# iCapital funding: rounds and investors > iCapital has raised $1.6B across 2 rounds since 2025. Investors include Temasek Holdings, BlackRock and T. Rowe Price. Every round with its source. Source: https://millionrounds.com/company/icapital (Millionrounds; every figure on the page links to its filing or article) United States · [Venture startup](https://millionrounds.com/companies) # 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 Management Fintech Raised 2 months ago Valuation: $7.5B, Mar 2026 Follow iCapital and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Ficapital) Funding summary Updated 5 Nov 2026 **$1.6B** raised across 2 rounds since 2025, from 5 sources **$820M** Round **$820M** Venture - **Latest round:** Venture, $820M Sept 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 **$820M** Round **$820M** Venture - **First round:** Round, $820M - **Biggest round:** $820M - **Between rounds:** 14 months ## The rounds - **Sept 2026** Venture **$820M** *1 new* *2 returning* [Temasek Holdings](https://millionrounds.com/fund/temasek) [BlackRock](https://millionrounds.com/fund/blackrock) [Apollo](https://millionrounds.com/fund/apollo-global-management) Source recorded - **Jul 2025** Round **$820M** *9 new* [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) Lead [SurgoCap Partners](https://millionrounds.com/fund/surgocap-partners) Lead [Temasek Holdings](https://millionrounds.com/fund/temasek) [BlackRock](https://millionrounds.com/fund/blackrock) [UBS](https://millionrounds.com/fund/ubs) [Blackstone Group](https://millionrounds.com/fund/blackstone-group) [Apollo](https://millionrounds.com/fund/apollo) [BNY](https://millionrounds.com/fund/bny) [Bank of New York Mellon](https://millionrounds.com/fund/bank-of-new-york-mellon) Reported by Crunchbase News and 3 others ## Founders and team From iCapital's own website: 5 founders, 17 on the team. **Dan Vene** Founder **Dinkar Jetley** Founder **John Robertshaw** Founder **Nick Veronis** Founder **Phil Pool** Founder - **Gary Gallagher** President - **Lawrence Calcano** Chairman & CEO - **Brooks Entwistle** Head of International - **Agnes Bundy Scanlan** Team - **Bekka Marrs** Team - **Christine Waldron** Team - **Donald Lacey** Team - **Hannah Shaw Grove** Team - **Hartley Rogers** Team - **Henrique Francisco** Team - **Jaime Hildreth** Team - **Lily McInerney** Team - **Michael Kushner** Team - **Noah Sakimura** Team - **Rob Coltrin** Team - **Shirlee Tevet** Team - **Steven G. Glenn** Team ## 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. **Round** 2025 **Venture** 2026 [Temasek Holdings](https://millionrounds.com/fund/temasek) [BlackRock](https://millionrounds.com/fund/blackrock) [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) L [SurgoCap Partners](https://millionrounds.com/fund/surgocap-partners) L [UBS](https://millionrounds.com/fund/ubs) [Apollo](https://millionrounds.com/fund/apollo-global-management) [Blackstone Group](https://millionrounds.com/fund/blackstone-group) [Apollo](https://millionrounds.com/fund/apollo) [Bank of New York Mellon](https://millionrounds.com/fund/bank-of-new-york-mellon) [BNY](https://millionrounds.com/fund/bny) ## Everyone who backed them [Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **2** rounds [BlackRock](https://millionrounds.com/fund/blackrock) Asset manager **2** rounds [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) Private equity **1** round, led 1 [SurgoCap Partners](https://millionrounds.com/fund/surgocap-partners) Investment firm **1** round, led 1 [UBS](https://millionrounds.com/fund/ubs) Wealth manager **1** round [Apollo](https://millionrounds.com/fund/apollo-global-management) Private equity **1** round [Blackstone Group](https://millionrounds.com/fund/blackstone-group) Private equity **1** round [Apollo](https://millionrounds.com/fund/apollo) Company **1** round [Bank of New York Mellon](https://millionrounds.com/fund/bank-of-new-york-mellon) Investment firm **1** round [BNY](https://millionrounds.com/fund/bny) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=icapital). ## 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 Capital](https://millionrounds.com/fund/cota-capital) VC firm Per its own site [Activant Capital](https://millionrounds.com/fund/activant-capital) VC firm Per its own site [InterAlpen Partners](https://millionrounds.com/fund/interalpen-partners) Private equity Per its own site [NEXT Investors](https://millionrounds.com/fund/next-investors) Growth equity Per its own site [Stonelight Capital Partners](https://millionrounds.com/fund/stonelight-capital-partners) Family office Per its own site [West FORK Capital Advisors LLC](https://millionrounds.com/fund/west-fork-capital-advisors-llc) Investor Per 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. ## Companies like iCapital In the same sector, and raised in the last eighteen months. [**Pathfinder** $13M · Nov 2026](https://millionrounds.com/company/pathfinder)[**Clark** $11M · Nov 2026](https://millionrounds.com/company/clark)[**Settle** $103M · Oct 2026](https://millionrounds.com/company/settle)[**Midstream Health** $27M · Oct 2026](https://millionrounds.com/company/midstream-health)[**SpendRule** $6.0M · Oct 2026](https://millionrounds.com/company/spendrule)[**Collective** $219M · Oct 2026](https://millionrounds.com/company/collective) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app