iCapital has raised a total of $1.49 billion to date, including a $820 million Series E round in July 2025, preceded by a $440 million Series D tranche in July 2021, a $146 million Series C in March 2020, a $11.8 million Series B in December 2017, and a $10 million Series A in June 2015. This funding has supported its growth, enabling investors to access private companies, startups, and real estate investment vehicles. With the latest round pegging its valuation at $7.5 billion, iCapital is poised for further expansion in the alternative-investments infrastructure space.