TVC Capital, L.L.C. (“TVC Capital”) is a private equity fund focused on the investment in and acquisition of software and software enabled service firms across a wide spectrum of industries.
The Fund seeks investment opportunities with U.S. software companies generating revenues of $3 million to $20 million. We typically invest in and acquire companies that are tracking towards profitability, meet a mission-critical need of their customer base, and are in need of capital to accelerate their growth plans.
The TVC Capital team is comprised of operating executives who have a successful track record of managing all stages of corporate evolution from start up to mature stages of public company growth. Extensive operational experience accumulated through years of founding, operating, and successfully exiting technology firms allows the TVC team to work “in the trenches” with our portfolio companies to accelerate growth, maximize value, and position portfolio companies for a profitable M&A exit.
Collectively, the General Partners have over 35 years of experience involving technology leadership, executive management, public and private board experience, private equity, and corporate governance.
In certain instances, we partner with other private equity firms to meet the needs of our portfolio companies.
We target investments in lower middle market software and software enabled service firms operating with:
1) Strong management team – We require a seasoned management team that possesses a successful track record in their industry and is committed to integrity, accountability, and excellence in execution.
2) Sustainable competitive advantage – We seek companies that have developed a unique product or service with atypically high switching costs that helps ensure a long term competitive advantage.
3) Attractive and growing markets/industry – We look for structurally attractive industries and markets which are growing, or have the potential to grow, in excess of 25% per year.
4) Defined exit strategy – We focus on companies that operate in industries with liquid M&A and IPO markets, offering a high probability for exit in three to five years following investment.
5) Proven financial model – We seek companies that have established a track record of generating positive EBITDA.
6) Favorable competitive environment – We invest in companies that are, or can become leaders in their market.
TVC Capital is differentiated by an activist shareholder philosophy combined with a strict adherence to value based investing.
