Modern Meadow: The firm invested twice during the synthetic materials company’s seed and Series D rounds.įlipkart: ICONIQ participated in at least two rounds of Series D and Series E fundings in 20. Sprinklr: ICONiQ invested three times in this enterprise customer engagement platform during its Series D through F rounds of fundings since 2014.Īpttus: The firm has bet big on this Revenue Management services startup by investing four times since its Series A rounds in 2013. Zymergen: ICONiQ invested an undisclosed amount during the synthetic biology startup’s US$130 mn Series B round of fundings in October 2016. The firm has committed more than $5 billion across its 5 investment funds: ICONiQ Strategic Partners I-V.Īlthough ICONiQ has not explicitly mentioned Zuckerberg’s family office investments, we can infer that it was involved in some of the firm’s major investments like: The firm was also heavily involved in Facebook’s IPO in May 2011.Īpart from serving as a family office, ICONiQ Capital also has an investment arm specializing in venture capital startup investments, real estate, and private equity.
Makan was first introduced to Zuckerberg as a client in 2004 while he was working for Goldman Sachs. The investment firm was founded in 2011 as a Limited Liability Company (LLC) by ex-Goldman Sachs analysts, Divesh Makan, Michael Sanders, and Chad Boeding in San Francisco, California. Blake Lively, Ashton Kutcher, Justin Timberlake and a few other Hollywood A-list celebrities.Dustin Moskowitz, Sheryl Sandberg: Facebook co-founders.In the very same year, it was also established that Facebook posts were used to incite violence against the Muslim minority community, Rohingya, in Myanmar.Īlthough Mark Zuckerberg does not have a private family office, many of his personal investments and equity management are handled by ICONiQ Capital – a privately owned investment firm that serves as a family office for several ultra-high-net-worth clients like: These profiles were used in the political campaigns of Ted Cruz and Donald Trump. In 2018, it was revealed that Cambridge Analytica, a British political consulting firm, used raw data from Facebook to build profiles on over 87 million people without their consent. However, Facebook was involved in several controversies regarding its feed moderation and data privacy. Its share price currently stands at US$313.73 with a market capitalisation of US$853.55 billion. The company recently released its third-quarter earnings report in October 2021 which showed net revenue of $29.01 bn with 1.93 bn daily active users (DAU) – a 6% increase year-over-year. In April 2012, Facebook held its Initial Public Offering(IPO) through which it raised over US$161 mn offering its shares at US$38.
It received significant investments from Microsoft in 2007, Digital Sky Technologies in 2008, Elevation Partners, and Goldman Sachs and was valued at over US$41 billion in November 2010. In April 2008, Facebook rolled out its instant messaging feature which surged user counts past 100 million by the end of that year. By September 2006, the website was open for everyone above the age of 13 and with a valid email address.
Soon after, Facebook allowed users from other schools to register on the website and reached 5.5 million users by the end of 2005. At that time, the website was only open to Ivy League students. The tremendous growth in user numbers helped the company receive its first venture capital investment from Accel Partners during its Series A round in 2005. Zuckerberg dropped out of Harvard in his sophomore year to focus on TheFacebook project which broke the 1 million user mark before the end of 2004.
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