Icon Ventures
From Wikipedia, the free encyclopedia
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
Icon 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]