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ICONIQ Capital

North America, California, United States, San Francisco

Description

ICONIQ Capital is a distinctive privately-held investment firm based in San Francisco, renowned for serving a select group of influential families and organizations, including prominent tech billionaires. Unlike traditional venture capital firms, ICONIQ operates as a multi-family office that also engages in direct investments across various asset classes, including public equity, private equity, venture capital, and real estate. This integrated approach allows them to provide comprehensive wealth management alongside strategic capital deployment, leveraging their deep network within the technology and business ecosystems.

The firm's direct investment arm, ICONIQ Growth, is particularly active in the high-growth technology sector. They primarily focus on late-stage venture and growth equity investments, targeting companies that demonstrate strong market traction and significant potential for long-term expansion. ICONIQ Growth's portfolio spans critical areas such as enterprise software, cloud infrastructure, fintech, and consumer internet. Their investment philosophy emphasizes building enduring partnerships with founders and management teams, often providing strategic guidance and access to their unparalleled network of industry leaders and potential customers.

For their growth equity investments, ICONIQ typically writes first checks ranging from approximately $50 million to $200 million, often taking lead or co-lead positions in funding rounds. The firm's substantial capital base, managing over $80 billion in assets as of recent reports, enables them to make significant commitments and support their portfolio companies through multiple funding stages. Their notable investments include industry leaders like Snowflake, Datadog, GitLab, and Zoom, underscoring their ability to identify and back transformative technology companies poised for global impact. ICONIQ Capital's unique model, combining bespoke wealth management with strategic growth capital, positions it as a powerful and discreet force in the global investment landscape.

Investor Profile

ICONIQ Capital has backed more than 83 startups, with 6 new investments in the last 12 months alone. The firm has led 31 rounds, about 37% of its total and boasts 11 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Grant, Series B, Series A rounds (top funding stages).
  • Majority of deals are located in United States, India, France.
  • Strong thematic focus on Software, Artificial Intelligence (AI), Financial Services.
  • Led 1 rounds in the past year.
  • Typical check size: $50M – $200M.

Stage Focus

  • Grant (19%)
  • Series B (16%)
  • Series A (14%)
  • Series C (8%)
  • Series D (8%)
  • Series Unknown (7%)
  • Private Equity (7%)
  • Series E (6%)
  • Series F (4%)
  • Seed (4%)

Country Focus

  • United States (82%)
  • India (5%)
  • France (2%)
  • The Netherlands (2%)
  • United Kingdom (1%)
  • Australia (1%)
  • Belgium (1%)
  • New Zealand (1%)
  • Brazil (1%)
  • Hong Kong (1%)

Industry Focus

  • Software
  • Artificial Intelligence (Ai)
  • Financial Services
  • Fintech
  • E-commerce
  • Health Care
  • Saas
  • Enterprise Software
  • Finance
  • Machine Learning
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does ICONIQ Capital frequently co-invest with?

Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 6
CapitalG
North America, California, United States, San Francisco
Co-Investments: 4
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 8
ICONIQ Growth
North America, California, United States, San Francisco
Co-Investments: 12
Index Ventures
North America, California, United States, San Francisco
Co-Investments: 4
Horizons Ventures
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 8
Salesforce Ventures
North America, California, United States, San Francisco
Co-Investments: 6
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 4
Tiger Global Management
North America, New York, United States, New York
Co-Investments: 14
Coatue
North America, New York, United States, New York
Co-Investments: 6

Which angels does ICONIQ Capital often collaborate with?

QJ
North America, California, United States, Los Angeles
Shared Deals: 1
DH
North America, California, United States, San Francisco
Shared Deals: 1
TN
North America, New York, United States, New York
Shared Deals: 1
LB
North America, United States
Shared Deals: 2
AM
North America, California, United States, Los Angeles
Shared Deals: 1
CT
North America, California, United States, Santa Barbara
Shared Deals: 1
SC
North America, California, United States, Oakland
Shared Deals: 1
VK
North America, California, United States, Glendale
Shared Deals: 1
EC
North America, California, United States, San Francisco
Shared Deals: 1
PW
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by ICONIQ Capital?

Outtake

Brooklyn, New York, United States

Outtake is a digital trust platform automating threat classification, detection, and response to enhance enterprise cybersecurity measures.

Artificial Intelligence (AI)Cyber SecurityMachine Learning
Series BJan 28, 2026
Amount Raised: $40,000,000
Safe Online

New York, New York, United States

Safe Online is a nonprofit organization

Non Profit
SeedJan 21, 2026
Amount Raised: $2,000,000
OpenEvidence

Cambridge, Massachusetts, United States

OpenEvidence is a medical AI company that builds a search engine to support clinicians in making evidence-based decisions.

Artificial Intelligence (AI)Clinical TrialsMedicalSaaSSearch Engine
Series DJan 21, 2026
Amount Raised: $250,000,000
Rain

New York, New York, United States

Rain is a fintech company that builds stablecoin-powered payment infrastructure, allowing businesses and individuals to use tokenized money.

BlockchainCryptocurrencyDecentralized Finance (DeFi)FinTechWeb3
Series CJan 9, 2026
Amount Raised: $250,000,000
Swap

London, England, United Kingdom

Swap Commerce provides an e-commerce operating system that helps online brands unify and manage their commerce operations.

E-CommerceFinanceSoftware
Series CJan 7, 2026
Amount Raised: $100,000,000
QXO

Greenwich, Connecticut, United States

QXO is a technology solutions company that offers programming and technical support for the manufacturing and distribution sectors.

Building MaterialBusiness IntelligenceLogisticsSupply Chain ManagementWholesale
Post Ipo EquityJan 5, 2026
Amount Raised: $3,000,000,000
Nevis

New York, New York, United States

Nevis is the world's first AI-powered platform designed specifically for wealth management.

Artificial Intelligence (AI)Business IntelligenceSoftwareWealth Management
Series ADec 1, 2025
Amount Raised: $35,000,000
Ramp

New York, New York, United States

Ramp is a financial operations platform designed to save companies time and money

FinanceFinancial ServicesFinTech
Series UnknownNov 17, 2025
Amount Raised: $300,000,000
Legora

Stockholm, Stockholms Lan, Sweden

Legora is a collaborative AI that empowers lawyers by enabling them to review documents, conduct research, and draft legal materials.

Artificial Intelligence (AI)LegalLegal TechSoftware
Series COct 30, 2025
Amount Raised: $150,000,000
Oura

Oulu, Oulu, Finland

Oura designs and develops wearable rings that track sleep and performance metrics for health and wellness monitoring.

B2CHealth CareInternet of ThingsMobile AppsWearables
Series EOct 14, 2025
Amount Raised: $900,000,000

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