Innovative venture capital firm Icon Venture Partners' business focus on early stage enterprise technology companies. It had announced today the closure of a USD100 million fund named Icon Venture Partners I. This is an oversubscribed fund whose purpose is to invest in companies across a number of key enterprise technology sectors.
The company was established back in 2012 by veteran investors Charles Beeler and Jeff Hinck, whose partnership was forged fourteen years prior to the formation of Icon Venture Partners.
According to Icon Venture Partners co-founder and General Partner Charles Beeler, "There has been a massive change in the past five years as early-stage enterprise technology companies can get to market faster and require significantly less capital to do so. This shifts more of the risk to the go-to-market phase. What has not changed is that entrepreneurs want to work with investors who understand the go-to-market challenges, will commit time and resources to help their company succeed and have the capital necessary to support the business as it scales. We formed Icon to meet this specific need."
Join the Conversation