Crossover fund
Technology Crossover Ventures portfolio
tcv.comTechnology Crossover Ventures is a crossover fund based in Menlo Park, United States, founded in 1995. It has invested in 86 venture-backed companies across 110 funding rounds on VCMC, and led 65 of those rounds. 18 of them were in the last 12 months.
86
Venture-backed companies
in its portfolio on VCMC
110
Funding rounds
led 65
18
Last 12 months
rounds, Oct 2025 to Sep 2026
52
With a disclosed valuation
of 86 companies
$258.7B
Combined value of its private companies
the whole companies, not what Technology Crossover Ventures owns
78 private companies Technology Crossover Ventures has backed have a VCMC valuation; together they are worth $258.7B. That is the value of the whole companies, not what Technology Crossover Ventures owns. Revolut is 30% of the total. 8 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Technology Crossover Ventures' most valuable portfolio companies
The 10 most valuable private companies Technology Crossover Ventures has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Revolut Banks & ATMs, London $78.1B range $61.5B – $91.0B Led at Series D, 2020
- 2 Fireworks AI Tech Companies, San Mateo $19.5B range $15.2B – $29.8B Led at Series D, 2026
- 3 Trade Republic Financial Services, Berlin $16.9B range $12.8B – $20.0B Joined at Series C, 2021
- 4 ICEYE Aerospace and Defence, Espoo $12.8B range $10.0B – $17.6B Joined at Series F, 2026
- 5 Celonis Tech Companies, Munich $10.7B range $2.3B – $20.7B Joined at Series D, 2022
- 6 Wealthsimple Investment Consultants & Financial Advisors, Toronto $8.5B range $6.2B – $9.8B Joined at Growth, 2021
- 7 Qonto Payment Processing & Point of Sale, Paris $8.3B range $1.2B – $9.5B Led at Series D, 2022
- 8 Dream Sports Tech Companies, Mumbai $8.0B range $695M – $9.2B Led at Growth, 2021
- 9 Mollie Payment Processing & Point of Sale, Amsterdam $7.6B range $1.1B – $12.2B Led at Series B, 2020
- 10 Clio Tech Companies, Burnaby $7.1B range $4.3B – $8.3B Led at Series D, 2019
Portfolio
Full Technology Crossover Ventures portfolio (86 companies)
86 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Revolut Banks & ATMs · led at Series D, 2020 | Growth Equity Sep 2025 $2.00B | $78.1B | $61.5B – $91.0B | $67.8B (-13%) | $8.0B | 35% | 20,310 | flat | A | |
| 2 | Trade Republic Financial Services · since Series C, 2021 | Growth Equity Dec 2025 $1.40B | $16.9B | $12.8B – $20.0B | $17.4B (+3%) | $1.7B | 0% | 1,762 | growing | A | |
| 3 | Clio Tech Companies · led at Series D, 2019 | Series G Nov 2025 $500M | $7.1B | $4.3B – $8.3B | $7.3B (+2%) | $798M | 0% | 2,750 | growing | B | |
| 4 | Fireworks AI Tech Companies · led at Series D, 2026 | Series D Jul 2026 $1.50B | $19.5B | $15.2B – $29.8B | $25.9B (+33%) | $2.8B | 0% | 448 | growing | B | |
| 5 | Dream Sports Tech Companies · led at Growth, 2021 | Growth Equity Nov 2021 $840M | $8.0B | $695M – $9.2B | $8.0B (0%) | $911M | 0% | 108 | flat | D | |
| 6 | ICEYE Aerospace and Defence · since Series F, 2026 | Series F Jun 2026 $520M | $12.8B | $10.0B – $17.6B | $15.3B (+19%) | $1.8B | 0% | 1,128 | growing | A | |
| 7 | Celonis Tech Companies · since Series D, 2022 | Debt Aug 2022 $600M | $10.7B | $2.3B – $20.7B | $10.0B (-7%) | $2.2B | 20% | 4,483 | up | D | |
| 8 | FlixBus Buses, Shuttles & Local Transit · since Series F, 2019 | Series G Jun 2021 $650M | $3.7B | $296M – $4.4B | $3.5B (-6%) | $493M | 0% | 2,644 | flat | D | |
