About This Fund
ICONIQ Growth’s seventh flagship fund has raised a substantial amount of $5.21 billion as per SEC filings. The late-stage investment unit is part of ICONIQ Capital, which manages the capital of prominent individuals in the tech industry such as Mark Zuckerberg and Jack Dorsey. The fund's size marks a significant increase from its predecessor, ICONIQ’s Fund VI, which had a target of $3.75 billion. This achievement is noteworthy as many other large-growth investors have struggled to reach their fundraising targets. ICONIQ Growth’s investment strategy seems to have garnered the approval of its backers, given the substantial amount raised for its seventh fund. The firm’s portfolio boasts successful exits and investments in high-growth tech companies, including Snowflake, Airbnb, GitLab, and HashiCorp. The fund has raised $3.95 billion from 291 investors under Fund VII-B and $1.26 billion from 462 backers under Fund VII, and is planned to invest in 20 to 25 tech companies.