What ICONIQ Capital does

ICONIQ Capital, LLC is a privately-held global investment firm headquartered at 50 Beale St., San Francisco, with offices in New York, Palo Alto, London, and Singapore, and additional operations in Japan. Founded in 2011 and SEC-registered as an investment adviser (with parallel FCA-authorized and MAS-regulated entities), ICONIQ manages over $100 billion in assets under management across four operating divisions: (1) Investment Management, providing wealth and portfolio management for institutional and high-net-worth clients; (2) Real Assets, investing in technology-driven real estate, data centers, and infrastructure; (3) Venture & Growth (the largest public-facing arm with ~$26B in VC AUM), backing private technology companies from seed through pre-IPO and beyond; and (4) ICONIQ Impact, a collaborative philanthropy platform that has mobilized more than half a billion dollars through Co-Labs (Climate Equity, Youth Mental Wellbeing, Women's Health, Education & Economic Mobility, Ocean) and Awards (Stronger Democracy, Maternal & Infant Health, Larsen Lam for Refugees). The firm is led by founding partners Will Griffith and Michael Anders, with a broader General Partner bench including Seth Pierrepont, Tengbo Li, Murali Joshi, Amit Agarwal, Yoonkee Sull, and Rob Bernshteyn (former CEO of Coupa), supported by an advisory bench of former operators from Airbnb, Dropbox, Atlassian, Procore, and Sprinklr.

ICONIQ's investment model centers on leading or co-leading rounds in category-defining technology companies across AI, fintech, infrastructure, and consumer. Recent marquee activity includes leading Anthropic's $13B Series F (September 2025), co-leading its $30B Series G (February 2026) and $65B Series H at a $965B post-money valuation (May 2026), tripling its investment in ElevenLabs' $500M Series D (February 2026), co-leading Ramp's $750M Series F at $44B (June 2026), and leading Quince's $500M Series E, Glean's $260M Series D, Legora's $550M Series C, and a broad seed-to-Series B AI portfolio (Braintrust, Grotto AI, Adaptive ML, Whirl AI, Omni, Outtake, Standard Template Labs). Revenue is generated primarily through management fees on AUM and carried interest on successful realizations, with the firm's September 2025 Netskope IPO providing a notable venture liquidity event. Research and content products — the State of AI Bi-Annual Snapshot (~300 executive survey), the From Org Charts to Outcomes talent report, the ICONIQ Compass data platform, and the Enterprise Five KPI framework — support deal sourcing and founder engagement. The firm does not offer public APIs or software products; its technology use is limited to embedded ElevenLabs text-to-speech for content distribution and proprietary research tooling.

Name

ICONIQ Capital

Legal name

ICONIQ Capital, LLC

Website

https://iconiq.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

251–500 employees

Short description

ICONIQ Capital is a privately-held global investment firm managing over $100B in assets across wealth management, real assets, venture and growth equity, and philanthropy. It leads and co-leads large rounds in category-defining technology companies, notably Anthropic, ElevenLabs, and Ramp.

Ownership category

akta.pro rank

Product category

Asset Management & Private Investment

NAICS

Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282)

akta.pro primary industry

Technology & Software Growth Equity (FSANACAA)

akta.pro secondary industries

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE), Large-Cap / Mega-Fund Buyout (FSANABAA), Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Venture capital investing
• Growth equity funds
• Wealth management services
• Private equity firm
• Impact philanthropy

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Investment management fees and carried interest: As a global investment firm, ICONIQ Capital generates revenue primarily through management fees on assets under management and carried interest (performance fees) from successful investments across its venture, growth, and private equity funds. Revenue is recurring in nature (management fees) and performance-based (carried interest).

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

ICONIQ Capital is a global investment firm managing over $100 billion in assets under management across four divisions: Investment Management (wealth advisory for HNW and institutional clients), Venture & Growth (tech-focused direct investment with ~$26B VC AUM), Real Assets (investments in technology-driven infrastructure and real estate), and Impact (collaborative philanthropy via Co-Labs and Awards). Revenue is generated through management fees on assets under management and carried interest from successful investments across its venture, growth, and private equity funds.

