Funding round
iCapital Growth
Reported as "Growth Equity"
iCapital, which works in alternative investment management solutions in New York, raised $146M in a Growth round announced on 1 Mar 2020. 13 firms took part. It is iCapital's first venture round on record.
$146M
Amount raised
Not disclosed
Post-money valuation
13
Investors
no lead named
Valuation
What this round says about the price
iCapital did not disclose a valuation in this round. It is iCapital's first venture round on record, 7 years after it was founded in 2013. It is 10% of the $1.46B iCapital has raised in the venture rounds on record. iCapital raised again 18 months later: a Growth round of $440M in Sep 2021, at $4.00B post-money.
iCapital's funding rounds
iCapital has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
13 firms took part; no lead investor was named.
Investors
- Affiliated Managers Group new investor
- BlackRock new investor
- Blackstone backs 83 venture-backed companies new investor
- BNY Mellon new investor
- Credit Suisse new investor
- Goldman Sachs backs 218 venture-backed companies new investor
- backs 34 venture-backed companies new investor
- JP Morgan Chase new investor
- Morgan Stanley backs 120 venture-backed companies new investor
- Ping An Global Voyager Fund new investor
- The Carlyle Group new investor
- UBS new investor
- WestCap backs 36 venture-backed companies new investor
Comparable rounds
How it compares
6 Growth rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $91M, and this round was 1.6 times the median. The closest in time, other companies' Growth rounds in Investment Consultants & Financial Advisors:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Investment Consultants & Financial Advisors | 14 Feb 2020 | $3.69B | not disclosed | not named |
| Investment Consultants & Financial Advisors | 7 Nov 2019 | $58M | not disclosed | not named |
| Investment Consultants & Financial Advisors | 17 Aug 2020 | $195M | not disclosed | not named |
| Investment Consultants & Financial Advisors | 5 Sep 2019 | $36M | not disclosed | EST Group |
| Investment Consultants & Financial Advisors | 10 Dec 2020 | $60M | not disclosed | not named |
| Investment Consultants & Financial Advisors | 13 Jan 2021 | $122M | not disclosed | Vitruvian Partners |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did iCapital raise in its Growth round?
iCapital raised $146M in its Growth round, announced in Mar 2020.
Which investors took part in iCapital's Growth round?
Affiliated Managers Group, BlackRock, Blackstone, BNY Mellon, Credit Suisse and Goldman Sachs and 7 more.
What was iCapital's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Investment Consultants & Financial Advisors?
6 Growth rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $91M, and this round was 1.6 times the median.
Did iCapital raise again after this round?
Yes: a Growth round in Sep 2021 of $440M at $4.00B post-money.