Icon Ventures

Icon Ventures
Private
Industry Venture capital
Founded 2003
Founder Joe Horowitz
Headquarters 505 Hamilton Ave
Palo Alto, California, USA
Area served
 United States
Key people
 Joe Horowitz
Tom Mawhinney
Jeb Miller
Michael Mullany
Services Financing
Website www.iconventures.com

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

History

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]

Business Description

Icon Ventures has historically funded early stage, and growth stage investments in private technology-based businesses.[4] Significant technology companies that it has backed include FireEye,[5] Palo Alto Networks,[6] Tune,[7] Aster Data,[8] and Proofpoint.[9] Icon Ventures Fund I is currently listed as the 6th best performing fund of recent times in the sub-$250M category by Pitchbook.[10] As of October 2017, its most recent investments were Opcity [11], Ripcord [12] and Alation [13].

On September 7th, 2018, News Corp. announced its intention to acquire Opcity for $210M. [14]

See also

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. ↑ "Icon Ventures website". March 15, 2015.
  5. ↑ Acohido, Byron (September 24, 2013). "Investores Lured By FireEyes Likely Explosive Growth". USA Today.
  6. ↑ Kuchler, Hannah (February 20, 2014). "Google backs two more cyber security start-ups". Financial Times.
  7. ↑ http://adexchanger.com/mobile/tune-plans-to-pimp-out-its-product-team-with-27-million-in-series-b/
  8. ↑ Kincaid, Jason (September 22, 2010). "Aster Data Raises Another $30 Million To Help Manage Big Data". TechCrunch.
  9. ↑ "Proofpoint Raises $28M". New York Times. February 28, 2008.
  10. ↑ "The top sub-$250M VC funds". Pitchbook. May 16, 2016.
  11. ↑ "Opcity Nabs $27M Series A Round To Become The eHarmony For Real Estate". Forbes. May 10, 2017.
  12. ↑ "Ripcord's $40 million Series B will pay for more file digitizing robots and human jobs". Techcrunch. August 17, 2017.
  13. ↑ "Alation raises $23 million for its data cataloging software". Venturebeat. July 18, 2017.
  14. ↑ "News Corp.'s Move To Acquire Opcity For Real Estate Lead Gen". Seeking Alpha. September 7, 2018.
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