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New fund from Technology Crossover Ventures raises US$2.5b

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Published Tue, Aug 2, 2016 · 09:50 PM

San Francisco

THE venture capital industry faced worries earlier in the year that it had hit a rocky patch. Yet investors keep pouring money into mammoth new venture funds.

On Monday, Technology Cross-over Ventures, or TCV, said it had raised US$2.5 billion for its latest fund, which is called TCV IX. The venture capital firm is best known for investing in companies such as Dollar Shave Club, Netflix, Vice Media and Zillow.

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