What is Icon?
Icon Financial Services LLC operates as an online platform providing investment advisory services exclusively to United States residents over 18 years old. The company emphasizes that its services are available only through its platform and that past performance is not indicative of future results. Icon Financial partners with Apex Clearing Corporation for custody and clearing services, ensuring a robust infrastructure for its operations. The firm's focus on a digital-first approach to investment advice aims to democratize access to financial planning and management tools.
How much funding has Icon raised?
Icon has raised a total of $3.2M across 1 funding round:
Angel/Seed
$3.2M
Angel/Seed (2020): $3.2M with participation from Kelly Innovation Fund, Rethink Impact, Alumni Ventures, Tom Blaisdell, TASC Ventures, and Portland Seed Fund
Key Investors in Icon
Rethink Impact
Rethink Impact is a venture capital firm that invests in entrepreneurs, technology platforms, and networks focused on creating ecosystems of change. The firm targets leaders who utilize technology to address significant global challenges across various sectors, including healthcare, economic opportunity, environmental sustainability, and education.
Alumni Ventures
Headquartered in Manchester, New Hampshire, Alumni Ventures Group (AVG) creates and manages alumni venture capital funds at top colleges and universities. The company offers a tested playbook, structures, processes, staff, and regulatory knowledge to take the headache out of running a venture capital firm.
Portland Seed Fund
Portland Seed Fund is a leading early-stage venture fund that focuses on investments in Portland and the Pacific Northwest, targeting entrepreneurs with potential and visionary investors. Since its inception in 2010, the fund has become the most active venture capital investor in Oregon, investing in over 200 capital-efficient companies across diverse sectors.
What's next for Icon?
The recent major strategic investment of $3.2M signals a pivotal phase for Icon Financial. This capital infusion is expected to fuel further development of its online platform, enhance its service offerings, and potentially expand its market reach. The company's commitment to providing accessible investment advisory services, coupled with this significant backing, suggests a strategic push towards scaling its operations and solidifying its position in the competitive fintech landscape. Future initiatives will likely focus on leveraging technology to improve user experience and broaden its client base.
See full Icon company page
