Building for the Multi-Cloud Era: How Aviatrix is Simplifying, Securing, and Accelerating the Enterprise Cloud Journey

Companies are increasingly moving their IT infrastructure to multiple public clouds, driving some of the most vibrant growth potential in today’s IT sector. That’s just one reason we are excited to announce that Aviatrix, a leader in cloud networking and network security, is joining the TCV family.

The rapid global shift from on-premise IT infrastructure to public cloud is a once-in-a-generation event that impacts hundreds of billions in legacy spend across security, networking, data infrastructure, IT operations management, and developer tooling. Over the past decade, cloud adoption has increased exponentially, with 80% of enterprises today utilizing two or more public cloud providers (‘multi-cloud’), and 60% of enterprises regarding the move to multi-cloud as one of their most critical strategic IT priorities. The adoption of public cloud, and increasingly multiple public clouds, enables organizations to remove the operational burden of building and managing their own on-premise datacenters. We believe this tectonic shift to “infrastructure-as-a-service” offered by public cloud providers like Amazon, Microsoft, and Google is analogous to the shift to software-as-a-service a decade ago. We believe the move to the cloud will be much bigger than SaaS and have a profound effect on how applications are built and delivered.

There are many reasons for companies to move to multiple cloud providers. The optionality helps to avoid vendor lock-in, save costs, and enables utilization of best-of-breed tooling from each cloud provider. The multi-cloud approach also increases application performance and reliability and creates flexibility and scalability that’s simply not achievable by single threading on a single cloud provider.

However, the complexity of managing multiple cloud environments for an enterprise is enormous as each cloud environment’s tooling is idiosyncratic, and cloud providers don’t interoperate well with each other—there is simply no economic incentive to do so. Combine all that with the fact that there is a major shortfall of skilled cloud infrastructure talent, and it becomes clear why companies are increasingly looking to software and automation to deliver the true promise of the cloud.

Enter Aviatrix. Founded in Santa Clara, CA, in 2014, Aviatrix provides a cloud network platform that delivers advanced networking, security and operational visibility required by enterprises with the simplicity and automation of cloud. Its platform effectively provides a single pane of glass to manage and automate the inherent complexities of enterprise workloads that are increasingly spread across multiple public cloud providers. The particular problems that Aviatrix solves include network traffic latency, resiliency, scalability, application performance, and network security.

Aviatrix is a pioneer in this market, launching well before other third-party competitors in this space even existed, and the company enjoys hyper growth at scale. It also has a customer base that is highly diversified across different industries and includes household names such as Nike, AbbVie, Disney, Splunk, NASA, Roche, and PwC. In speaking with their customers, we were blown away with both how difficult it is to build what Aviatrix has architected and how much value Aviatrix is able to provide. Aviatrix acts as the brains of any enterprise cloud architecture configuration. The company interprets each individual cloud provider’s language, serving as a common denominator across cloud environments, and empowering IT / cloud / networking teams to realize value from different cloud vendors without needing to be experts in any one vendor. This value proposition extends from individual enterprises to the whole of the cloud provider ecosystem as Aviatrix allows for higher volume and velocity of cloud adoption.

Aviatrix’s key product offerings include:

* CoPilot: a centralized management console providing a global operational view of the enterprise cloud (or multi-cloud) network—an offering available from no other cloud provider. It means administrators can gain insight into the overall performance of their network environment, easily spot performance issues, and monitor network health via intuitive visualizations. Without CoPilot, cloud teams have to stitch together data and view multiple consoles across vendors, and the level of data available from cloud providers is far less granular than what Aviatrix can generate.

* Transit: a basket of networking and security solutions that result in increased bandwidth, connectivity for both multi-cloud and multi-region, and the ability to determine optimal paths for traffic flows to enhance performance. Security solutions include network segmentation (across business units, geographic regions, etc), encrypting traffic flows, provisioning firewalls, and traffic inspection controls. Transit also brings efficiencies to cloud teams through infrastructure as code (via Terraform, a HashiCorp product), facilitating the automation of the manual work otherwise needed when leveraging cloud infrastructure (e.g., configuring certain geographic regions or user groups, etc.)

