L0 · LabsFrontier lab360 file · Investors

Anthropic investors: every funding round from the first to the IPO

Anthropic's 19 financings from the Series A to the Series H, latest $965B post-money, 67 named investors with lead and co-lead roles, price per share round by round, the auditors, counsel and underwriters, and 14 agreements on file.

Capital raised
$141.1B
to Jun 2026, per the S-1
Latest valuation
$965B
Series H, post-money
Price per share
229x
$2.57 to $589.01
Named investors
64
305 in the largest round

Price per share, round by round

$2.57 to $589.01 · 229x
$1$10$100$1,00020222023202420252026A $2.57B $11.23C $11.23D $30.00E $56.09$61.5B postF $140.97$183B postG $259.14$380B postH $589.01$965B post
Original issue price of each round's preferred stock, from the S-1; valuations are post-money, from the company's announcements.

Before going public

18 financings, oldest first
  1. Series APriced round

    28 May 2021

    $124M · $2.57 a share

    The first priced round, four months after incorporation; individual backers led.

    Led by Jaan Tallinn

    4 other named investors

    James McClave · Dustin Moskovitz · Center for Emerging Risk Research · Eric Schmidt

    Exact text in the source (3)
  2. Series BPriced round

    29 Apr 2022

    $580M · $11.23 a share

    Price per share rose more than fourfold from the Series A.

    Led by Sam Bankman-Fried

    5 other named investors

    Caroline Ellison · Jim McClave · Nishad Singh · Jaan Tallinn · Center for Emerging Risk Research

    Exact text in the source (3)
  3. Zoom Ventures investmentStrategic investment

    16 May 2023

    Amount not stated

    Zoom's venture arm invested alongside a product partnership.

    From Zoom Ventures

    Exact text in the source
  4. Series CC-1, C-2Priced round

    23 May 2023

    $450M · $11.23 a share

    Google joined as an investor; flat price per share from the Series B.

    Led by Spark Capital

    4 other named investors

    Google · Salesforce Ventures · Sound Ventures · Zoom Ventures

    Exact text in the source (3)
  5. Amazon investmentStrategic investment

    25 Sep 2023

    up to $4B

    Amazon committed up to $4 billion and took a minority stake.

    From Amazon

    Exact text in the source
  6. Convertible notesConvertible notes

    Nov 2023

    principal $10.2B · 2 investors

    Notes from two investors since November 2023, later converted into preferred stock.

    Exact text in the source
    • “From November 2023 through the filing date of this registration statement, we issued convertible promissory notes in an aggregate principal amount of $10.2 billion to two accredited investors.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Part II, Item 15. Recent Sales of Unregistered Securities

  7. Series DD-1, D-3Priced round

    Jan 2024 to May 2024

    $1.2B · $30.00 a share · 54 investors

    54 investors at $30.00 a share. No public announcement found.

    Exact text in the source
    • “From January 2024 to May 2024, we sold an aggregate of 39,978,675 shares of our Series D-1 and D-3 redeemable convertible preferred stock to 54 accredited investors at a purchase price of $30.0045 per share, for an aggregate purchase price of approximately $1.2 billion.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Part II, Item 15. Recent Sales of Unregistered Securities

  8. Series DD-1, D-2 (SAFE conversions)SAFEs converted

    Jan 2024

    $121M · 3 investors

    Three SAFEs converted into Series D shares.

    Exact text in the source (2)
    • “In January 2024, we issued 4,443,769 shares of our Series D-2 redeemable convertible preferred stock to two accredited investors upon conversion of simple agreements for future equity with an aggregate principal amount of $120 million at a purchase price of $27.0041 per share.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Part II, Item 15. Recent Sales of Unregistered Securities

    • “In January 2024, we issued 33,328 shares of our Series D-1 redeemable convertible preferred stock to one accredited investor upon conversion of a simple agreement for future equity with a principal amount of $1,000,000 at a purchase price of $30.0045 per share.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Part II, Item 15. Recent Sales of Unregistered Securities

  9. Series EE-1Priced round

    3 Mar 2025

    $3.5B · $56.09 a share · $61.5B post-money · 72 investors

    The first round Anthropic announced with a valuation; 72 investors.

