Tcv
Partnering with exceptional teams to build category-defining technology companies
In the firm's own words, from its website.
89 additional team members, 37 additional co-investors and affiliates, 258 additional investments, funds and LPs, 64 events, 119 verified contacts (116 professional url, 2 general firm email, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 companiesnew in 12 months
2 new companies in the last 12 months. Took 1 board seat on new Form D filings in 90 days (iSchemaView).
A firm writing cheques this quarter is one a founder can pitch now.
- 3 companiesportfolio raising
3 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 8 May 2026 ($200M sold on Form D).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
People to know
View all people- Partner, Head of Portfolio OptimizationWhy: Heads an investment areaProfile
- Partner, Head of Capital MarketsWhy: Heads an investment areaProfile
- PartnerWhy: Partner: part of the investment decisionProfile
Relationship network
337 connected entities10 observed rounds1 repeat counterparty
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Capital provider
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Tcv: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Tcv
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
146 companies on record, 2 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Act-On | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| Actifio | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| Actively AI | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- ai, space, media
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
85 current, 12 departed
Decision makers
- David Eichler · Partner, Head of Portfolio OptimizationWhy this person: Heads an investment area; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01LinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
- Jon Rauen · Partner, Head of Capital MarketsWhy this person: Heads an investment area; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01LinkedIn or profile link on file (their bio on the firm's website, firm website), confirmed 2026-10-01, confidence 90%
- Alexander Wortmann · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01LinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 3 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Partner
- Partner, Head of Portfolio Optimization
- Partner, Head of Capital Markets
12 departed (kept with end dates)
- Carla Schwartz Newell · General Partner Of Tcmi, Inc. · Feb 1, 2000 to Mar 31, 2014 Inference
- Christopher Phelan Marshall · Member, Tcv Ix Management, L.L.C. · Feb 1, 2016 to Mar 28, 2018 Inference
- David Li Yuan · Member, Tcv Ix Management, L.L.C. · Feb 1, 2016 to Mar 28, 2018 Inference
Contacts
2 general firm email, 1 firm phone, 116 professional url on record, each with its source. Values open with the complete profile.
Funds and LPs
29 vehicles, 9 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Technology Crossover Ventures XII | Growth fund | 2024 lp reported | Early deployment | unknown | unknown | unknown | unknown |
| TCV Xii, L.P. | Fund · ADV: Private Equity Fund | 2022 form d first sale | Active deployment | $1.5B Mar 27, 2024 | 56 | $1.4B | Jun 12, 2023 |
| TCV Tru Co, L.P. | Fund · ADV: Private Equity Fund | 2022 adv first reported | Active deployment | $64.7M Mar 27, 2026 | 11 | $0 | May 6, 2021 |
Limited partners
- 1 commitment to 1 fund · $150M disclosed
- 2022-06-132 commitments to 2 funds · $100M disclosed
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| California Public Employees' Retirement System | STATE RETIREMENT SYSTEM | TCV XI | $261M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Washington State Investment Board | PUBLIC INSTITUTIONAL POOL | TCV XI | $250M committed | committed Feb 1, 2021 | Fact Pension disclosure |
| Washington State Investment Board | PUBLIC INSTITUTIONAL POOL | TCV Ix, L.P. | $200M committed | committed Dec 27, 2016 | Fact Pension disclosure |
Relationships across DFX
147 co-investors · on 4 other DFX graphs
Co-investors
- 2026-10-0114 shared deals · very strong
- 2026-10-0110 shared deals · very strong
- 2026-10-017 shared deals · strong
Compare portfolios with Sequoia Capital, Silver Lake Technology Management, LLC, Alkeon Capital Management, LLC or any firm. Co-investors across the market
Across DFX and the capital chainon 4 other DFX graphs · 207 capital paths ShowHide
- Sponsor-market profile (matched by same CRD)
- The same institution is held on Independent Sponsors, Private Equity, RIA and Wealth, Allocators, matched by identifier. See which records
Tcv is the same institution as 4 records in Independent Sponsors, Private Equity, RIA and Wealth and Allocators.
