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In the TCV portfolio:
Long-distance bus unicorn Flixbus, which
Daniel Krauss, Jochen Engert
and
André Schwämmlein
(from left) founded.
Photo:
Flixmobility
The US investor TCV is one of the best-known tech investors.
Netflix, Airbnb and Peloton are part of the company's portfolio.
Now the financier is launching a new four billion US dollar tech fund and wants to invest in Germany with it.
That said the TCV partner
John Doran
(42) the manager magazin.
Over the past few years, the proportion of start-ups from Europe in the TCV portfolio has increased steadily.
Most recently, TCV invested between 25 and 30 percent of the fund in European startups, said Doran.
Young companies from Berlin in particular have benefited from this recently: In the last few months, Mambu (financial software) and Spryker (e-commerce software) have received funding.
In the area of digital payment services in particular, Europe is seen at the forefront worldwide, says Doran from manager magazin.
The fintech start-ups benefit from the fact that the corona pandemic is promoting the replacement of cash.
Doran also has great confidence in European start-ups when it comes to enterprise software.
TCV has expanded the team in London, and eleven investment managers are now looking for deals from there.
Typically, the investor invests between 50 and 400 million dollars in a start-up, often over several rounds.
In Germany he is also invested in Flixbus and Brille.de.
Record investments in startups in Europe
The increasing focus on Europe corresponds to the trend in the scene.
According to the analysis platform PitchBook, despite the corona epidemic, 42.8 billion euros flowed into European start-ups last year - more than ever before.
"We're also seeing a lot of US investors with no offices in Europe hunting for deals here," says Doran.
Interest from China has also increased.
TCV has invested approximately $ 14 billion in tech companies over the past 25 years, with the current fund being the eleventh.
The investor is known to often remain involved in his portfolio companies long after the IPO.
TCV is still represented on the Supervisory Board of Netflix today - around twenty years after the first investment in 2001.