PALO ALTO, Calif. & NEW YORK--(BUSINESS WIRE)--Technology Crossover Ventures (TCV), a leading provider of growth equity for premier technology companies, announced today that Ted Coons and Daniel O’Keefe have been promoted from principals to general partners, and Sean Giese has been promoted from vice president to principal. Coons and O’Keefe are based in the New York TCV office. Giese is located in TCV’s Palo Alto headquarters. The moves expand on TCV’s commitment to growing teams of world-class technology investment professionals in its New York and Palo Alto offices.
Jay Hoag, TCV founding general partner, said, “Ted, Dan and Sean have been instrumental in contributing to the growth and success of our portfolio companies. We are thrilled to see these three invaluable members of the TCV team expand their roles in developing our portfolio and attracting new investments.”
Jake Reynolds, TCV general partner added, “We brought Dan and Ted into our east coast office with the goal of expanding our presence in the region. We are pleased with the additional leadership they will be providing in their new roles as general partners.”
About Ted Coons
Ted Coons joined TCV in 2011 and has 16 years of financial and investment experience in the technology sector. While his investment experience spans multiple technology sectors, he focuses primarily on IT infrastructure, including all facets of enterprise and service provider IT. Since joining TCV, Ted has led investments in Actifio, ExtraHop and thinkingphones and has been actively involved in the firm’s investments in Genesys, GoDaddy, and Travelport. Prior to TCV, Coons was a managing director in Blackstone’s Private Equity Group where he invested across the technology sector. Before joining Blackstone, he was a vice president in the Credit Suisse First Boston Technology Group where he was responsible for advising and financing semiconductor and capital equipment companies. He is on the board of directors of Achievement First Brooklyn, the New York City/Newark advisory board of New Leaders, and the board of overseers of the Institute of Contemporary Art at the University of Pennsylvania.
“I am pleased to become a TCV general partner. It has been rewarding and fun to work with a talented team of investment professionals and some of the industry’s most innovative technology companies,” said Coons. “I look forward to continuing our work together to execute on TCV’s growth equity strategy, shape our IT infrastructure investing efforts, and support our portfolio companies.”
About Daniel O’Keefe
Daniel O’Keefe joined TCV in 2010 and has been in the venture capital industry since 1999. His primary areas of investment focus include the consumer Internet and software sectors. O’Keefe serves on the board of Rent the Runway, and is actively involved with TCV’s investments in Dollar Shave Club, Electronic Arts (NASDAQ: EA), Prodege, Spotify, and VICE Media. Prior to TCV, O’Keefe was a principal at North Bridge and a senior vice president at Pequot Capital. O’Keefe is a member of the Council on Foreign Relations, holds a fellowship with the Foreign Policy Association, and is a member of the board of directors of the New York Venture Capital Association.
“I am excited to serve in my new capacity as a TCV partner. It’s been an honor working with our team to help some of the most visionary and innovative companies around the globe reach their full potential,” said O’Keefe. “I look forward to continuing our strategy of partnering with world-class entrepreneurs disrupting large, global technology markets.”
About Sean Giese
Sean Giese joined TCV in 2007. He focuses on a variety of sectors, including companies addressing mobile/wireless, communications, infrastructure software, storage, networking, the Internet of Things, and consumer electronics. Giese is actively involved in TCV’s investments in Actifio, ExtraHop, GoDaddy, and thinkingphones. He also helped manage past investments including 2Wire (acquired by Pace), Continuous Computing (acquired by Radisys), Fiberlink (acquired by IBM), and XRS Corp (acquired by Omnitracs). Prior to joining TCV, Giese worked at Deutsche Bank in the Technology Mergers and Acquisitions group.
“It has been a great experience working with the insightful and forward-looking team at TCV in growing some of the tech industry’s leading innovators,” Giese said. “In my role as a principal, I am thrilled to continue a focus on investing in disruptive companies as IT goes through some exciting generational shifts.”
Technology Crossover Ventures (TCV), founded in 1995, is a leading provider of capital to growth-stage private and public companies in the technology industry. With nearly $10 billion in capital raised, TCV has invested in more than 200 technology companies over the last 20 years. Selected investments include Altiris, C|NET, ExactTarget, Expedia, Facebook, Fandango, FX Alliance, GoDaddy, Genesys Software, Groupon, HomeAway, Netflix, RealNetworks, Redback Networks, Rent the Runway, RiskMetrics Group, Sitecore, Splunk, Spotify, Thinkorswim, VICE Media, and Zillow. TCV is headquartered in Palo Alto, California, with offices in New York and London. For more information about TCV, including a complete list of TCV investments, visit www.tcv.com.