04082014investmentgrowth
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Distributions from Union Square and Spark spiked last year: VCJ

Distributions from Union Square Ventures’ debut 2004 fund and Spark Capital’s initial 2005 fund spiked last year, perhaps not surprisingly, according to a recent Washington State Investment Board portfolio report, affiliate magazine Venture Capital Journal says.

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Actifio secures funds led by Tiger Global Management

Actifio, a copy data virtualization company has secured an oversubscribed $100 million funding round led by Tiger Global Management with participation from current investors North Bridge, Greylock IL, Advanced Technology Ventures, Andreessen Horowitz and Technology Crossover Ventures. Actifio will use the funds to accelerate expansion.

Minted raises $41mln Series C

Minted, an online marketplace for independent design and art, has raised $41 million in its Series C financing, led by Technology Crossover Ventures. Allen & Company and existing investor Benchmark Capital both participated as investors in the round.

AppNexus Goes “All-In” on Mobile Advertising

The New York-based digital advertising firm AppNexus is upping its commitment to mobile advertising, the company announced today. More specifically, its mobile buy-side offering, which is in beta with clients including Collective, CPX Interactive, FlxOne, and Matomy, is expected to be available to all AppNexus customers this summer. The beta product is already integrated with mobile supply sources such as Nexage, Smaato, and MoPub. AppNexus raised a $75 million Series D round of financing led by Technology Crossover Ventures in January.

Pearson Acquires EmbanetCompass

Pearson has acquired EmbanetCompass, a provider of online learning services for non-profit academic institutions, from an investor group led by private equity and venture capital firm Technology Crossover Ventures and global education company Knowledge Universe, for $650 million in cash. The transaction is subject to Hart-Scott-Rodino review. Morgan Lewis served as legal adviser to Pearson on the transaction.

Rapid7 Acquires Mobilisafe

Rapid7, a provider of security risk management solutions, has acquired Mobilisafe, a Seattle-based mobile risk management provider. Rapid7 is backed by Bain Capital Ventures and Technology Crossover Ventures.

Teakwood Capital Hires Talent MD

Mike Taylor has joined Dallas-based Teakwood Capital as managing director for talent. Taylor has over 30 years’ experience in executive search and coaching within the BPO, Technology, and Software sectors, with both public and private companies. His past clients include Technology Crossover Ventures, Austin Ventures and Battery Ventures as well as corporate names such as […]

Genesys Appoints New Board Members

Genesys, a provider of customer service and contact center software, has appointed a new board including executives from Genesys, Permira, Technology Crossover Ventures, and Banneker Partners. The board members are Paul Segre, Genesys, who has been a senior executive at the company since 2002; Tom Lister, co-managing partner, and Brian Ruder, partner, from Permira; Jake […]

Permira-backed Co Acquires Genesys

A Permira portfolio company has completed the acquisition of Genesys, a global specilaist in contact center technology software, from Alcatel-Lucent. Technology Crossover Ventures and certain co-investors of the Permira funds also participated in the transaction. The transaction values the company at USD$1.5 billion. Genesys is headquartered in Daly City, CA. PRESS RELEASE Permira, the European […]

Will Griffith Leaves TCV

Will Griffith has left venture firm Technology Crossover Ventures, peHub has confirmed. Griffith joined the firm in 2000 and became a general partner in 2003. He worked with portfolio companies including 2Wire, Adknowledge, MoneyExpert, Orbitz, Tiny Prints, Travelport and Whitepages. Before joining TCV, Griffith was an associate at The Beacon Group, a private equity firm that was acquired by JP Morgan Chase in 1999. The news was first reported by Fortune.

OpenLink to Acquire SolArc

Hellman & Friedman Capital Partners portfolio company OpenLink is acquiring Technology Crossover Ventures‘ portfolio company SolArc, provider of commodity management software solutions. ArchPoint Partners served as SolArc’s investment banker, and Wilson Sonsini Goodrich & Rosati served as SolArc’s outside legal counsel in this transaction. Financial terms of the transaction were undisclosed. PRESS RELEASE ArchPoint Partners […]

TCV Backs Sitecore

Technology Crossover Ventures has invested an undisclosed amount into Sitecore, a maker of website content management and online marketing software. Terms were not disclosed. David Yuan, a TCV General Partner, will join the current Sitecore board. Also joining the board will be Bob Burke, former CEO of Art Technology Group.

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