In addition to the strong technical underpinning of the product built by visionary co-founder Sherry Wei, Aviatrix also benefits from an ambitious, proven, and operationally-focused CEO with deep networking and security experience — Steve Mullaney. Steve is the former interim CEO of Palo Alto Networks and was also CEO of software-defined networking pioneer Nicira. Unable to resist the opportunity to build a next-generation, multi-cloud-first networking, and security giant, he came out of retirement and off the Aviatrix board to become CEO of Aviatrix in early 2019. Since joining, Steve has recruited a world-class team of executives including a new CRO, COO, CPO, and CFO, all of whom share background experienced at firms such as Rubrik, Infoblox, Google, Oracle, and Uber. In a little more than two years, the team has more than doubled the growth rate of the company.

Here at TCV, we’ve been watching Aviatrix for over five years. We took time to cultivate our multi-cloud thesis with deep customer and technical research, so when we met Steve and the team and heard the Aviatrix vision firsthand, there was an immediate mutual understanding of the opportunity ahead.

“We respected how much research Tim and the TCV team did to understand what enterprise customers are dealing with prior to approaching us as an investor. Because they put in the work, they were able to see just how big of an opportunity this is for both of our companies. We’re excited to be working with them.”

Steve Mullaney, CEO of Aviatrix

Steve’s track record and ambition to build an iconic public company aligns perfectly with TCV’s investment strategy. We have a history of supporting portfolio companies for the long term as a crossover investor, investing when companies are private, helping them scale to IPO readiness, and investing again at the IPO and supporting them for many years into their public life. We’ve also been fortunate to back other high growth seminal infrastructure software businesses at the intersection of cloud, networking, and security such as Cradlepoint, Silver Peak, HashiCorp, Splunk, Vectra, Rapid7, and Venafi, and we will lean on that experience to help drive growth at Aviatrix.

We view our investment in Aviatrix as a vote of confidence in Steve and the seasoned team of software and networking execs he has assembled, against the backdrop of one of the biggest trends in technology—the ascent of the cloud. We’re grateful for this new partnership and look forward to building a great, enduring, franchise technology company with Aviatrix and its talented employees.

***

The views and opinions expressed are those of the author and do not necessarily reflect those of TCMI, Inc. or its affiliates (“TCV”). TCV has not verified the accuracy of any of the data or statements by the author and disclaims any responsibility therefor. This blog post is not an offer to sell or the solicitation of an offer to purchase an interest in any private fund managed or sponsored by TCV or any of the securities of any company discussed. The TCV portfolio companies identified above are not necessarily representative of all TCV investments, and no assumption should be made that the investments identified were or will be profitable. For a complete list of TCV investments, please visit www.tcv.com/all-companies/. For additional important disclaimers regarding this interview and blog post, please see “Informational Purposes Only” in the Terms of Use for TCV’s website, available at http://www.tcv.com/terms-of-use/.


Aviatrix Raises $200 Million in Funding Led by TCV, Elevating the Cloud Networking Leader’s Valuation to $2 Billion

SANTA CLARA, Calif., Sept. 8, 2021 /PRNewswire/ — Aviatrix, the leader in cloud networking and network security, today announced it has raised $200 million in growth funding led by TCV. Additional new investors include Insight Partners and Tiger Global, while existing investors CRV, Formation 8, General Catalyst, Greenspring Associates, Ignition, Liberty Global Ventures, Meritech Capital and TrueBridge Capital Partners also participated in the round. This Series E funding raises Aviatrix’s valuation to $2 billion, which has more than doubled in six months since the previous round.

“Enterprise adoption of a multi-cloud strategy has gone mainstream, which combined with an outstanding team drove our decision to invest in the cloud networking leader of this massive market transformation,” said Tim McAdam, general partner at TCV. “Aviatrix’s ability to quickly deliver enterprise customer value and establish itself as mission-critical in these large organizations is both impressive and indicative of long-term growth.”