    Led by Lightspeed Venture Partners

    8 other named investors

    Bessemer Venture Partners · Cisco Investments · D1 Capital Partners · Fidelity Management & Research Company · General Catalyst · Jane Street · Menlo Ventures · Salesforce Ventures

    Exact text in the source (2)
    • “From January 2025 to March 2025, we sold an aggregate of 63,610,106 shares of our Series E-1 redeemable convertible preferred stock to 72 accredited investors at a purchase price of $56.0865 per share, for an aggregate purchase price of approximately $3.6 billion.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Part II, Item 15. Recent Sales of Unregistered Securities

    • “Anthropic has raised $3.5 billion at a $61.5 billion post-money valuation. The round was led by Lightspeed Venture Partners, with participation from Bessemer Venture Partners, Cisco Investments, D1 Capital Partners, Fidelity Management & Research Company, General Catalyst, Jane Street, Menlo Ventures and Salesforce Ventures, among other new and existing investors.”

      Anthropic raises Series E at $61.5B post-money valuation, 3 Mar 2025 ↗ · Anthropic newsroom

  10. Series EE-2 to E-5 (note conversions)Notes convertedNon-voting

    Jan 2025 to Mar 2025

    $4.6B

    Convertible notes from strategic investors turned into non-voting Series E shares.

    Exact text in the source (4)
    • “In January 2025, we issued 24,243,584 shares of our Series E-5 non-voting redeemable convertible preferred stock to one accredited investor upon conversion of a convertible promissory note at a purchase price of $53.2822 per share for an aggregate purchase price of approximately $1.3 billion.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Part II, Item 15. Recent Sales of Unregistered Securities

    • “In January 2025, we issued 15,342,945 shares of our Series E-4 non-voting redeemable convertible preferred stock to one accredited investor upon conversion of a convertible promissory note at a purchase price of $50.4779 per share for an aggregate purchase price of approximately $774 million.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Part II, Item 15. Recent Sales of Unregistered Securities

    • “In January 2025, we issued 12,664,555 shares of our Series E-3 non-voting redeemable convertible preferred stock to one accredited investor upon conversion of a convertible promissory note at a purchase price of $44.8692 per share for an aggregate purchase price of approximately $568 million.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Part II, Item 15. Recent Sales of Unregistered Securities

    • “From January 2025 to March 2025, we issued 95,281,934 shares of our Series E-2 non-voting redeemable convertible preferred stock to one accredited investor upon conversion of our convertible promissory notes at a purchase price of $20.9280 per share for an aggregate purchase price of approximately $2.0 billion.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Part II, Item 15. Recent Sales of Unregistered Securities

  11. Series FF-1Priced round

    2 Sep 2025

    $13B · $140.97 a share · $183B post-money · 202 investors

    Valuation tripled in six months; 202 investors.

    Led by ICONIQ, Fidelity Management & Research Company (co-lead), Lightspeed Venture Partners (co-lead)

    19 other named investors

    Altimeter · Baillie Gifford · affiliated funds of BlackRock · Blackstone · Coatue · D1 Capital Partners · General Atlantic · General Catalyst · GIC · Growth Equity at Goldman Sachs Alternatives · Insight Partners · Jane Street · Ontario Teachers' Pension Plan · Qatar Investment Authority · TPG · T. Rowe Price Associates, Inc. · T. Rowe Price Investment Management, Inc. · WCM Investment Management · XN

