While it can be tempting to accept opinions of certainty and stability in volatile markets, we have found it best to put our trust in data. In Europe, the fund has backed the likes of the now-public Dutch payments firm Adyen, software firm Collibra, and London-based payments company Primer.In recent months, we have seen many predictions about what will happen next in the macroeconomic environment-recovery, recession, rebound, retrenchment, and so on. Iconiq Growth has backed the likes of cloud firm Snowflake, Airbnb, Robinhood, Zoom, and Uber. Similarly, Iconiq Growth partner Ritika Pai is also set to move from San Francisco to London and is a board observer at Finnish delivery startup Wolt, which was recently bought by US player DoorDash. Yeoh has already led a funding round for the firm into London-based car auction startup Motorway at a unicorn valuation. "Seth will be leading the ICONIQ Growth team based in London where he will focus on expanding our partnerships with category-leading companies whose roots and operations are in Europe," the post read.Ĭalvin Yeoh, who joined Iconiq in 2019 from Morgan Stanley, will also form part of the fund's European expansion, Insider understands. Iconiq confirmed Pierrepont's appointment as a general partner in a blogpost late Thursday. We wish him every success as he takes on his new role at ICONIQ, focused on supporting an incredible European ecosystem that has come of age over the last two decades." Harry Nelis, partner at Accel, said: "Since joining the London office early in his career, Seth has become a valued member of our team. The VC firm has invested in 60 startups currently valued at over $1 billion in the region. Accel has been one of the most active investors in European tech in recent years, according to Crunchbase. Pierrepont joined Accel in 2013 and led investments into fintech startup Anyfin and security automation firm Tines, among others. Iconiq Growth primarily invests in technology businesses and has invested more than $5.4 billion across startups valued at $23 billion on paper, Insider previously reported. Iconiq Growth is the venture capital investing arm of Iconiq Capital, the Silicon Valley wealth-management firm that manages billions of dollars of wealth on behalf of clients such as Facebook CEO Mark Zuckerberg, Facebook chief operating officer Sheryl Sandberg, and, ex-Uber CEO Ryan Graves. This story is available exclusively to InsiderĪnd start reading now. Pierrepont's departure mirrors the exit of another Accel partner Luciana Lixandru, who became the first European partner at rival firm and early Google and Apple-backer Sequoia Capital in 2020. Lightspeed Venture Partners and General Catalyst have both hired investment partners in Europe. Iconiq is the latest in a line of top-tier US investors to build out operations in Europe, where VC investment into startups broke €100 billion ($113 billion) last year. The San Francisco-headquartered fund, which has backed the likes of Chinese tech giant Tencent and Zoom, has appointed Seth Pierrepont, a long-time partner in Accel's London office. US tech investing giant Iconiq Growth has confirmed its expansion into Europe by hiring its first investment partner in the region, Insider can reveal. Iconiq has been searching for a new partner for Europe for a year.The company has hired long-time Accel partner Seth Pierrepont to lead its expansion into the region.Secretive US fund Iconiq Growth has hired its first European investment partner, Insider can reveal. Account icon An icon in the shape of a person's head and shoulders.
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