ICONIQ Growth

ICONIQ Growth is the dedicated growth equity platform of ICONIQ Capital, a multi-family office and investment firm based in San Francisco. Distinguished by its origins in managing the wealth of prominent tech founders and executives, ICONIQ Growth leverages an unparalleled network to partner with market-leading technology companies. The firm is known for its long-term, entrepreneur-centric approach, aiming to support companies through significant growth phases and beyond. Their unique ecosystem provides portfolio companies with access to strategic insights, talent, and potential customers from their extensive network of industry leaders.

The firm primarily focuses on growth-stage investments, targeting companies that have achieved product-market fit and are poised for significant scaling. Their investment thesis spans across various high-growth technology sectors, including enterprise software, fintech, healthcare IT, and consumer internet. ICONIQ Growth seeks out businesses with strong fundamentals, visionary leadership, and disruptive potential, often taking significant minority stakes. They emphasize a partnership model, providing operational support and strategic guidance rather than just capital, helping founders navigate complex growth challenges.

ICONIQ Growth operates at a substantial scale, reflecting its commitment to backing transformative companies. In 2022, the firm announced the close of ICONIQ Growth Fund VIII with $2.6 billion in capital commitments, alongside ICONIQ Strategic Partners VIII with $5.75 billion. This brought their total capital raised across their growth equity funds to over $13 billion. Their typical first check size for new investments generally ranges from approximately $25 million for earlier growth rounds up to $250 million for more mature, larger-scale opportunities, demonstrating their capacity to lead or co-lead significant funding rounds.

The firm's impressive portfolio includes a roster of highly successful and impactful technology companies such as Snowflake, Datadog, GitLab, Zoom, and Adyen. These investments underscore ICONIQ Growth's ability to identify and nurture companies that are shaping their respective industries globally. Their strategic capital, combined with deep industry expertise and a powerful network, positions them as a formidable partner for entrepreneurs driving innovation and change worldwide.