    Exact text in the source (3)
    • “From August 2025 to September 2025, we sold an aggregate of (i) 92,219,720 shares of our Series F-1 redeemable convertible preferred stock to 202 accredited investors at a purchase price of $140.9676 per share, for an aggregate purchase price of approximately $13.0 billion and (ii) 20,739,866 shares of our Series F-2 non-voting redeemable convertible preferred stock to one accredited investor upon conversion of our convertible promissory notes at a purchase price of $20.9280 per share for an aggregate purchase price of approximately $434 million.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Part II, Item 15. Recent Sales of Unregistered Securities

    • “Significant investors in this round include Altimeter, Baillie Gifford, affiliated funds of BlackRock, Blackstone, Coatue, D1 Capital Partners, General Atlantic, General Catalyst, GIC, Growth Equity at Goldman Sachs Alternatives, Insight Partners, Jane Street, Ontario Teachers' Pension Plan, Qatar Investment Authority, TPG, T. Rowe Price Associates, Inc., T. Rowe Price Investment Management, Inc., WCM Investment Management, and XN.”

      Anthropic raises $13B Series F at $183B post-money valuation, 2 Sep 2025 ↗ · Anthropic newsroom

    • “Anthropic has completed a Series F fundraising of $13 billion led by ICONIQ. This financing values Anthropic at $183 billion post-money. Along with ICONIQ, the round was co-led by Fidelity Management & Research Company and Lightspeed Venture Partners.”

      Anthropic raises $13B Series F at $183B post-money valuation, 2 Sep 2025 ↗ · Anthropic newsroom

  12. Series FF-2 (note conversion)Notes convertedNon-voting

    Aug 2025 to Sep 2025

    $434M · $20.93 a share · 1 investor

    One investor's notes converted into non-voting Series F shares.

    Exact text in the source
    • “From August 2025 to September 2025, we sold an aggregate of (i) 92,219,720 shares of our Series F-1 redeemable convertible preferred stock to 202 accredited investors at a purchase price of $140.9676 per share, for an aggregate purchase price of approximately $13.0 billion and (ii) 20,739,866 shares of our Series F-2 non-voting redeemable convertible preferred stock to one accredited investor upon conversion of our convertible promissory notes at a purchase price of $20.9280 per share for an aggregate purchase price of approximately $434 million.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Part II, Item 15. Recent Sales of Unregistered Securities

  13. Series B shares resoldShares resold

    Oct 2025

    $627M · $140.97 a share · 9 investors

    Anthropic bought back Series B shares that former holders forfeited to the U.S. government, then resold them to nine investors at the Series F price. Anthropic kept no proceeds.

    Exact text in the source
    • “In October 2025, we repurchased 4,453,900 shares of our Series B redeemable convertible preferred stock from the U.S. government, to which such shares had been forfeited by former holders in legal proceedings to which we were not a party, at a purchase price of $140.9676 per share, and contemporaneously resold such shares to nine accredited investors at the same price per share, for aggregate consideration of approximately $627 million.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Part II, Item 15. Recent Sales of Unregistered Securities

  14. Microsoft and NVIDIA commitmentsStrategic investment

    18 Nov 2025

    up to $15B

    NVIDIA committed up to $10 billion and Microsoft up to $5 billion alongside an Azure compute deal.

    From NVIDIA, Microsoft

    Exact text in the source
  15. Series GG-1Priced round

    12 Feb 2026

    $30B · $259.14 a share · $380B post-money · 261 investors

    261 investors; the round also took in part of the Microsoft and NVIDIA commitments.

