Zuckerberg linked family office continues its huge appetite for venture investing

Photo by David Ramos/Getty Images News / Getty Images
Photo by David Ramos/Getty Images News / Getty Images

Iconiq Capital, a closed multi-family office linked to Facebook founder Mark Zuckerberg, has made another investment in a startup, bringing the number of venture investments backed by the family office to around 35 since it was founded in 2011.

The San Francisco-based family office, which is also linked to a number of other tech billionaires, has backed catering startup ezCater, with a series D funding round worth $35 million, according to the Boston-based startup. Also involved in funding round was the New York City venture group Insight Venture Partners, which has done a number of deals with Iconiq.

Iconiq has been involved in backing many high profile startups including SurveyMonkey, the online surveys company, which was managed by Sheryl Sandberg’s late husband. Sandberg, the chief operating office for Facebook, is believed to be one of Iconiq’s clients, along with Twitter co-founder Jack Dorsey. Other big Iconiq investments included the Indian e-commerce group Flipkart, accounting software group BlackLine, the loan platform GreenSky, the electronic signature group DocuSign, and the data group Datadog.

Altogether, Iconiq has been involved in funding rounds with other investors totalling more than $6 billion since 2011, according to CrunchBase numbers.

Iconiq is run Divesh Makan, an ex-Goldman Sachs and Morgan Stanley banker, who is linked to many of Silicon Valley’s tech billionaires, according to reports. The firm employs at least 130 people, according to LinkedIn profiles.