As part of the funding round, McAdam will also join the Aviatrix Board of Directors.

This growth-stage investment will enable the company to scale its worldwide sales and support operations at a time when enterprises en masse are investing in enterprise-class cloud networking and network security.  

“The transformation to cloud is being driven by CEOs to deliver business agility,” said Steve Mullaney, CEO of Aviatrix. “The cloud network infrastructure can’t rely on the horrible, complex operational model of the 1990s data center to deliver on that agility.  Enterprises need the visibility and security controls they had on-prem, but with the operational simplicity and automation of cloud. Only Aviatrix can deliver this value.”

Additional Resources

See how Aviatrix is helping its customers transform their businesses: https://aviatrix.com/featured-customers/ 

Build your career at Aviatrix: https://aviatrix.com/careers/ 

Learn more about Aviatrix Cloud Network Platform: https://aviatrix.com/cloud-network-platform/

Media contacts:  

Mike Haro, Aviatrix 
mharo@aviatrix.com 
408-438-8628 

Katja Gagen, TCV 
kgagen@tcv.com 
415-690-6689 

About Aviatrix
Aviatrix delivers advanced cloud networking, network security and operational visibility required by enterprises with cloud-native simplicity and automation. More than 550 customers worldwide leverage Aviatrix and its proven multi-cloud network reference architecture to design, deploy and operate a repeatable network and security architecture that is consistent across any public cloud. Combined with the industry’s first and only multi-cloud networking certification (ACE), Aviatrix is empowering IT to lead and accelerate the transformation to the cloud. Learn more at Aviatrix.com.

About TCV
Founded in 1995, TCV was established with a clear vision: to capture opportunities in the technology market through a specialized and consistent focus on investing in high-growth companies. Since inception, the firm has built a track record of successfully backing private and public businesses that have developed into dominant industry players across internet, software, FinTech, and enterprise IT. TCV has invested over $15 billion to date and has helped guide CEOs through more than 135 IPOs and strategic acquisitions. TCV has invested in cutting edge technology companies including Airbnb, Cradlepoint, HashiCorp, Netflix, Peloton, Silver Peak, Spotify, Vectra AI, and more. TCV has successfully executed over 350 investments of varying structures, including mid-stage, late stage and public company investments, and has offices in Menlo Park, New York, and London. For more information about TCV, including a complete list of TCV investments, visit tcv.com.

SOURCE Aviatrix

Related Links

www.aviatrix.com


Trulioo Closes USD $394M Series D led by TCV at $1.75B Valuation

VANCOUVER, BRITISH COLUMBIA (PRWEB) JUNE 07, 2021

Trulioo, the leader in global identity verification, announced today it has completed a $394M Series D round at a $1.75B valuation. The Series D round was led by TCV, one of the world’s largest growth equity firms, with participation from existing investors Amex Ventures, Citi Ventures, Blumberg Capital and Mouro Capital. TCV General Partner, Jake Reynolds, and Principal Amol Helekar will join Trulioo’s Board of Directors.

Trulioo is the premier global identity network enabling companies to reliably onboard customers in a digital-first world. For Trulioo’s customers, this speeds international expansion, mitigates fraud risk and ensures regulatory compliance. With digital transformation accelerating, the U.S. digital identity market alone is projected to increase to over $30B by 2023, according to industry consultants at One World Identity. This has led to skyrocketing demand for the services provided by digital identity verification companies. Leveraging its vast global reach and fast, accurate identity verification technology, Trulioo has demonstrated strong momentum and captured an increasing share of this market. Over the past year alone, Trulioo has expanded into new verticals, grown its leadership team and established a presence in Dublin, Austin and San Diego.

