iPipeline, a provider of on-demand marketing, selling and processing solutions for the insurers, distributors and producers, reports that Technology Crossover Ventures (TCV) of Palo Alto, Calif., a provider of growth capital to technology companies, has made a “significant” investment in the company. TCV General Partner Robert Trudeau will join iPipeline's board of directors. TCV joins NewSpring Capital and Volition Capital as lead investors in iPipeline and as members of its Board of Directors.
According to Tim Wallace, iPipeline’s CEO, TCV has a record of investing in companies in the software and technology sectors including: ExactTarget, Expedia, Facebook, FX Alliance, Green Dot, Groupon, MarketAxess, Netflix, OSIsoft and RiskMetrics.
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