The ICONIQ Growth fund raised, according to various estimates, between $5.21 (SEC data) and $5.75 billion (market sources), thus achieving the announced goal in 2022.
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ICONIC Growth is a venture capital firm that specializes in backing technology companies from early growth to IPO, TechCrunch recalls.
The fund’s investment platform uses the capabilities of the ICONIQ Capital ecosystem, which manages the capital of some of the world’s richest technology people, such as Mark Zuckerberg and Jack Dorsey, to fund startups.
In 2023, ICONIQ Growth invested $1.1 billion in 22 technology companies, and the fund’s portfolio includes startups such as Drata, Canva, Ramp, ServiceTitan, Writer, etc. The fund plans to support up to 25 companies by 2024.
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Ekaterina Alipova
Source: RB
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