Icon Ventures

Last updated
Icon Ventures
Company type Private
Industry Venture capital
Founded2003
FounderJoe Horowitz
Headquarters
505 Hamilton Ave
Palo Alto, California
,
USA
Area served
United States
Key people
Joe Horowitz
Tom Mawhinney
Jeb Miller
Preeti Rathi
ServicesFinancing
Parent JAFCO
Website www.iconventures.com

Icon Ventures is an American venture capital firm located in Palo Alto, California, United States.

Contents

History

Jafco 2014. Front row: David Scott, Joe Horowitz, Will Harbin Joe Horowitz, Jafco (15606043812).jpg
Jafco 2014. Front row: David Scott, Joe Horowitz, Will Harbin

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]

See also

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References

  1. Gage, Deborah (January 26, 2015). "Jafco Rebrands As Icon Ventures". Wall Street Journal.
  2. Gage, Deborah (November 22, 2013). "Three's a Charm: Hat Trick for Jafco Ventures". Wall Street Journal.
  3. McBride, Sarah (October 11, 2017). "Icon Ventures Raises $265 Million Fund". Bloomberg.
  4. Salinas, Sara (October 20, 2018). "Tech investor Joe Horowitz raises money to stay relevant in a world of megafunds and huge valuations". CNBC.
  5. "Icon Ventures website". March 15, 2015.
  6. Rao, Leena (June 16, 2010). "Bill.com raises another $8.5M to streamline business bill payments". Techcrunch.
  7. Sullivan, Mark (September 23, 2014). "Teladoc raises $50M for telemedicine platform". Venturebeat.
  8. Acohido, Byron (September 24, 2013). "Investors Lured By FireEyes Likely Explosive Growth". USA Today.
  9. Kuchler, Hannah (February 20, 2014). "Google backs two more cyber security start-ups". Financial Times.
  10. "Proofpoint Raises $28M". New York Times. February 28, 2008.
  11. "The top sub-$250M VC funds". Pitchbook. May 16, 2016.
  12. Katherine Chiglinsky (July 27, 2021). "Nomad Health lands $34M to double staff, open NC office". Bloomberg News.
  13. Laura Lovett (August 15, 2019). "Nomad Health lands $34M to double staff, open NC office". Mobi Health News.
  14. "Timescale announces $15M investment and new enterprise version of TimescaleDB". Techcrunch. January 29, 2019.
  15. "Quizlet Raises $20 Million to Bring More Artificial Intelligence to Its Study Tools". Edsurge. Feb 6, 2018.