Icon Ventures is an American
venture capital firm
Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number ...
located in
Palo Alto, California
Palo Alto ( ; Spanish language, Spanish for ) is a charter city in northwestern Santa Clara County, California, United States, in the San Francisco Bay Area, named after a Sequoia sempervirens, coastal redwood tree known as El Palo Alto.
Th ...
,
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
.
History
Icon Ventures was founded by Joe Horowitz in 2003 in
Palo Alto, California
Palo Alto ( ; Spanish language, Spanish for ) is a charter city in northwestern Santa Clara County, California, United States, in the San Francisco Bay Area, named after a Sequoia sempervirens, coastal redwood tree known as El Palo Alto.
Th ...
under the name
Jafco Ventures. The company rebranded as Icon Ventures in January 2015.
Until 2014, its capital was exclusively provided by JAFCO, a Japanese investment fund.
In October 2017, Icon Ventures raised its sixth fund of $265M from a diversified group of investors.
In October 2018, the firm announced an expansion of that fund to $375M.
Business description
Icon Ventures has historically funded early stage, and growth stage investments in private technology-based businesses.
Significant technology companies that it has backed include
Bill.com
BILL Holdings, Inc. is an American company based in San Jose, California, that provides automated, cloud-based software for financial operations. A white-labeled, end-to-end payments automation platform, Bill.com Connect is offered to financial ...
,
Teladoc
Teladoc Health, Inc. is a multinational telemedicine and virtual reality, virtual preferred provider organization, healthcare company headquartered in the United States. Primary services include telehealth, medical opinions, artificial intellige ...
,
FireEye
Trellix (formerly FireEye and McAfee Enterprise) is a privately held cybersecurity company that was founded in 2022. It provides hardware, software, and services to investigate cybersecurity attacks, protect against malicious software, and ana ...
,
Palo Alto Networks
Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, California. The core product is a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to ...
,
and
Proofpoint.
Icon Ventures Fund I is currently listed as the 6th best performing fund of recent times in the sub-$250M category by Pitchbook.
As of August 2021, its most recent lead investments were At Bay,
Nomad Health
Nomad Health is an online marketplace that directly connects physicians, nurses, and medical facilities for healthcare jobs, without the involvement of third party employment agencies. Nomad Health is based in New York City.
Company history
No ...
,
Timescale
and
Quizlet
Quizlet is a multi-national American company that provides tools for studying and learning. Quizlet was founded in October 2005 by Andrew Sutherland, who at the time was a 15-year old student, and released to the public in January 2007. Quizlet ...
.
See also
*
Venture Capital
Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...
References
External links
Icon Ventures Homepage
{{Private equity and venture capital
Financial services companies established in 2003
Privately held companies based in California
Companies based in Palo Alto, California
Venture capital firms of the United States