*****
- Highlight: Acquired
5. Zillow
Provider of real estate listings, rentals, mortgages, and agent connections. It offers tools for buying, selling, renting, and managing properties. The platform facilitates connections between users and real estate agents. It also provides resources for property valuation and market analysis.
Key facts about Zillow
- Founded Year: 2005
- Location: Seattle (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2014
- Stage: Public
- Total Funding till date: $87M
- Employee Count: 13,404 as on Aug 31, 2026
- Investors: TrueBridge, TDM Growth Partners and 9 Others
- Latest Funding Round: Post IPO, Aug 12, 2021, $*****
- Highlight: Public
TCV's Year-on-Year Investment Trends
TCV has invested in 332 companies over the last 30 years, with an average of 9 new investments annually in the last 10 years. In 2025, it made 14 investments, while as of Sep 2026, it has made 15 investments in this year. Its most recent first time investment was in Onyx and most recent follow-on round was in Archy.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 8 | 7 | 15 |
2025 | 8 | 6 | 14 |
2024 | 6 | 3 | 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 |
TCV's Investments by Stage
TCV is primarily an Late Stage Investor investor majorly investing in Series B (45) rounds where average round size is $2.02B, Series D (40) rounds where average round size is $7.34B and Series C (36) rounds where average round size is $4.13B.Stage of entry | No. of Investments |
|---|---|
Series B | 45 |
Series D | 40 |
Series C | 36 |
Series A | 28 |
Series E | 16 |
Others | 34 |
Note: We have considered here, only first round of investments
TCV's Investments by Sector
TCV has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Vertical SaaS and Enterprise Infrastructure. Notably, it has invested in 242 Tech companies, 198 Enterprise (B2B) companies, 153 Software companies and at least 105 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 108 |
Consumer | 52 |
FinTech | 39 |
Vertical SaaS | 31 |
Enterprise Infrastructure | 29 |
Others | 166 |
Note: We have considered here, only first round of investments
TCV's Investments by Geography
TCV has made most investments in United States (158), followed by United Kingdom where it has made 6 investments.Country | No. of Investments |
|---|---|
United States | 158 |
United Kingdom | 6 |
Canada | 5 |
Germany | 5 |
Netherlands | 4 |
Others | 24 |
Note: We have considered here, only first round of investments
TCV's recent investments
TCV has made 15 investments in 2026 so far. Archy and Upwind are the latest among them.Here are the most recent investments by TCV:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 11, 2026 | United States | Series C | 3981 | [+4] | |
Sep 02, 2026 | United States | Series C | 7602 | ||
Jul 29, 2026 | United States | Series B | 5887 | ||
Jul 16, 2026 | United States | Series D | 9056 | [+15] | |
Jun 09, 2026 | Finland | Series F | 7543 | [+7] |
Unicorns in TCV's Portfolio
TCV has 40 unicorns in its portfolio - Corgi, Allica Bank, Upwind and others. The most recent unicorn in their portfolio is Corgi. It became a unicorn in 2026.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 |
|---|---|---|---|---|---|---|---|
54 | Provider of automated insurance coverage for technology and software companies | 2024 | San Francisco | Series C | wxecqcv | ||
74 | Digital business bank offering current accounts, savings, lending, and financial management tools | 2019 | London | Series D | jwecfux | ||
65 | Provider of cloud security solutions for infrastructure and application protection | 2022 | San Francisco | Series C | ghs{utl | ||
72 | Manufacturer of radar satellite constellations providing persistent earth observation imagery | 2014 | Espoo | Series F | udknjo{ | ||
72 | Generative AI platform as a service for accelerating product innovation and disruption | 2022 | Redwood City | Series D | srtegrp |
IPOs and Publicly Listed companies in TCV's Portfolio
