# Icon Ventures

Icon Ventures is a Venture Capital based in Palo Alto, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Palo Alto, United States
- **Region:** North America
- **Address:** Palo Alto, CA, United States
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** www.iconventures.com
- **LinkedIn:** https://www.linkedin.com/company/icon-ventures

## Regulatory record

- **Reports private funds:** No

## About

Icon Ventures is a foundational venture capital firm focused on AI. For over two decades it has applied venture capital best practices to help visionary AI founders build transformative companies. The firm invests from seed stage through Series B in sectors including enterprise, data management, cybersecurity, digital health, and consumer.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Digital Health
- Cybersecurity

## People

- Jeff Hinck — General Partner
- Tom Mawhinney — General Partner
- Preeti Rathi — General Partner

## Questions

### Who runs investment decisions at Icon Ventures?

General Partners Jeff Hinck, Tom Mawhinney, and Preeti Rathi share investment decision-making, with Hinck and Mawhinney representing the longest-tenured leadership through the firm's transition from Jafco Ventures to its independent rebranding in 2015.

### How is Icon Ventures related to Jafco?

The firm originally launched in 2003 as Jafco Ventures, the US venture arm of Tokyo-based Jafco Co. In 2015 the partnership negotiated a buyout of Jafco's interest and rebranded as Icon Ventures, becoming a fully independent manager with control over its own fund pacing and LP relationships.

### Which sectors does Icon Ventures explicitly avoid?

Icon does not invest in hardware, semiconductors, cleantech, or consumer internet. The firm has maintained a consistent focus on enterprise software, cloud infrastructure, data analytics, cybersecurity, and digital health for over two decades.

### What is Icon's known posture on co-investments alongside external GPs?

Icon co-invests regularly in syndicated rounds and has done so with firms including NEA, Norwest, Sequoia, and Accel across multiple portfolio companies. The firm does not market a separate co-investment vehicle and integrates these positions into its main fund portfolio.

### What is Icon's largest disclosed fund to date?

Icon Ventures VII closed at $350 million in 2021, making it the firm's largest single fund since independence (per the firm, 2021). Total committed capital across all vehicles surpasses $1.2 billion.

## Related profiles

- [Icon Infrastructure](https://altss.com/profile/icon-infrastructure)
- [ICONYClabs](https://altss.com/profile/iconyclabs)

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Last updated: 2026-08-11T15:07:05.535Z

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