Last iconiq growth 150m year, ICONIQ returned $5.5 billion to its backers, which equated to an 8.3x gross multiple. That performance is based on fundraising materials for its seventh fund, which cover the company’s performance through Dec. 31, 2021. ICONIQ also counts Mark Zuckerberg as an adviser.
Enfusion receives $150 million investment from ICONIQ Growth
Enfusion is a company that provides software that helps hedge funds manage their assets. Its revenue last year was close to $100 million and its headcount increased by about half to over 500 people. Enfusion started as an advisory firm for hedge funds and eventually expanded into its software business. It now has 550 clients and has added 160 more fund managers over the last year. The company has about 400 employees in eight offices.
Enfusion provides software for asset managers and has recently raised $150 million in new funding from ICONIQ Growth. This investment boosts the company’s valuation to $1.5 billion. ICONIQ Growth is an investment arm of the San Francisco-based company ICONIQ Capital. Its previous investments include Uber and Airbnb. Enfusion says the ICONIQ Growth investment underlines the value of its cloud-native SaaS model.
Enfusion was founded in 1997 and has offices around the world. Its team has increased by 78 percent this year, and it plans to hire more people around the world. Its new funding will also allow the company to sign clients in new markets. In Asia Pacific, Enfusion has experienced triple-digit client growth in the past year.
The company’s innovative cloud platform helps asset managers manage their portfolios and streamline operations. It also provides data analytics to aid investment decisions. With more than 150 clients, Enfusion is on the right track to continue its growth trajectory.
Age of Learning receives $150 million investment from ICONIQ Capital
Age of Learning is a startup that makes learning tools. Its first funding round came in 2013, and the company has now raised more than $180 million in outside funding. Iconiq Capital’s recent investment in Age of Learning will help it expand its product offerings in emerging markets. The company already holds a strong lead in the early learning market and plans to expand to other grades. The new funding will allow it to create more content for children aged eight and up, improve its user interface, and expand its international presence.
Age of Learning was founded by Doug Dohring, who previously co-founded the Neopets online gaming website. He later sold Neopets for $160 million to Viacom. After the acquisition, Dohring wanted to integrate education into the experience. While the website had been criticized for putting too much advertising in the game, he refocused his company’s attention on educational content. As a result, Age of Learning received a $150 million investment from ICONIQ Capital, which valued it at close to $1 billion.
The funding will be used to expand the product offerings in schools. The company plans to launch ABCmouse for Schools this fall, with additional features, training, and ongoing support. The investment is intended to support the company’s growth and help it become a major player in education.
Mark Zuckerberg is an advisor to ICONIQ
The investment firm Iconiq has a list of powerful clients that includes Mark Zuckerberg. Makan first met the Facebook founder in 2004, when the site was still in diapers. He iconiq growth 150m gave the fledgling Iconiq a huge boost, giving it a high-profile in Silicon Valley. Facebook’s Sheryl Sandberg, LinkedIn’s Reid Hoffman and Twitter’s Jack Dorsey are among the firm’s other notable clients. Iconiq also serves many hedge funds, including Henry Kravis and David Bonderman.
ICONIQ is a private equity firm with an investment philosophy that emphasizes overall asset allocation and diversification. It does not use preset portfolio strategies. In addition to traditional funds, the firm offers private investment funds it creates. These iconiq growth 150m funds typically invest in hedge funds, private equity funds and underlying funds. This enables ICONIQ to offer clients nontraditional investment vehicles.
ICONIQ also includes Intercom in its portfolio. The Dublin-based company launched in 2011 and was acquired by Iconiq Capital during its Series C round of funding in 2014. The iconiq growth 150m firm has raised over $125 million at a valuation of $1.3 billion. Zuckerberg has an extensive knowledge of technology and has worked with many companies in the tech industry, including Facebook.
ICONIQ Capital is a family-owned investment firm with a focus on technology. It was founded in 2011 and counts several Silicon Valley tech moguls among its clients. The firm has also formed a separate European entity, called ICONIQ Capital (UK).