![]() ![]() 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.Ī 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. A spokesperson for ICONIQ declined to comment. That gives the firm a deep reserve of dry powder as tech stocks - including ICONIQ portfolio companies like Snowflake and Datadog - crater. I can report that the fund - ICONIQ Strategic Partners VII- has been raised and totals $6 billion, according to a source. ICONIQ has been in the process of raising its seventh growth fund. ![]() The firm counts some of the wealthiest and most connected billionaires in the world as clients and consiglieres. ICONIQ Capital is the famous VC, which was founded in 2011.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 fund was located in North America if to be more exact in United States. The main department of described VC is located in the San Francisco. The usual cause for the fund is to invest in rounds with 5-6 partakers. Despite the ICONIQ Capital, startups are often financed by Index Ventures, Salesforce Ventures, Accel. The meaningful sponsors for the fund in investment in the same round are Salesforce Ventures, Lightspeed Venture Partners, Bessemer Venture Partners. In the next rounds fund is usually obtained by Battery Ventures, Bessemer Venture Partners, Wellington Management. Despite it in 2019 the fund had an activity. Considering the real fund results, this VC is 26 percentage points more often commits exit comparing to other organizations. The increased amount of exits for fund were in 2018. When the investment is from ICONIQ Capital the average startup value is more than 1 billion dollars. Deals in the range of more than 100 millions dollars are the general things for fund. The fund is constantly included in 7-12 deals per year. ![]() Comparing to the other companies, this ICONIQ Capital performs on 13 percentage points less the average number of lead investments. This organization was formed by Chad Boeding, Divesh Makan, Michael Anders. Besides them, we counted 7 critical employees of this fund in our database. The fund has no exact preference in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. Among the most successful fund investment fields, there are SaaS, Information Technology. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the most popular portfolio startups of the fund, we may highlight Flipkart, Epic Games, Datadog. Read more Related FundsĪdvertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads. Cookieįacebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.Ī cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website. Preference for high net worth investors: Although the firm says it can take on investors of any net worth, ICONIQ Capital’s clients usually have a net worth of at least $25 million and many are highly influential families and organizations.Performance-based fees: ICONIQ Capital charges performance-based fees, which can drive up the cost of investing.Īlong with its funds only being available to accredited investors, this suggests that ICONIQ Capital likely won’t be a suitable choice for most investors. Limited geographic footprint: ICONIQ Capital only has offices in two states in the U.S.: California and New York.On top of that, in the interest of trying to boost income, some managers might take additional risks. jurisdiction in California, New York, Florida and Texas. Which types of clients does ICONIQ Capital serve? Clients outside of these states won’t be able to work with the firm. ![]()
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