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The Funded: A new $4B VC fund and 25 Bay Area startup deals at midweek

Jan 27, 2021 - Silicon Valley Business News
Board and Executive Moves-Mergers and Acquisitions

Menlo Park-based TCV on Wednesday said it raised $4 billion for it newest and biggest fund in its 25-year history.

It's also the seventh-biggest venture fund raised in the world since 2008, according to PitchBook Data, and the biggest in the Bay Area since New Enterprise Associates raised a $3.6 billion fund last March.

TCV's hits have included Airbnb, Spotify, Peloton and Facebook and it has invested $14 billion across hundreds of others. It's had 65 companies go public through IPOs...