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ICONIQ Growth

USGBDEFRNLSESGAUINCNHKOtherB2B SaaSAI/MLFintechEnterpriseHealthtechCybersecurityMarketplacesConsumer

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Investment thesis

ICONIQ Growth partners with exceptional founders and category-defining companies at the early inflection point of product-market fit, supporting them through IPO and beyond. Launched in 2013 as the venture and growth equity arm of ICONIQ Capital, the firm leverages a vibrant ecosystem of founders, pioneers, and business leaders to deliver tangible value and amplify portfolio companies' success. As stated in their seventh fund announcement: 'We remain steadfast in our mission: to partner with relentlessly ambitious founders early in their journey to build category-leading companies that define the horizon.' The firm focuses on technology businesses—particularly enterprise SaaS, AI, and fintech—that are 'challenging the status quo' and have demonstrated strong unit economics and product-led growth. With $5.75B raised in its seventh flagship fund (bringing total committed capital to $21B across all funds), ICONIQ Growth invests in 20–25 companies per fund, typically leading or co-leading rounds at the Series B/C stage and beyond. The firm differentiates through deep operational support—including revenue generation, talent acquisition, data-driven insights, and go-to-market advisory—backed by a proprietary network of 1,500+ software operators and the broader ICONIQ Capital community of influential families and technology leaders.

Notable quotes

We remain steadfast in our mission: to partner with relentlessly ambitious founders early in their journey to build category-leading companies that define the horizon. We believe great companies are forged during times of transition, and we are entering a new golden age of inspiring ideas such as in artificial intelligence.

Will Griffith · ICONIQ Growth Seventh Flagship Fund Announcement, iconiq.com · 2024-07-22

We have been with this business since 2017 and haven't sold a share.

Will Griffith · Seedlist.com profile of Will Griffith

ICONIQ stepped in at an early stage and supported us for the duration. When I joined Snowflake, the team helped us connect with potential customers and open important doors. Nothing was too much to ask of them. They have been a terrific partner along the way.

Frank Slootman · Frank Slootman testimonial, iconiq.com/growth

Team

Doug Pepper

General Partner

B2B SaaSEnterprise

Kelsey McGregor

Principal

EnterpriseB2B SaaS

Matthew Jacobson

General Partner

EnterpriseB2B SaaSAI/ML

Seth Pierrepont

General Partner

B2B SaaSAI/ML

Will Griffith

Founding Partner, Venture and Growth

EnterpriseB2B SaaSAI/ML

Yoonkee Sull

General Partner

FintechEnterprise

Recent investments

CompanyRoundSizeDate
AnthropicSeries F$13.0b2025-06-01
RampGrowth$500m2025-07-01
ElevenLabsSeries C$250m2025-01-01
SnowflakeSeries B2017-01-01
DatadogSeries D2019-07-01
CanvaSeries E2021-01-01
GleanSeries E2024-06-01
SierraGrowth$350m2025-09-01
DatabricksGrowth$10.0b2024-12-01
LegoraSeries B$80m2025-05-01

Frequent co-investors

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