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TPG is a venture capital firm founded in 1992. It is primarily based out of Fort Worth, United States. As of Jun 2025, TPG is an active investor, having invested in 579 companies, with 12 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Life Sciences and High Tech. Most recently it led the $14M Series B round of Citykart along with A91 Partners.
Overall, TPG portfolio has seen 22 unicorns, 109 IPOs and 215 acquisitions including key companies like Uber, Nykaa and Lenskart. A lot of funds co-invest with TPG, with names like Kleiner Perkins sharing a substantial percentage of its portfolio.
TPG has team of 266 people including 144 partners.
Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, PE & 11 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
TPG's List of Top Investments
TPG has a portfolio of 579 companies, including 22 unicorns. Their most notable investments are in Ping An and MBrace Therapeutics.Their portfolio spans across United States, India, China and 40 more locations. They have invested in Enterprise Applications, Life Sciences, High Tech and 38 other sectors, across stages such as Series B, PE and 11 more. Here is the list of top investments by TPG:1. Uber
App-based ride-hailing aggregator. The platform provides services including taxi-hailing, food delivery, freight solutions, self-drive electric vehicle rentals, corporate transportation, and more. Users can book services by providing location, destination, user details, payment details, and more. The app is available for both Android and iOS devices.
Key facts about Uber
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $44B as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $13.2B
- Employee Count: 31,100 as on Dec 31, 2023
- Investors: HarbourVest Partners, Vulcan Capital and 187 Others
- Latest Funding Round: Post IPO, Dec 19, 2020, $1.15B
- Highlight: Public
2. Nykaa
Online platform offering multi-category products. The product catalog includes cosmetics, skincare, haircare, fragrance, health supplements, and more. The company also offers clothing, fashion accessories, home improvement products, gadgets, and more. The platform also offers beauty advice for the users. The mobile application is available for Android and iOS platforms.
Key facts about Nykaa
3. Lenskart
Online brand offering eyewear for men, women and kids. The product catalog includes sunglasses, contact lenses, screen glasses, progressive glasses, computer glasses, reading glasses, kids glasses and more from different brands. It also enables users to virtually try the glasses and home eye test on the mobile application. The application is available on both iOS and Android platforms.
Key facts about Lenskart
- Founded Year: 2010
- Location: Gurugram (India)
- Annual Revenue: ₹5,610Cr as on Mar 31, 2024
- Valuation: $6.1B as on Jun 13, 2025
- Stage: Series I
- Total Funding till date: $1.08B
- Employee Count: 584 as on Sep 30, 2023
- Investors: TPG, ChrysCapital and 55 Others
- Latest Funding Round: Series I, Jul 21, 2023, $18.2M
- Highlight: Editors' Pick
4. PropertyGuru
Provider of an online portal to find real estate properties. It provides users with a platform that enables users to specify a location to find a list of relevant registered properties and avail information such as transaction details, neighborhood insights, market reports, and more. The platform provides information on various mortgage packages. It also helps to connect with each other, market properties, manage sales, generate leads, connect with real estate agents locally/internationally, measure marketing ROI, and more.
Key facts about PropertyGuru
- Founded Year: 2006
- Location: Singapore (Singapore)
- Annual Revenue: 92M SGD as on Dec 31, 2023
- Stage: Acquired
- Total Funding till date: $690M
- Investors: CPP Investments, TPG and 15 Others
- Latest Funding Round: Series E, Aug 26, 2021, $147M
- Highlight: Acquired
5. Etsy
Online marketplace offering multi-category products from independent designers. Its product catalog includes home improvement products, fashion, beauty, electronics, stationery, arts, books, groceries, smoking products, pet supplies, and more.
Key facts about Etsy
- Founded Year: 2005
- Location: Dublin (Ireland)
- Annual Revenue: $2.75B as on Dec 31, 2023
- Stage: Public
- Total Funding till date: $98M
- Employee Count: 2,400 as on Dec 31, 2024
- Investors: Elliott Management, Sunrise Ventures and 23 Others
- Latest Funding Round: Post IPO, Feb 01, 2024
- Highlight: Public
TPG's Year-on-Year Investment Trends
TPG has invested in 733 companies over the last 28 years, with an average of 19 new investments annually in the last 10 years. In 2024, it made 12 investments, while as of Jun 2025, it has made 8 investments in this year. Its most recent first time investment was in Citykart and most recent follow-on round was in Daybreak.
Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2025 (YTD) | 6 | 2 | 8 |
2024 | 10 | 2 | 12 |
2023 | 7 | 5 | 12 |
2022 | 12 | 5 | 17 |
2021 | 30 | 16 | 46 |
2020 | 10 | 12 | 22 |
2019 | 20 | 15 | 35 |
2018 | 28 | 15 | 43 |
2017 | 33 | 11 | 44 |
2016 | 18 | 6 | 24 |
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TPG's Investments by Stage
TPG has made 72 investments in Series B stage with an average round size of $50.7M, 56 investments in PE stage with an average round size of $245M and 51 investments in Series A stage with an average round size of $50.9M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Series B | 72 |
PE | 56 |
Series A | 51 |
Series C | 50 |
Series D | 30 |
Others | 67 |
TPG's Investments by Sector
TPG has a diverse portfolio, with companies operating in the Enterprise Applications, Life Sciences, Consumer, Retail and FinTech. Notably, it has invested in 310 Enterprise (B2B) companies, 270 Tech companies, 155 Consumer (B2C) companies and at least 102 companies focusing on Software.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 69 |
Life Sciences | 55 |
Consumer | 49 |
Retail | 32 |
FinTech | 28 |
Others | 332 |
TPG's Investments by Geography
TPG has made most investments in United States (203), followed by India where it has made 41 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
United States | 203 |
India | 41 |
China | 22 |
Israel | 8 |
Brazil | 5 |
Others | 50 |
TPG's recent investments
Filter this listHere are the most recent investments by TPG:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 18, 2025 | United States | Series C | $15M | ||
May 23, 2025 | India | Series B | $14M | ||
Apr 22, 2025 | United States | PE | Undisclosed | ||
Apr 08, 2025 | Germany | Series D | $110M | - | |
Mar 31, 2025 | Australia | Seed | Undisclosed | Temasek [+1] |
Get the detailed list of all investments by TPG. Download now!Unicorns in TPG's Portfolio
Filter this listHere is a list of unicorns in TPG's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
63 | Product content management and syndication platform for businesses | 2012 | Boston | Series F | mmwphwx | ||
75 | Provider of logistics and courier solutions | 2015 | Pune | Series G | wtpelb{ | ||
76 | AI powered decision support and data analytics software for enterprises | 2000 | New York City | Series E | bbmmrtk | ||
65 | Cloud based eDiscovery and litigation software | 2010 | Berkeley | Series D | ie{jwxn | ||
76 | Digital bank for individuals | 2015 | San Francisco | Series G | drxgdbq |
IPOs and Publicly Listed companies in TPG's Portfolio
Filter this listHere are TPG's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 18, 2025 | Sep 2018 | Conventional Debt | Undisclosed | |
Dec 18, 2024 | Mar 29, 2019 | Series C | $41.7M | |
Sep 13, 2024 | Dec 12, 2023 | Series C | $165M | |
May 01, 2024 | Oct 17, 2016 | Unattributed | $500M | |
Feb 14, 2024 | Nov 28, 2014 | Series E | $74.8M |
Acquired companies in TPG's Portfolio
Filter this listHere are TPG's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 22, 2025 | Feb 04, 2008 | Series B | $20M | |
May 06, 2025 | Sep 14, 2015 | Series E | $235M | |
Mar 13, 2025 | Oct 04, 2017 | Series A | $20M | |
Feb 18, 2025 | - | - | - | |
Feb 06, 2025 | - | - | - |
Team profile of TPG
TPG has a team of 266 members including 144 Partners and 80 Principals located in United States, United Kingdom and 8 more locations. TPG's team sits on the board of 17 companies.Here is a list of top team members in TPG:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Westport | - | ||
Partner | United States | - | ||
Partner | United Kingdom | - | ||
Partner | San Francisco | - | ||
Partner | Fort Worth | - | ||
Partner | Cambridge | - | ||
Partner | San Diego | - | ||
Partner | Mumbai | |||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - |
Get the full list of TPG's team & partners for free. Download now!Co-investors of TPG
Over the past 28 years, 2505 investors have co-invested in TPG's portfolio companies.
- Invested before TPG: Accel, Eight Roads Ventures and 935 others have invested in rounds before TPG. There are 8 companies where Accel has invested before TPG and 8 companies where Eight Roads Ventures has invested before TPG.
- Top Co-investors of TPG: 473 investors entered a company along with TPG. These include investors like Kleiner Perkins (10 companies).
- Invested after TPG: A total of 1095 investors have invested in TPG's portfolio after their investments. Top Investors include Perceptive Advisors (9 companies), Temasek (8 companies) and Fidelity Investments (7 companies).
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