TCV launches new fund
Venture capitalist TCV wants to invest four billion US dollars in Europe. The fund is also targeting German start-ups.
Venture capitalist TCV is setting up a tech fund with four billion US dollars, which will also explicitly invest in German start-ups. At least that's what TCV partner John Doran told Manager Magazin.
TCV recently invested up to 30 percent of its money in European companies. The portfolio also includes German start-ups such as Brillen.de, Flixbus and Spryker. Two weeks ago, TCV led a financing round at Mambu, which became a unicorn with this round. TCV has often invested in successful companies in the past, including Spotify, Netflix and Peleton.
TVC searches for investments from London with eleven managers. Experience shows that TCV invests between 50 and 400 million euros in a start-up over several rounds.
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