PALO ALTO, Calif.--(BUSINESS WIRE)--Technology Crossover Ventures (TCV), a leading growth equity investor focused on premier technology companies, announced today that Chuck Davis has become a venture partner. Mr. Davis previously served as chairman and CEO of Fandango, one of TCV’s highly successful portfolio companies.
“We have known Chuck for many years and are thrilled to have him working with us again. His innovation and proven success in scaling Internet consumer businesses will be a valuable asset for TCV and our portfolio companies alike,” said Woody Marshall, TCV general partner. “We look forward to his playing a strategic role in helping us to enhance our portfolio and attract new investments.”
Under Mr. Davis’ leadership, Fandango grew to become the Internet's leading destination for movie information, show times and ticketing, with 30 million unique visitors per month. He also served as an executive vice president of Comcast Interactive Media following Fandango's acquisition by Comcast in 2007. In this role, Mr. Davis led the acquisitions of DailyCandy and Movies.com. He is currently a consultant to Comcast. Previously, Mr. Davis was president and CEO of Shopzilla through its $569 million acquisition by E.W. Scripps, and he served as president, e-Commerce for The Walt Disney Company's Internet Group where he launched Disneystore.com. He also has held management positions at News Corp. and Time, Inc. Mr. Davis holds a B.A. in urban studies from Brown University and an M.B.A. from Harvard University.
“I have enjoyed working with the TCV team and have always been impressed by their ability to attract and invest in some of the world’s most innovative Internet companies,” said Mr. Davis. “I am excited to work with TCV in cultivating new investments in the Internet sector, as well as helping portfolio companies achieve their goals for expansion and market leadership.”
Technology Crossover Ventures (TCV), founded in 1995, is a leading provider of growth capital to technology companies, providing funds to later-stage private and public companies. With $7.7 billion in capital under management, TCV has invested in over 150 technology companies leading to 49 initial public offerings and more than 40 strategic sales or mergers. Representative investments include Altiris, C|NET, eHarmony, Expedia, Facebook, Fandango, Groupon, HomeAway, Netflix, RealNetworks, Redback Networks, RiskMetrics Group, Solect Technology, TechTarget, and Zillow. TCV has 12 partners and is headquartered in Palo Alto, California with offices in New York, NY. For more information about TCV, visit www.tcv.com.