“The shift to online has brought digital identity to the forefront,” says Steve Munford, Trulioo President and CEO. “This new round of funding will enable us to accelerate our goal to become an end-to-end identity platform. Our vision is to break down fragmented data silos caused by disparate identity networks, and we will work in partnership with TCV to expand our investments in product innovation, build out artificial intelligence/machine learning capabilities and accelerate our global go-to-market strategy.”

“We’re thrilled to lead Trulioo’s landmark investment to help further their goal of building an end-to-end identity platform,” says Reynolds.

Adds Amol Helekar, “Many of the world’s fastest-growing fintechs, financial services companies, online marketplaces, and ecommerce leaders already rely on Trulioo. They demonstrate the way forward for the huge number of businesses whose digital strategies increasingly depend on accurate, fast and global identity verification.”

TCV backs companies at the forefront of digital transformation across industries and it has a deep understanding of the identity verification space. Its extensive investment portfolio includes technology franchises such as Airbnb, AxiomSL, Brex, ByteDance, Clio, Facebook, Klarna, Netflix, Nubank, OneTrust, Payoneer, Revolut, Spotify, Wealthsimple, WorldRemit, and Zillow.

About Trulioo
Trulioo is the leading global identity verification company, building trust online so that businesses and consumers can transact safely and securely. Trulioo’s platform provides real-time verification of 5 billion consumers and 330 million business entities worldwide — all through a single API integration. Organizations rely on Trulioo’s identity verification solution, GlobalGateway, to help meet their business and compliance requirements and automate due diligence and fraud prevention workflows. Trulioo’s mission is to help provide every person on the planet with a digital identity to enable access to basic financial services and support. For more information, visit trulioo.com.

About TCV
Founded in 1995, TCV was established with a clear vision: to capture opportunities in the technology market through a specialized and consistent focus on investing in high-growth companies. Since inception, the firm has built a track record of successfully backing private and public businesses that have developed into dominant industry players across internet, software, FinTech, and enterprise IT. TCV has invested over $14 billion to date and has helped guide CEOs through more than 125 IPOs and strategic acquisitions. TCV has successfully executed over 350 investments of varying structures, including mid-stage, late stage and public company investments, and has offices in Menlo Park, New York, and London. For more information about TCV, including a complete list of TCV investments, visit tcv.com.

Media Contacts

KIM HONG
Trulioo
1-888-773-0179
kim@trulioo.com

KATJA GAGEN
TCV
1-415-690-6689
kgagen@tcv.com


Hotmart Company raises US$130 million in investment round led by TCV

Amsterdam, March 30, 2021 – Hotmart Company, a leading global cloud-based platform that empowers creators to build, run, manage, and grow their digital businesses, announced today that it has raised US$130 million in a Series C funding round led by TCV. Alkeon Capital also participated in the round. Valuation has not been disclosed, but Hotmart continues to build on its previously secured unicorn status. The proceeds from this round will be used for growth initiatives including product innovation and international expansion, both organically and through mergers and acquisitions.

This financing comes as Hotmart continues to experience significant growth and advances in its international expansion strategy. Today Hotmart has active creators in over 100 countries, powering transactions of digital products and services to millions of consumers in more than 185 countries. In 2020, Hotmart entered into a business combination with Teachable, a New York-based company that is one of the category leaders in the U.S. The combined gross merchandise value (GMV) transacted on the platform more than doubled compared to the previous year.

“Hotmart is at the forefront of the passion economy, helping creators go beyond content monetization and actually building an online business. By providing the tools for creators to leverage their knowledge, we are fueling a new model of internet-powered entrepreneurship”, says João Pedro Resende, CEO and co-founder of Hotmart.

“We are pleased with the contribution from our existing shareholders, including Koolen & Partners, General Atlantic, GIC and Accomplice. Since our beginning, we have had the opportunity of drawing from the experience and business support of global long-term partners, and this transaction with TCV further strengthens our shareholder base”, continues João Pedro Resende. “TCV has supported technology companies that are leaders in their sectors, such as Netflix, Spotify, Airbnb, Facebook and Linkedin. We are excited to welcome the new shareholders and to learn from their experience to continue growing our business.”

