# TL Ventures

TL Ventures is a Venture Capital based in Wayne, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Wayne, United States
- **Region:** North America
- **Address:** Wayne, PA, United States
- **Founded:** 1988
- **Assets under management:** $600M – $1.5B (Altss estimate)
- **Website:** tlventures.com
- **LinkedIn:** https://www.linkedin.com/company/tl-ventures

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Enterprise Software
- Digital Health
- FinTech
- Cybersecurity
- Industrial Tech

## People

- Robert Keith — Managing Partner
- Gary Anderson — Managing Director

## 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.

## Related profiles

- [TJNS Capital](https://altss.com/profile/tjns-capital)
- [TMB Capital](https://altss.com/profile/tmb-capital)

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Source record modified: 2026-06-03T20:00:00.000Z

Last verified: not supplied by this public snapshot.

## Sources and provenance

- Organization website as recorded: https://tlventures.com/
Source links do not imply that every field was verified on the page modification date. See [Altss methodology](https://altss.com/methodology).

Canonical page: https://altss.com/profile/tl-ventures

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology