Predict your next investment

Family Office
FINANCE | Investment Firms & Funds
iconiqcapital.com

See what CB Insights has to offer

Investments

158

Portfolio Exits

29

Funds

35

Partners & Customers

1

Service Providers

1

About ICONIQ Capital

ICONIQ Capital is a global multi-family office, operating as an independent SEC Registered Investment Advisor.

ICONIQ Capital Headquarter Location

394 Pacific Ave 2nd Floor

San Francisco, California, 94111,

United States

415-937-7763

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing ICONIQ Capital

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find ICONIQ Capital in 2 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

113 items

S

Synthetic Biology

382 items

ICONIQ Capital Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

ICONIQ Capital Rank

Research containing ICONIQ Capital

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned ICONIQ Capital in 2 CB Insights research briefs, most recently on Jun 9, 2021.

Latest ICONIQ Capital News

Inside ICONIQ Capital: How the Rich Got Richer

Jun 17, 2022

Secret documents reveal how ICONIQ Capital accumulated $83.5 billion in the bull run and raised $6 billion as the world came undone. www.newcomer.co Email If there’s any investment firm that’s truly a backroom cabal of rich and powerful tech elites, it’s Divesh Makan’s ICONIQ Capital. The firm counts some of the wealthiest and most connected billionaires in the world as clients and consiglieres. ICONIQ has been in the process of raising its seventh growth fund . I can report that the fund — ICONIQ Strategic Partners VII— has been raised and totals $6 billion, according to a source. That gives the firm a deep reserve of dry powder as tech stocks — including ICONIQ portfolio companies like Snowflake and Datadog — crater. A spokesperson for ICONIQ declined to comment. If you know anything about ICONIQ, it’s probably that the firm built its reputation on the back of managing some of Mark Zuckerberg’s enormous fortune. A private fundraising presentation that I’ve obtained makes clear that Zuckerberg, who remains an advisor to the firm, is far from the only headline name with deep connections to ICONIQ. The firm’s advisory board comprises some of the most powerful investors and tech business leaders in the world: LinkedIn co-founder Reid Hoffman, Asana CEO Dustin Moskovitz, Yahoo! co-founder Jerry Yang, General Motors CEO Mary Barra, Johnson & Johnson executive chairman Alex Gorsky, Tiger Global founder Chase Coleman, founding TPG partner David Bonderman, co-CEO of KKR Henry Kravis, Indian steel magnate Aditya Mittal, and Zuckerberg. Since ICONIQ was founded in 2011, Makan has exploded the firm’s reach. ICONIQ is at once a family office for the ultra wealthy, a growth fund that competes with the likes of Tiger Global, a major real estate investor, and an impact investor. ICONIQ has invested in more than 120 companies, deploying $12.9 billion in capital. 1 Just as this epic bull run looked to be coming to a close — at the end of last year — ICONIQ’s assets under management totaled $83.5 billion, according to the private investor presentation. 2 What becomes of that massive wealth horde is an open question. Careers and fortunes are made at the tail end of a bull cycle. ICONIQ returned billions to its investors last year. But the firm deployed just as many billions. Will ICONIQs financial backers remember the money it returned or the expensive investments that it made in 2021? Clearly, there are still plenty of believers given investors ponied up $6 billion for ICONIQ’s seventh fund as the stock market comes undone. With the benefit of hindsight, it’s fair to say ICONIQ was almost certainly overexuberant last year. ICONIQ paid difficult-to-justify-in-retrospect prices for much of the $5.2 billion it invested last year. High entry prices will make it hard for the firm’s sixth fund to match the stellar returns of its early funds. But that will be true for many, if not all, of the firm’s rivals too. (Collective delusions are a powerful force — and there are plenty of incentives to run off the cliff together.) There’s little question that 2021 was an epic year for ICONIQ that helped shape the future of the technology industry. Last year, ICONIQ’s headcount grew by 22%. It saw 16 liquidity events, including 11 portfolio company public listings. The firm invested— just last year — $5.2 billion. The firm bought shares in 37 new companies and made 60 follow-on investments. Again, just last year, the firm says it returned $5.5 billion to its backers, at a realized gross multiple on invested capital of 8.3x. Much of this story is based on the fundraising materials for that seventh fund. The slides (many of which are included below for Newcomer subscribers) contain ICONIQ’s performance through Dec. 31, 2021. Subscribe If you want to know how the rich got richer before the world started to unravel, this is the story that explains how.

ICONIQ Capital Investments

158 Investments

ICONIQ Capital has made 158 investments. Their latest investment was in Madison Realty Capital as part of their Private Equity on June 6, 2022.

