Investments
441Portfolio Exits
146Funds
23Service Providers
3About Technology Crossover Ventures
Technology Crossover Ventures invests in technology companies in the Internet, Services, Infrastructure, and Software sector and provides long-term financial, strategic, and operational support. It focuses on proprietary networks across the technology landscape. The company was founded in 1995 and is based in Palo Alto, California.
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Latest Technology Crossover Ventures News
Jan 5, 2023
31st December, 2022 The HRtech startup entered the coveted unicorn club in January 2022 after securing $72 Mn from Technology Crossover Ventures, Salesforce Ventures, Sequoia India, Lightspeed India, Endiya Partners, 3one4Capital, JGDEV and SCB 10X. Earlier, the startup shared plans of hiring about 2500 employees globally and also was aiming to list for bourses in the coming three years. It further aims to become profitable in India this year (2023) while targets to achieve profitability in Southeast Asia and Middle East by 2024. The startup also informed that it would be foraying in New Zealand, Japan, the US and Australia over the next three years. In the HRtech segment, it competes with the likes of Workday, SAP SuccessFactors, and Oracle Fusion, among others. As per the Fortune Business Insights report, the global HRtech sector was pegged at $22.89 Bn in 2020 and will breach the $35.68 Bn mark in 2028, expanding at a CAGR of 5.8% during the forecasted period. Of this, India accounted for $3.6 Bn of the global HRtech market in 2021. The development was first reported by Entrackr. Note: We at Inc42 take our ethics very seriously. More information about it can be found here. Loading Next…
Technology Crossover Ventures Investments
441 Investments
Technology Crossover Ventures has made 441 investments. Their latest investment was in Legit Security as part of their Series B on September 9, 2023.
Technology Crossover Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/20/2023 | Series B | Legit Security | $40M | No | 5 | |
5/18/2023 | Series D | Instawork | $60M | Yes | 7 | |
4/19/2023 | Series A | Avalor | $25M | Yes | 10 | |
12/5/2022 | Series C | |||||
9/29/2022 | Series B |
Date | 9/20/2023 | 5/18/2023 | 4/19/2023 | 12/5/2022 | 9/29/2022 |
|---|---|---|---|---|---|
Round | Series B | Series D | Series A | Series C | Series B |
Company | Legit Security | Instawork | Avalor | ||
Amount | $40M | $60M | $25M | ||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 5 | 7 | 10 |
Technology Crossover Ventures Portfolio Exits
146 Portfolio Exits
Technology Crossover Ventures has 146 portfolio exits. Their latest portfolio exit was Humu on August 02, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
8/2/2023 | Acquired | 1 | |||
7/26/2023 | Acq - Fin | 2 | |||
6/22/2023 | Asset Sale | 4 | |||
Date | 8/2/2023 | 7/26/2023 | 6/22/2023 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acq - Fin | Asset Sale | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 2 | 4 |
Technology Crossover Ventures Acquisitions
11 Acquisitions
Technology Crossover Ventures acquired 11 companies. Their latest acquisition was Oversight Systems on September 02, 2020.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
9/2/2020 | Private Equity | $35.76M | Acq - Fin | 3 | ||
3/27/2018 | Corporate Majority | 3 | ||||
8/17/2017 | Acq - Fin | 2 | ||||
2/28/2017 | ||||||
6/18/2015 |
Date | 9/2/2020 | 3/27/2018 | 8/17/2017 | 2/28/2017 | 6/18/2015 |
|---|---|---|---|---|---|
Investment Stage | Private Equity | ||||
Companies | |||||
Valuation | |||||
Total Funding | $35.76M | ||||
Note | Acq - Fin | Corporate Majority | Acq - Fin | ||
Sources | 3 | 3 | 2 |
Technology Crossover Ventures Fund History
23 Fund Histories
Technology Crossover Ventures has 23 funds, including TCV XII.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
6/12/2023 | TCV XII | $1,402.06M | 3 | ||
1/31/2022 | TCV Velocity fund | $460M | 1 | ||
1/27/2021 | TCV XI | $4,000M | 3 | ||
1/31/2019 | TCV X | ||||
10/3/2018 | TCV Sports |
Closing Date | 6/12/2023 | 1/31/2022 | 1/27/2021 | 1/31/2019 | 10/3/2018 |
|---|---|---|---|---|---|
Fund | TCV XII | TCV Velocity fund | TCV XI | TCV X | TCV Sports |
Fund Type | |||||
Status | |||||
Amount | $1,402.06M | $460M | $4,000M | ||
Sources | 3 | 1 | 3 |
Technology Crossover Ventures Service Providers
4 Service Providers
Technology Crossover Ventures has 4 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Series D | Investment Bank | Financial Advisor | |
Service Provider | |||
|---|---|---|---|
Associated Rounds | Series D | ||
Provider Type | Investment Bank | ||
Service Type | Financial Advisor |
Partnership data by VentureSource
Technology Crossover Ventures Team
33 Team Members
Technology Crossover Ventures has 33 team members, including current Founder, General Partner, Jay Hoag.
Name | Work History | Title | Status |
|---|---|---|---|
Jay Hoag | Founder, General Partner | Current | |
Name | Jay Hoag | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Founder, General Partner | ||||
Status | Current |
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