Icon Ventures is an American venture capital firm located in Palo Alto, California, United States.
| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 2003 |
| Founder | Joe Horowitz |
| Headquarters | 505 Hamilton Ave , Palo Alto, California |
Area served | United States |
Key people | Joe Horowitz Tom Mawhinney Jeb Miller Preeti Rathi |
| Services | Financing |
| Parent | JAFCO |
| Website | www.iconventures.com |
History
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Icon Ventures was founded by Joe Horowitz in 2003 in Palo Alto, California under the name Jafco Ventures. The company rebranded as Icon Ventures in January 2015.[1] Until 2014, its capital was exclusively provided by JAFCO, a Japanese investment fund.[2]
In October 2017, Icon Ventures raised its sixth fund of $265M from a diversified group of investors.[3]
In October 2018, the firm announced an expansion of that fund to $375M.[4]
Business description
editIcon Ventures has historically funded early stage, and growth stage investments in private technology-based businesses.[5] Significant technology companies that it has backed include Bill.com,[6] Teladoc,[7] FireEye,[8] Palo Alto Networks,[9] and Proofpoint.[10]
Icon Ventures Fund I is currently listed as the 6th best performing fund of recent times in the sub-$250M category by Pitchbook.[11]
As of August 2021, its most recent lead investments were At Bay,[12] Nomad Health,[13] Timescale [14] and Quizlet.[15]
See also
editReferences
edit- ^ Gage, Deborah (January 26, 2015). "Jafco Rebrands As Icon Ventures". Wall Street Journal.
- ^ Gage, Deborah (November 22, 2013). "Three's a Charm: Hat Trick for Jafco Ventures". Wall Street Journal.
- ^ McBride, Sarah (October 11, 2017). "Icon Ventures Raises $265 Million Fund". Bloomberg.
- ^ Salinas, Sara (October 20, 2018). "Tech investor Joe Horowitz raises money to stay relevant in a world of megafunds and huge valuations". CNBC.
- ^ "Icon Ventures website". March 15, 2015.
- ^ Rao, Leena (June 16, 2010). "Bill.com raises another $8.5M to streamline business bill payments". Techcrunch.
- ^ Sullivan, Mark (September 23, 2014). "Teladoc raises $50M for telemedicine platform". Venturebeat.
- ^ Acohido, Byron (September 24, 2013). "Investors Lured By FireEyes Likely Explosive Growth". USA Today.
- ^ Kuchler, Hannah (February 20, 2014). "Google backs two more cyber security start-ups". Financial Times.
- ^ "Proofpoint Raises $28M". New York Times. February 28, 2008.
- ^ "The top sub-$250M VC funds". Pitchbook. May 16, 2016.
- ^ Katherine Chiglinsky (July 27, 2021). "Nomad Health lands $34M to double staff, open NC office". Bloomberg News.
- ^ Laura Lovett (August 15, 2019). "Nomad Health lands $34M to double staff, open NC office". Mobi Health News.
- ^ "Timescale announces $15M investment and new enterprise version of TimescaleDB". Techcrunch. January 29, 2019.
- ^ "Quizlet Raises $20 Million to Bring More Artificial Intelligence to Its Study Tools". Edsurge. Feb 6, 2018.