    Led by GIC, Coatue, D. E. Shaw Ventures (co-lead), Dragoneer (co-lead), Founders Fund (co-lead), ICONIQ (co-lead), MGX (co-lead)

    32 other named investors

    Accel · Addition · Alpha Wave Global · Altimeter · AMP PBC · Appaloosa LP · Baillie Gifford · Bessemer Venture Partners · affiliated funds of BlackRock · Blackstone · D1 Capital Partners · Fidelity Management & Research Company · General Catalyst · Greenoaks · Growth Equity at Goldman Sachs Alternatives · Insight Partners · Jane Street · JPMorganChase · Lightspeed Venture Partners · Menlo Ventures · Morgan Stanley Investment Management · NX1 Capital · Qatar Investment Authority · Sands Capital · Sequoia Capital · Temasek · TowerBrook · TPG · Whale Rock Capital · XN · Microsoft · NVIDIA

    Exact text in the source (4)
  16. Series GG-2 (non-voting)Priced roundNon-voting

    Jan 2026 to May 2026

    $21.7B · $259.14 a share · 5 investors

    Five investors bought non-voting Series G shares at the Series G price.

    Exact text in the source
    • “From January 2026 to May 2026, we sold an aggregate of 83,928,770 shares of our Series G-2 non-voting redeemable convertible preferred stock to five accredited investors at a purchase price of $259.1364 per share, for an aggregate purchase price of approximately $21.7 billion.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Part II, Item 15. Recent Sales of Unregistered Securities

  17. Series GG-3, G-4 (note conversions)Notes convertedNon-voting

    Jan 2026 to Feb 2026

    $1.2B

    Convertible notes turned into non-voting Series G shares.

    Exact text in the source (2)
    • “In January 2026, we issued 3,321,638 shares of our Series G-4 non-voting redeemable convertible preferred stock to one accredited investor upon conversion of our convertible promissory notes at a purchase price of $233.2228 per share for an aggregate purchase price of approximately $774 million.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Part II, Item 15. Recent Sales of Unregistered Securities

    • “From January 2026 to February 2026, we issued 20,562,886 shares of our Series G-3 non-voting redeemable convertible preferred stock to one accredited investor upon conversion of our convertible promissory notes at a purchase price of $20.9280 per share, for an aggregate purchase price of approximately $430 million.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Part II, Item 15. Recent Sales of Unregistered Securities

  18. Series HH-1, H-2Priced round

    28 May 2026

    $65B · $589.01 a share · $965B post-money · 305 investors

    The largest round: 305 investors bought voting H-1 shares and 11 bought non-voting H-2, including $15 billion committed earlier by hyperscalers.

    Led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group (co-lead), Coatue (co-lead), D1 Capital Partners (co-lead), GIC (co-lead), ICONIQ (co-lead), XN (co-lead)

    19 other named investors

    AMP PBC · Baillie Gifford · Blackstone · Brookfield · D.E. Shaw Ventures · DST Global · Fidelity Management & Research Company · General Catalyst · Insight Partners · Jane Street · Lightspeed Venture Partners · MGX · NTTVC · NX1 Capital · Situational Awareness LP · T. Rowe Price Associates, Inc. · T. Rowe Price Investment Management, Inc. · Temasek · Amazon

    Exact text in the source (5)

Investors who came back

64 named investors · 37 came back
InvestorABZoom ’23CAmazon ’23EFMicrosoft ’25GH
D1 Capital Partners•••C
Fidelity Management & Research Company•C••
General Catalyst••••
Jane Street••••
Lightspeed Venture PartnersLC••
Altimeter••L
Baillie Gifford•••
Blackstone•••
Coatue•LC
GIC•LC
ICONIQLCC
Insight Partners•••
XN••C
affiliated funds of BlackRock••
AmazonL•
AMP PBC••
Bessemer Venture Partners••
Center for Emerging Risk Research••
D. E. Shaw VenturesC•
DragoneerCL
Greenoaks•L
Growth Equity at Goldman Sachs Alternatives••
Jaan TallinnL•
James McClave••
Menlo Ventures••
MGXC•
MicrosoftL•
NVIDIAL•
NX1 Capital••
Qatar Investment Authority••
Salesforce Ventures••
Sequoia Capital•L
T. Rowe Price Associates, Inc.••
T. Rowe Price Investment Management, Inc.••
Temasek••
TPG••
Zoom VenturesL•

L led · C co-led · • took part. Named investors only: announcements name the leads and the larger investors, not all of them.

