IconQ Vcs spent two years in the convergence of harmony and the company does not sell its share

The world of VC Tech Abuzz was on Thursday when Neobank Harmony has become a successful public company. Chime raised $ 864 million at a price of $ 27, which has emerged, and opened with $ 43.

This was not the largest public subscription in the year. Coreave collection, for example, $ 1.5 billion in MarchThe market value on the first day was about 14 billion dollars, too. (The price and evaluation price has increased since then.

However, the Chime’s Cap table includes Whin of Silicon Valley Investors, many of whom celebrate publicly and privately win their wallet company.

This includes iconiq’s yoonkee Sull. Sull told Techcrunch that he and his partner in investing in Iconiq, Greg Stanger, spent two years watching and following the harmony before writing a check.

It is known, of course, well known in the valley as the family office of some of the most famous billionaires in this field, such as Mark Zuckerberg. With 80 billion dollars of management assets, it invests in everything from stocks to real estate and also has an investment capital arm, which is largely investing in the growth phase. Its wallet includes the burqa, Canva, databrics, Glean, idea, and slope. If you have heard about a company, ICONIQ may have a stake.

Sull said that he and Stack First Fors-Chime Chime Chris Brest and Ryan King in 2017. They went to the harmony of the meeting, not the other way around. IconQ VCS tends to prefer the deals issued with well -assembled founders, instead of stadium sessions to the United States.

However, getting iConiq comes to connecting after only one year after it was britt and King’s BRUTBLING 2016 is a major shift. He told Techcrunch that resonance was running out of criticism in 2016. King was desperate to raise and reject more than 100 VCS. Lauren Kulodini, a partner on the side, saved the co -founder of Acre Capital, the company with a $ 9 million series of extension tour.

Sol admits that the 2017 informal meeting was “the first days in that time stage, but I believe that what they want to accomplish and do was clearly crystallized,” says Seoul about the founders. Renin puts himself as banking resources and credit building for the average person and the corresponding mockery of wealth management and anxiety in ICONIQ.

VCS has also seen the founders over the next two years, “Handing against the things they said they would do,” says Seoul, Iconi was convinced of the elbow facility The subscription was overclocking 200 million dollars in 2019. It paid investors from the D $ 5.22 for the share, a ring was unveiled in S-1 files.

“When we investigated our investments in 2019, there was literally ten of the other competitors chasing a similar thesis or idea,” Sol said. Iconiq chose a resonance, and participated in follow -up rounds, because investors believed that the founders were more focused and did not pay attention to “new shiny creatures”.

For follow -up rounds, investors from the E series paid about $ 41, and the series F at a price of $ 60 per share, and chime was revealed. So even with solid public subscription, not all shares above water yet.

Sull will not comment on the amount of the icon he paid for its share, which is not large enough to reveal it publicly. But he said that iconiq does not want to liquidate.

“We have our shares, and we are selling in public subscription,” he said. Perious shareholders, including employees, are now Taking into account the 180 -day imprisonment period, too.

Iconiq is one of the many supporters of Chime who got a bosom in Chime graduation to become a public company. The investor, Sean Carolian, wrote from Menlo Votshers, on our congratulations Blog Post: “As with most of the winners in the field of consumer technology, what might look forward to some like the story of success overnight was actually difficult years of making.”

Then there is Cathay Innovation, which led the B 15 million chain in 2017 and sold 3.75 million shares in the public subscription from the share of 15.3 million. Series B with a capacity of 47 cents, the resonance was unveiled.