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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?

Whirl AI

South San Francisco, Pennsylvania, United States

Whirl AI develops an AI-driven platform and agents to understand and modernize complex enterprise IT applications and business processes.

Artificial Intelligence (AI)Business Process Automation (BPA)Cloud ComputingEnterprise SoftwareIT ManagementSecuritySoftwareSoftware Engineering
SeedMar 31, 2026
Amount Raised: $8,900,000
Xona

Burlingame, California, United States

Xona develops satellite navigation services delivering positioning, navigation, and timing data via a low Earth orbit network.

AerospaceGPSInformation ServicesMilitaryNavigationSatellite CommunicationSoftware
Series CMar 26, 2026
Amount Raised: $170,000,000
Standard Template Labs

New York, New York, United States

Standard Template Labs provides an AI-native ITSM platform that replaces legacy ticketing with autonomous automation to resolve IT issues.

Artificial Intelligence (AI)Business IntelligenceBusiness Process Automation (BPA)Information ServicesInformation Technology
SeedMar 17, 2026
Amount Raised: $49,000,000
Quince

San Francisco, California, United States

Quince is an e-commerce company that offers apparel, accessories, home goods, and personal care products through an online platform.

ApparelE-CommerceE-Commerce PlatformsRetail
Series EMar 11, 2026
Amount Raised: $500,000,000
Legora

Stockholm, Stockholms Lan, Sweden

Legora develops an AI software platform to support legal professionals in tasks such as document review, drafting, and legal research.

Artificial Intelligence (AI)LegalLegal TechSoftware
Series DMar 10, 2026
Amount Raised: $550,000,000
Grotto AI

New York, New York, United States

Grotto AI is an IT and Internet firm offering AI based tool for leasing and renewals.

Artificial Intelligence (AI)FinanceInformation TechnologyInternet
SeedFeb 19, 2026
Amount Raised: $10,000,000
Braintrust

San Francisco, California, United States

Braintrust is an AI-native observability startup that helps teams measure, evaluate, and improve AI models and products.

Artificial Intelligence (AI)Data IntegrationData Management
Series BFeb 17, 2026
Amount Raised: $80,000,000
Anthropic

San Francisco, California, United States

Anthropic is an AI safety and research company that builds reliable, interpretable, and steerable AI systems.

Artificial Intelligence (AI)Foundational AIGenerative AIInformation TechnologyMachine Learning
Series GFeb 12, 2026
Amount Raised: $30,000,000,000
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

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