From people to funds to states

named investors in each round, by type
  • A 20215
  • B 20226
  • Zoom ’23 1
  • C 20235
  • Amazon ’23 1
  • E 20259
  • F 202522
  • Microsoft ’25 2
  • G 202639
  • H 202629

IndividualsNonprofitsVenture capitalGrowth and private equityCorporationsAsset managers and banksHedge funds and trading firmsSovereign and pension fundsOther

Investor type is our own classification of each named investor.

Going public

  1. Initial public offeringIPO filing

    Oct 2026

    Amount not stated

    Form S-1 filed on October 26, 2026 to list Class A shares on the Nasdaq Global Select Market as ANT; price range not yet set. The seven co-founders are selling stockholders; 22 banks underwrite, led by Goldman Sachs and Morgan Stanley.

    Exact text in the source (2)

After listing

Once the shares trade, holders come from SEC filings: institutions' quarterly 13F holdings, insiders' Form 4 trades and the proxy's ownership table.

Agreements on file

14 exhibits to the S-1

Each is a filed exhibit; a redacted one keeps its commercial terms private, so no amount is shown unless the filing states it elsewhere.

Auditors, counsel and underwriters

29 named in the S-1
  • Ernst & Young LLPIndependent auditor · since Oct 2025
    Exact text in the source
    • “On October 30, 2025, we engaged Ernst & Young LLP as our independent registered public accounting firm to audit our consolidated financial statements as of and for the year ended December 31, 2025, and dismissed Grant Thornton LLP as our independent registered public accounting firm, in each case as ratified by our board of directors.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Change in Independent Accountant

  • Grant Thornton LLPFormer independent auditor · until Oct 2025
    Exact text in the source
    • “On October 30, 2025, we engaged Ernst & Young LLP as our independent registered public accounting firm to audit our consolidated financial statements as of and for the year ended December 31, 2025, and dismissed Grant Thornton LLP as our independent registered public accounting firm, in each case as ratified by our board of directors.”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Change in Independent Accountant

  • Wilson Sonsini Goodrich & Rosati, P.C.Company counsel for the IPO
    Exact text in the source
  • Freshfields US LLPCounsel to the underwriters
    Exact text in the source
  • Orrick, Herrington & Sutcliffe LLPCounsel on executive compensation and equity
    Exact text in the source
  • Cleary Gottlieb Steen & Hamilton LLPLegal advisor to the Long-Term Benefit Trust
    Exact text in the source
  • Cravath, Swaine & Moore LLPLegal advisor to the co-founders
    Exact text in the source
  • Goldman Sachs & Co. LLCLead underwriter (lock-up agent for the underwriters)
    Exact text in the source
  • Morgan StanleyLead underwriter (lock-up agent for the underwriters)
    Exact text in the source
  • 20 more underwriters: J.P. Morgan · Citigroup · Barclays · Wells Fargo Securities · BofA Securities · Deutsche Bank Securities · RBC Capital Markets · UBS Investment Bank · BMO Capital Markets · BNP PARIBAS · Credit Agricole CIB · Jefferies · Mizuho · MUFG · Societe Generale · TD Securities · BTIG · Cantor · Capital One Securities · Macquarie Capital
    Exact text in the source
    • “Goldman Sachs & Co. LLC Morgan Stanley J.P. Morgan Citigroup Barclays Wells Fargo Securities BofA Securities Deutsche Bank Securities RBC Capital Markets UBS Investment Bank BMO Capital Markets BNP PARIBAS Credit Agricole CIB Jefferies Mizuho MUFG Societe Generale TD Securities BTIG Cantor Capital One Securities Macquarie Capital”

      Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 ↗ · Prospectus cover

Every figure on this page comes from a named document with the exact sentence it was taken from; open “Exact text in the source” under any line. People appear in public roles from the company's own filings and pages. Not investment advice.