Investment Summary

TCV Invests In Kipu

On June 14, 2021, private equity firm TCV invested in internet software and services company Kipu

Investment Highlights
  • This is TCV’s 24th transaction in the Internet Software and Services sector.
  • This is TCV’s 68th transaction in the United States.
  • This is TCV’s 1st transaction in Florida.

Investment Summary
Date 2021-06-14
Target Kipu
Sector Internet Software and Services
Investor(s) TCV
Deal Type Growth Capital

Target

Kipu

Miami, Florida, United States
Kipu is a provider of platform designed for behavioral health and addiction treatment centers providing multiple levels of care. Kipu was founded in 2012 and is based in Miami, Florida.

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Investor(S) 1

Investor

TCV

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.

DEAL STATS #
Overall 80 of 82
Sector (Internet Software and Services) 24 of 25
Type (Growth Capital) 23 of 23
State (Florida) 1 of 1
Country (United States) 68 of 70
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 Believe

Paris, France

Believe is a fully independent digital distributor and services provider for artists & labels worldwide. The company empowers artists and labels to maximize the value of their music in the transitioning digital music space by providing them with a full suite of services: digital music and video distribution, digital marketing and promotion services, synchronization and neighboring rights management, full label services, including in-house record label Believe Recordings, and complete DIY services with TuneCore. Believe was formed in 2005 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Rover

Olympia, Washington, United States

Rover is an online marketplace for pet care that connects pet parents with pet providers who offer overnight services, including boarding and in-home pet sitting, as well as daytime services, including doggy daycare, dog walking, drop-in visits, and grooming. Rover was founded in 2011 and is based in Olympia, Washington.

Sell -
Mergr

Product

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