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Tengbo Li

Partner @ ICONIQ Growth

Tengbo Li is a General Partner at ICONIQ Capital, based in San Francisco, California.12 He joined ICONIQ Capital in 2015 and has been instrumental in driving over $1.7 billion in investments.4 Li was recently promoted to General Partner at ICONIQ Growth on January 15, 2025.34

Career Highlights

  • ICONIQ Capital: Partner, Technology Investing (2015 - Present)1
  • McKinsey & Company: Management Consultant (2012 - 2014)1
  • JMI Equity: Investor (2014 - 2015)1

Education

  • Harvard University: AB degree1
  • Stanford University Graduate School of Business: MBA1

Investment Portfolio

Li has been involved in numerous successful partnerships and investments, including:

  • AcuityMD, Articulate, Aurora Solar, Calendly, CaptivateIQ, FreeWill, Glean, Netskope, QGenda, ServiceTitan, Shopmonkey, and Snowflake4

Expertise and Approach

Tengbo Li is known for his:

  1. Focus on application software, vertical SaaS, and AI4
  2. Ability to identify opportunities in overlooked industries4
  3. Commitment to supporting founders and scaling innovative companies1

Li's investment philosophy emphasizes the importance of exceptional founders and the potential for "durable growth" in evaluating opportunities.4

Highlights

Jun 4 · linkedin

When we first met Michael Monovoukas at AcuityMD, we immediately resonated with the thesis behind the business, and we’re excited to be partnering with the AcuityMD team by leading their Series B. Medical device companies have built incredible intellectual property but often need to navigate a labyrinthine commercial pathway to equip healthcare providers with their products. AcuityMD illuminates that pathway, providing data-driven insight into the most relevant markets and specific providers who stand to be empowered by those products. We at ICONIQ Growth believe vertical software businesses achieve their greatest potential when they create differentiated value for all constituents within an industry. AcuityMD represents a pure example of that, enabling medtech companies to thrive, healthcare providers to deliver high-quality care and – ultimately – patients to receive access to life-saving technologies.

Congratulations to Mike, Robert Coe, Lee Smith and the entire AcuityMD team including Alex Wakefield, Brittany Macaulay, Rob Bergland and so many others! We’re thrilled to be your partners alongside our friends at Redpoint Ventures (Logan Bartlett, Jacob Effron), Benchmark (Eric Vishria), StepStone Group, Ajax Health, Artisanal Ventures and Atreides Management, LP on the journey ahead!

Sruthi Ramaswami Sarah Stebbins Mayowa Ogunmola

Related Questions

What are some of the most successful investments Tengbo Li has made at ICONIQ Capital?
How did Tengbo Li transition from McKinsey & Company to ICONIQ Capital?
What industries or sectors does Tengbo Li focus on at ICONIQ Capital?
Can you provide examples of companies Tengbo Li has invested in during his career?
What is Tengbo Li's approach to investing in AI and ML companies?
Tengbo Li
Tengbo Li, photo 1
Tengbo Li, photo 2
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Location

San Francisco Bay Area