| 9 | Wealthsimple Investment Consultants & Financial Advisors · since Growth, 2021 | Growth Equity Oct 2025 $540M | $8.5B | $6.2B – $9.8B | $8.5B (0%) | $763M | 0% | 2,493 | growing | A | |
| 10 | Mollie Payment Processing & Point of Sale · led at Series B, 2020 | Series C Jun 2021 $800M | $7.6B | $1.1B – $12.2B | $7.3B (-4%) | $1.4B | 0% | 1,194 | up | D | |
| 11 | OneTrust Tech Companies · led at Series C, 2020 | Growth Equity Jul 2023 $150M | $3.8B | $1.0B – $5.3B | $3.4B (-13%) | $445M | 21% | – | flat | C | |
| 12 | Mercury Banks & ATMs · led at Series D, 2026 | Series D May 2026 $200M | $5.9B | $4.5B – $7.9B | $6.9B (+18%) | $760M | 0% | 1,785 | growing | A | |
| 13 | Razorpay Payment Processing & Point of Sale · led at Series F, 2021 | Series F Dec 2021 $375M | $5.0B | $764M – $13.1B | $5.0B (0%) | $1.4B | 46% | 3,700 | unknown | D | |
| 14 | Zepz Money Transfer · since Series E, 2021 | Debt Apr 2025 $165M | $3.2B | $1.2B – $6.1B | $2.7B (-18%) | $470M | 48% | 623 | flat | C | |
| 15 | Upwind Tech Companies · led at Series A, 2024 | Series C Sep 2026 $300M | $3.9B | $3.3B – $5.7B | $4.9B (+25%) | $543M | 0% | 544 | growing | A | |
| 16 | Qonto Payment Processing & Point of Sale · led at Series D, 2022 | Series D Jan 2022 $550M | $8.3B | $1.2B – $9.5B | $7.9B (-4%) | $1.1B | 0% | 2,450 | up | D | |
| 17 | Capsule Drug Stores & Pharmacies · led at Series C, 2019 | Growth Equity Apr 2021 $300M | $999M | $89.2M – $1.2B | $996M (0%) | $107M | 2% | 838 | flat | D | |
| 18 | Jane General Retail & Merchandise · led at Growth, 2025 | Growth Equity May 2025 $500M | $17.8M | $0 – $17.8M | $17.6M (-1%) | – | 100% | 46 | down | dead | |
| 19 | Aidoc Tech Companies · led at Series D, 2022 | Series E Apr 2026 $150M | $2.3B | $1.5B – $3.8B | $2.7B (+16%) | $298M | 0% | 621 | up | B | |
| 20 | Jane Tech Companies · led at Growth, 2025 | Growth Equity May 2025 $500M | $2.1B | $1.4B – $2.4B | $2.1B (0%) | $188M | 0% | 795 | up | A | |
| 21 | Devo Tech Companies · led at Series E, 2021 | Series F Jun 2022 $100M | $397M | $165M – $3.0B | $337M (-15%) | $286M | 97% | 497 | down | D | |
| 22 | Trulioo Tech Companies · led at Series D, 2021 | Series D Jun 2021 $394M | $1.1B | $152M – $2.7B | $976M (-7%) | $299M | 34% | 384 | flat | D | |
| 23 | SuperTask AI Software Development Services · since Series F, 2024 | Growth Equity Apr 2025 $165M | $1.6B | $738M – $2.6B | $1.4B (-11%) | $156M | 28% | 1 | unknown | C | |
| 24 | Allica Bank Banks & ATMs · led at Series C, 2022 | Series D Feb 2026 $155M | $1.4B | $1.0B – $1.8B | $1.6B (+10%) | $188M | 0% | 907 | flat | A | |
| 25 | Modsy Tech Companies · led at Series C, 2019 | Series C May 2019 $37M | $3.00M | $0 – $3.00M | $3.00M (0%) | – | 100% | 70 | down | dead | |
| 26 | TourRadar Travel Agencies · led at Series C, 2018 | Series C Jun 2018 $50M | $65.4M | $15.4M – $274M | $64.6M (-1%) | $35.1M | 64% | 170 | up | D | |
| 27 | Tech Companies · led at Series C, 2015 | Series E Aug 2022 $238M | $1.1B | $150M – $1.7B | $988M (-9%) | $172M | 16% | 842 | flat | D | |
| 28 | Tech Companies · since Growth, 2025 | Growth Equity Aug 2025 $355M | $4.6B | $2.6B – $7.0B | $4.6B (0%) | $413M | 0% | 517 | up | B | |
| 29 | Tech Companies · led at Series F, 2020 | Series G Apr 2021 $110M | $1.9B | $165M – $2.5B | $1.8B (-7%) | $286M | 6% | 1,489 | flat | D | |