“As one of the largest digital enablement platforms, Hotmart is mission-critical for creators around the world to thrive by doing what they love and sharing their knowledge with consumers,” said Neil Tolaney, General Partner at TCV. “We are absolutely thrilled to work with JP and team to best empower entrepreneurs globally to accomplish their dreams.”

About Hotmart Company
Hotmart is one of the world’s leading digital enablement platforms with a diverse and fast-growing ecosystem of creators and consumers. Its all-in-one, cloud-based technology platform integrates the features and functionalities that creators of all sizes need to build, run, manage, and grow their digital businesses.
Founded by João Pedro Resende and Mateus Bicalho in 2011, the company has around 1,300 employees in 12 offices around the world (Netherlands, U.S., Brazil, Spain, Mexico, Colombia and France), and many open positions available – especially in Product, Development, and Growth areas. If you want to learn more about Hotmart, and our exciting career opportunities, visit www.hotmart.com.

About TCV
Founded in 1995, TCV provides capital to growth-stage private and public companies in the technology industry. Since its inception, TCV has invested over $14 billion in leading technology companies and has helped guide CEOs through more than 125 IPOs and strategic acquisitions. TCV investments include Airbnb, Believe Digital, Dollar Shave Club, EA, Expedia, Facebook, LegalZoom, Netflix, Peloton, Spotify, Zillow, and more. In addition, TCV has made significant investments in financial technology and payments companies throughout the world, including Klarna, Mambu, Mollie, Nubank, Payoneer, Revolut, Toast, Wealthsimple and WorldRemit. TCV is headquartered in Menlo Park, California, with offices in New York and London. For more information about TCV, including a complete list of TCV investments, visit https://www.tcv.com/.

Media Contacts:
Hotmart – Mariana Rosa – mariana.rosa@hotmart.com
TCV – Katja Gagen – kgagen@tcv.com


TCV Closes TCV XI at $4 Billion

MENLO PARK, CA, January 27, 2021 – We are excited to announce the closing of TCV XI, our largest fund to date at $4 billion. With the new fund, we strive to accelerate TCV’s strong momentum and capture the vast opportunities presented by digital transformation and rapid technology adoption. This will continue our long history of partnering with exceptional founders and CEOs to build iconic technology franchises redefining their industries. 

TCV turned 25 in 2020. Since 1995, we have invested more than $14 billion in over 350 growth stage technology companies. We lived up to our middle name, “crossover”, by supporting our portfolio companies throughout their entire lifecycle as private and public companies. 

Over a quarter century, Netflix has gone from an outrageous idea to one of the world’s leading entertainment companies — and TCV has supported us every step of the way. I’m so grateful for the enduring partnership, which includes Jay Hoag’s wisdom and guidance as our lead independent director.” 

Reed Hastings, Co-Founder and Co-CEO, Netflix Inc.

The pandemic accelerated innovation in many of TCV’s key areas of sector specialization, including SaaS, edtech, remote collaboration, fitness, media/entertainment, touchless commerce, and digital banking. In 2020 we made big bets in companies aligned with secular technology trends across fintech (Klarna, Mambu, Mollie, Revolut, Wealthsimple), digital health and fitness (Strava), e-commerce enablement (Spryker) and SaaS (OneTrust, Oversight, Redis Labs). 

We specifically sought out TCV in our last private fundraise. They are the best late-stage growth capital partner and have proven this discernibly and tangibly to us while we were private, while they increased their stake via a large IPO purchase, and on an ongoing basis. Their knowledge of and experience with digital media, global technology platforms and subscription businesses, stemming from their long-term involvement with leading franchises such as Netflix, Spotify, Dollar Shave Club, and many more continues to help us in immeasurable ways as we push to become the global digital fitness winner.”  

