Icon Ventures, a leading venture capital firm, today announced Icon VI, a $265 million fund. Icon VI is the firm’s largest fund to date, a testament to the venture firm’s experienced team, disciplined approach to investing and amazing track record of success. Of particular note with regard to Icon’s performance are several outstanding exits in the cybersecurity sector including FireEye, 41st Parameter, Palo Alto Networks, and Proofpoint in addition to other formidable exits such as Aster Data, ClairMail, MoPub, Teladoc and Yodle.
In an effort to serve the needs of entrepreneurs and founders where they live and work, Icon Ventures will also be opening a satellite office in the heart of South Park in San Francisco. The office is expected to open in the next few months.
“I am overwhelmingly proud of the Icon team we have built,” shared Joe Horowitz, Icon’s Managing General Partner. “From the beginning, we established a set of core values centered on best practices in venture capital, a commitment to excellence in everything we do and a genuine focus on creating true bonds with extraordinary co-investors and world-class entrepreneurs.” Horowitz has also recently joined the board of directors of the National Venture Capital Association where he will have the opportunity to leverage his experience to advance the mission of the venture industry in Washington.
Over the past 14 years since the firm was founded, Icon Ventures has made 77 investments in companies that today have realized 30 successful exits with an aggregate market value of $30 billion, creating over 18,000 jobs along the way.
“As rewarding as it has been to see the results of our efforts, what we have most enjoyed is our true team-based approach to investing and providing assistance to our portfolio companies,” said Tom Mawhinney, a veteran General Partner with the firm. “With a core team of venture investors, venture partners who help scale our companies and a strong Tokyo-based business development team, we have been able to make a real difference for many of our portfolio companies.”
The fund is off to a great start with several exceptional new investments. Three that were announced in the last few months include Ripcord, a fully automated records management solution leveraging robotic digitization; Opcity, a residential real estate marketplace that pairs potential buyers with the most appropriate realtors; and Alation, a leading-edge big data platform that helps make data more easily accessible to individuals across an organization.
About Icon Ventures
Based in Palo Alto, California, Icon Ventures is a technology venture capital firm investing in companies with great entrepreneurs, compelling business models and strong momentum in their respective markets. Icon Ventures has had the privilege to invest in market-leading companies such as Aster Data, ClairMail, FireEye, 41st Parameter, Infinera, MoPub, Palo Alto Networks, Proofpoint, Teladoc and Yodle. For more information about Icon Ventures visit http://www.iconventures.com/ and follow @iconventures.
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