# ICON funding: rounds and investors > ICON has raised $274M across 4 rounds since 2018. Investors include CAZ Investments, Tiger Global Management and Norwest Venture Partners. Source: https://millionrounds.com/company/icon (Millionrounds; every figure on the page links to its filing or article) United States · [Series D startup](https://millionrounds.com/companies) # 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 Manufacturing Construction Manufacturing Robotics Raised 1 month ago Valuation: $1.6B, Mar 2026 Follow ICON and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Ficon) Funding summary Updated 5 Nov 2026 **$274M** raised across 4 rounds since 2018, from 4 sources **$9.0M** Seed **$9.2M** Seed **$56M** Series C **$200M** Series D - **Latest round:** Series D, $200M Oct 2026 - **Led by:** BlackRock and Baillie Gifford - **Step-up i:** 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. 2020 2022 2024 2026 **$9.0M** Seed **$9.2M** Seed **$56M** Series C **$200M** Series D - **First round:** Seed, $9.0M - **Biggest round:** $200M - **Usual gap between rounds:** 20 months ## The rounds - **Oct 2026** Series D **$200M** *5 new* *5 returning* [BlackRock](https://millionrounds.com/fund/blackrock) Lead [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) Lead [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Capital Factory](https://millionrounds.com/fund/capital-factory) [Moderne Ventures](https://millionrounds.com/fund/moderne-ventures) [Moonshots Capital](https://millionrounds.com/fund/moonshots-capital) [CAZ Investments](https://millionrounds.com/fund/caz-investments) [Overmatch](https://millionrounds.com/fund/overmatch) [The Syndicate.com](https://millionrounds.com/fund/the-syndicate) Reported by AI Insider SEC filing: $115M sold - **Feb 2025** Series C **$56M** *10 new* *1 returning* [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) Lead [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [8VC](https://millionrounds.com/fund/8vc) [Capital Factory](https://millionrounds.com/fund/capital-factory) [Bond](https://millionrounds.com/fund/bond) [Moderne Ventures](https://millionrounds.com/fund/moderne-ventures) [CAZ Investments](https://millionrounds.com/fund/caz-investments) [Oakhouse Partners](https://millionrounds.com/fund/oakhouse-partners) [Overmatch Ventures](https://millionrounds.com/fund/overmatch-ventures) [LENX](https://millionrounds.com/fund/len-x) [Modern Ventures](https://millionrounds.com/fund/modern-ventures) Reported by TechCrunch SEC filing: $56M sold, first sale Jan 2025 - **Sept 2024** Seed **$9.2M** *4 new* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Plug and Play](https://millionrounds.com/fund/plug-and-play) [Portland Seed Fund](https://millionrounds.com/fund/portland-seed-fund) [Rethink Impact](https://millionrounds.com/fund/rethink-impact) Source recorded - **Oct 2018** Seed **$9.0M** *12 new* [Vulcan](https://millionrounds.com/fund/vulcan) [Engage](https://millionrounds.com/fund/engage) [MicroVentures](https://millionrounds.com/fund/microventures) [CAZ Investments](https://millionrounds.com/fund/caz-investments) [Emaar](https://millionrounds.com/fund/emaar) [Saturn Five](https://millionrounds.com/fund/saturn-five) Capital Cielo Property Oakhouse Partners/ D.R. Horton Shadow Trust Verbena Road Reported by FinSMEs SEC 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. **Seed** 2018 **Seed** 2024 **Series C** 2025 **Series D** 2026 [CAZ Investments](https://millionrounds.com/fund/caz-investments) [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) L [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Capital Factory](https://millionrounds.com/fund/capital-factory) [Moderne Ventures](https://millionrounds.com/fund/moderne-ventures) [BlackRock](https://millionrounds.com/fund/blackrock) L [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) L [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Plug and Play](https://millionrounds.com/fund/plug-and-play) [8VC](https://millionrounds.com/fund/8vc) ## Everyone who backed them [CAZ Investments](https://millionrounds.com/fund/caz-investments) Investment firm **3** rounds [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) VC firm **2** rounds, led 1 [Norwest Venture Partners](https://millionrounds.com/fund/norwest) VC firm **2** rounds [Capital Factory](https://millionrounds.com/fund/capital-factory) VC firm **2** rounds [Moderne Ventures](https://millionrounds.com/fund/moderne-ventures) VC firm **2** rounds [BlackRock](https://millionrounds.com/fund/blackrock) Asset manager **1** round, led 1 [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) Asset manager **1** round, led 1 [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round [Plug and Play](https://millionrounds.com/fund/plug-and-play) Accelerator **1** round [8VC](https://millionrounds.com/fund/8vc) VC firm **1** round [Portland Seed Fund](https://millionrounds.com/fund/portland-seed-fund) VC firm **1** round [Bond](https://millionrounds.com/fund/bond) Growth equity **1** round [Rethink Impact](https://millionrounds.com/fund/rethink-impact) VC firm **1** round [Vulcan](https://millionrounds.com/fund/vulcan) Investment firm **1** round [Moonshots Capital](https://millionrounds.com/fund/moonshots-capital) VC firm **1** round [Engage](https://millionrounds.com/fund/engage) VC firm **1** round [MicroVentures](https://millionrounds.com/fund/microventures) VC firm **1** round [Overmatch](https://millionrounds.com/fund/overmatch) VC firm **1** round [Oakhouse Partners](https://millionrounds.com/fund/oakhouse-partners) VC firm **1** round [Overmatch Ventures](https://millionrounds.com/fund/overmatch-ventures) VC firm **1** round [Emaar](https://millionrounds.com/fund/emaar) Private equity **1** round [LENX](https://millionrounds.com/fund/len-x) Growth equity **1** round [Modern Ventures](https://millionrounds.com/fund/modern-ventures) VC firm **1** round [Saturn Five](https://millionrounds.com/fund/saturn-five) VC firm **1** round [The Syndicate.com](https://millionrounds.com/fund/the-syndicate) Angel network **1** round Capital no record of our own yet **1** round Cielo Property no record of our own yet **1** round Oakhouse Partners/ D.R. Horton no record of our own yet **1** round Shadow no record of our own yet **1** round Trust no record of our own yet **1** round Verbena Road no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=icon). ## 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. [**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute)[**Fal** $1.4B · Nov 2026](https://millionrounds.com/company/fal)[**Trajectory** $101M · Nov 2026](https://millionrounds.com/company/trajectory)[**Northwood Space** $505M · Nov 2026](https://millionrounds.com/company/northwood-space)[**Tutor Intelligence** $109M · Nov 2026](https://millionrounds.com/company/tutor-intelligence)[**OpenAI** $230B · Oct 2026](https://millionrounds.com/company/openai) ## 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