ICONIQ — 2026 Investments

Anduril builds autonomous systems and software for defense and military applications, including attack aviation, unmanned aircraft, and underwater vehicles, unified by an autonomy platform.

AI & Machine LearningDefense TechHardwareRobotics

PLPalmer Luckey(Founder)inBrian Schimpf(Founder)inTSTrae Stephens(Founder)inJoe Chen(Founder)JCJoseph Chen(Founder)inMatt Grimm(Founder)

Co-investors13137 Ventures141435 Capital1F1Flourish Capital8V8VCALAlephALAliya Capital Partners+110 more

Bay Area Times is a daily visual newsletter covering business and technology news, designed for founders, operators, and investors who need quick access to key stories and context.

Media & Entertainment

BKBill Kerr(CEO)in

Co-investorsSOSolar Eco FundALAltimeter CapitalANAndreessen HorowitzBEBenchmarkCACapitalGDSDST Global+2 more

Conduct offers an AI-powered platform for SAP systems that helps business and IT teams understand custom code and business processes, deliver system changes from request to deployment, and migrate toward SAP clean core architecture.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaS

Jan Philipp Haas(Founder)inHTHenry Thompson(Founder)inPhilipp Hoefer(Founder)

Co-investorsBOBOOOMINIndex VenturesCRCreandumICICONIQ CapitalSASAP.iO Foundry

ElevenLabs is an AI research and product company that builds voice generation and audio processing platforms for creating human-like voice interactions with technology.

AI & Machine LearningCreator EconomyEnterprise SoftwareSaaSLondon, GB

MSMati Staniszewski(Founder)inPDPiotr Dabkowski(Co-founder)inHannah C(Founder)MJMateusz Jakub Staniszewski(Co-founder)inMati Staniszewski Piotr Dabkowski(Founder)Piotr Dąbkowski(Founder)

Co-investorsA.A.Capital VenturesAIAir Street CapitalALAlkeon InnovationANAndreessen HorowitzANAntiASAspire11+47 more

Mission Bay Capital is an early-stage investment firm dedicated to funding and supporting entrepreneur-scientists building companies to address chronic diseases and environmental challenges.

BiotechDeep TechFintechImpact & Social GoodSan Francisco, US

BoardDouglas Crawford(Managing General Partner)Peter D. Parker(Venture Partner)

Co-investorsSCScientia VenturesANAndreessen HorowitzAVavraBOBond Capital ManagementBRBritish International InvestmentCACapitalG+10 more

G.Network provides full fiber broadband infrastructure and connectivity services to residential and business customers in London.

Cloud ComputingConsumerEnterprise SoftwareLondon, GB

David Sangster(Founder & CEO)in

Co-investorsFIFitzwalter CapitalAVavraBOBond Capital ManagementCACapitalGDSDST GlobalDUDurable Capital Partners+8 more

European AI company bringing AI-native software to defense systems; raised a $1.8B Series E.

DGDr. Gundbert Scherf(Founder)inGundbert Scherf(Founder)Niklas Koehler(Founder)Niklas Köhler(Founder)Torsten Reil(Founder)

Co-investorsACAccelALAlkeon InnovationFEFelicis VenturesGEGeneral CatalystKOKoru CapitalLILightspeed Venture Partners+8 more

K2 Therapeutics is a biotech company that identifies innovative drug assets and develops them into medicines using a hub-and-spoke model with cross-regional clinical trials.

BiotechHealthtech

Ying Huang, Ph.D.(Chief Executive Officer, Director)

Co-investorsMPMPM BioImpactALAlpine Space VenturesALAltimeter CapitalCACapitalGKLKleiner PerkinsLILightspeed Venture Partners+4 more

The page is an online gambling/betting operator ("OK9") targeting Vietnamese players, offering sports betting, online casino, slots, fish-shooting games, lottery, and card games.

Deep TechHardwareSpace TechWest Hollywood, US

Neeldev Kunjur(Executive Officer, Director)Karandev Kunjur(Executive Officer, Director)KKKaran Kunjur(Founder)inNKNeel Kunjur(Founder)in

Co-investorsALAlpine Space VenturesALAlso CapitalASAsymmetric Capital PartnersCACapitalGEAEarthrise VenturesFIFirst Round Capital+22 more

Legora builds AI-powered collaboration software for lawyers to automate routine tasks and improve efficiency in legal work.