39 of TCV's portfolio companies have become public. Klarna got listed on the New York Stock Exchange (NYSE), in Sep 2025 at marketcap of $15.1B and Hinge Health got listed on the New York Stock Exchange (NYSE) at marketcap of $792M.Here are TCV's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 10, 2025 | Mar 01, 2021 | Series H | 6785 | |
May 22, 2025 | - | - | 4838 | |
Sep 19, 2023 | - | - | 4801 | |
Dec 10, 2021 | Jun 29, 2017 | Series C | 2468 | |
Dec 09, 2021 | Jul 26, 2019 | Series F | 6611 |
Acquired companies in TCV's Portfolio
137 companies from TCV's portfolio have been acquired. The most recent acquisition was Miro in Sep 2026 by Bending Spoons for $*****.Here are TCV's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 10, 2026 | Jan 05, 2022 | Series C | 2626 | |
Aug 13, 2026 | Sep 08, 2022 | Series B | 6047 | |
Jul 30, 2026 | Jun 03, 2008 | Post IPO | 6755 | |
Jun 30, 2026 | May 19, 2021 | Series B | 2167 | |
Jun 15, 2026 | Oct 05, 2016 | Series E | 5517 |
Team profile of TCV
TCV has a team of 75 members including 33 Partners and 11 Principals located in United States, United Kingdom and 2 more locations. TCV's team sits on the board of 6 companies.Here is a list of top team members in TCV:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Jackson | - | - | |
Partner | Palo Alto | |||
Partner | San Francisco | - | - | |
Partner | Menlo Park | - | - | |
Partner | Menlo Park | - | ||
Partner | London | - | - | |
Partner | Greenwich | - | - | |
Partner | Menlo Park | - | - | |
Partner | Palo Alto | - | - | |
Partner | San Francisco | - | - | |
Partner | San Francisco | - | - |
Co-investors of TCV
Over the past 30 years, 1321 investors have co-invested in TCV's portfolio companies. This includes funds and angels.
- Invested before TCV: Accel, Sequoia Capital and 748 others have invested in rounds before TCV. There are 10 companies where Accel has invested before TCV and 9 companies where Sequoia Capital has invested before TCV.
- Top Co-investors of TCV: 263 investors entered a company along with TCV. These include investors like Accel (11 companies).
- Invested after TCV: A total of 308 investors have invested in TCV's portfolio after their investments. Top Investors include Goldman Sachs (5 companies), SoftBank Vision Fund (5 companies) and Tiger Global Management (4 companies).
Recent News related to TCV
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Israeli Cloud Security Startup Upwind Secures $300 Million Funding RoundTech in Asia•Sep 03, 2026•Upwind, TCV, Bessemer Venture Partners, Penny Jar and 6 others
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TCV Lakewood LLC Acquires 50-Unit Town Centre Village Apartments for $9.1MMThe Registry Pacific Northwest•Aug 18, 2026•TCV
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Fireworks Secures $1.5 Billion Series D Funding at $17.5 Billion ValuationMassinvestor•Jul 16, 2026•Atreides Management, Fireworks, TCV, Index Ventures and 3 others
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Mercury Raises $200M Series D Funding Led by TCV to Expand AI-Native Business Banking PlatformThe SaaS News•Jul 08, 2026•TCV, Mercury
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Corgi Raises $106 Million in New Fundingintelligence360•Jun 24, 2026•Zone Two, TCV, Corgi, Prime Capital
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ICEYE Secures Over €1 Billion in Series F Funding, Valued Above €10 BillionMamStartup•Jun 09, 2026•ICEYE, General Atlantic, Tesi, TCV and 6 others
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Allica Bank Secures $155M Series D Funding at $1.2B ValuationThe SaaS News•Jun 02, 2026•Sona Asset Management, GLG, TCV, Blue Owl and 2 others
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AI Insurance Platform Corgi Valued at $2.6B in Funding RoundInsurance Journal•Jun 01, 2026•TCV, Vocal Ventures, Leblon Capital, Repeat Ventures and 5 others
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Mercury valued at $5.2 billion in Series D funding roundTeleborsa•May 20, 2026•TCV, Mercury, Sequoia Capital, Coatue and 4 others
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Actively has raised $45 Million in new Series B Fundingintelligence360•May 20, 2026•First Harmonic, TCV, Actively, Bain Capital Ventures and 1 other