Product overview

ICONIQ Capital is a global investment firm (not a software vendor) structured as a platform-plus-divisions architecture under the parent ICONIQ brand. Its core service platform encompasses four business divisions: (1) Investment Management, delivering wealth and portfolio management for high-net-worth and institutional clients; (2) Real Assets, investing in technology-driven real estate and infrastructure opportunities; (3) Venture & Growth, the tech-focused direct investment arm with ~$26B in VC AUM that backs companies such as Anthropic, ElevenLabs, Glean, Legora, Lead Bank, Netskope, Outtake, Ramp, Sierra, and Whirl AI; and (4) ICONIQ Impact, the collaborative philanthropy platform operating sub-programs including the Climate Equity Co-Lab, Youth Mental Wellbeing Co-Lab, Women's Health Co-Lab, Education & Economic Mobility Co-Lab, Ocean Co-Lab, Stronger Democracy Award, Larsen Lam ICONIQ Impact Award, and Maternal & Infant Health Award. Underpinning the ICONIQ Venture & Growth offering is a research and insights product line, including the ICONIQ State of AI Bi-Annual Snapshot, the From Org Charts to Outcomes talent report, the ICONIQ Enterprise Five KPI framework, the ICONIQ Growth Insights Blog, and the ICONIQ Compass data platform, which together synthesize survey data from ~300 executives and the ICONIQ Community into research for portfolio companies and founders. Regulatory disclosures (Form CRS / Form ADV Part 3) are published as a separate client-facing artifact for ICONIQ Capital, LLC.

Differentiator

Problem solved

Functional benefit

Brands

• ICONIQ Venture & Growth: Tech-focused direct investment effort affiliated with ICONIQ, focused on venture and growth equity investments.
• ICONIQ Impact
• ICONIQ Real Assets

Products and services

• ICONIQ Investment Management Wealth and investment management services for institutional and professional clients, delivering investment portfolios by harnessing the differentiated capital and strategic strength of the ICONIQ community.
• ICONIQ Real Assets Investments in the built environment where technology disruption creates scalable opportunities, including data centers, real estate, and infrastructure.
• ICONIQ Venture & Growth Tech-focused direct investment effort partnering with visionaries defining the future of their industries at critical inflection points, from inception through IPO and beyond, with approximately $26 billion in VC AUM.
• ICONIQ Impact Global platform for collaborative philanthropy, convening philanthropists to tackle complex challenges through Co-Labs, Awards, and Philanthropic Advisory services, having mobilized over half a billion dollars.
• ICONIQ Compass Data and research platform providing insights, analytics research, and market trends for the ICONIQ Venture & Growth practice and portfolio companies.
• ICONIQ Form CRS / Form ADV Part 3 Regulatory disclosure documents (Client Relationship Summary, Form ADV Part 3) for ICONIQ Capital, LLC, made available to professional clients in compliance with SEC requirements.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability7 records

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Direct peers

• Sequoia Capital: One of the world's largest venture and growth firms, leading and co-leading mega-rounds across AI (including ElevenLabs Series D), with a similarly broad stage coverage from seed to growth and a strong founder brand. Most directly comparable peer to ICONIQ Growth.
• Andreessen Horowitz (a16z): Multi-stage venture and growth firm with a $40B+ AUM platform spanning bio, crypto, and AI; competes with ICONIQ for the same enterprise-AI founder relationships and has co-invested in several rounds. Highly comparable in stage coverage, fund size, and brand.
• Tiger Global Management: Scaled crossover/growth investor known for leading or co-leading mega-rounds in private tech companies. Directly comparable to ICONIQ Growth in stage focus, cheque size, and AI/fintech concentration.
• General Atlantic: Global growth equity firm investing across technology, financial services, and consumer, with comparable late-stage cheque sizes and a long-duration hold model. Strongest direct peer in the growth-equity niche alongside ICONIQ Growth.
• Coatue Management: Tech-focused crossover investor co-leading Anthropic Series G and H alongside ICONIQ. Directly comparable in AI/enterprise-software concentration and mega-round cheque profile.
• Insight Partners: Large-scale growth and venture firm focused on enterprise software and AI, with comparable late-stage cheque sizes and a research-driven value-add model similar to ICONIQ's Enterprise Five and State of AI outputs.
• Lightspeed Venture Partners: Multi-stage global venture and growth firm participating in AI mega-rounds (Anthropic Series H), with comparable stage range from seed to growth and similar enterprise-software focus.
• DST Global: Late-stage crossover investor focused on internet and software companies globally; competes with ICONIQ Growth for ownership in late-stage private tech companies and operates with a similar secondary-friendly entry approach.

Broad incumbents

• KKR (Technology Growth): Large global alternatives platform with a dedicated technology growth strategy alongside PE and infrastructure. Comparable to ICONIQ's combined Growth + Real Assets platform but operates at substantially broader scale and across more sectors.
• TPG Capital (TPG Growth): Diversified alternatives manager with a dedicated growth equity arm and capital solutions franchise. Comparable to ICONIQ in growth-stage deployment but with broader sector coverage (healthcare, climate, business services) that ICONIQ lacks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks7 records

Key highlights8 records

Customer concentration

• Xx.com/iconiqcapital
• LinkedInlinkedin.com/company/iconiq-capital-llc

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments138 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICONIQ Capital