AI & Machine LearningEnterprise SoftwareLegalTechStockholm, SE

MJMax Junestrand(Founder)inSLSigge Labor(Founder)inAEAugust Erséus(Founder)inAnton Osika(Founder)DQDi Qi(Forward Deployed Engineer)inVilgot Kledzik(Chief of Staff)

Co-investorsABAbstract VenturesACAccelAIAirTree VenturesALAlanda Capital Holding LimitedALAlkeon InnovationATAtlassian Ventures+42 more

Looker is an AI-powered business intelligence platform that combines conversational analytics, semantic modeling, and Google Cloud integration to transform raw data into governed, actionable insights for enterprises.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSanta Cruz, US

Lloyd Tabb(Founder)FBFrank Bien(Executive Officer, Director)Joseph Moran(Executive Officer)Ben Porterfield(Founder)

BoardWTWilliam Trenchard(Director)inTTTomasz Tunguz(Director)in

Co-investorsCACapitalGFIFirst Round CapitalFOFounders Circle CapitalIRIrregular ExpressionsIVIVP (Institutional Venture Partners)KLKleiner Perkins+8 more

A venture capital firm led by operators and AI technologists that invests in founders building defensible technologies and AGI-aware companies positioned for positive civilization-scale impact.

VMVishal Maini(Founder & Managing Partner)inJEJonathan Eng(Partner)inPGPaul Gu(Partner)in

Co-investorsMAMarin Digital VenturesALAltimeter CapitalCACapital GroupCOCoatue ManagementDRDragoneer Investment GroupGIGIC+2 more

Omni is a browser extension that helps sales and support teams quickly access current internal information by integrating with existing knowledge sources and surfacing relevant answers during their work.

AI & Machine LearningEnterprise SoftwareFuture of WorkSan Francisco, US

ARAkshay Ramaswamy(Founder)inACAndrew Chang(Founder)inCRChetan Rane(Founder)inChris Merrick(Founder)Colin Zima(Founder)Jamie Davidson(Founder)

Co-investorsSOSoma CapitalTHTheory VenturesY Y CombinatorARArtesianAUAurumBOBoxGroup+16 more

Nomina is a unified trading terminal for perpetual future decentralized exchanges (perp DEXs) that lets DeFi users run and automate advanced cross-exchange trading strategies.

Crypto & Web3Data & InfrastructureFintech

Tyler Tarsi(Co-Founder and CTO)AKAustin King(Founder)in

Co-investorsPAPantera CapitalCRCraft Ventures

Omni makes electric scooter attachments that connect to wheelchairs, letting wheelchair users travel on urban and off-road terrain; the company states 95% of wheelchairs are compatible with its devices.

HardwareHealthtechMobility & Transportation

Co-investors5050 PartnersCRCraft VenturesDIDigitalis VenturesFIFirst Round CapitalGVGV (Google Ventures)ICICONIQ Growth+6 more

Omni is a non-custodial multi-chain crypto wallet that lets users store, bridge, and swap tokens across multiple blockchains, import wallets from MetaMask, Keplr, and Phantom, build custom portfolios, and buy crypto with a credit card.

Crypto & Web3Fintech

Serafin Lion Engel(Founder)

Co-investorsFIFigmentFLFlori VenturesCRCraft VenturesDIDigitalis VenturesEMEmerge VenturesFIFirst Round Capital+11 more

AI company developing a medical search engine used by physicians for clinical decision support.

DNDaniel Nadler(Founder)inZZZachary Ziegler(Founder)Daniel Nadler Zachary Ziegler(Founder)Zack Ziegler(Founder)

Co-investorsALAlkeon InnovationAMAmity VenturesANAndreessen HorowitzBABas1s VenturesBOBond Capital ManagementBRBreyer Capital+27 more

Outtake provides digital risk protection and threat intelligence services that detect and mitigate threats targeting brands and organizations, including impersonation attacks, fraudulent domains, cloned apps, and social engineering campaigns.

AI & Machine LearningCybersecurityNew York City, US

AAAlex Arjun Dhillon(Founder)inAlex Dhillon(Founder)

Co-investorsAVavraCRCRV (Charles River Ventures)LELegalTechMAMantis CapitalS3S32SLSlow Ventures+3 more

Pepper builds AI-powered go-to-market technology designed specifically for independent food distributors to help them compete and grow.

