{{Infobox company | name = Icon Ventures | type = Private | founded = 2003 | founder = Joe Horowitz | hq_location_city = 505 Hamilton Ave<br>Palo Alto, California | hq_location_country = USA | area_served = United States | key_people = Joe Horowitz<br>Tom Mawhinney<br>Jeb Miller<br>Preeti Rathi | industry = Venture capital | services = Financing | parent = JAFCO | website = [http://www.iconventures.com/ www.iconventures.com] }}
'''Icon Ventures''' is an American venture capital firm located in Palo Alto, California, United States.
==History== thumb|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.<ref name= "wsj0">{{cite web |url=https://blogs.wsj.com/venturecapital/2015/01/26/jafco-rebrands-as-icon-ventures-adds-new-venture-partner/ |title=Jafco Rebrands As Icon Ventures |author=Gage, Deborah |publisher=Wall Street Journal |date=January 26, 2015}}</ref> Until 2014, its capital was exclusively provided by JAFCO, a Japanese investment fund.<ref name="wsj1">{{cite web |url=https://blogs.wsj.com/venturecapital/2013/11/22/threes-a-charm-hat-trick-for-jafco-ventures/ |title=Three's a Charm: Hat Trick for Jafco Ventures |author=Gage, Deborah |publisher=Wall Street Journal |date=November 22, 2013}}</ref>
In October 2017, Icon Ventures raised its sixth fund of $265M from a diversified group of investors.<ref name="bloomberg">{{cite web |title=Icon Ventures Raises $265 Million Fund |url=https://www.bloomberg.com/news/articles/2017-10-11/icon-ventures-raises-265-million-fund-for-valley-of-death-startups/ |author=McBride, Sarah |publisher=Bloomberg |date=October 11, 2017 }}</ref>
In October 2018, the firm announced an expansion of that fund to $375M.<ref name="cnbc">{{cite web |title=Tech investor Joe Horowitz raises money to stay relevant in a world of megafunds and huge valuations |url=https://www.cnbc.com/2018/10/20/icon-ventures-horowitz-expands-fund-to-stay-relevant-amid-megafunds.html |author=Salinas, Sara |publisher=CNBC |date=October 20, 2018 }}</ref>
==Business description==
Icon Ventures has historically funded early stage, and growth stage investments in private technology-based businesses.<ref name="icon1">{{cite web|title=Icon Ventures website |url=http://www.iconventures.com/ |date=March 15, 2015}}</ref> Significant technology companies that it has backed include Bill.com,<ref name="techcrunch-bill">{{cite web |title=Bill.com raises another $8.5M to streamline business bill payments |url=https://techcrunch.com/2010/06/16/bill-com-raises-another-8-5-million-to-streamline-business-bill-payments/ |author=Rao, Leena |publisher= Techcrunch |date=June 16, 2010}}</ref> Teladoc,<ref name="venturebeat=teladoc">{{cite web |title=Teladoc raises $50M for telemedicine platform |url=https://venturebeat.com/2014/09/23/teladoc-raises-50-million-for-telemedicine-platform/ |author= Sullivan, Mark |publisher=Venturebeat |date=September 23, 2014}}</ref> FireEye,<ref name="usatoday1">{{cite web |title=Investors Lured By FireEyes Likely Explosive Growth |url=https://www.usatoday.com/story/cybertruth/2013/09/24/investors-lured-by-fireeyes-likely-explosive-growth/2856849/ |author=Acohido, Byron |publisher=USA Today |date=September 24, 2013}}</ref> Palo Alto Networks,<ref name="ft1">{{ cite web |title=Google backs two more cyber security start-ups |url=http://www.ft.com/intl/cms/s/0/32e52364-9987-11e3-b3a2-00144feab7de.html#axzz3UUUYcu2w |author=Kuchler, Hannah |publisher=Financial Times |date=February 20, 2014}}</ref> and Proofpoint.<ref name="nyt01">{{ cite web |title=Proofpoint Raises $28M |url=https://dealbook.nytimes.com/2008/02/28/proofpoint-raises-28-million/ |work=New York Times |date=February 28, 2008}}</ref>
Icon Ventures Fund I is currently listed as the 6th best performing fund of recent times in the sub-$250M category by Pitchbook.<ref name="pitch01">{{cite web |title=The top sub-$250M VC funds |url=http://pitchbook.com/news/articles/the-top-performing-vc-funds-under-250m-in-size |publisher=Pitchbook |date=May 16, 2016}}</ref>
As of August 2021, its most recent lead investments were At Bay,<ref name="At Bay Series D">{{cite web |title= Nomad Health lands $34M to double staff, open NC office|url=https://www.bloomberg.com/news/articles/2021-07-27/cyber-startup-at-bay-valued-at-1-35-billion-after-funding-round |publisher=Bloomberg News |author=Katherine Chiglinsky|date=July 27, 2021}}</ref> Nomad Health,<ref name="Mobi Health News">{{cite web |title= Nomad Health lands $34M to double staff, open NC office|url=https://www.mobihealthnews.com/news/north-america/nomad-health-lands-34m-double-staff-open-nc-office |publisher=Mobi Health News |author=Laura Lovett|date=August 15, 2019}}</ref> Timescale <ref name="Techcrunch">{{cite web |title=Timescale announces $15M investment and new enterprise version of TimescaleDB|url=https://techcrunch.com/2019/01/29/timescale-announces-15m-investment-and-new-enterprise-version-of-timescaledb/ |publisher=Techcrunch |date=January 29, 2019}}</ref> and Quizlet.<ref name="edsurge">{{cite web |title=Quizlet Raises $20 Million to Bring More Artificial Intelligence to Its Study Tools |url=https://www.edsurge.com/news/2018-02-06-quizlet-raises-20-million-to-bring-more-artificial-intelligence-to-its-study-tools |publisher=Edsurge |date=Feb 6, 2018}}</ref>
==See also== * Venture Capital
==References== {{Reflist}}
==External links== * [http://www.iconventures.com/ Icon Ventures Homepage]
{{Private equity and venture capital}}
Category:Financial services companies established in 2003 Category:Privately held companies based in Palo Alto, California Category:Venture capital firms based in California