Total amount raised
$729.2 Million
Latest funding date
06/01/2022
Location
iCapital Network has successfully raised funding over 13 rounds, with notable investors including UBS and State Street. The platform offers a comprehensive suite of services for alternative investments, structured notes, and annuities.
Keep reading to explore the intricacies of iCapital Network's fundraising journey and the investors backing this innovative platform.
What Is iCapital Network?
iCapital Network is a fintech platform specializing in alternative investments, structured notes, and annuities. The company operates in the financial services sector, focusing on asset management, banking, and fintech solutions. It is headquartered in New York, United States, and employs between 1001 and 5000 people.
Founded in New York, iCapital Network has established itself as a key player in the fintech industry, providing technology solutions to streamline and automate the investment lifecycle for private market investments. The company offers platforms for wealth managers and asset managers to access, invest, and manage alternative investments.
How Much Funding Has iCapital Network Raised?
- Private Equity Round
- Amount Raised: USD 820,000,000
- Date: July 2025
- Lead Investors: SurgoCap Partners, T. Rowe Price
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expand its platform capabilities.
- Corporate Round
- Date: June 2022
- Lead Investors: Bank of America
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance strategic partnerships and expand market reach.
- Series Unknown
- Amount Raised: USD 50,000,000
- Date: December 2021
- Lead Investors: Temasek Holdings, WestCap
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology infrastructure.
- Series C
- Amount Raised: USD 440,000,000
- Date: July 2021
- Lead Investors: Temasek Holdings
- Valuation at Round: Approximately USD 4 billion
- Motivation Behind the Round: To enhance platform technology, expand product offerings, and pursue strategic acquisitions.
- Series B
- Amount Raised: USD 16,000,000
- Date: June 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational growth and technology enhancements.
- Series Unknown
- Amount Raised: USD 146,000,000
- Date: March 2020
- Lead Investors: Ping An Global Voyager
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand platform capabilities and increase market presence.
- Series Unknown
- Date: November 2018
- Lead Investors: Blackstone Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance strategic partnerships and expand service offerings.
- Corporate Round
- Amount Raised: USD 25,666,085
- Date: August 2018
- Lead Investors: JP Morgan Chase, The Carlyle Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial backing and expand market reach.
- Series B
- Amount Raised: USD 12,600,000
- Date: December 2017
- Lead Investors: Morgan Stanley Investment Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support technology development and operational growth.
- Series B
- Amount Raised: USD 14,800,000
- Date: December 2016
- Lead Investors: BlackRock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and expand market presence.
Total Amount Raised: USD 1,570,066,085. Current Valuation: Approximately USD 4 billion.
Key Investors
- Temasek
- Details: Temasek is a global investment company headquartered in Singapore. It manages a diversified portfolio across various sectors.
- Investment Focus Areas: Financial services, telecommunications, media, technology.
- Notable Investments: Alibaba, Airbnb, Gojek.
- Owl Rock (a division of Blue Owl Capital)
- Details: Owl Rock is a division of Blue Owl Capital, specializing in direct lending and other credit investments. It focuses on providing financing solutions to middle-market companies.
- Investment Focus Areas: Direct lending, credit investments.
- Notable Investments: BlueVine, Better.com.
- MSD Partners
- Details: MSD Partners is an investment firm associated with Michael Dell. It manages capital for the Dell family and focuses on private equity, real estate, and credit investments.
- Investment Focus Areas: Private equity, real estate, credit.
- Notable Investments: Dell Technologies, UFC.
- Blackstone
- Details: Blackstone is one of the world's leading investment firms. It specializes in private equity, real estate, hedge funds, and credit.
- Investment Focus Areas: Private equity, real estate, hedge funds, credit.
- Notable Investments: Hilton Worldwide, Ancestry.com.
- UBS
- Details: UBS is a global financial services company providing investment banking, asset management, and wealth management services. It operates in over 50 countries.
- Investment Focus Areas: Wealth management, investment banking, asset management.
- Notable Investments: Various global wealth management and investment banking deals.
What's Next for iCapital Network?
iCapital Network stands at the cusp of significant growth opportunities. With a recent $440 million funding round, the company is poised to enhance its platform technology and expand its range of investment strategies and product types. The market for high-net-worth allocations to private market investing is projected to reach $1.5 trillion by 2025, offering a substantial opportunity for iCapital to capture a larger share of this growing sector.
Future fundraising efforts are likely as the company continues to pursue strategic acquisitions to broaden its client capabilities. The involvement of high-profile investors and the doubling of assets on its platform from $46 billion to $80 billion underscore the potential for additional rounds of funding. These efforts will support the company's expansion and technological advancements, ensuring it remains competitive in the rapidly evolving fintech landscape.
However, iCapital Network may face challenges such as integrating new acquisitions, staying ahead of technological advancements, and navigating regulatory environments across different regions. The company must also manage competition from other financial technology platforms and traditional financial institutions. Despite these hurdles, iCapital's strategic focus on enhancing technology and expanding its product offerings positions it well for continued growth and success.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like iCapital Network and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
