ICONIQ Capital

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 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
• 2026leadership
  General Partner Yoonkee Sull was named to the Forbes 30 Under 30 list in Venture Capital. linkedin.com
• Apr 2026investment
  Bloomberg reported ICONIQ has been deploying billions into AI startups, with the firm organizing a fundraising trip to the Middle East for Anthropic CEO Dario Amodei to meet sovereign wealth funds including Qatar's and Abu Dhabi-based MGX. The piece framed ICONIQ's VC arm as increasingly central to its strategy. wealthmanagement.com
• Mar 2026investment
  Standard Template Labs raised a $49M seed round with ICONIQ Capital participating alongside CRV. tracxn.com
• Feb 2026investment
  Braintrust raised $80M with ICONIQ Capital co-investing alongside Andreessen Horowitz and Temporal, among others, to build out AI observability tooling. tracxn.com
• Feb 2026investment
  Grotto AI secured $10M with ICONIQ Capital backing to develop real estate AI targeting vacancy reduction. tracxn.com
• Jul 2025investment
  ICONIQ led a $5B funding round for Anthropic, pushing the AI company's valuation to $170B. applyingai.com

Notable investments

• ConductundisclosedJun 2026tracxn.com
• AstrocadeundisclosedMay 2026tracxn.com
• BraintrustundisclosedFeb 2026tracxn.com
• OuttakeundisclosedFeb 2026tracxn.com
• Ōuraundisclosed2026linkedin.com
• HightouchSeries Dundisclosedtracxn.com
• Standard Template LabsSeedMar 2026tracxn.com
• BraintrustGrowthFeb 2026tracxn.com
• Grotto AISeedFeb 2026tracxn.com
• AnthropicGrowthJul 2025applyingai.com
• OuttakeSeries BJan 2026tracxn.com
• WriterGrowth2023linkedin.com

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

• Iconiq Capital – Wikipedia
• ICONIQ | Home
• ICONIQ | Venture & Growth
• ICONIQ Growth | LinkedIn
• ICONIQ Capital – Tracxn
• ICONIQ Capital – Crunchbase
• Why ICONIQ Capital – Growth Equity Interview Guide
• https://www.wealthmanagement.com/artificial-intelligence/iconiq-go-to-wealth-adviser-for-tech-s-elite-is-putting-billions-into-ai
• https://tracxn.com/d/venture-capital/iconiqcapital/__9HXetqmbnME7d6t4QTGwnlx0V-UNqQmwDeaGenYLU3E
• https://applyingai.com/tag/iconiq-capital/
• https://www.linkedin.com/company/iconiq-capital-llc
• https://www.linkedin.com/in/yoonkeesull/

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