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

• Jan 2026investment
  ICONIQ participated in the Series B round of Outtake, a cybersecurity startup founded by ex-Palantir engineers that raised $40M with backing from Microsoft CEO Satya Nadella. tracxn.com
• Jan 2026press
  ICONIQ named as one of seven VC firms partnering with Bain & Company on an AI innovation initiative. tracxn.com
• Jan 2026product
  ICONIQ published its '2026 AI State: Execution Era Begins' report, outlining where AI investment and enterprise adoption stand heading into 2026. linkedin.com
• Jan 2026product
  ICONIQ released its '2026 State of Go-to-Market' report, a benchmark resource for enterprise SaaS operators and founders. linkedin.com
• 2025press
  General Partner Doug Pepper highlighted ICONIQ's continued backing of Writer, an enterprise AI company first invested in 2023, noting its focus on AI deployments inside large regulated enterprises. linkedin.com
• Aug 2024fundraise
  Seth Pierrepont announced ICONIQ's seventh flagship fund close on LinkedIn. linkedin.com
• 2024press
  ICONIQ Impact awarded a $12M grant through the Maternal & Infant Health Award competition, run in partnership with Lever for Change and The Patchwork Collective. linkedin.com

Notable investments

• OuttakeSeries BJan 2026tracxn.com
• WriterGrowth2023linkedin.com
• DrataGrowth2023linkedin.com
• FivetranSeries D2021linkedin.com
• dbt LabsSeries C2021linkedin.com
• Madison Realty CapitalStrategic MinorityJun 2022growthequityinterviewguide.com
• AirbnbGrowthPre-IPOtracxn.com
• RobinhoodGrowthPre-IPOtracxn.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

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Explore VCs by sector

• SaaS in United States
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Globally

• SaaS worldwide
• Enterprise software worldwide

Frequently asked