# Divesh Makan

> Divesh Makan is a seed investor at ICONIQ Capital backing Health Care. See 12 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: Angel Investor
- Fund: [ICONIQ Capital](https://shizune.co/investors/profile/iconiq-capital)
- Location: San Francisco, United States
- Total investments: 12
- Last investment: Aug 2025
- Lead investor: 25%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/divesh-makan-237107

Divesh Makan is a seed investor at ICONIQ Capital in San Francisco focused on Health Care and Artificial Intelligence. Divesh Kanthylal Makan is the Founder of ICONIQ Capital, LLC. Makan also served at The Goldman Sachs Group, Inc., and Morgan Stanley.

## Contacts

5 contacts available for Divesh Makan: work email, personal email, work phone, personal phone and socials. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-email/divesh-kanthylal-makan?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $26M–$60M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 3 | 25% |
| Artificial Intelligence | 3 | 25% |
| FinTech | 2 | 17% |
| Software | 2 | 17% |
| Financial Services | 2 | 17% |

24 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 17% |
| Series A | 2 | 17% |
| Series C | 2 | 17% |
| Series D | 2 | 17% |
| Funding Round | 2 | 17% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 4 | 33% |
| Brazil | 1 | 8% |
| Bahamas | 1 | 8% |
| The Netherlands | 1 | 8% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Twin Health | Twin Health is a Metabolic Health platform combining Sensors, AI, and Medical Science to reverse chronic diseases and improve human metabolic health. They are backed by leading VC firms Iconiq Capital, Temasek, Sequoia Capital, Perceptive Advisors, Corner Ventures, LTS Investments, Helena, and Sofina with $249M in funding through Series D.Twinhas developed unique patent-pending technology (3 patents granted, 7 patents pending) to analyze complex biosignals from wearable sensors, predict metabolic outcomes using ML, and recommend highly-personalized treatments based on the metabolic profile of each patient. | $53M | Series E | Aug 21, 2025 |  |
| Dr. Treat | Dr. Treat is a pet health and wellness company that provides personalized pet care and is reimagining the approach to the health and wellbeing of companion animals. They offer preventive care, primary care, surgical and dental care, and diagnostic care services for pets. | $2M | Seed | Dec 15, 2023 |  |
| Twin Health | Twin Health is a Metabolic Health platform combining Sensors, AI, and Medical Science to reverse chronic diseases and improve human metabolic health. They are backed by leading VC firms Iconiq Capital, Temasek, Sequoia Capital, Perceptive Advisors, Corner Ventures, LTS Investments, Helena, and Sofina with $249M in funding through Series D.Twinhas developed unique patent-pending technology (3 patents granted, 7 patents pending) to analyze complex biosignals from wearable sensors, predict metabolic outcomes using ML, and recommend highly-personalized treatments based on the metabolic profile of each patient. | $50M | Series D | Dec 13, 2023 |  |
| FTX | FTX Exchange is a cryptocurrency exchange company that develops a platform for professional trading firms. They strive to build a platform suitable for professional trading firms and intuitive enough for first-time users. FTX supports quarterly and perpetual futures for all cryptocurrencies, leveraged tokens, and OTC.FTX was incubated by AlamedaResearch, a top cryptocurrency liquidity provider. Because of this, FTX has had industry order books from day one. | $420.7M | Series B | Oct 21, 2021 |  |
| Twin Health | Twin Health is a Metabolic Health platform combining Sensors, AI, and Medical Science to reverse chronic diseases and improve human metabolic health. They are backed by leading VC firms Iconiq Capital, Temasek, Sequoia Capital, Perceptive Advisors, Corner Ventures, LTS Investments, Helena, and Sofina with $249M in funding through Series D.Twinhas developed unique patent-pending technology (3 patents granted, 7 patents pending) to analyze complex biosignals from wearable sensors, predict metabolic outcomes using ML, and recommend highly-personalized treatments based on the metabolic profile of each patient. | $155M | Series C | Oct 07, 2021 |  |
| Ellipsis Health | Sage provides 24/7 support and simplified healthcare navigation, guiding patients through complex healthcare processes with empathetic conversation. | $26M | Series A | Jun 15, 2021 |  |
| American Cricket Enterprises | American Cricket Enterprises is a strategic partner of the professional T20 cricket league. |  |  | Dec 23, 2020 |  |
| American Cricket Enterprises | American Cricket Enterprises is a strategic partner of the professional T20 cricket league. |  | Seed | Dec 23, 2020 |  |
| Relativity Space | Relativity Space is an aerospace company that designs, develops, and builds 3D-printed rockets. a vertically integrated technology platform, Relativity is at the forefront of an inevitable shift toward software-defined manufacturing by fusing 3D printing, artificial intelligence, and autonomous robotics. It offers a radically simplified supplychain, building a rocket with 100x fewer parts in less than 60 days. Relativity Space is backed by leading investors including Bond, Tribe Capital, Playground Global, Y Combinator, Social Capital, and Mark Cuban. | $500M | Series D | Nov 17, 2020 |  |
| Wildlife Studios | Wildlife Studios is a mobile gaming company that develops games that will mark a generation. The company strives in its major disciplines, which are product, engineering, art, marketing, and data, expanding and building talented and passionate teams in its offices in Argentina, Brazil, Ireland, and the US. | $60M | Series A | Dec 05, 2019 |  |

10 of 12 investments shown.

## Co-investors
- [Temasek](https://shizune.co/investors/profile/temasek) — VC Fund, 3 deals together
- [Able Partners](https://shizune.co/investors/profile/able-partners) — VC Fund, 2 deals together
- [Helena](https://shizune.co/investors/profile/helena) — VC Fund, 2 deals together
- [Helena](https://shizune.co/investors/profile/helena-special-investments) — VC Fund, 2 deals together
- [Sequoia Capital](https://shizune.co/investors/profile/sequoia-capital) — VC Fund, 2 deals together
- [Peak XV Partners](https://shizune.co/investors/profile/sequoia-india-2) — VC Fund, 2 deals together

## About ICONIQ Capital

VC Fund · San Francisco, United States

ICONIQ Capital is a privately-held investment firm that serves some influential families and organizations. The firm is a trusted advisor and thought partner, facilitating meaningful strategic relationships across investment opportunities, family governance, and global impact. ICONIQ provides financial advisory and family office services, andmanages direct investments across asset classes, with a specific focus on technology growth equity, venture capital, middle-market buyout, and real estate.

5 contacts available at ICONIQ Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Caroline Xie | General Partner | https://shizune.co/investors/profile/caroline-xie |
| Chris Hubbell | General Partner | https://shizune.co/investors/profile/chris-hubbell-ad37 |
| Gregory Stanger | General Partner | https://shizune.co/investors/profile/greg-stanger |
| Kamran Zaki | Partner | https://shizune.co/investors/profile/kamran-zaki |
| Michael Anders | Founding Partner | https://shizune.co/investors/profile/michael-anders |

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## FAQ

### What does Divesh Makan invest in?

Divesh Makan invests primarily in Health Care, Artificial Intelligence and FinTech startups, most often at Seed and Series A stage. Most of the 12 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Divesh Makan's check size?

Divesh Makan typically joins rounds of $26M–$60M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Divesh Makan participates in.

### How do I contact Divesh Makan?

Public channels for Divesh Makan include LinkedIn. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### When did Divesh Makan last invest?

The most recent investment recorded for Divesh Makan closed in Aug 2025. Shizune tracks 12 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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