Summary List Placement
Over the past few years, Iconiq Capital has built out a venture-capital investment arm, tying its fortunes ever more tightly to the technology industry that built its business. It’s going very well.
By the end of 2020, VC unit Iconiq Growth had invested more than $5.4 billion across dozens of startups, investments that were by then worth more than $23 billion on paper, according to internal documents from the firm’s five Iconiq Strategic Partners funds shared with Insider by a source.
Insider obtained the documents as part of a deep investigation into Iconiq, its business clients, finances, and culture, which you can read here.
Additional documentation, from June 30, 2020, showed that the firm had invested in 75 companies, including Tencent and Zoom, across its first four funds by the middle of last year and has already seen some smash hits. Snowflake’s September 2020 initial public offering, which valued the data-warehousing company at $33 billion, was then the biggest US software IPO, and Iconiq owned 14% of the company as it went public.
Iconiq is something of a newcomer to the VC game. The firm began as a family office, most famously managing Facebook CEO Mark Zuckerberg’s money. Its clients now include Apple’s Eddy Cue, SPAC-king Chamath Palihapitiya, and Hollywood royalty like Tom Hanks and Will Smith.
Here are all the startups that Iconiq has invested in through its five Iconiq Strategic Partners VC funds, and the values of the investments. Click on the different funds to see all the startups in the portfolio and the amount of money that Iconiq invested.
You can read Insider’s full feature story about the rise of Iconiq and its uber-connected founder Divesh Makan by clicking here.