ICONIQ Growth Closes $5.75 Billion to Support the Next Generation of Exceptional Founders
2024年7月22日 - 10:00PM
ビジネスワイヤ(英語)
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
continues its strategy of partnering with exceptional founders and
an unmatched community to transform extraordinary ideas into
world-changing realities. The closing of this fund brings the total
capital commitments of ICONIQ Growth to $21 billion across all
funds raised since inception.
“Since ICONIQ began, our model has been centered around
cultivating a community of some of the world’s most influential
people, institutions, and foundations,” says ICONIQ founding
partner Divesh Makan. “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 Growth is dedicated to accelerating the success of its
portfolio companies through thousands of strategic connections and
hundreds of high-impact executive hires1 and deep expertise and
knowledge on how to scale market-defining companies. To date, the
firm has partnered with more than 140 exceptional companies across
stages, sectors, and geographies, with 27 IPOs2 and over $1.5
trillion in market capitalization3.
“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,” says
ICONIQ Growth founding partner Will Griffith. “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 has also continued to strategically expand its
senior leadership team to further support the firm’s growing
portfolio of category-defining technology companies. In recent
months, the firm 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). Additionally, 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.
“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,” says
ICONIQ Growth general partner Matt Jacobson. “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.”
About ICONIQ Growth
ICONIQ Growth is a venture and growth platform that partners
with visionaries defining the future of their industries to
transform the world. Our investment platform and unique ecosystem
helps amplify our portfolio companies’ success from the early
inflection point of product-market- fit to IPO and beyond. Our
portfolio includes Adyen, Airbnb, Alibaba, Alteryx, Automattic,
BambooHR, Braze, Chime, Collibra, Coupa, Datadog, Docusign, Gitlab,
Marqeta, Miro, Procore, Red Ventures, Relativity, ServiceTitan,
Snowflake, Sprinklr, Truckstop, Uber, Wolt, and Zoom, among
others4. For more information, please visit ICONIQGrowth.com.
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Note: All figures are as of 6/28/2024
unless noted otherwise.
1 The types, level and terms of services
and resources actually provided by ICONIQ Growth to portfolio
companies may vary.
2 IPOs also include other public listing
events, including direct listing (Warby Parker) and SPAC
(Hippo).
3 Represents the estimated total equity
value of ICONIQ Growth’s portfolio companies based on internal,
unaudited calculations. For active private companies, valuations
are as of 3/31/2024 or latest available. For active publicly traded
companies, valuations are as of 6/28/2024. For fully realized
investments, the valuations are at time of ICONIQ Growth’s
exit.
4 The full list of ICONIQ Growth’s
portfolio companies (except those subject to confidentiality
obligations) can be viewed at:
iconiqcapital.com/growth/companies.
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