| 30 | Gift Shops · led at Series C, 2013 | Series E Dec 2018 $208M | $1.7B | $128M – $3.9B | $1.7B (0%) | $372M | 7% | 583 | flat | D | |
| 31 | Tech Companies · led at Series C, 2019 | Series D Feb 2021 $100M | $820M | $154M – $1.4B | $753M (-8%) | $151M | 24% | 531 | up | D | |
| 32 | Tech Companies · led at Series C, 2022 | Series C May 2022 $100M | $281M | $53.3M – $1.2B | $249M (-11%) | $98.8M | 59% | 67 | flat | D | |
| 33 | Tech Companies · led at Series B, 2022 | Series C Feb 2025 $70M | $939M | $532M – $1.3B | $939M (0%) | $103M | 0% | 244 | growing | B | |
| 34 | Tech Companies · led at Series F, 2020 | Debt Jan 2026 | $2.1B | $828M – $3.1B | $2.1B (-1%) | $297M | 3% | 1,002 | growing | C | |
| 35 | Tech Companies · since Series B, 2022 | Series B Mar 2022 $60M | $126M | $28.8M – $329M | $119M (-5%) | $60.0M | 97% | 217 | shrinking | D | |
| 36 | Tech Companies · led at Series B, 2026 | Series B Apr 2026 $45M | $328M | $191M – $578M | $407M (+24%) | $44.8M | 0% | 82 | growing | B | |
| 37 | Tech Companies · led at Series B, 2025 | Series B Aug 2025 $40M | $410M | $229M – $472M | $410M (0%) | $45.2M | 0% | 81 | up | B | |
| 38 | Tech Companies · since Series B, 2022 | Series B May 2022 $40M | $147M | $18.9M – $415M | $141M (-5%) | $37.7M | 30% | 55 | up | D | |
| 39 | Tech Companies · since Series B, 2023 | Series B Sep 2023 $40M | $170M | $53.5M – $628M | $114M (-33%) | $49.3M | 76% | 86 | down | D | |
| 40 | Tech Companies · since Series A, 2024 | Series A Jan 2024 $15M | $136M | $19.9M – $232M | $112M (-18%) | $21.6M | 11% | 54 | flat | D | |
| 41 | Tech Companies · since Seed, 2014 | Seed Sep 2014 $3.0M | $20.3M | $0.67M – $36.5M | $20.3M (0%) | $4.32M | 0% | 6 | unknown | D | |
| 42 | Payment Processing & Point of Sale · since Series D, 2021 | Acquisition Apr 2026 $5.15B | $15.2B acquired 2026 | $2.7B – $17.4B | – | – | 0% | 1,730 | up | C | |
| 43 | Tech Companies · led at Growth, 2026 | Growth Equity Jan 2026 $204M | $4.7B | $3.7B – $5.6B | $4.8B (+3%) | $475M | 0% | 1,248 | growing | A | |
| 44 | Tech Companies · since Series C, 2022 | Acquisition Sep 2026 $1.36B | $8.9B acquired 2026 | $1.9B – $28.4B | – | – | 59% | 2,479 | flat | D | |
| 45 | Real Estate Rental · led at Growth, 2008 | Growth Equity Nov 2008 $250M | $2.9B | $185M – $4.1B | $2.9B (0%) | $259M | 0% | 3 | unknown | D | |
| 46 | Money Transfer · led at Series B, 2015 | Series D Jun 2019 $175M | $351M | $78.2M – $1.1B | $351M (0%) | $129M | 71% | 357 | down | D | |
| 47 | Business and HR Consulting · led at Series F, 2023 | Series F Oct 2023 $166M | $2.3B | $764M – $3.6B | $2.2B (-3%) | $391M | 0% | 1,884 | up | C | |
| 48 | Insurance - Agents, Carriers & Brokers · led at Series B, 2026 | Growth Equity Sep 2026 $41M | $2.6B | $2.3B – $3.3B | $2.9B (+9%) | $257M | 0% | – | unknown | A | |
| 49 | Tech Companies · led at Series E, 2019 | Growth Equity Apr 2021 $130M | $1.2B | $108M – $1.6B | $1.2B (0%) | $135M | 0% | 668 | flat | D | |
| 50 | Tech Companies · led at Series D, 2022 | Growth Equity Aug 2025 $40M | $1.1B | $772M – $1.2B | $971M (-8%) | $113M | 20% | 1,334 | flat | A |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Technology Crossover Ventures invests: stages, industries and countries
Most of its rounds are Series C and later (75%). Its companies span 28 industries, most in Tech Companies, Software Development Services and Payment Processing & Point of Sale, across 13 countries.