DFX found 4 relationships across 4 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Tcv sits on 207 traced paths of capital across the graphs.
DFX traced 207 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
69 dated events, 70 observations from 4 sources
Timeline
- Dec 31, 2025Colorado PERA reports Technology Crossover Ventures I: $3,000,000 committed, vintage 1995
- Jun 30, 2025Mass PRIM lists Technology Crossover Ventures among its private equity managersLP commitment disclosedLPsFactMassachusetts Pension Reserves Investment Management BoardPension disclosure
- Mar 27, 2024JON Quentin Reynolds (Director Of Tcmi, Inc.) no longer on Schedule A of Tcv
- Mar 27, 2024Richard Herrick Kimball (Stockholder And Director Of Tcmi, Inc.) no longer on Schedule A of Tcv
- Apr 1, 2023John Andrew Doran joined Schedule A of Tcv as Director Of Tcmi, Inc.
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 27, 2026 · 34 private fundsShowHide
- Headquarters
- Menlo Park, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- TCV.COM
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 27, 2026
- Private funds reported
- 34 (0 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $23Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $20Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 85
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 13, 2026Private equity with venture activity (candidate, 50%)No venture fund on Form ADV; public LPs book its vehicles as Growth Equity
- Sep 12, 2026Private equity with venture activity (probable, 75%)Registered adviser; venture funds are 32% of 30 private funds
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| SEC adviser type | Registered investment adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 27, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-02-13 | Mar 27, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-02-13 | Mar 27, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 13, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-27 | Mar 27, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-27 | Mar 27, 2024 | Fact | Form ADV |
| Venture share of reported funds | 0 | Mar 27, 2026 | Fact | Form ADV |
| Venture share of reported funds | 0 | Mar 27, 2024 | Fact | Form ADV |
| Business phone | Mar 27, 2024 | Fact | Form ADV | |
| Contact page url | Oct 1, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Oct 1, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 15, 2026 | Fact | ||
| Employees | 85 | Mar 27, 2024 | Fact | Form ADV |
| Headquarters | Mar 27, 2024 | Fact | Form ADV | |
| Lp strategy label | Growth Equity | Sep 13, 2026 | Fact | Pension disclosure |
| Office address | Mar 27, 2024 | Fact | Form ADV | |
| Portfolio page | Oct 1, 2026 | Fact | ||
| Portfolio page | Oct 1, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 15, 2026 | Fact | ||
| Private funds reported | 34 | Mar 27, 2026 | Fact | Form ADV |
| Private funds reported | 30 | Mar 27, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $23B | Mar 27, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $20B | Mar 27, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $20B | Mar 27, 2024 | Fact | Form ADV |
| Stated sectors | AI, space, media “sector words on the home page” | Oct 1, 2026 | Fact | |
| Stated sectors | AI, space, media “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, space, media “sector words on the home page” | Sep 15, 2026 | Fact | |
| Team page | Oct 1, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 15, 2026 | Fact | ||
| Venture funds reported | 0 | Mar 27, 2026 | Fact | Form ADV |
| Venture funds reported | 0 | Mar 27, 2024 | Fact | Form ADV |
| Website | Mar 27, 2024 | Fact | Form ADV | |
| Site title | Oct 1, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 15, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersPrivate equity with venture activity, candidateShowHide
No venture fund on Form ADV; public LPs book its vehicles as Growth Equity
- importance
- gav: 0 · funds: 0 · people: 1 · investments: 0.81 · scale basis: Venture-typed funds only (Private equity with venture activity): 0 funds, $0M of $12.6B reported · co investors: 0.87
- active deployment
- investments 12m: 0.25 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-08-14
- emerging manager
- fund count: 43 · reported gav: $13B · first adv filing: 2012-02-13 · years since first filing: 14.6
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- LP commitment disclosed2025-12-31source on record
- LP commitment disclosed2025-06-30source on record
- Adviser's first ADV filing2012-02-13source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.