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The Venture Codex

TVC Capital

11710 El Camino Real, Ste 100, San Diego, CA, 92130, United States

Overview

Operator-led growth equity firm investing in software companies.

Founded

2006

Deals · 12mo

0

Links

WebsiteLinkedIn

Stage focus

Series A
Series B

Geographic focus

United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

29rounds
NAMEDATESIZE
Capacity
Aug 2025Participated
$93 MOther Equity
Capacity
Oct 2024Participated
$26 MSeries D
SpotHopper
Jun 2023Led
$12 MSeries B
SpotHopper
Dec 2021Led
$14 MSeries A
CreatorIQ
Sep 2021Participated
$40 MOther Equity
eVisit
Oct 2020Led
$14 MSeries A
springbig
Aug 2020Led
$12 MSeries B
CreatorIQ
Jul 2020Participated
$24 MSeries C
Celigo
Oct 2019Participated
$20 MSeries B
CreatorIQ
Jun 2019Led
$12 MSeries B
Perspectium
Apr 2019Led
$8 MSeries B
Centage
Feb 2019Led
$9 MSeries C
Capacity
Aug 2025Participated
$93 MOther Equity
Capacity
Oct 2024Participated
$26 MSeries D
SpotHopper
Jun 2023Led
$12 MSeries B
SpotHopper
Dec 2021Led
$14 MSeries A
CreatorIQ
Sep 2021Participated
$40 MOther Equity
eVisit
Oct 2020Led
$14 MSeries A
springbig
Aug 2020Led
$12 MSeries B
CreatorIQ
Jul 2020Participated
$24 MSeries C
Celigo
Oct 2019Participated
$20 MSeries B
CreatorIQ
Jun 2019Led
$12 MSeries B
Perspectium
Apr 2019Led
$8 MSeries B
Centage
Feb 2019Led
$9 MSeries C
29
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

TVC Capital: 29 funding rounds are recorded in the selected participation categories.All available history.
TVC Capital: 29 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A91
Series B61
Series C+12
Other Equity45

Monthly Deal Activity

TVC Capital: 29 deals are recorded across 169 months.All available history.
TVC Capital: 29 deals are recorded across 169 months. All available history
MonthDeals
Oct '121
Nov '121
Dec '120
Jan '131
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '141
May '141
Jun '140
Jul '141
Aug '140
Sep '141
Oct '141
Nov '140
Dec '141
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '151
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '162
Mar '161
Apr '160
May '160
Jun '162
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '171
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '181
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '191
Mar '190
Apr '191
May '190
Jun '191
Jul '190
Aug '190
Sep '190
Oct '191
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '201
Aug '201
Sep '200
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '211
Oct '210
Nov '210
Dec '211
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

TVC Capital: Enterprise Software is the largest displayed sector by deal count (25 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

TVC Capital: Enterprise Software is the largest displayed sector by deal count (25 deals). All available history
SectorDeals
Enterprise Software25
Networks, Cloud & Communication8
Data, Analytics & IT7
Professional Services6
Health & Life Sciences5
Marketing & Advertising4
Fintech4
Cybersecurity & Privacy4
Media & Entertainment3
Food & Agriculture2
AI & Machine Learning2
Space & Frontier Tech2

Deal Size Distribution

TVC Capital: 29 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

TVC Capital: 29 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M8
$10M-$25M12
$25M-$50M3
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

TVC Capital: United States has the largest recorded deal count among the displayed regions (29 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

TVC Capital: United States has the largest recorded deal count among the displayed regions (29 deals). All available history
RegionDeals
United States29
TVC Capital: 20 co-investors are shown, with Northgate Capital sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

TVC Capital: 20 co-investors are shown, with Northgate Capital sharing 3 recorded deals. All available history
Co-investorShared deals
Northgate Capital3
Unilever Ventures3
Affinity Group2
Toloka.vc2
Argonautic Ventures1
Barshop Ventures1
Blossom Street Ventures1
Chicago Atlantic1
Halley Venture Partners1
Healthy Ventures1
Kayne Anderson Capital Advisors1
Kayne Partners1
KEY Investment Partners1
Kickstart Seed Fund1
NewSpring Capital1
Oak HC/FT1
Palisades Growth Capital1
RWI Ventures1
Salex Capital1
Silver Lake Waterman1

Investment Strategy

TVC Capital: Led accounts for 69% and participating for 31% of round participation.All available history.
TVC Capital: Led accounts for 69% and participating for 31% of round participation. All available history
CategoryDeals (count)Share (%)
Led2069%
Participating931%
TVC Capital: Single-lead accounts for 95% and co-led for 5% of lead dynamics.All available history.
TVC Capital: Single-lead accounts for 95% and co-led for 5% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1995%
Co-led15%

Team

Jeb Spencer

Co-Founder and Managing Partner

Joanne Ward

Director Of Operations

Mykel Sprinkles

Partner

Steven Hamerslag

Managing Partner

Tighe M. Reardon

CFO