Funding round
Anthropic Series C
Anthropic, which works in AI system development in San Francisco, raised $450M in a Series C round announced on 23 May 2023, led by Spark Capital. 13 firms took part. It is Anthropic's fourth venture round on record; the one before was a Growth in Mar 2023.
$450M
Amount raised
Not disclosed
Post-money valuation
13
Investors
1 lead
Valuation
What this round says about the price
Anthropic did not disclose a valuation in this round; its last disclosed one was $4.10B at the Growth (Mar 2023). It came 2 months after Anthropic's Growth. It is under 1% of the $133.85B Anthropic has raised in the venture rounds on record. Anthropic raised again 4 months later: a Series D round of $8.00B in Sep 2023. Its next priced round, a Growth in Oct 2023, valued it at $60.00B.
Anthropic's funding rounds
Anthropic has 13 venture rounds on record. This one is highlighted.
- Series A 28 May 2021, led by Ambient Sound Investments $124M$550M post-money
- Series B 30 Apr 2022 $730M
- Growth 8 Mar 2023, led by Spark Capital $300M$4.10B post-money
- Series C this round 23 May 2023, led by Spark Capital $450M
- Series D 1 Sep 2023, led by Amazon $8.00B
- Growth 1 Oct 2023 $2.00B$60.00B post-money
- Growth 27 Mar 2024 $2.75B
- Growth 22 May 2024 $4.00B
- Growth 22 Nov 2024, led by Amazon $4.00B
- Series E 3 Mar 2025, led by Lightspeed Venture Partners $3.50B$61.50B post-money
- Series F 2 Sep 2025, led by ICONIQ and Lightspeed Venture Partners $13.00B$183.00B post-money
- Series G 12 Feb 2026, led by GIC, Coatue and D. E. Shaw Group $30.00B$380.00B post-money
- Series H+ 28 May 2026, led by Altimeter, Dragoneer Investment Group and Greenoaks $65.00B$965.00B post-money
Investors
Who put money in
Spark Capital led the round with 12 other firms.
Lead investor
- Spark Capital backs 234 venture-backed companies new investor
Also in the round
- GV backs 428 venture-backed companies new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
- Sound Ventures backs 114 venture-backed companies new investor
- Zoom Ventures new investor
- Menlo Ventures backs 215 venture-backed companies new investor
- M12 backs 141 venture-backed companies new investor
- backs 60 venture-backed companies new investor
- backs 146 venture-backed companies new investor
- Wikus Capital Inc. new investor
- GG1978 LLC new investor
- SV Angel backs 293 venture-backed companies new investor
- Alphabet Inc. new investor
Joined the board: Yasmin Razavi (Spark Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
234 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 10 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 25 May 2023 | $115M | not disclosed | Blockchain Capital |
| Tech Companies | 22 May 2023 | $108M | not disclosed | Pitango |
| Tech Companies | 16 May 2023 | $60M | not disclosed | Sapphire Ventures |
| Tech Companies | 18 May 2023 | $50M | not disclosed | Goodwater Capital |
| Tech Companies | 3 May 2023 | $50M | not disclosed | Battery Ventures |
| Tech Companies | 16 May 2023 | $50M | $260M | Salesforce Ventures |
| Tech Companies | 2 May 2023 | $43M | not disclosed | 83North |
| Tech Companies | 25 May 2023 | $39M | not disclosed | International Finance Corporation |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Anthropic raise in its Series C round?
Anthropic raised $450M in its Series C round, announced in May 2023.
Who led Anthropic's Series C round?
Spark Capital led it, with GV, Salesforce Ventures, Sound Ventures, Zoom Ventures and Menlo Ventures and 7 more.
What was Anthropic's valuation at the Series C round?
It was not disclosed; its last disclosed one was $4.10B at the Growth (Mar 2023).
How does it compare with other Series C rounds in Tech Companies?
234 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 10 times the median.
Did Anthropic raise again after this round?
Yes: a Series D round in Sep 2023 of $8.00B.