United States · Venture startup

Who invested in iCapital

2 rounds we have observed, with the 10 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Asset ManagementFintech

Raised 2 months agoValuation: $7.5B, Mar 2026

Funding summaryUpdated 5 Nov 2026

$1.6Braised across 2 rounds since 2025, from 5 sources

$820MRound$820MVenture
Latest round
Venture, $820MSept 2026
Investors
10 (2 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026
$820MRound$820MVenture
First round
Round, $820M
Jul 2025
Biggest round
$820M
Venture · Sept 2026
Between rounds
14 months
from the last two

The rounds

  1. Sept 2026
    Venture$820M1 new2 returning

    Source recorded

  2. Jul 2025

Founders and team

From iCapital's own website: 5 founders, 17 on the team.

Dan VeneFounder
Dinkar JetleyFounder
John RobertshawFounder
Nick VeronisFounder
Phil PoolFounder
  • Gary GallagherPresident
  • Lawrence CalcanoChairman & CEO
  • Brooks EntwistleHead of International
  • Agnes Bundy ScanlanTeam
  • Bekka MarrsTeam
  • Christine WaldronTeam
  • Donald LaceyTeam
  • Hannah Shaw GroveTeam
  • Hartley RogersTeam
  • Henrique FranciscoTeam
  • Jaime HildrethTeam
  • Lily McInerneyTeam
  • Michael KushnerTeam
  • Noah SakimuraTeam
  • Rob ColtrinTeam
  • Shirlee TevetTeam
  • Steven G. GlennTeam

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

Temasek HoldingsVC firm2rounds
BlackRockAsset manager2rounds
T. Rowe PricePrivate equity1round, led 1
SurgoCap PartnersInvestment firm1round, led 1
UBSWealth manager1round
ApolloPrivate equity1round
Blackstone GroupPrivate equity1round
ApolloCompany1round
Bank of New York MellonInvestment firm1round
BNYVC firm1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 6 firms list iCapital as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Cota CapitalVC firmPer its own site
Activant CapitalVC firmPer its own site
InterAlpen PartnersPrivate equityPer its own site
NEXT InvestorsGrowth equityPer its own site
Stonelight Capital PartnersFamily officePer its own site
West FORK Capital Advisors LLCInvestorPer its own site

Quick answers about iCapital

Who invested in iCapital?

iCapital's investors include Temasek Holdings, BlackRock, T. Rowe Price, SurgoCap Partners and UBS, and 5 more on record.

How much has iCapital raised?

iCapital has raised $1.6B across 2 rounds since 2025.

When did iCapital last raise?

iCapital's most recent round was a Venture of $820M in Sept 2026.

What was iCapital's biggest round?

Its most recent round, $820M in Sept 2026, is also its largest on record.

Who backed iCapital first?

iCapital's first round on record, in Jul 2025, was backed by T. Rowe Price, SurgoCap Partners and Temasek Holdings and 6 others.

What stage is iCapital at?

iCapital's latest named round is a Venture, in Sept 2026.

Where is iCapital based?

iCapital is based in the United States.

Who led iCapital's rounds?

T. Rowe Price led the Undisclosed round in 2025.

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