Muz Ashraf

General Partner at TCV

📍 London, England Metropolitan Area, United Kingdom🔄 Updated July 2026💼 16 investments📅 12 years investing🗓 Last invested Apr 2026
VC🌍 United KingdomInvested this quarter
16
Total investments
0
Early stage
1
Mid stage
8
Late stage
12y
Years active

Portfolio

10 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Investor
Apr 2026
Cloudsmith is a fully managed solution for controlling, securing, and distributing everything that flows through your software supply chain, using the best of cloud-native artifact management. Operate at enterprise scale, reduce risk, and streamline builds. Cloudsmith just works, so your developers can, too.
Investor
Jan 2026
Pennylane is building the financial OS (Operating System) for European SMEs. A single source of truth for financial and accounting data, used on one side by entrepreneurs to run their business (invoicing and getting paid, paying suppliers and expense management, piloting cash and profitability) and on the other side by their accountant for bookkeeping and tax filings. Saving time to all entrepreneurs and accountants, helping them to make the right decisions and enabling 3rd parties to offer added-value personalized financial services. We’ve launched in France and will expand to other markets in Continental Europe in 2024. Our commercial website is thus in French only but the code is obviously documented in English and our tech team speaks English. We’re product-led, growing fast, backed by strong investors and are hiring software engineers anywhere in Europe to join our experienced remote-first engineering team.
late stageAccounting
Board Member
Dec 2025
Neara is the first physics-enabled digital twin that moves infrastructure owners from seeing “what is” to understanding “what if.” By bringing historically fragmented data and workflows into a geometrically precise model that behaves just like real-world assets, Neara brings structural precision to simulation analyses, intervention planning, and investment prioritization across any risk context — from preparing to support load growth to building a 30-day storm-hardening plan, or executing a multi-year wildfire mitigation strategy.
Board Member
Nov 2023
At Employment Hero, we’re an ambitious group of people on a mission to make employment easier and more valuable. We believe that when work works, it works for everyone. As the all-in-one employment solution for businesses with big ambitions and their teams, we support you at every stage of the employee lifecycle. From recruitment to HR, compliance and payroll, we’re here to unleash your team’s full potential. Since our inception in 2014, we’ve had some pretty impressive growth (we’re talking 100% YoY). We reached unicorn status in 2022 and now serve 350,000 businesses globally. With more than 2.5 million users using our platform- we have no plans to slow down. To find out more, visit employmenthero.com
Investor
Jan 2022
At Ankorstore, we aim to be Europes #1 B2B wholesale business partner. Our tools are designed to streamline operations for independent retailers and brands, providing day-to-day support for their business development.
mid stageWholesale
Investor
Jun 2021
Celonis makes processes work for people, companies, and the planet. The Celonis Process Intelligence Platform takes the data from the systems you already use, and presents you with a living digital twin of your end-to-end processes. It’s system-agnostic, without bias, and provides everyone with a common language for understanding and improving processes. Because when processes work, everything works. Since 2011, Celonis has helped 1,000+ of the world’s largest companies to realize value across the top, bottom, and green line. Celonis is headquartered in Munich, Germany, and New York City, USA, with more than 20 offices worldwide. Find out more at www.celonis.com.
Investor
Jan 2021
We are the world’s only true SaaS cloud banking platform and the founders of composable banking. Since 2011, we’ve helped banks, fintechs, lenders, credit unions and retailers design and launch modern financial products with speed, flexibility and scale. Our composable approach works like building blocks: independent components, systems and connectors that can be assembled in any configuration to meet business goals and customer needs. From core banking and deposits to lending, payments and Islamic banking, we power it all. Whether launching a single product or transforming an entire banking stack, we give organisations the agility, scalability and reliability to succeed in today’s financial landscape and tomorrow’s. Trusted by hundreds of customers across 65 countries, we are shaping the next generation of banking.
Investor
Dec 2020
Since 2014, Spryker has been enabling sophisticated digital innovation and helping global enterprises differentiate with its composable commerce platform. Its leading headless, API-first, enterprise-ready architecture is loved by organizations, developers, business buyers, and digital commerce executives worldwide. As a global leader for modern digital commerce, Spryker enables companies to become pioneers in Enterprise Marketplaces, B2B Commerce, and IoT Commerce. Spryker has empowered 150+ companies across the globe to future-proof their businesses and is trusted by brands such as Ricoh, Siemens, Daimler, BOSCH, ZF, Hilti, and ALDI. Spryker has a double-digit billion GMV on behalf of its global enterprise customer base and is backed by world-class investors such as TCV, One Peak, Project A, Cherry Ventures, and Maverick Capital. Spryker is taking new markets by storm. We are expanding across continents to offer clients the most flexible and agile enterprise B2B commerce platform on the market through a unique, value-based sales and ecosystem-led approach. This requires a special mindset, relentless human effort, and lots of collaboration within the team, which is proudly called the Spryker Herd. Learn more at: www.spryker.com
