2020 Year
in Review
2020 has presented extraordinary challenges as we confront a confluence of crises—including a global health and economic crisis, widespread outrage arising from systemic racial injustice and inequity, and the catastrophic effects of climate change. While it’s easy to look back on 2020 through a pessimistic lens, it’s crucial to remember that adversity can be a powerful driving force of positive change, realized through deep resilience and strong leadership. At ICONIQ Growth, it’s our mission to partner with exceptional entrepreneurs and leaders who drive global impact and change. We’re inspired every day by our portfolio companies that are working to tackle some of the world’s most pressing issues through innovative technology and have never been more committed to our part in enabling visionaries to actualize their ambitions within an ever-changing global environment.
We are proud of the impact our portfolio companies drove in 2020
Snowflake
Snowflake, a cloud data platform, partnered with the State of California to deliver seamless access to COVID-19 data via the Snowflake Data Marketplace, helping inform the government’s response to the outbreak
Chime
Chime, a mobile banking platform, worked with the U.S. Treasury to deliver stimulus money immediately to over 230K account members, in advance of the date they would have received checks in the mail from the federal government
Wolt
Wolt, an on-demand food delivery platform based in Finland, offered a lifeline to restaurants that could no longer serve dine-in customers by waiving commissions on takeout orders, increasing payout frequency, and leveraging their scale and leadership to advocate for greater support for restaurants amongst policymakers
Relativity
Relativity, an eDiscovery software solution, employed several of their technology tools to help medical researchers more quickly review data sets of journal articles and medical literature with the goal of better equipping them to battle COVID-19
New company investments
Dollars [1]
We continue to invest in high growth technology companies, helping founders amplify their vision from growth stage to IPO and well beyond
Follow-on investments
Dollars [2]
We are thrilled to extend our partnership with these companies this year
We are honored to partner with our portfolio companies along their growth journeys
Portfolio
Operations
High-impact connections generated across commercial opportunities, advisory, and leadership [3]
ICONIQ’s Portfolio Operations team is dedicated to providing our portfolio companies with access to high-impact connections for commercial opportunities across ICONIQ’s extensive network
Leadership
Advisory
Executive and board level searches completed
ICONIQ’s Leadership Advisory team provides our portfolio companies with strategic introductions and impactful guidance across numerous vectors, including executive trends, board planning and strategy, organization design, and compensation
Analytics &
Insights
In-depth studies published, including several key refreshes, across topics including COVID-19 planning and impact, the developer technology stack, topline growth and operational efficiency, and IPO performance and preparedness
ICONIQ’s Analytics platform focuses on empowering our portfolio companies with impactful, data-driven insights to inform decision making across business operations and strategy
Community &
Events
ICONIQ Growth events hosted on various leadership topics including conversations with John Chambers, Brad Smith, Olivier Pomel, Sid Sijbrandij, and Matt Mullenweg, among others
ICONIQ believes in the power of connectivity and the exchange of ideas to drive meaningful impact, which is why we frequently host a variety of curated events bringing together our community
Technical
Advisory Board
Expansion to 8 TAB members with deep technical and product expertise
ICONIQ’s Technical Advisory Board provides our portfolio companies with unique perspectives, offering our portfolio leaders advice on engineering and product issues, as well as mentorship and exchange of best practices on critical technical topics
Other major developments this year
We activated Fund V, a ~$2.5B fund, to further ICONIQ Growth’s strategy of investing in leading growth stage companies
We congratulated 21 of our portfolio companies named to the 2020 Forbes’ 100 Best Private Cloud Companies. ICONIQ Growth remains the most active growth investor since 2016 [4]
We welcomed Candace Widdoes as a General Partner and Head of Portfolio Operations. We are also thrilled to be partnering with Ben Bernstein as an ICONIQ Growth Board Partner who will be focused on opportunities in Israel and the EU
We expanded our Technical Advisory Board, welcoming Amy Chang (formerly Cisco EVP and CEO and founder of Accompany and current P&G board member) and Mike Curtis (formerly Airbnb VP Engineering and current Zendesk board member)
[2] Image reflects all companies in which funds and accounts managed by ICONIQ Growth made follow-on investments during 2020.
[3] The Portfolio Operations figure refers to all of the introductions ICONIQ Growth facilitated YTD 2020. High impact connections include, but are not limited to, introductions facilitated to customer leads, strategic partnerships, search firms, board member candidates, advisors, and third party vendors.
[4] According to ICONIQ analysis of Mattermark, Crunchbase and Pitchbook data