3/19/2023 0 Comments Wolt iconiqIconiq has backed European firms such as the now-public Dutch payments firm Adyen, software firm Collibra, and buzzy Finnish delivery company Wolt. With several of Europe's biggest venture capital firms based out of London, such as Accel and Index, it is possible that any new hire will be based in the UK capital. The filings name Divesh Makan, the founder of Iconiq Capital and a former Morgan Stanley banker, as the majority owner. ![]() "Honestly, I think they are just contacting every partner under 50 at a European fund," one UK investor told Insider.Ī second said Iconiq had spoken to European venture capital firms for senior hire recommendations, at senior principal or partner level.Īccording to financial filings reviewed by Insider, Iconiq Capital registered a UK entity in December 2020. It focuses mostly on software-as-a-service investments, and says it invested around $1.1 billion into firms in 2020.įour London-based venture capitalists told Insider that Iconiq was on the hunt for a new investment partner to oversee its European investments for the Growth team. Investments include cloud firm Snowflake, Airbnb, Robinhood, Zoom, and Uber. Its clients are thought to include Facebook CEO Mark Zuckerberg, whose net worth is estimated above $100 billion, and LinkedIn founder Reid Hoffman, worth an estimated $2.1 billion.Īn affiliated arm, Iconiq Growth, invests cash into fast-growing firms. Iconiq Capital operates discreetly, in part because it offers family office services to manage the wealth of Silicon Valley's elite founders. US firms are increasingly heading to Europe in part because deals are a cheaper, with European startups yet to reach the steep valuations of their counterparts across the Atlantic. San Francisco-headquartered Iconiq Capital is the latest company seeking to set up shop in Europe, incorporating in the UK and hunting out a local investment partner to fund European startups, sources told Insider. ![]() Filings show the company incorporated in the UK in December 2020.Īmerica's most prestigious tech investors are continuing their march into Europe to hunt out promising startups.Iconiq Capital is best known for providing investment services to the ultrawealthy such as Mark Zuckerberg.US investment firm Iconiq Capital is looking to hire an investment partner in Europe.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |