246 Views

TCV, Salesforce fuel FinancialForce.com with $110 mln

FinancialForce.com, a provider of enterprise resource planning services, has raised $110 million in new funding. New investors Technology Crossover Ventures led the round, with participation from existing investor Salesforce Ventures. The San Francisco-based company has now raised $220 million in total funding, including a $50 million infusion by Advent International in April 2014. As part of the latest funding, Tim McAdam, general partner at TCV, has joined the board.

191 Views

Rover grabs $25 mln in TCV-led round

Seattle-based Rover.com, a network that connects dog owners with dog sitters, has raised $25 million in funding. Technology Crossover Ventures led the round with participation from return backers Foundry Group, Madrona Venture Group, Menlo Ventures and Petco. Also, Rover has appointed Jeremy Wacksman, Zillow‘s vice president of marketing and product management, to Rover’s board of directors.

VC-backed Avalara recruits Falle as North American channel chief

Bainbridge Island, Washington-based Avalara, which provides software for sales tax and other transactional tax compliance, has hired Patrick Falle as North American channel chief. Previously, Falle worked at Imperva where he served as director of sales and was a founding employee. Avalara’s backers include Sageview Capital, Battery Ventures, Warburg Pincus, Technology Crossover Ventures and Arthur Ventures.

120 Views

TCV leads $100 mln round for WorldRemit

London-based online money transfer service WorldRemit has secured $100 million in Series B funding. Technology Crossover Ventures led the round with participation from previous backer Accel Partners. William Blair advised TCV on the transaction. In addition to the funding, TCV’s John Rosenberg has been added to WorldRemit’s board.

VC-backed Elevate appoints COO

Online credit solutions provider Elevate has named Jason Harvison as chief operating officer. Previously, Harrison was the company’s chief product officer. Elevate’s backers include Sequoia Capital and Technology Crossover Ventures.

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Avalara nets $42 mln

Avalara Inc, which provides cloud-based software for sales tax and other transactional tax compliance, has raised $42 million in funding. The investors included Technology Crossover Ventures and Warburg Pincus.

233 Views

TCV promotes two to GP and one to principal

Technology Crossover Ventures has promoted Ted Coons and Daniel O’Keefe to general partners and Sean Giese to principal. Coons and O’Keefe are based in New York while Giese is in the firm’s Palo Alto, Calif. headquarters. Prior to joining TCV, Coons was a managing director at Blackstone; O’Keefe was a principal at North Bridge and a senior vice president at Pequot Capital; and Giese worked at Deutsche Bank in the tech M&A group.

301 Views

Rent the Runway walks away with $60 mln Series D

Rent the Runway, which provides rentals of designer clothes, has raised $60 million in Series D funding. Technology Crossover Ventures led the round with participation from Bain Capital Ventures, Highland Capital Partners and Condé Nast parent company Advance Publications. In addition to the financing, Daniel O’Keefe, a general partner at TCV, has been appointed to Rent the Runway’s board.

306 Views

TCV leads $56.7 mln round for ThinkingPhones

Technology Crossover Ventures has led a $56.7 million Series D round for Thinking Phone Networks. The round also includes funding from existing investor Bessemer Venture Partners. Cambridge, Mass-based Thinking Phones provides technology that aims to unify voice, text and conferencing services on a single cloud platforms.

171 Views

Design marketplace Minted attracts $38 mln

San Francisco-based design marketplace Minted has received $38 million in funding. Norwest Venture Partners led the round with participation from Technology Crossover Ventures. In addition to the funding, the firm has appointed Toby Lenk to its board of directors.

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