iCapital
IC
iCapital Network is a financial technology company that provides software and infrastructure for accessing, managing, and distributing alternative investments. It serves financial advisors, wealth managers, and asset managers with tools designed to streamline private markets investing.
Founded by Lawrence Calcano (Founding partner, Chairman & CEO), Nick Veronis (Co-founder, Managing Partner), Dan Vene (Co-founder, Managing Partner), Phil Pool (Co-founder), John Robertshaw (Co-founder, Chairman)
Blended valuation$7.5B
Valuation history
Weekly blended valuation with priced funding rounds marked on the timeline.
$7.8B
blended valuationfunding round
Jul 26, 2021$3.7BOct 5, 2026
All rounds
12 funding rounds, newest first.
| Round | Announced | Raised | Post-money |
|---|---|---|---|
| Round | Sep 29, 2026 | — | $7.5B |
| Growth | Jul 10, 2025 | $820M | $7.5B |
| Growth | Dec 23, 2021 | $50M | $6B |
| Series E | Jul 27, 2021 | $440M | $4B |
| Series B | Jun 17, 2020 | $16M | — |
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Investors
13 investors across all rounds.
- BLBlackRock
- JMJP Morgan
- THTemasek Holdings
- CACarlyle
- TRT. Rowe Price
- BMBNY Mellon
- MSMorgan Stanley Investment Management
- PAPing An Global Voyager
- SPSurgoCap Partners
- DTDTCC
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Secondary market activity
Recent buy and sell interest for iCapital shares on the secondary market.
| Kind | Implied valuation | Price / share | Date |
|---|---|---|---|
| $6B | $11.25 | Aug 25, 2026 | |
| $4.8B | $9.00 | Aug 8, 2026 | |
| $4.8B | $9.00 | Jul 29, 2026 |
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Data as of Oct 16, 2026. Valuations are estimates blended from primary and secondary-market signals — not investment advice.