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TL Ventures
TL Ventures invests in software, information technology, and business services companies. The firm provides early-stage companies with strategy, recruiting,...
TL Ventures
TL Ventures invests in software, information technology, and business services companies. The firm provides early-stage companies with strategy, recruiting, partnerships, development, and financing support. TL Ventures has made 249 investments, including a Series A investment in Qnovia on August 08, 2022, and has facilitated 76 portfolio exits, with QuantaVerse exiting on August 17, 2021.
General information
Firm type
Venture Capital
Year founded
1988
Location
Region
North America
Country
United States
City
Wayne
Corporate office
Wayne, PA, United States
Principals
Robert Keith
Managing Partner
Gary Anderson
Managing Director
Sector focus
Frequently asked questions
What is TL Ventures' most notable exit?
CDNow, the pioneering online music retailer, was one of the firm's highest-profile early investments. CDNow went public in 1998 and was later acquired by Bertelsmann in a transaction that validated internet-commerce venture returns during the dot-com era.
How was TL Ventures connected to the University City Science Center?
The firm was originally established as an affiliate of the University City Science Center, a Philadelphia-based research park and commercialization hub that housed 26 academic and medical institutions. This relationship gave TL Ventures privileged access to university spin-out companies and faculty-founded technology startups throughout the Mid-Atlantic.
Who ran investment decisions at TL Ventures?
The investment committee was anchored by Robert Keith, the firm's co-founder and managing partner, along with Gary Anderson, who served as a managing director. The partnership made concentrated, consensus-driven early-stage technology investments from the Wayne, Pennsylvania headquarters.
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