Rounds by stage
- Seed 4
- Series A 6
- Series B 18
- Series C and later 82
Investments by industry
- Tech Companies 47
- Software Development Services 5
- Payment Processing & Point of Sale 4
- Banks & ATMs 3
- Employment Agencies & HR Consulting 2
- Investment Consultants & Financial Advisors 2
- Money Transfer 2
- Aerospace and Defence 1
Investments by country
- United States 58
- Canada 7
- France 3
- Germany 3
- India 3
- United Kingdom 3
Recent rounds
Technology Crossover Ventures' latest investments
Technology Crossover Ventures' most recent funding rounds, newest first. 18 rounds in the last 12 months.
- Series B, led $55M 13 Oct 2026
- Upwind Series C, led $300M 2 Sep 2026
- Fireworks AI Series D, led $1.50B 15 Jul 2026
- Series B, led $75M 24 Jun 2026
- Series C $88M 24 Jun 2026
- ICEYE Series F $520M 9 Jun 2026
- Mercury Series D, led $200M 20 May 2026
- Series B, led $160M 6 May 2026
- Series B, led $45M 28 Apr 2026
- Series C, led $72M 23 Apr 2026
Co-investors
Technology Crossover Ventures' top co-investors
The investors that most often join the same rounds as Technology Crossover Ventures. Accel leads, with 14 rounds together.
- Accel 14 rounds together
- Sequoia Capital 11 rounds together
- Insight Partners 10 rounds together
- General Atlantic 9 rounds together
- Greylock Partners 8 rounds together
- Tiger Global 8 rounds together
- Founders Fund 8 rounds together
- Bessemer Venture Partners 8 rounds together
- Craft Ventures 7 rounds together
- 7 rounds together
About
About Technology Crossover Ventures
TCMI, Inc., known as Technology Crossover Ventures, is an American investment firm that operates as a growth equity investor, private equity provider, and venture capital manager. The company specializes in investing in public and private technology companies, with a focus on sectors such as construction, real estate, and financial services. Technology Crossover Ventures manages a global portfolio and is SEC-registered in the United States and regulated by the Financial Conduct Authority in the UK.
Description from Veridion's company data.
- Founded
- 1995
- Based in
- Menlo Park, United States
- Team
- 552 people, +6% in a year
- Type
- Crossover fund
Focus markets
- Technology
- Construction
- Real Estate
- Financial Services
What Technology Crossover Ventures offers
- Technology Growth Equity Investment
- Private Equity Investment
- Venture Capital Investment
- Public Equity Investment
- Portfolio Company Growth Support Services
- Management Team Partnership Services
- Global Investment Portfolio Management
- IPO Support and Execution
Questions
Technology Crossover Ventures: frequently asked questions
How many companies has Technology Crossover Ventures invested in?
86 venture-backed companies on VCMC, across 110 funding rounds.
What are Technology Crossover Ventures' most valuable private companies?
Revolut ($78.1B), Fireworks AI ($19.5B), Trade Republic ($16.9B), by VCMC's valuation.
What was Technology Crossover Ventures' latest investment?
Albert Invent, a Series B round in Oct 2026 of $55M, which Technology Crossover Ventures led.
Which stages does Technology Crossover Ventures invest in?
Technology Crossover Ventures invests most often at Series C and later (82 rounds), followed by Series B (18) and Series A (6). It has also joined 4 seed rounds.
What is Technology Crossover Ventures' portfolio worth?
Its private companies with a VCMC valuation are worth $258.7B together. That is the sum of the companies' values, not what Technology Crossover Ventures owns.
Who does Technology Crossover Ventures invest alongside?
Accel (14 rounds), Sequoia Capital (11 rounds), Insight Partners (10 rounds).