Technology Crossover Ventures, a Palo Alto venture capital firm, has raised a new $3 billion fund, the firm said in a statement.
The firm will begin investing next year.
The company uses the word “crossover” in its name, because it invests in late-stage private companies, but also in public companies. It targets Internet, financial technology, infrastructure and communications, software and services and health care IT.
The firm is led by Jay Hoag and Richard Kimball.
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