United States · Series D startup

Who invested in ICON

4 rounds we have observed, with the 31 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.

Advanced ManufacturingConstructionManufacturingRobotics

Raised 1 month agoValuation: $1.6B, Mar 2026

Funding summaryUpdated 5 Nov 2026

$274Mraised across 4 rounds since 2018, from 4 sources

$9.0MSeed$9.2MSeed$56MSeries C$200MSeries D
Latest round
Series D, $200MOct 2026
Led by
BlackRock and Baillie Gifford
Step-upi
3.6×
Investors
31 (3 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.

2020202220242026
$9.0MSeed$9.2MSeed$56MSeries C$200MSeries D
First round
Seed, $9.0M
Oct 2018
Biggest round
$200M
Series D · Oct 2026
Usual gap between rounds
20 months
the median of 3

The rounds

  1. Oct 2026
    Series D$200M5 new5 returning

    Reported by AI InsiderSEC filing: $115M sold

  2. Feb 2025
    Series C$56M10 new1 returning

    Reported by TechCrunchSEC filing: $56M sold, first sale Jan 2025

  3. Sept 2024
    Seed$9.2M4 new

    Source recorded

  4. Oct 2018
    Seed$9.0M12 new

    Reported by FinSMEsSEC filing: $6.8M sold, first sale Aug 2018

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.

Seed2018Seed2024Series C2025Series D2026CAZ InvestmentsTiger Global ManagementLNorwest Venture PartnersCapital FactoryModerne VenturesBlackRockLBaillie GiffordLAlumni VenturesPlug and Play8VC

Everyone who backed them

CAZ InvestmentsInvestment firm3rounds
Tiger Global ManagementVC firm2rounds, led 1
Norwest Venture PartnersVC firm2rounds
Capital FactoryVC firm2rounds
Moderne VenturesVC firm2rounds
BlackRockAsset manager1round, led 1
Baillie GiffordAsset manager1round, led 1
Alumni VenturesVC firm1round
Plug and PlayAccelerator1round
8VCVC firm1round
Portland Seed FundVC firm1round
BondGrowth equity1round
Rethink ImpactVC firm1round
VulcanInvestment firm1round
Moonshots CapitalVC firm1round
EngageVC firm1round
MicroVenturesVC firm1round
OvermatchVC firm1round
Oakhouse PartnersVC firm1round
Overmatch VenturesVC firm1round
EmaarPrivate equity1round
LENXGrowth equity1round
Modern VenturesVC firm1round
Saturn FiveVC firm1round
The Syndicate.comAngel network1round
Capitalno record of our own yet1round
Cielo Propertyno record of our own yet1round
Oakhouse Partners/ D.R. Hortonno record of our own yet1round
Shadowno record of our own yet1round
Trustno record of our own yet1round
Verbena Roadno record of our own yet1round

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

Quick answers about ICON

Who invested in ICON?

ICON's investors include CAZ Investments, Tiger Global Management, Norwest Venture Partners, Capital Factory and Moderne Ventures, and 26 more on record. BlackRock led its latest round.

How much has ICON raised?

ICON has raised $274M across 4 rounds since 2018.

When did ICON last raise?

ICON's most recent round was a Series D of $200M in Oct 2026, led by BlackRock.

What was ICON's biggest round?

Its most recent round, $200M in Oct 2026, is also its largest on record.

Who backed ICON first?

ICON's first round on record, in Oct 2018, was backed by Vulcan, Engage and MicroVentures and 9 others.

What stage is ICON at?

ICON's latest named round is a Series D, in Oct 2026.

Where is ICON based?

ICON is based in the United States.

Who led ICON's rounds?

Tiger Global Management led the Series C in 2025; BlackRock led the Series D in 2026.

Companies like ICON

In the same sector, and raised in the last eighteen months.

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