Year in Review The Next Normal
THE NEXT NORMAL
Nearly two years into the pandemic, it is evident that we are unlikely to return to any past version of normalcy, but rather launch forward on an adjusted trajectory, with newfound insight, resilience, and empathy. The next normal is being shaped right now and we believe technology will increasingly underpin and propel the world towards a brighter future. The ICONIQ Growth team is grateful to partner with visionary leaders helping to drive these extraordinary transformations.
BetterUp, the largest mental health and coaching company, is bringing world-class coaching, AI technology, and behavioral science experts to enable individuals to thrive professionally and personally.
Loom, an asynchronous video messaging tool, is helping teams to get work done wherever, whenever – without sacrificing creativity, productivity, or culture.
Calendly, a modern scheduling platform, is automating the scheduling process and helping dispersed teams overcome the challenge of finding availability across multiple time zones.
Gem, an all-in-one recruiting platform, is enabling companies to attract and hire the talent they need up to five-times faster in today’s hyper-competitive hiring market.
Miro, an online collaborative whiteboard platform, is helping employees to collaborate and ideate from anywhere through a unified digital workspace.
Monte Carlo, a data reliability platform, is enabling leaders to make smarter decisions and shepherd organizational change in today’s dynamic environment by guaranteeing the validity of data flowing through pipelines.
Articulate, a developer of online training tools and e-learning apps, is transforming training for the new world of work by enabling companies to onboard and train employees remotely.
Unite Us, which connects health and social care, is bringing together partners from government, health care, and community-based organizations to address health equity and improve the health of all communities.
In 2021, we invested in companies with roots across the globe as part of our commitment to partner with the best and brightest founders.
Initial Investments 
Follow-on Investments 
Total Invested Capital for the Year
We are excited to continue supporting innovation across technology sectors that are undergoing transformational change.
Investments by Industry
Eleven IPOs in 2021 
In aggregate, $7.6B raised with market capitalization of $117.1B across all portfolio public listings in 2021. 
Two M&A Events
Wolt, an ICONIQ Growth portfolio company, and Doordash, a leading food delivery and logistics platform, are joining forces to build a global platform for local commerce that empowers the communities in which they operate.
Turbonomic, an ICONIQ Growth portfolio company, was acquired by IBM to help companies overcome the high costs associated with managing performance and availability for multiple applications sharing an increasingly complex hybrid cloud environment.
Supporting Our Portfolio Companies On Their Growth Journeys In 2021 and Beyond
Other Major Developments
Activated Fund VI, a ~$4.1B fund, in June to further ICONIQ Growth’s strategy of investing in leading technology companies 
Twenty-one portfolio companies named to the 2021 Forbes’ 100 Best Private Cloud Companies. ICONIQ Growth continues to be the most active dedicated growth investor in Cloud 100 companies since 2016 
Opened an office in London to expand our commitment to partnering with exceptional founders across the globe
Expanded portfolio support through the launch of Healthcare Advisory and Digital Leadership Councils, and welcomed Neha Narkhede (co-founder and former CTO at Confluent) to our Technical Advisory Board