# Woody Marshall

> Woody Marshall is a General Partner at TCV (Technology Crossover Ventures), one of the world's leading growth equity firms. With nearly three decades in venture capital, he has backed some of the defining technology companies of the internet era - including Netflix, Spotify, Airbnb, Nubank, and Peloton. He joined TCV in 2008 after 12 years at Trident Capital and today sits on the boards of Spotify, Payoneer, GoFundMe, Nerdy, Newsela, and onX. A multiple Forbes Midas List honoree, Marshall focuses on fintech, mobile, and digital media investments with a philosophy rooted in backing exceptional entrepreneurs and patient, long-term capital deployment.

- **Role:** General Partner at TCV (Technology Crossover Ventures)
- **Organizations:** TCV (Technology Crossover Ventures), Trident Capital, Spotify (Board), Payoneer (Board), GoFundMe (Board), Nerdy (Board), Newsela (Board), onX (Board)
- **Nationality:** American
- **Education:** B.A. (Mathematics and Economics), Hamilton College, M.B.A., J.L. Kellogg Graduate School of Management, Northwestern University
- **Known for:** Named multiple times to Forbes Midas List as a top technology investor, Early backer of Netflix (NASDAQ: NFLX) - one of the defining streaming bets in VC history, Backed Airbnb (NASDAQ: ABNB) and Instacart (NASDAQ: CART) before IPO

## Career timeline

- **1995** — Entered venture capital at Trident Capital through a cocktail party introduction; focused on payments, internet, and mobile
- **1995-2007** — Spent 12 years at Trident Capital as investor in early internet and payments companies
- **2008** — Joined TCV (Technology Crossover Ventures) as General Partner
- **2015** — Led TCV investment in GoFundMe (Series A) and Dollar Shave Club (Series C/D)
- **2015** — Invested in Varsity Tutors (Series B)
- **2016** — Led $180M investment in Payoneer; joined Payoneer board of directors
- **2017** — Joined Payoneer board of directors (member since 2017)
- **2018** — Led TCV investment in Sojern (Series D, $120M); invested in Varsity Tutors Series C
- **2019** — Led TCV investment in Newsela (Series C, $50M)
- **2021** — Led TCV investment in Built Technologies (Series D, $130M); joined board
- **2021** — Named multiple times to Forbes Midas List as top technology investor
- **2024** — Active on boards of Spotify (NYSE: SPOT), Payoneer (NASDAQ: PAYO), GoFundMe, Nerdy (NYSE: NRDY), Newsela, onX; active investments in Mercury, Nubank, Peloton, ByteDance, Believe, SeatGeek, Wealthsimple
- **2025** — onX raises $190M private equity round with TCV participation (Nov 2025)

## Achievements

- Named multiple times to Forbes Midas List as a top technology investor
- Early backer of Netflix (NASDAQ: NFLX) - one of the defining streaming bets in VC history
- Backed Airbnb (NASDAQ: ABNB) and Instacart (NASDAQ: CART) before IPO
- Led TCV's investment in Spotify (NYSE: SPOT); serves on Spotify's board of directors
- Led $180M investment in Payoneer; serves as board director and chairs Nominating & Corporate Governance Committee
- Backed Nubank (NYSE: NU) - the largest neobank in Latin America
- Successfully guided Dollar Shave Club to acquisition by Unilever
- Successfully guided HomeAway to acquisition by Expedia
- Led TCV's investment in GoFundMe, now the world's largest crowdfunding platform
- Co-led TCV Fund XI and successive funds totaling billions in committed capital
- Nearly 30 years in venture capital with investments spanning fintech, consumer internet, and digital media

## Latest updates

- **2025-11** — onX raises $190M private equity round with TCV participation
- **2024-05** — TCV raises latest fund; Woody Marshall continues as General Partner
- **2024** — Serves on boards of Spotify, Payoneer, GoFundMe, Nerdy, Newsela, onX; active investments include Mercury, Nubank, ByteDance, Peloton, SeatGeek, Wealthsimple, Believe
- **2024** — Named to Forbes Midas List (multiple times recognized as top technology investor)

## Links

- Website: https://tcv.com/team/woody-marshall
- LinkedIn: http://www.linkedin.com/in/woody-marshall-87146
- Twitter/X: https://twitter.com/tcvtech?lang=en
- Facebook: https://facebook.com/pages/Technology-Crossover-Ventures/125241954197765

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Profile page: https://yespress.io/woody-marshall
Published by YesPress — https://yespress.io
Last updated: 2026-05-17