John Foley, Founder and CEO of Peloton

Our experience enabled us to decisively guide our portfolio companies through a historic year of uncertainty and opportunity and help them grow and thrive. In spite of unprecedented global challenges, TCV’s portfolio enjoyed IPOs and was proactively sought after by strategic acquirers. Airbnb went public, and the sales of AxiomSL, Genesys, Cradlepoint, and Silver Peak represented major liquidity events. 

We embark upon TCV XI with over 100 people across offices in Silicon Valley, New York, and London. Through several strategic hires, we deepened our domain expertise in addition to making investments in the technology hubs of Europe, Asia-Pacific, and Latin America. TCV’s investments beyond North America today exceed $4 billion. 

Looking ahead, we continue to help our companies reach the mountain top, knowing that the path will never be a straight line. We remain dedicated to supporting management teams on their journey to become market leaders that provide their customers with a tremendous value proposition. 

We are humbled by the ongoing support of new and returning investors, which enabled us to raise a record sized fund. Just as importantly, we are honored by all the great entrepreneurs we have worked with over the past 25 years, as their vision and relentless execution has been our foundation. We look forward to backing entrepreneurs with our new fund that we believe will become the next generation of iconic companies, in this incredibly fertile technology industry.

Jay Hoag, a Founding General Partner at TCV

We are excited about the year ahead and the decades to follow.

The General Partners of TCV

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The views and opinions expressed are those of the speakers and do not necessarily reflect those of TCMI, Inc. or its affiliates (“TCV”). TCV has not verified the accuracy of any statements by the authors and disclaims any responsibility therefor. This blog post is not an offer to sell or the solicitation of an offer to purchase an interest in any private fund managed or sponsored by TCV or any of the securities of any company discussed. The TCV portfolio companies identified above are not necessarily representative of all TCV investments, and no assumption should be made that the investments identified were or will be profitable. For a complete list of TCV investments, please visit www.tcv.com/all-companies/. For additional important disclaimers regarding this blog post, please see “Informational Purposes Only” in the Terms of Use for TCV’s website, available at http://www.tcv.com/terms-of-use/.


Redis Labs Raises $100 Million from Bain Capital Ventures and TCV to Help Companies Win in the Data-Driven Economy

Mountain View, August 25, 2020—Redis Labs, the company behind Redis, the most popular open source database and the provider of Redis Enterprise, today announced it has closed $100 million in Series F financing at a company valuation of more than $1 billion. This investment was co-led by Bain Capital Ventures and TCV, with participation by the company’s existing investors Francisco PartnersGoldman Sachs GrowthViola Ventures, and Dell Technologies Capital. With this funding, Redis Labs has now raised over $246 million to-date. 

More than ever, enterprise data is distributed, siloed, and increasing in volume. In order for companies of every industry to maximize and leverage the power of this data, Redis Labs is delivering a real-time data platform that allows them to manage, process, analyze, and make predictions, that will improve their customer experiences and drive their business forward.

“This investment will enable us to meet the surge in demand from companies representing every market and geography, to scale their Redis deployments and to help them win in the data-driven economy,” said Ofer Bengal, Co-Founder and CEO at Redis Labs. “The unprecedented conditions brought on by COVID-19 have accelerated business investments in building applications that require real-time, intelligent data processing in the cloud. During this time, Redis has become even more critical to our customers, partners, and community. We will continue to invest in strengthening our community footprint, advancing the Redis technology, and helping our users to do more with Redis.”

“Redis has become the ideal database for companies to operate intelligently and win in the current economy,” said Enrique Salem, Partner at Bain Capital Ventures. “We’ve long believed in the market opportunity for a high-performance database in the cloud-era and Redis’ potential to lead this category. Since our initial Series A investment, the Redis team has done a remarkable job making Redis an essential tool for developers and being a trusted partner for global enterprises operating at scale. We’re thrilled to continue partnering to build a multi-billion dollar database company.”

“We, at TCV, are delighted to partner with Ofer, Yiftach, and the team at Redis Labs in their effort to revolutionize the high-performance database industry,” said Gopi Vaddi, General Partner at TCV. “The product leadership demonstrated by Redis Enterprise in low latency, distributed, and high availability use cases is particularly remarkable. We believe that applications demanding Redis Enterprise’s market-leading capabilities will continue to multiply in an increasingly real-time world.”

