2025 in Review

W e believe in the builders, the ICONIQ Community of visionary founders and leaders reimagining what’s possible.

Building on years of accelerating progress, 2025 brought AI into the foreground, no longer an emerging promise, but a powerful force transforming how many create and connect. The pace is relentless, but so is the potential. We see this moment as a catalyst for incredible opportunity. 

We’re grateful to partner with those companies we believe are taking us into this new age, while staying grounded in the principles that define us.

Our Partnerships

Partnering with category-leading companies from inception to IPO and beyond.

In 2025 we invested $4.8B of capital in 48 companies, including:1
New investments2
Follow on investments
Uncommon Care

We help our founders forge meaningful relationships and gain unique perspectives crucial for building enduring companies.

Drove
3225+
Strategic and commercial introductions7
Hosted
58
intimate sessions, giving portfolio companies the opportunity to present directly to leading enterprises 
Advised on
120+
executive and board level searches
Helped close executive searches
65
days faster with high ICONIQ Leadership Advisory involvement
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“The customer introductions have been incredibly valuable. ICONIQ's relationships are truly deeper.”

Bret Taylor, Co-founder and CEO, Sierra5
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“Even before investing, ICONIQ helped us with intros to enterprise partners and top industry talent. When we were hiring a GM in Japan, they delivered the best reference check I’ve ever received overnight. ICONIQ is exactly the long-term partner we want for the next 10–20 years.”

Mati Staniszewski, Co-founder and CEO, ElevenLabs6
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“ICONIQ is uniquely global and deeply connected — whenever we need access to a key account or CXO, they find a creative way to make it happen. They’re authentic, hands-on partners who bring unmatched analytical depth and integrity, going far beyond high-level advice to deliver insights and impact that truly help us build”

Sanjay Beri, Founder & CEO, Netskope5
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Uncommon Community

We believe in the power of convening industry leaders across sectors and society to help unlock potential.

Added
1225+
New high-impact relationships to our growing community
Hosted
100+
Dinners and events hosted across 20 cities around the
world
ICONIQ Ascent 2025
Bringing together portfolio CEOs and the ICONIQ community to exchange candid insights on leadership and making AI a strategic advantage.
ICONIQ Frontier: An AI Forum
Convening 200+ founders and executives to examine the evolving AI landscape, from scaling and safety to enterprise adoption.
Highlights from the Stage
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IMPACTFUL INSIGHTS

We empower our portfolio companies with data-driven insights to inform decision-making across business operations and strategy.

Integrated
70k+
financial and operating data points into our proprietary dataset, fueling expanded benchmarking in Compass and robust analytics across reports
Delivered
330+
custom analytics projects, translating complex financial and operating data into clear, actionable insights across the portfolio
With Compass, you can compare your metrics with ICONIQ’s  benchmarks, explore industry insights, and download custom reports for your Board meetings or fundraising efforts.
News

Highlighting key moments and milestones of the year.

Notes

[1] Invested capital reflects the amount of capital invested by ICONIQ’s venture and growth platform only and does not include investment gains or losses, leverage (if any), fees and expenses or exited investments.

[2] These companies represent the full list of companies that ICONIQ Venture and Growth has invested in in 2025 through ICONIQ Strategic Partners funds as of the date these materials were published (except those subject to confidentiality obligations or companies for which the issuer has not provided permission for ICONIQ Venture and Growth to disclose publicly). Further, the list of companies may not reflect the most recent ICONIQ Venture and Growth investments. For the complete list of all publicly available ICONIQ Venture and Growth investments, please see https://www.iconiqcapital.com/growth/companies. Trademarks are the property of their respective owners. None of the companies illustrated have endorsed or recommended the services of ICONIQ.

[3] Introductions refer to all of the introductions ICONIQ facilitated in 2025. These introductions include customer leads, strategic partnerships, search firms, potential investors, board member candidates, advisors, and third party vendors.

[4] Based on portfolio company executive search data available to ICONIQ, on average searches closed 65 days faster where ICONIQ joined the search committee vs where we did not.

[5] The statements provided herein are made by certain founders, executives, employees or owners (“Portfolio Company Personnel”) of an ICONIQ portfolio company and may be deemed to be “testimonials.” Such Portfolio Company Personnel are not ICONIQ personnel but are ICONIQ advisory clients or fund investors. An ICONIQ fund’s investment in the portfolio company in which Portfolio Company Personnel may be employed by or hold an equity interest in creates a conflict of interest, because it incentivizes Portfolio Company Personnel to present ICONIQ in a favorable light. Portfolio Company Personnel have not been directly or indirectly compensated for making the statements provided.

