Iconiq Growth, a venture capital firm from Silicon Valley, recently made headlines with a whopping $5.8 billion startup investment. Closely associated with Makan, Divesh, its founder, and Dave Goldberg, former CEO of SurveyMonkey, Iconiq Growth has exhibited significant financial clout and a reputation as a venture capital powerhouse.
Goldberg left a sizable impact on Iconiq Capital’s strategy and ethos. His approach to company and community interaction informed Makan’s view of partnership building, guiding Iconiq Capital’s trajectory and the essence of business as a mutual growth opportunity rather than a mere financial exercise.
Founded in 2013 under Goldberg, Iconiq Growth experienced rapid growth and expansion, recruiting key staff and securing early deals. Its recent seventh fund, standing at $5.75 billion, indicates a 42% growth from the previous round.
Despite market fluctuations, Iconiq Growth has excelled in securing early-stage deals, especially in emerging sectors like AI. It continues to outshine competitors like Khosla Ventures, Andreessen Horowitz, and Sequoia Capital.
Ironic to its public successes, Iconiq Growth prefers to remain discreet, a characteristic of Founder Divesh Makan.
Iconiq Growth’s strategic tech investments
With connections to Iconiq Capital, they collectively manage around $80 billion for a select group of less than 300 wealthy and influential families – such as Mark Zuckerberg and Jack Dorsey.
Iconiq Growth, in its specialization in tech investments, possesses a robust portfolio of numerous startups that have developed into leading companies. Their successful ventures range from cloud-based data warehousing startup Snowflake to ride-sharing conglomerate Uber.
Despite its impressive track record, Iconiq Growth remains committed to its low-profile approach. Its adherence to privacy extends to its select list of high-necessity clients. Thus, as Iconiq Growth manages a massive amount of wealth, their reputable and exclusive nature shines
Finally, while Iconiq Capital houses diverse domains of specialists – from tax planning to philanthropy, with a good number focusing on Iconiq Growth – the underlying commitment to privacy and discretion remains key. Thus, the venture capital firm continues its journey, supported by its unique mix of strategic investments, discretion, and exclusive clientele.
