Growth equity, San Francisco

ICONIQ Capital

Venture capital firm · San Francisco · Founded 2011

Quick read

ICONIQ Capital, a hybrid family office and global investment firm, was founded in 2011 and is headquartered in San Francisco, CA. It serves ultra-high-net-worth clients from tech, finance, and entertainment — including early Facebook insiders — across wealth management, growth equity, venture capital, real estate, and philanthropy. Its ICONIQ Growth arm has deployed $14.7B across 130+ portfolio companies in 14 countries, backing enterprise software and AI companies from early growth through IPO.

Key facts

Founded
2011
Founders
Divesh Makan, Michael Anders, Chad Boeding
Employees
633
Sectors
generalist, enterprise, saas, ai
Website
iconiqcapital.com

Investment thesis

ICONIQ Growth backs exceptional enterprise software and AI companies at critical growth inflection points — from early traction through IPO — writing large checks (typically $100M+) into category leaders in SaaS, data infrastructure, and applied AI. The broader ICONIQ platform pairs these growth equity bets with wealth management, real estate, and philanthropy for an ultra-high-net-worth client base primarily from the tech industry.

Recent activity

  • Jun 2026press
    ICONIQ Impact launched the Child Survival Portfolio, a three-year $100 million commitment to 18 locally-led grantees working on nutrition, immunization, and frontline health services for children in Sub-Saharan Africa and South Asia. iconiq.com
  • Apr 2026investment
    Bloomberg reported ICONIQ has invested billions into AI startups, with Anthropic as the flagship bet. ICONIQ organized Anthropic CEO Dario Amodei's fundraising trip to the Middle East, connecting him with sovereign wealth funds including Qatar's and Abu Dhabi-based MGX. wealthmanagement.com
  • Apr 2026press
    Bloomberg published a profile of ICONIQ's deepening venture capital push, describing the firm's growing bets on AI companies including Anthropic, backed by capital from its network of billionaire and celebrity clients. bloomberg.com
  • Jul 2024fundraise
    ICONIQ Growth closed flagship fund ICONIQ Strategic Partners VII at $5.75 billion in committed capital, a significant increase over its prior flagship fund. Goodwin's Private Investment Funds team advised on the transaction. goodwinlaw.com
  • Jul 2024press
    Fortune published a detailed profile of ICONIQ Growth, featuring interviews with co-founder Divesh Makan and general partner Will Griffith, detailing the VC arm's origins and investment strategy. fortune.com
  • 2024leadership
    Roy Luo was promoted to general partner at ICONIQ Growth. He joined the firm in 2018 and had a background in capital markets and real estate before moving into technology investing. iconiq.com
  • Jun 2026investment
    ICONIQ participated in a $60M round for Conduct, a software modernization company, alongside SAP and Index Ventures. tracxn.com
  • May 2026investment
    ICONIQ co-invested in Astrocade, an AI game platform that raised nearly $400M and reached 20 million users, alongside Sequoia Capital and NinjaOne. tracxn.com
  • May 2026press
    Nine ICONIQ portfolio companies appeared on the Forbes 2026 AI 50 list: Anthropic, Databricks, ElevenLabs, Glean, Legora, Notion, OpenAI, OpenEvidence, and Sierra. linkedin.com
  • Feb 2026investment
    ICONIQ co-led or participated in an $80M round for Braintrust, an AI observability company, alongside Andreessen Horowitz and Temporal. tracxn.com
  • Feb 2026investment
    ICONIQ invested in Outtake, which raised $40M to build technology countering AI-driven impersonation. tracxn.com
  • 2026investment
    ICONIQ joined Ōura's cap table, backing the wearable health tracking company in an undisclosed round. linkedin.com

Notable investments

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

  • Doug Pepper · General Partner
    LinkedIn
  • Tengbo Li · General Partner
  • Seth Pierrepont · General Partner
    LinkedIn
  • Divesh Makan · Founding Partner
  • Will Griffith · Founding Partner
  • Matt Jacobson · General Partner
  • Yoonkee Sull · General Partner
  • Caroline Xie · General Partner

Sources

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Frequently asked

What is ICONIQ Capital?+

ICONIQ Capital, a hybrid family office and global investment firm, was founded in 2011 and is headquartered in San Francisco, CA. It serves ultra-high-net-worth clients from tech, finance, and entertainment — including early Facebook insiders — across wealth management, growth equity, venture capital, real estate, and philanthropy.

Where is ICONIQ Capital headquartered?+

ICONIQ Capital is headquartered in San Francisco, United States.

When was ICONIQ Capital founded?+

ICONIQ Capital was founded in 2011 by Divesh Makan, Michael Anders, Chad Boeding.

What sectors does ICONIQ Capital invest in?+

ICONIQ Capital focuses on generalist, enterprise, saas, ai. They primarily invest in these sectors.

How do I prepare for a meeting with ICONIQ Capital?+

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Generated by briefthecall.com from public web sources. Last updated August 6, 2026. Each claim is linked to its source above.

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