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Technology Crossover Ventures company logo
Venture Capital
FINANCE | Asset/Financial Management
tcv.com

Investments

457

Portfolio Exits

155

Funds

24

Service Providers

3

About Technology Crossover Ventures

Technology Crossover Ventures (TCV) invests in technology companies in the Internet, services, infrastructure, and software sectors and provides long-term financial, strategic, and operational support. It focuses on proprietary networks across the technology landscape. The company was founded in 1995 and is based in Menlo Park, California.

Headquarters Location

250 Middlefield Road

Menlo Park, California, 94025,

United States

+1 650 614 8200

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Expert Collections containing Technology Crossover Ventures

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Find Technology Crossover Ventures in 1 Expert Collection, including E-Commerce.

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E-Commerce

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Latest Technology Crossover Ventures News

First Due Secures $355 Million Strategic Investment to Accelerate Innovation in Public Safety Software

Aug 21, 2025

MIAMI–( BUSINESS WIRE )– First Due , a leading all-in-one software platform for public safety agencies, today announced it has secured a $355 million strategic minority growth investment led by JMI Equity , a leading growth equity software investor based in the greater DC area and San Diego, with participation from TCV and ongoing support from Serent Capital —distinguished investors known for backing category-defining technology companies. First Due powers operations for over 3,000 agencies across all local, state/provincial, and federal segments in the United States and Canada. Major customers include the State of Michigan, City of Charlotte, San Bernardino County Fire Protection District, and several federal agencies including the Department of Defense. The platform delivers a unified solution with best-in-class products for fire, EMS, hospitals and law enforcement, and has rapidly become a leader in AI-driven public safety technology, enabling faster decision making, greater operational readiness, and better response outcomes. The new investment will be used to accelerate platform development, enhance customer support, and expand service delivery. It will also enable First Due to attract and retain top talent while scaling product capabilities, including the widespread use of cutting-edge artificial intelligence, to meet the growing and evolving needs of public safety professionals. “We are proud to have earned our position as the most comprehensive solution serving fire and EMS,” said Andreas Huber, Co-Founder and CEO of First Due. “This new investment strengthens our mission to be the best possible software partner for public safety. Building innovative products and serving public safety agencies of all sizes is at the core of our work, and we look forward to growing our existing capabilities to deliver at a much larger scale with JMI's support.” Bob Nye and Mac Williams, Partners at JMI Equity, expressed strong support for First Due's continued growth and impact on public safety, noting, “We are excited to partner with the First Due team on their next chapter of growth. Their impact on public safety is substantial and growing, and we're proud to support the company as it continues to scale.” “First Due is redefining how public safety agencies serve their communities,” said Stewart Lynn, Partner at Serent Capital. “We are proud of what the team has accomplished over the last four years and excited to partner alongside JMI and TCV to support First Due's continued leadership in the space.” First Due is committed to advancing the most complete platform available to public safety agencies. The company's roadmap focuses on strengthening core modules, launching new capabilities, and strategically integrating AI across products and internal operations. Near-term priorities include AI-driven improvements to EMS QA/QI workflows, intelligent scheduling automation, advanced data and analytics through simple language queries, and conversational tools to significantly streamline platform implementation. These developments are designed to support every stakeholder—command staff, frontline personnel, and the communities they serve—solidifying First Due's position as a leading provider of mission-critical solutions in the industry. Shea & Company, LLC served as financial advisor to First Due. Baird served as financial advisor to JMI Equity. To learn more about First Due and their mission-critical software for public safety, please visit www.firstdue.com About First Due Founded in 2016, First Due is the all-in-one software platform purpose-built to modernize and unify operations across Fire, EMS, and Law Enforcement. With First Due, public safety agencies have access to a complete suite of best-in-class tools—pre-incident planning, mobile response, ePCR, NERIS and NEMSIS-compliant reporting, scheduling, fire prevention and inspections, assets and inventory, and community engagement—all within a single, integrated platform. Over 3,000 customers and over half a million users across the United States, including agencies in major cities and federal departments, rely on First Due to streamline operations and deliver better service to the communities they protect. About JMI Equity Founded in 1992, JMI Equity is a leading growth equity software investor based in the greater DC area and San Diego. With a focus on software companies, JMI has collaborated with countless entrepreneurs, founder-owners, and management teams, investing in more than 190 companies since its inception. To date, the firm has completed more than 120 exits and facilitated 19 IPOs. As of June 30, 2025, JMI's portfolio of industry-leading cloud software companies represents $10 billion in combined revenue, $84 billion in aggregate enterprise value, and over 38,000 jobs. For more information, visit: www.jmi.com About TCV TCV is a leading investment firm focused on investing in global, category-defining, technology companies. Leveraging its deep industry expertise and strategic resources, TCV's mission is to provide long-term capital and support to high-quality management teams across their growth journey. Since its founding in 1995, TCV has invested over $21 billion in more than 350 technology companies worldwide and has supported over 150 IPOs and strategic acquisitions, making it one of the most active technology investors. TCV has a global presence in Menlo Park, New York, and London. For more information on TCV and its investments, visit www.tcv.com About Serent Capital Serent Capital is a growth-focused private equity firm investing in capital-efficient, B2B SaaS and technology companies. From its founding, Serent set out to build a distinctly different firm that prioritizes founders and their companies and provides true hands-on resources through its 25+ person Growth Team. Serent's in-house Growth Team is equipped with a wide range of resources to help companies accelerate growth, including strategic and operational support to drive revenue generation, assistance in building a top-tier executive team, guidance for transformative M&A, and a community of 400+ founders and operating executives. With $5 billion of assets under management, the firm has partnered with over 60 founder-led, industry-changing companies and offers unparalleled hands-on operational support. Discover how Serent Capital is fueling the growth of innovative companies across a range of industries at www.serentcapital.com Contacts Press Contacts First Due Ron Kanter Head of Marketing Press@firstdue.com (516) 874-5818 x 10 JMI Equity Prosek Partners Pro-JMI@prosek.com TCV Julia Roux Head of Investor Relations & Marketing marketing@tcv.com (c)2025 Business Wire, Inc., All rights reserved.

