Technology Crossover Ventures Closes $2.23B Fund

Law360, New York (March 20, 2014, 12:55 PM EDT) -- California-based late-stage investment firm Technology Crossover Ventures, which has backed well-known companies like Facebook Inc. and Netflix Inc., closed its latest fund at $2.23 billion, the firm said Wednesday.

The fund, dubbed TCV VIII, will be invested by TCV into young companies in Internet, financial services, software and business markets in hopes of giving them the boost they need to be successful, the firm said.

"With this new pool of capital from our limited partners, our team looks forward to expanding on our mission of generating...
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