ICONIQ Growth Secures $5.75 Billion for Seventh Flagship Fund
Leading Global Growth Firm to Fuel Future Innovations and Scale Transformative Businesses
San Francisco, CA – March 8, 2023 – ICONIQ Growth, the global growth equity firm, today announced the successful fundraising of $5.75 billion for its seventh flagship fund, ICONIQ Growth Fund VII. With this new fund, ICONIQ Growth strengthens its commitment to investing in the world’s most promising technology companies and supporting their growth and impact.
Investment Approach
ICONIQ Growth’s investment approach combines deep operational expertise, global reach, and a focus on long-term value creation. The firm invests in companies across various stages of growth, from early-stage ventures to established category leaders. ICONIQ Growth Fund VII will primarily target investments in the following areas:
- Cloud computing and infrastructure
- Artificial intelligence (AI) and machine learning
- Digital health
- Fintech
- Consumer互联网
Proven Track Record
ICONIQ Growth has a proven track record of success, having invested in over 500 companies globally. Notable investments include Airbnb, Alibaba, DoorDash, SpaceX, Spotify, and Stripe. The firm’s previous flagship fund, ICONIQ Growth Fund VI, raised $4.75 billion in 2020.
Global Infrastructure
With offices in San Francisco, New York, Paris, London, and Tokyo, ICONIQ Growth has a global infrastructure that allows it to identify and support the best technology companies around the world. The firm’s team of experienced investors and operators brings a deep understanding of the technology industry and a commitment to partnering with entrepreneurs to drive growth.
Continuing Commitment
The successful fundraising of ICONIQ Growth Fund VII reflects the firm’s continued commitment to investing in the future of technology. ICONIQ Growth believes that the current market environment presents significant opportunities for companies that are positioned at the forefront of innovation and disruption.
Unwavering Support
As ICONIQ Growth deploys capital from its new fund, the firm will continue to provide unwavering support to its portfolio companies. ICONIQ Growth is known for its operational playbook, which offers a comprehensive suite of resources and expertise to help its investments scale rapidly and effectively.
Kind regards,
G. Smith