Technology Crossover Ventures Investments

457 Investments

Technology Crossover Ventures has made 457 investments. Their latest investment was in LayerX as part of their Series B on September 01, 2025.

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Technology Crossover Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/1/2025

Series B

LayerX

$100M

Yes

4

8/12/2025

Series B

Squint

$40M

Yes

5

8/5/2025

Private Equity

FirstDue

$355M

Yes

2

4/28/2025

Unattributed VC

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$XXM

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10

3/3/2025

Series B

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$XXM

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10

Date

9/1/2025

8/12/2025

8/5/2025

4/28/2025

3/3/2025

Round

Series B

Series B

Private Equity

Unattributed VC

Series B

Company

LayerX

Squint

FirstDue

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Amount

$100M

$40M

$355M

$XXM

$XXM

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

5

2

10

10

Technology Crossover Ventures Portfolio Exits

155 Portfolio Exits

Technology Crossover Ventures has 155 portfolio exits. Their latest portfolio exit was Klarna on September 10, 2025.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/10/2025

IPO

$XXM

Public

8

4/14/2025

Acquired

$XXM

4

9/17/2024

Acquired

$XXM

3

5/20/2024

Acquired

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$XXM

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10

4/2/2024

Acq - Fin - II

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$XXM

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10

Date

9/10/2025

4/14/2025

9/17/2024

5/20/2024

4/2/2024

Exit

IPO

Acquired

Acquired

Acquired

Acq - Fin - II

Companies

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Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Acquirer

Public

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Sources

8

4

3

10

10

Technology Crossover Ventures Acquisitions

15 Acquisitions

Technology Crossover Ventures acquired 15 companies. Their latest acquisition was Nasuni on July 09, 2024.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/9/2024

Series E+

$XXM

$241M

Acq - Fin

2

5/29/2024

$XXM

Take Private

6

2/12/2024

Private Equity

$XXM

$10.6M

Acq - Pending

4

9/2/2020

Private Equity

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$XXM

$XXM

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10

3/27/2018

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$XXM

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10

Date

7/9/2024

5/29/2024

2/12/2024

9/2/2020

3/27/2018

Investment Stage

Series E+

Private Equity

Private Equity

Companies

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Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Total Funding

$241M

$10.6M

$XXM

Note

Acq - Fin

Take Private

Acq - Pending

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Sources

2

6

4

10

10

Technology Crossover Ventures Fund History

24 Fund Histories

Technology Crossover Ventures has 24 funds, including TCV Venture Fund XII.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/30/2024

TCV Venture Fund XII

$3,000M

1

6/12/2023

TCV XII

$1,402.06M

3

1/31/2022

TCV Velocity fund

$460M

1

1/27/2021

TCV XI

$XXM

10

1/31/2019

TCV X

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$XXM

10

Closing Date

5/30/2024

6/12/2023

1/31/2022

1/27/2021

1/31/2019

Fund

TCV Venture Fund XII

TCV XII

TCV Velocity fund

TCV XI

TCV X

Fund Type

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Status

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Amount

$3,000M

$1,402.06M

$460M

$XXM

$XXM

Sources

1

3

1

10

10

Technology Crossover Ventures Service Providers

4 Service Providers

Technology Crossover Ventures has 4 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Series D

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Series D

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

Technology Crossover Ventures Team

52 Team Members

Technology Crossover Ventures has 52 team members, including current Founder, General Partner, Jay Hoag.

Name

Work History

Title

Status

Jay Hoag

Founder, General Partner

Current

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Name

Jay Hoag

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Work History

Title

Founder, General Partner

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Status

Current

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B
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Sequoia Capital

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B
Battery Ventures

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Felicis

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New Enterprise Associates

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