[6] The statements provided herein are made by certain founders, executives, employees or owners (“Portfolio Company Personnel”) of an ICONIQ portfolio company and may be deemed to be “endorsements.” Such Portfolio Company Personnel are not ICONIQ personnel or ICONIQ advisory clients or fund investors. An ICONIQ fund’s investment in the portfolio company in which Portfolio Company Personnel may be employed by or hold an equity interest in creates a conflict of interest, because it incentivizes Portfolio Company Personnel to present ICONIQ in a favorable light. Portfolio Company Personnel have not been directly or indirectly compensated for making the statements provided.

[7] High-impact relationships refers to the number of new people the ICONIQ Venture & Growth portfolio engagement team added to its network.

[8] The 30 Under 30 honorees were selected by Forbes Media, which is not affiliated with ICONIQ; nominations were solicited from industry participants (including ICONIQ). No nomination or publication fees were required.

Note: Information on this page presents information relating to ICONIQ’s venture and growth platform.

Disclaimer

The views expressed in herein are those of ICONIQ Growth ("ICONIQ" or the "firm"), are the result of proprietary research, may be subjective, and may not be relied upon in making an investment decision.  

This website is for general information purposes only and does not constitute investment advice.  This website must not be relied upon in connection with any investment decision.  The information herein is not intended to and does not constitute financial, accounting, tax, legal, investment, consulting or other professional advice or services.  Nothing herein is or should be construed as an offer, invitation or solicitation to engage in any investment activity or transaction, including an offer to sell or a solicitation of an offer to buy any securities which should only be made pursuant to definitive offering documents and subscription agreements, including without limitation, any investment fund or investment product referenced herein.  

Any reproduction or distribution of this website in whole or in part, or the disclosure of any of its contents, without the prior consent of ICONIQ, is strictly unauthorized.  

This website may contain forward-looking statements based on current plans, estimates and projections.  The recipient of this information ("you") are cautioned that a number of important factors could cause actual results or outcomes to differ materially from those expressed in, or implied by, the forward-looking statements.  The numbers, figures and case studies included herein have been included for purposes of illustration only, and no assurance can be given that the actual results of ICONIQ or any of its partners and affiliates will correspond with the results contemplated on this website.  No information is contained herein with respect to conflicts of interest, which may be significant.  The portfolio companies and other parties mentioned herein may reflect a selective list of the prior investments made by ICONIQ.  

Certain of the economic and market information contained herein may have been obtained from published sources and/or prepared by other parties.  While such sources are believed to be reliable, none of ICONIQ or any of its affiliates and partners, employees and representatives assume any responsibility for the accuracy of such information.  

All of the information herein is presented as of the date made available to you (except as otherwise specified), and is subject to change without notice, and may not be current or may have changed (possibly materially) between the date made available to you and the date actually received or reviewed by you.  ICONIQ assumes no obligation to update or otherwise revise any information, projections, forecasts or estimates contained herein, including any revisions to reflect changes in economic or market conditions or other circumstances arising after the date the items were made available to you or to reflect the occurrence of unanticipated events.  

For avoidance of doubt, ICONIQ is not acting as an adviser or fiduciary in any respect in connection with providing this information and no relationship shall arise between you and ICONIQ as a result of this information being made available to you.  

ICONIQ is a diversified financial services firm and has direct client relationships with persons that may become limited partners of ICONIQ funds.  Notwithstanding that a person may be referred to herein as a "client" of the firm, no limited partner of any fund will, in its capacity as such, be a client of ICONIQ.  There can be no assurance that the investments made by any ICONIQ fund will be profitable or will equal the performance of prior investments made by persons described herein. 

Any information herein is directed at, and intended for, only persons who are experienced institutional or professional investors (“professional investors”) as defined by applicable law and regulation.  Any person that is not a professional investor is not an intended recipient of this information and the matters discussed herein.

The ICONIQ Venture and Growth website does not present information relating to ICONIQ, its investment funds, or its advisory business and should not be consulted for any advisory purposes. The ICONIQ Venture and Growth content is intended for the use of company founders and executives.