Investor
Aug 2020
Redis is the worlds fastest data platform. We provide cloud and on-prem solutions for caching, vector search, and more that seamlessly fit into any tech stack. With fast setup and fast support, we make it simple for digital customers to build, scale, and deploy the fast apps our world runs on.
Board Member
Feb 2017
Retail Merchant Services has recently become part of SaltPay, a fast-growing payment services and software provider, combining our shared ambition to provide care and technology that can help small businesses automate and grow. Our purpose is to provide smart, innovative and affordable payment solutions that make business owners’ lives easier. From high-quality POS terminals and payments over phone, online and mobile, to added value services like Merchant Cash Advance and Same Day Settlement, we take a no-nonsense approach to payments processing, delivering the best possible solutions with a highly rated customer service. To find out more, visit: https://www.retailmerchantservices.co.uk/about-us/ Get a free quote 01908 359 190 https://info.retailmerchantservices.co.uk/sign-up
Experience · 18 entries
All (18)
Investments (16)
Board (6)
2026
Investor
Apr 2026
Cloudsmith is a fully managed solution for controlling, securing, and distributing everything that flows through your software supply chain, using the best of cloud-native artifact management. Operate at enterprise scale, reduce risk, and streamline builds. Cloudsmith just works, so your developers can, too.
Investor
Jan 2026
Pennylane is building the financial OS (Operating System) for European SMEs. A single source of truth for financial and accounting data, used on one side by entrepreneurs to run their business (invoicing and getting paid, paying suppliers and expense management, piloting cash and profitability) and on the other side by their accountant for bookkeeping and tax filings. Saving time to all entrepreneurs and accountants, helping them to make the right decisions and enabling 3rd parties to offer added-value personalized financial services. We’ve launched in France and will expand to other markets in Continental Europe in 2024. Our commercial website is thus in French only but the code is obviously documented in English and our tech team speaks English. We’re product-led, growing fast, backed by strong investors and are hiring software engineers anywhere in Europe to join our experienced remote-first engineering team.
late stageAccounting
2025
Board Member
Dec 2025
Neara is the first physics-enabled digital twin that moves infrastructure owners from seeing “what is” to understanding “what if.” By bringing historically fragmented data and workflows into a geometrically precise model that behaves just like real-world assets, Neara brings structural precision to simulation analyses, intervention planning, and investment prioritization across any risk context — from preparing to support load growth to building a 30-day storm-hardening plan, or executing a multi-year wildfire mitigation strategy.
2023
Board Member
Nov 2023
At Employment Hero, we’re an ambitious group of people on a mission to make employment easier and more valuable. We believe that when work works, it works for everyone. As the all-in-one employment solution for businesses with big ambitions and their teams, we support you at every stage of the employee lifecycle. From recruitment to HR, compliance and payroll, we’re here to unleash your team’s full potential. Since our inception in 2014, we’ve had some pretty impressive growth (we’re talking 100% YoY). We reached unicorn status in 2022 and now serve 350,000 businesses globally. With more than 2.5 million users using our platform- we have no plans to slow down. To find out more, visit employmenthero.com
2022
General Partner
Jan 2022
For thirty years, TCV has partnered with global, category-defining, technology companies as a leading growth equity investor. Leveraging its deep industry expertise and strategic resources, TCV’s mission is to provide long-term capital and support to high-quality management teams across their growth journey. Since its founding in 1995, TCV has invested $21 billion in more than 350 technology companies worldwide and has supported over 150 IPOs and strategic acquisitions, making it one of the most active technology investors. Select investments include Adevinta, Believe, ByteDance, Clio, Netflix, Nubank, Relex, Revolut, Spotify, Toast, and Zillow. TCV has a global presence in Menlo Park, New York, and London. For more information on TCV and its investments, visit tcv.com. The specific companies identified in our posts are not necessarily representative of all of TCVs investments and no assumption should be made that the investments identified were or will be profitable. For a complete list of TCV investments, please visit https://www.tcv.com/all-companies. Certain statements contained herein reflect the subjective views and opinions of TCV. Such statements cannot be independently verified and are subject to change.
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Investment activity
2014–2026 · 16 investments
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