Redis Labs currently has more than 7,500 customers, including MasterCard, Dell, Fiserv, Home Depot, Microsoft, Costco, Gap, and Groupon. With this funding, Redis Labs will continue to grow the global Redis community, expand its go-to-market team and programs, and invest in the product and support services to deliver even more value for customers. In calendar 2020 Redis Labs has seen tremendous momentum to-date, including:

  • Signed a strategic alliance agreement with Microsoft Azure for making Redis Enterprise the top tier of Azure Cache for Redis, and launched it in Private Preview. Public Preview is expected in early fall.
  • Following the availability of Redis Enterprise Cloud as a native service on Google Cloud in October 2019, the service has experienced over 300% growth in just two quarters.
  • Achieved Advanced Technology Partner status with Amazon Web Services Partner Network.
  • Launched RedisAI, for inferencing artificial intelligence requests at the speed of Redis, and RedisGears, a programmable engine enabling data-processing options at milliseconds speed across any distributed Redis deployment.
  • Announced RedisRaft, which brings strong consistency to Redis, making it suitable to serve the most critical business applications on earth.  
  • Named “Most Loved Database” for a fourth consecutive year in Stack Overflow’s annual global developer survey.

About Redis Labs

Data is the lifeline of every business, and Redis Labs helps organizations reimagine how quickly they can process, analyze, make predictions with, and take action on the data they generate. As the home of Redis, the most popular open source database, we provide a competitive edge to global businesses with Redis Enterprise, which delivers superior performance, unmatched reliability, and the best total cost of ownership. Redis Enterprise allows teams to build performance, scalability, security, and growth into their applications. Designed for the cloud-native world, Redis Enterprise uniquely unifies data across hybrid, multi-cloud, and global applications, to maximize your business potential.

Learn how Redis Labs can give you this edge at redislabs.com.

Media Contact
Steve Naventi
Redis Labs
press@redislabs.com

Katja Gagen
TCV
kgagen@tcv.com


New CEO, New Normal, and High Demand for Online Giving – How GoFundMe is Mastering All While Staying True to its Mission

At GoFundMe, 2020 started with the celebration of a new chapter, a ten-year milestone, and the welcoming of new CEO Tim Cadogan. When the coronavirus pandemic began to spread globally, Cadogan, then in his first week as CEO, acted decisively to safeguard employees by implementing work from home and galvanized the team to quickly innovate to support the GoFundMe community in its mission of inspiring hope and changing lives through giving. In this wide-ranging discussion, Cadogan and TCV General Partner Woody Marshall, a GoFundMe board member, discuss:

  • How GoFundMe’s global community has responded to the coronavirus pandemic and how the company has adapted to meet the surge of activity
  • How GoFundMe seeks to create a seamless fundraising experience by balancing efficiency and safety
  • How to learn a global business from top to bottom, build relationships, and earn trust – remotely – in a short period of time
  • Essential qualities of culture for mission-driven companies
  • The importance of honest and open communication within a company, with a board, and with a community

For all this and much more, settle back and press play.

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The views and opinions expressed are those of the authors and do not necessarily reflect those of TCMI, Inc. or its affiliates (“TCV”). TCV has not verified the accuracy of any statements by the authors and disclaims any responsibility therefor. This interview and blog post is not an offer to sell or the solicitation of an offer to purchase an interest in any private fund managed or sponsored by TCV or any of the securities of any company discussed. The TCV portfolio companies identified, if any, are not necessarily representative of all TCV investments, and no assumption should be made that the investments identified were or will be profitable. For a complete list of TCV investments, please visit www.tcv.com/all-companies/. For additional important disclaimers regarding this interview and blog post, please see “Informational Purposes Only” in the Terms of Use for TCV’s website, available at http://www.tcv.com/terms-of-use/.