AI & Machine LearningB2B MarketplacesFoodTechSaaSNew York, US

BCBowie Cheung(Co-founder & CEO)inCNChetan Narain(Co-founder & CTO)inIvana Tesanovic(Co-founder / SVP)inJVJorge Vizcayno(Leader, Product Content Platform & Data Infrastructure (joined via Alima acquisition))in

Co-investorsBOBoxGroupFEFeldsmith CapitalFRFrontline VenturesGAGaingelsGRGreylock PartnersHAHarmony Partners+8 more

A Danish consultancy providing strategy execution and board leadership services for owner-led growth companies, often with international operations.

Enterprise Software

Co-investorsNONorrsken VCACAccelDIDisruptiveDRDragoneer Investment GroupGEGeneral CatalystGRGreenoaks+2 more

Prime Intellect provides an integrated platform for training, deploying, and continuously improving custom AI models, combining compute resources, reinforcement learning tools, evaluations, and inference services.

AI & Machine LearningCloud ComputingDeveloper ToolsSan Francisco, US

VWVincent Weisser(Founder)inJHJohannes Hagemann(Founder)inVincent Weisser Johannes Hagemann(Founder)

BoardDKDavid Katz(Director)in

Co-investorsAMAmbush CapitalCOCoinFundCOCollab+CurrencyCOCompoundDEDell Technologies CapitalINIntel Capital+9 more

Primer operates a network of microschools blending human instruction with technology to personalize learning for K-12 students, addressing education gaps in math and reading.

ConsumerEdTechMiami, US

RDRyan Delk(Founder)inGabriel Le Roux(Founder)John Bohannon(Founder)Maksim Stepanenko(Founder)Paul Anthony(Founder)Sean Gourley(Founder)

Co-investorsCUCubit CapitalDEDesigner FundEAEarl Grey CapitalELElevate VenturesEXExpaGAGaingels+24 more

Quince is a direct-to-consumer clothing and home goods brand that sells sustainably manufactured essentials at affordable prices by eliminating supply chain intermediaries.

ConsumerDirect to ConsumerE-commerceSan Francisco, US

SGSid G.(Founder)inZMZunu Mittal(Founder)in

Co-investors8V8VCALAlumni VenturesBABasis Set VenturesFJFJ LabsG G SquaredINInsight Partners+2 more

Rain builds stablecoin infrastructure for financial institutions and partners, providing payment cards accepted at millions of merchant locations, digital wallets, and global settlement rails.

Crypto & Web3Enterprise SoftwareFintechSaaS

Farooq Malik(CEO)

Co-investors5757Blocks CapitalARArchetypeCACanonical CryptoCOCoinbase VenturesDRDragonflyFIFirstMark Capital+9 more

Rain is a marketing agency that combines brand strategy, media buying, creative, and analytics to drive customer acquisition and growth for consumer brands.

AdTechMarketing Tech

MCMichelle Cardinal(Founder & CEO)in

Co-investorsNANautic PartnersQEQED InvestorsSTStanley VenturesVAValor Capital GroupBEBessemer Venture PartnersDRDragonfly+8 more

Rain provides real-time financial guidance to employees by monitoring cash flow, analyzing spending patterns, and offering personalized financial advice.

AI & Machine LearningEnterprise SoftwareFintechHR TechSaaSLos Angeles, US

AJ Nelson(Founder)inGilberto Garcia(Co-Founder & CTO)inHR Tech SaaS AJ Nelson(Founder)JTJen Terrell(Co-Founder)inABAlex Bradford(Founder & CEO)in

Co-investors1414Peaks CapitalAUAurum Venture PartnersBIBig Brain HoldingsCLClear Haven Capital ManagementCMCM VenturesDRDreamers VC+24 more

Rain.fi is a decentralized lending and borrowing protocol on Solana that enables users to borrow tokens with leverage without liquidation risk and purchase NFTs with flexible payment terms.

Crypto & Web3Fintech

Co-investors5050 PartnersBEBessemer Venture PartnersDRDragonflyENEndeavor CatalystFIFirstMark CapitalGAGalaxy Ventures+3 more

Ramp offers a finance platform that combines corporate cards, expense management, and AI-driven automation for receipt capture, transaction coding, and reimbursements.

