Icon Ventures is an American
venture capital firm
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which hav ...
located in
Palo Alto, California
Palo Alto (; Spanish language, Spanish for "tall stick") is a charter city in the northwestern corner of Santa Clara County, California, United States, in the San Francisco Bay Area, named after a Sequoia sempervirens, coastal redwood tree kno ...
,
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
.
History
Icon Ventures was founded by Joe Horowitz in 2003 in
Palo Alto, California
Palo Alto (; Spanish language, Spanish for "tall stick") is a charter city in the northwestern corner of Santa Clara County, California, United States, in the San Francisco Bay Area, named after a Sequoia sempervirens, coastal redwood tree kno ...
under the name
Jafco Ventures
, abbreviated as JAFCO is a investment holding company headquartered in the Toranomon district of Minato-ku, Tokyo, Japan. It is listed on the First Section of the Tokyo Stock Exchange. JAFCO is considered to be the oldest as well as largest Vent ...
. 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,
Teladoc
Teladoc Health, Inc. is a multinational telemedicine and virtual healthcare company headquartered in the United States. Primary services include telehealth, medical opinions, AI and analytics, telehealth devices and licensable platform servic ...
,
FireEye
Trellix (formerly FireEye and McAfee Enterprise) is a privately held cybersecurity company founded in 2022. It has been involved in the detection and prevention of major cyber attacks.
It provides hardware, software, and services to investigat ...
,
Palo Alto Networks
Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, California. The core products 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
Nom ...
,
Timescale
and
Quizlet
Quizlet is a multi-national American company that provides tools for studying and learning. It was founded by Andrew Sutherland in October 2005 and released to the public in January 2007. Quizlet's primary products include digital flash cards, ...
.
See also
*
Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...
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