ICONIQ Growth, ICONIQ’s venture and growth investing platform, announced the closing of $5.75 billion in capital commitments in its seventh and latest flagship fund.
With this fund, ICONIQ Growth plans to partner with exceptional founders and an unmatched community to transform extraordinary ideas into world-changing realities. The closing of this fund brings ICONIQ Growth’s total capital commitments to $21 billion across all funds raised since its founding.
ICONIQ Growth is focused on accelerating the success of its portfolio companies through thousands of strategic connections, hundreds of high-impact executive hires, and deep expertise and knowledge on scaling market-defining companies. So far, the firm has partnered with more than 140 exceptional companies across stages, sectors, and geographies, with 27 IPOs and over $1.5 trillion in market capitalization.
ICONIQ Growth has continued strategically expanding its senior leadership team to support its growing portfolio of category-defining technology companies. And in recent months, the firm also welcomed new partners Rob Bernshteyn (former Chairman and CEO of Coupa Software), Alex Gorsky (former Chairman and CEO of Johnson & Johnson), and Kamran Zaki (former COO of Adyen). Plus, ICONIQ Growth continues to invest in its distinctive capabilities in revenue generation, talent acquisition, data-driven operational insights, technical advisory, go-to-market advisory, and strategic events.
KEY QUOTES:
“Since ICONIQ began, our model has been centered around cultivating a community of some of the world’s most influential people, institutions, and foundations. Together, we learn, gain perspective, and create uncommon opportunities across sectors and society. We’re grateful for our community’s support helping visionary founders drive unimaginable global impact.”
– ICONIQ founding partner Divesh Makan
“When we founded ICONIQ Growth eleven years ago, we set out to partner with relentlessly ambitious founders from the early inflection point of product-market fit to IPO and beyond. Elevated by the vibrant community at our core, we harness our deep industry expertise, incredible network, and distinctive company-building capabilities to drive uncommon outcomes.”
– ICONIQ Growth founding partner Will Griffith
“This new fund reflects our community’s trust in our team and differentiated strategy as we enter a new golden age of inspiring ideas such as AI, reimagining technology through the lenses of cognition and reasoning in pursuit of expanding knowledge. We are committed to earning that trust every day through uncommon care and an unwavering ‘you’ve gotta want it’ spirit as we pour our entire selves into supporting the next generation of best-in-class emerging market leaders transforming the world for the better.”
– ICONIQ Growth general partner Matt Jacobson