AI & Machine LearningFintechSaaSNew York, US

KAKarim Atiyeh(Founder)inEGEric Glyman(Founder)inGLGene Lee(Founder)inScott Bulua(Executive Officer)inRahul Sengottuvelu(Chief Technology Officer)inWilliam (Will) Petrie(Chief Financial Officer)in

Co-investors1/1/1 Capital13137 Ventures8V8VCA*A*ALAlpha Wave GlobalANAnti+72 more

Restaurant365 provides cloud-based enterprise management software for restaurants, integrating accounting, store operations, and workforce management into a single platform.

Enterprise SoftwareFoodTechSaaSIrvine, US

TSTony Smith(Founder)inMHMorgan Harris(Founder)inJMJohn Moody(Founder)in

Co-investorsBEBessemer Venture PartnersGOGolub GrowthICICONIQ GrowthL L Catterton

Ribbit retrofits aircraft with an autonomous autopilot system and operates them under remote pilot supervision to provide air cargo delivery.

Logistics & Supply ChainMobility & TransportationRobotics

Co-investors202048 VenturesRARainfall Ventures

Swap offers a cross-border ecommerce platform that centralizes international pricing, landed cost calculation, duties, taxes, and compliance while letting brands remain the merchant of record.

E-commerceLogistics & Supply ChainRetail TechSaaS

Sam Atkinson(Founder)inDouglas Storf(Founder)Ury Rappaport(Founder)Zach Bailet(Founder)

Co-investorsCHCherry VenturesONOnevc Venture Partners LlcPOPortfolio VenturesQEQED Investors9Y9Yards CapitalASAstanor Ventures+5 more

Swap is a Banking-as-a-Service (BaaS) infrastructure provider that lets B2B businesses build and launch white-label financial products such as digital accounts, payment methods (Pix, Boleto, TED), card issuance, and risk/compliance tooling via APIs or no-code portals.

Enterprise SoftwareFintechSaaS

DSDoug Storf(Co-founder & CEO)inURUry Rappaport(Co-founder & CRO)inAWAlexandre Winandy(Partner & COO)

Co-investorsFJFJ LabsONOnevc Venture Partners LlcSOSoma CapitalCHCherry VenturesDSDST GlobalICICONIQ Capital+2 more

COBBS sources, markets, and distributes premium tactical equipment and defence materiel for law enforcement and armed forces, and develops tailored solutions with industry partners to enhance operator safety and fighting capability.

Defense TechHardwareLogistics & Supply Chain

Co-investorsNUNUNC CapitalANAndreessen HorowitzAVavraBOBond Capital ManagementCACapitalGDUDurable Capital Partners+7 more

Whatnot is a live commerce marketplace that enables creators and entrepreneurs to build businesses by connecting with audiences through real-time streaming and shopping.

ConsumerCreator EconomyE-commerceMarketplacesSocialLos Angeles, US

GLGrant LaFontaine(CEO)inLHLogan Head(Founder)inGrant LaFontaine Logan Head(Founder)Alex Loukissas(Staff Engineer)Gustavo Borges(Staff Engineer)Mo Rehman(Software Engineer)

Co-investorsALAlkeon InnovationANAndreessen HorowitzBABackwards CapitalBOBond Capital ManagementCACapitalGFIFirebolt Ventures Management Company, Llc+23 more

Whirl offers a payment terminal that processes transactions through biometric fingerprint authentication in approximately one second.

Enterprise SoftwareSan Francisco, US

SSSteve Sobel(Founder)inJay CadyKen Sobel(CEO)

Co-investorsY Y CombinatorAGAgrolimen VenturesCACapSol Capital SolutionsTETechstarsVEventure / science

Xona Space Systems operates Pulsar, a positioning, navigation, and timing (PNT) service delivered from a constellation of small satellites in Low Earth Orbit that broadcasts a new signal to augment or replace GPS.

Deep TechHardwareSpace TechBurlingame, US

BMBrian Manning(Founder)inTRTyler Reid(Founder)inAdrien Perkins(Director)inPaul Tarantino(Founder)Jay Zaveri(Director)

BoardSDSky Dayton(Director)in

Co-investorsALAloniqARArmada Investment AGBEBeyond Earth VenturesCACapital InnovatorsCRCraft VenturesCRCross Culture Ventures+21 more