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The Venture Codex

TPG Growth

345 California Street Suite 3300, San Francisco, CA, 94104, United States

Overview

TPG Growth was founded in 2007 to specialize in growth equity and middle-market buyout opportunities. Taking a long-term and hands-on approach to partnership, we identify unique companies across the U.S., Europe, Africa, and Asia and help them achieve their full potential. We can assist at all stages of a company’s growth, from its inception to its international expansion, by drawing on our geography-specific experience and expert global operational resources from the TPG platforms. TPG Growth manages more than $7 billion in assets across a variety of sectors including media, technology, and industrials.

Total investments
49
Lead investments
32
Investments · 12mo
0
Active investors
8

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Daybreak

    Led · Series A · Jun 2025

    Daybreak provides an agent-first software platform that plugs into existing supply-chain systems to automate data processing, generate probabilistic forecasts, and surface prescriptive actions for planners. Its autonomous AI agents continually learn and adapt, delivering measurable ROI in a matter of months by reducing inventory waste, boosting service levels, and freeing planners to focus on strategic tasks. The company positions its technology as a remedy for outdated, rules-based planning tools that have contributed to a 28-day inventory increase for global manufacturers since 2010. Current customers include Fortune 500 CPG and industrial enterprises, which use the platform for faster, higher-quality decisions. Future development will center on industrializing ML-Ops pipelines, enhancing decision-intelligence capabilities, and expanding a swarm of intelligent agents that can interact via natural language. Daybreak’s long-term mission is to eliminate $200 billion in global inventory waste while creating greater profit for businesses and reducing environmental impact. The company recently strengthened its leadership team by appointing veteran AI executive Waleed Ayoub as CTO. Series A funding has provided the capital to accelerate these initiatives.

  • Sayari Labs

    Led · Equity · Jan 2024

    Sayari provides counterparty and supply chain risk intelligence by integrating global corporate ownership, trade transaction, and supply chain data to surface risk insights for investigations, analytics, and risk management. Founded in 2015 and headquartered in Washington, D.C., its platform was released in 2020 and is used by thousands of frontline analysts in over 35 countries and by more than 100 of the world’s largest public and private companies, including government agencies, law enforcement, and financial institutions. Since 2020 Sayari has experienced explosive growth, earning consecutive rankings by Deloitte and Inc. Magazine as one of North America's fastest-growing technology companies. In 2023 the company won contracts across the U.S., U.K., Canada, Australia, and the EU supporting trade enforcement, forced labor risk, Military End Use restrictions, and complex investigations; its expansion into international governments accelerated 950% over the past year. Sayari’s product roadmap includes a new supply chain illumination platform and a fully automated supply chain screening product that will leverage its industry-leading knowledge graph alongside responsible AI to extract deeper insights. The company says its partnership with TPG will accelerate global expansion in 2024 and support these product launches. Sayari Labs operates a proprietary data intelligence platform that collects, extracts, enriches, matches and analyzes high-value information from more than 150 countries. The platform is used to fight global financial crime, increase corporate transparency in high-risk places, and support critical national security missions. Sayari serves financial institutions, Fortune Global 500 corporations, and financial crime regulators and enforcement agencies across 35 countries. Its client roster includes Coca-Cola, Facebook, State Street and Santander. Founded in 2015 and based in Washington, D.C., Sayari positions its product to give enterprises a complete picture of customers and competitors. The company has stated plans to expand its reach to businesses and governments around the world. Sayari Labs provides Sayari Graph, a tool for navigating global corporate ownership and commercial relationships to help clients mitigate risk and comply with KYC, AML, sanctions, beneficial ownership, and anti‑bribery & corruption regulations. The platform surfaces customers, vendors, counterparties, key personnel, hierarchies, subsidiaries, and related parties while maintaining provenance back to official documents from their countries of origin. Sayari says top global financial institutions, Fortune 100 corporations, financial crime regulators, and enforcement agencies in 35 countries use its product. Led by CEO and co‑founder Farley Mesko, the company focuses on financial intelligence and supply‑chain risk solutions. Sayari intends to use the newly raised funds to further develop its technology. The company is based in Washington, DC.

  • Beauty for all industries

    Led · Equity · Feb 2022

    Beauty for All Industries (BFA) operates a portfolio of subscription and owned beauty brands including IPSY, BoxyCharm, Item Beauty, Treslúce Beauty, Complex Culture and Refreshments under its Madeby Collective incubator. The company leverages a proprietary machine-learning platform built on more than 200 million product reviews and data from millions of beauty enthusiasts to personalize monthly bags and inform product development. BFA emphasizes a community-first approach, inclusivity and sustainability, and has committed significant support to Black- and Latinx-owned brands ($20M in 2021 and targeting $25M in 2022). Its brands have amassed over 4 million TikTok fans, with IPSY becoming the third-largest beauty brand on the platform. BFA has begun steps to eliminate 100% of virgin plastic waste in its supply chain by the end of 2030. The company plans to further develop its technology, expand a nascent retail store presence and enter new international regions using new capital.

