Former Gilt and Travelocity CEO Michelle Peluso Re-Joins TCV as Venture Partner

PALO ALTO, Calif. – May 5, 2016 – Technology Crossover Ventures (TCV), a leading provider of growth equity for private and public technology companies, today announced that Michelle Peluso has re-joined TCV as a venture partner in the firm’s New York office.

TCV venture partners – independent, technology company executives who have led innovative, disruptive, and highly successful firms – serve as mentors to TCV portfolio company executives and investment teams.

Peluso, who was a TCV venture partner in 2009, brings over 20 years of global strategy, marketing, and operational experience at the intersection of technology and consumer products and services.  Now as a member of TCV’s Internet sector, Peluso will focus on consumer-facing companies and their strategic use of their brand, channels and innovative technology as they seek to grow and scale.

“We’re thrilled to have Michelle back in our expanding New York office, providing our CEOs the valuable advice only she can bring from an impressive career that has taken her from consulting to the White House and on to leading household name-brand companies as CEO,” said Woody Marshall, General Partner at TCV.  “We have immense respect for Michelle.  She’s one of those people who adds value to everything she does day one.”

“I’ve long admired TCV,” said Peluso. “Their focus on brands and management teams; their long-term philosophy, and their incredibly strong team and culture make it a great fit for me.  I look forward to supporting the continued growth and excellence of TCV and their portfolio companies.”

About Michelle Peluso

Peluso sold Gilt to HBC in February of 2016 and served as strategic advisor through April during the transition.  Before the sale, Peluso was the CEO of Gilt, which offers its more than 9 million members special access to the most inspiring fashion merchandise and experiences every day at insider prices.

Before joining Gilt, Peluso was at Citigroup from 2009 until early 2013, where she was the Global Consumer Chief Marketing and Internet Officer. In that role, she was responsible for the digital experience for Citi’s 100 million consumers globally as well as for Citi’s global consumer marketing strategy and execution.

Prior to Citigroup, Peluso was the CEO of Travelocity for six years. She joined Travelocity following the company’s acquisition of Site59, a travel site she created and launched in 1999 in her role as CEO.  Before leading Site59, Peluso was a White House Fellow and Senior Advisor to Labor Secretary Alexis Herman and worked as a case leader for The Boston Consulting Group in New York and London.

Peluso now serves on the Board of Directors for NIKE, Inc., Tech:NYC, as well as the nonprofit Technoserve, harnessing the power of entrepreneurship to help people lift themselves out of poverty in the developing world. She received an MA in Philosophy, Politics and Economics from Pembroke College at Oxford University, where she was a Thoroun Scholar, and her BA from the University of Pennsylvania’s Wharton School of Business.

Peluso lives in Tribeca with her husband and children.

About TCV

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 over $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, please visit http://www.tcv.com.

 

Media Contact:

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Technology Crossover Ventures
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