NEW YORK — iCapital Network1, the global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, today announced it has been recognized by Forbes on its 2021 America’s Best Startup Employers list. iCapital ranked 181 on the second annual list of the 500 companies leading dynamic workforces in the American startup scene.
Forbes partnered with market research company Statista to identify the top employers from a list of over 2,500 up-and-coming American businesses. The list features companies that were founded between 2011 and 2018 and employ at least 50 people, and that were established independently, rather than being launched from an existing enterprise.
To determine the list, each organization was evaluated based on three criteria.
- Employer reputation, based on a review of articles, blogs and social media posts pertaining to each employer, searching for specific phrases, such as “corporate culture,” “diversity,” and “employee engagement.”
- Employee satisfaction evaluated from online reviews.
- Growth, as examined by the organizations’ website traffic and head counts over a two-year period.
“The iCapital team is very excited to be recognized among the many incredible companies on this list,” said Lawrence Calcano, Chairman and Chief Executive Officer of iCapital Network. “The passion and ingenuity of our team members is what has driven our success. We share a vision for how we are building the global marketplace for alternative investments and enabling our clients’ success. Even as we scale rapidly, each iCapital team member has the opportunity to make an impact, and we strive to create an environment that nurtures our employees’ growth and allows them to do their best work.”
Through the first quarter of 2021, iCapital’s team has grown to more than 390 employees globally from 218 at the end of 2019. As part of its growth, iCapital brought aboard new team members through the acquisitions of Artivest and AI Insight, as well as a 65-person technology team from Runtime Group. iCapital has established global offices in Zurich and Lisbon, with additional international offices planned in London and Singapore.
About Forbes Best Startup Employers
The American startup scene is renowned for its dynamism and innovative drive. To attract the best talent for ensuring growth and performance, startups must compete with other innovative startups and large corporations that possess more spending power. The study “Best Startup Employers 2021” examines best performing startups as an employer through defined KPI’s to guide potential candidates in finding innovative and stable startups to work for. Companies considered in the evaluation must be headquartered in the U.S., founded between the years 2011 and 2018, employing at least 50 employees and exhibit a startup structure. Spin-offs of large corporations without a significant amount of external funding are examples of companies not considered.
Best Startup Employers 2021: Methodology
The Best Startup Employers have been identified by analyzing more than 7 million datapoints. The data is gathered via a social listening campaign and extensive desk research. All data was gathered in Q4 of 2020. In the first step of a gradual approach, organic growth and size were considered to narrow down an initial longlist of more than 10,000 companies to 2,500 companies that qualified for the in-depth analysis. The detailed evaluation of 2,500 employers was based on three different criteria: Reputation as an employer (measured via the KPIs of the social listening campaign in blogs, news, social media); Employee satisfaction (measured via the KPIs average relative tenure and employee reviews); Growth (measured via the KPIs headcount, traffic and job openings). The 500 companies receiving the highest total score were awarded The Best Startup Employers 2021.
About iCapital Network
iCapital Network’s mission is to power the world’s alternative investment marketplace. Its financial technology platform has transformed the way alternative investments are bought, sold, and managed through tech-based solutions for advisors, their high-net-worth client base, wealth management firms, asset managers, and banks. The firm’s flagship platform offers advisors and their clients access to a curated menu of private equity, private credit, hedge funds, and other alternative investments at lower minimums with a full suite of due diligence, administrative support and reporting in a secure digital environment. Wealth management firms use iCapital’s turnkey technology solutions to provide clients with quality funds and simplified operational workflows in an intuitive digital experience. Asset managers and banks leverage iCapital’s tech- enabled services to streamline and scale their private investments operational infrastructure. iCapital was recognized in the 2018, 2019, and 2020 Forbes FinTech 50 and was named Solutions Provider of the Year in the 2020 MMI/Barron’s Industry Awards. As of February 28, 2021, iCapital Network has more than 390 employees and services more than $72 billion in global client assets across more than 753 funds for more than 125,000 underlying accounts.
For additional information, please visit iCapital Network’s website at icapital.com | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Twitter: @icapitalnetwork
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(1) Institutional Capital Network, Inc. and its affiliates (together, “iCapital Network” or “iCapital”)