Notable VC firm Technology Crossover Ventures, popularly referred to as TCV, has raised between 50% to 75% lower than the targeted sum of $5.5B for its next flagship fund, per securities filings and documents seen by The Information. It is unclear if the firm has closed its fundraising. Nevertheless, the news suggests that even notable venture firms are having difficulty raising new funds. The filings show that TCV raised $1.4B for its next flagship fund, with another $1.35B across four new funds.
Due to the macroeconomic headwinds and lack of market liquidity, VC firms are having difficulty raising fresh funds.
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