  • Xpressbees

    Led · Series F · Feb 2022

    Xpressbees is a Pune-headquartered logistics company offering end-to-end delivery and supply-chain solutions for e-commerce and other industries. It works with more than 1,000 clients, including Paytm, Meesho, Lenskart, Xiaomi and NetMeds, and has a presence in over 2,000 cities and towns. The company processes more than 2.5 million orders per day and reported revenue of about $300 million for the financial year ending March while remaining loss-making. Xpressbees began within FirstCry in 2012 and became an independent company in 2015 under co-founder and CEO Amitava Saha, alongside Supam Maheshwari. The firm operates an asset-light model and is positioning for growth; observers and investors say the latest investment signals readiness to pursue an initial public offering within a year to two. Its cumulative funding is approximately $680 million and its investor base includes Khazanah, TPG, Alibaba and Blackstone. Xpressbees is an Indian third-party logistics unicorn. The company said it has secured a $40 million investment from Malaysia’s sovereign wealth fund, Khazanah Nasional. The transaction was announced in a company statement. The article identifies Khazanah Nasional as the investor and does not list other participants. No further financial metrics, terms of the investment or use of proceeds were disclosed in the article. Xpressbees provides end-to-end logistics services including last-mile delivery, 3PL, B2B logistics, and cross-border operations. The company emphasizes technology-driven platforms and a scalable, asset-light operating model with a seamless last-mile management system. Xpressbees operates across 3,000 cities, services over 20,000 pin codes, delivers more than 1.5 million packages per day, has over 100 hubs, 10 lakh sqft-plus warehouse capacity, and serves 52 airports. Management reports a near 100% year-over-year revenue growth. The capital from the Series F is earmarked to evolve the business into a full-service logistics organization, support growth, product development, and hiring talent. Xpressbees positions itself as a trusted logistics partner for India’s growing e-commerce market. Xpressbees operates a delivery and logistics network serving more than 1,000 customers, including Paytm, Meesho, Lenskart, Xiaomi, NetMeds and Snapdeal. It has a presence in over 2,000 cities and towns and processes more than 2.5 million orders a day, up from about 600,000 daily orders the prior year. The company employs over 30,000 delivery staff and supports large e-commerce volumes across India. Xpressbees began inside FirstCry in 2012 and became an independent company in 2015. The startup plans to use new capital to further automate its hubs and sorting centres and expand its delivery footprint to cover the entire country. Financially, it has attracted institutional capital and is scaling operations as online shopping grows in India. XpressBees operates a logistics network offering last-mile delivery, reverse logistics, real-time tracking and multiple payment collection options for clients such as Paytm, Flipkart, Snapdeal and Reliance. The company reports delivery reach to more than 10,000 pincodes with 53 hubs and over 1,300 service centres. Founded by Amitava Shah and Supam Maheshwari and spun out of FirstCry, XpressBees is operated by BusyBees Logistics Solutions. The startup plans to use the new capital for growth and expansion of its business. Prior to this round it had completed six funding rounds totalling $157.6 million and is also backed by debt capital firm InnoVen Capital. XpressBees has a history of institutional backers including SAIF Partners, Paytm, Valiant Capital, Chiratae Ventures, Vertex Ventures and IDG Ventures.

  • Seasoned

    Participated · Series A · Nov 2021

    Seasoned operates a two-sided mobile app that serves as a free community for restaurant employees to find openings, schedule interviews and connect with peers, and a subscription hiring tool for managers to lower onboarding costs and speed hires. The company reports its tools are being used by more than 250,000 restaurant workers and says its social community can help workers find jobs in 24 hours while managers can shorten time-to-hire to within three hours. Seasoned launched successfully in Dallas in 2020, attracting over 300 brands operating 100,000 locations in its first year, and describes itself as remote-first. The platform’s differentiator is its dual focus on both workers and restaurants via mobile solutions for each side of the marketplace. Seasoned plans to deploy new capital to expand into additional markets (it has added Houston, Austin, Orlando and Miami) and expects to go national within the next year. The company also intends to hire across product, technology, go-to-market and data science roles as it scales. Seasoned operates a foodservice-centric professional networking platform designed to connect workers with jobs, talent and career development. The platform targets a wide range of roles, from cooks and dishwashers to servers, hosts, gig workers and long-tenure employees. Seasoned is a spin-off of HotSchedules and is led by former Lynda.com executives Andrew Wait (Executive Chairman) and Madhav Mehra (President). The company is based in San Francisco and also has offices in Austin. Seasoned secured funding to continue product development and expand its community and job-matching capabilities. The company announced a $20M Series A to support those plans.

Team

  • Matthew Hobart

    Co-Managing Partner

    LinkedIn
  • Scott Gilbertson

    Operating group

  • Simba Gill

    Entrepreneur in Residence

    LinkedIn
  • Akshay Tanna

    Operating Partner

    LinkedIn