CBI Logo

ICONIQ Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/2/2022

Private Equity

Madison Realty Capital

Yes

1

3/8/2022

Series E

Axonius

$200M

No

34

2/28/2022

Series D

Aurora Solar

$200M

No

10

2/4/2022

Series C - III

Subscribe to see more

$99M

Subscribe to see more

10

1/13/2022

Series F

Subscribe to see more

$99M

Subscribe to see more

10

Date

6/2/2022

3/8/2022

2/28/2022

2/4/2022

1/13/2022

Round

Private Equity

Series E

Series D

Series C - III

Series F

Company

Madison Realty Capital

Axonius

Aurora Solar

Subscribe to see more

Subscribe to see more

Amount

$200M

$200M

$99M

$99M

New?

Yes

No

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

34

10

10

10

ICONIQ Capital Portfolio Exits

29 Portfolio Exits

ICONIQ Capital has 29 portfolio exits. Their latest portfolio exit was Braze on November 17, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/17/2021

IPO

$99M

Public

14

11/9/2021

Acquired

$99M

10

10/14/2021

IPO

$99M

Public

2

7/29/2021

IPO

Subscribe to see more

$99M

Subscribe to see more

10

6/23/2021

IPO

Subscribe to see more

$99M

Subscribe to see more

10

Date

11/17/2021

11/9/2021

10/14/2021

7/29/2021

6/23/2021

Exit

IPO

Acquired

IPO

IPO

IPO

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

Subscribe to see more

Subscribe to see more

Sources

14

10

2

10

10

ICONIQ Capital Acquisitions

4 Acquisitions

ICONIQ Capital acquired 4 companies. Their latest acquisition was Truckstop.com on April 03, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/3/2019

Private Equity

$99M

Acq - Fin

3

8/15/2016

Debt

Subscribe to see more

$99M

$99M

Subscribe to see more

10

6/18/2015

Subscribe to see more

$99M

Subscribe to see more

10

8/15/2013

Subscribe to see more

$99M

Subscribe to see more

10

Date

4/3/2019

8/15/2016

6/18/2015

8/15/2013

Investment Stage

Private Equity

Debt

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Fin

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

3

10

10

10

ICONIQ Capital Fund History

35 Fund Histories

ICONIQ Capital has 35 funds, including IPI Partners II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/17/2020

IPI Partners II

$290M

5

12/17/2020

IPI Partners II-B

$475.52M

1

12/17/2020

IPI Partners II-A

$1,145.53M

1

12/17/2020

ICQ Investments RS

$99M

10

5/4/2020

ICONIQ Strategic Partners IV Co-Invest (Series M)

$99M

10

Closing Date

12/17/2020

12/17/2020

12/17/2020

12/17/2020

5/4/2020

Fund

IPI Partners II

IPI Partners II-B

IPI Partners II-A

ICQ Investments RS

ICONIQ Strategic Partners IV Co-Invest (Series M)

Fund Type

Status

Amount

$290M

$475.52M

$1,145.53M

$99M

$99M

Sources

5

1

1

10

10

ICONIQ Capital Partners & Customers

1 Partners and customers

ICONIQ Capital has 1 strategic partners and customers. ICONIQ Capital recently partnered with i80 Group on February 2, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

2/17/2022

Partner

United States

Venture Debt Company i80 Group Partners with ICONIQ Capital - Sovereign Wealth Fund Institute

Silicon Valley wealth management firm ICONIQ Capital is partnering with i80 Group .

2

Date

2/17/2022

Type

Partner

Business Partner

Country

United States

News Snippet

Venture Debt Company i80 Group Partners with ICONIQ Capital - Sovereign Wealth Fund Institute

Silicon Valley wealth management firm ICONIQ Capital is partnering with i80 Group .

Sources

2

ICONIQ Capital Service Providers

1 Service Provider

ICONIQ Capital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

ICONIQ Capital Team

18 Team Members

ICONIQ Capital has 18 team members, including current President, Chief Administrative Officer, James Jesse.

Name

Work History

Title

Status

Chad Boeding

Founder

Current

James Jesse

President, Chief Administrative Officer

Current

Lou Thorne

Fortress Investment Group, MissionPoint Partners, Raptor Capital Management, and Tudor Group

Chief Operating Officer

Current

Molly Duffey

Senior Vice President

Current

Adam Durfee

Senior Vice President

Current

Name

Chad Boeding

James Jesse

Lou Thorne

Molly Duffey

Adam Durfee

Work History

Fortress Investment Group, MissionPoint Partners, Raptor Capital Management, and Tudor Group

Title

Founder

President, Chief Administrative Officer

Chief Operating Officer

Senior Vice President

Senior Vice President

Status

Current

Current

Current

Current

Current

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.