Funding round
OpenAI Growth
Reported as "Growth Equity"
OpenAI, which works in AI model design and development in San Francisco, raised $300M in a Growth round announced on 30 Apr 2023, at a $29.00B post-money valuation. 6 firms took part. It is OpenAI's third venture round on record; the one before was a Growth in Jan 2023.
$300M
Amount raised
$29.00B
Post-money valuation
6
Investors
no lead named
1.0x
Step-up from the Growth
$29.00B in Jan 2023
1.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced OpenAI at $29.00B after the new money, 1.0 times the $29.00B of its Growth (Jan 2023). The $300M bought investors about 1.0% of the company. It came 3 months after OpenAI's Growth. It is under 1% of the $66.20B OpenAI has raised in the venture rounds on record. OpenAI raised again 18 months later: a Growth round of $6.60B in Oct 2024, at $157.00B post-money.
OpenAI's funding rounds
OpenAI has 6 venture rounds on record and 2 other deals. This one is highlighted.
- Growth 22 Jul 2019, led by Microsoft $1.00B
- Growth 1 Jan 2023, led by Microsoft $10.00B$29.00B post-money
- Growth this round 30 Apr 2023 $300M$29.00B post-money
- Growth 2 Oct 2024, led by Thrive Capital $6.60B$157.00B post-money
- Debt not a venture round 3 Oct 2024 $4.00B
- Growth 31 Mar 2025, led by SoftBank Group $40.00B$300.00B post-money
- Growth 1 Aug 2025, led by Dragoneer Investment Group $8.30B$300.00B post-money
- Other not a venture round 31 Mar 2026 $122.00B$852.00B post-money
Investors
Who put money in
6 firms took part; no lead investor was named.
Investors
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- Thrive Capital backs 130 venture-backed companies new investor
- Tiger Global Management new investor
Comparable rounds
How it compares
346 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $46M, and this round was 6.5 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 17 Apr 2023 | $260M | not disclosed | TELUS Ventures and Maverix Private Equity |
| Tech Companies | 13 Apr 2023 | $125M | not disclosed | not named |
| Tech Companies | 20 Apr 2023 | $108M | not disclosed | not named |
| Tech Companies | 3 Apr 2023 | $100M | $3.00B | SoftBank Corp. |
| Tech Companies | 25 Apr 2023 | $94M | not disclosed | Jolt Capital |
| Tech Companies | 4 Apr 2023 | $50M | not disclosed | Peterson Partners |
| Tech Companies | 18 Apr 2023 | $30M | not disclosed | General Catalyst |
| Tech Companies | 17 Apr 2023 | $29M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did OpenAI raise in its Growth round?
OpenAI raised $300M in its Growth round, announced in Apr 2023.
Which investors took part in OpenAI's Growth round?
Andreessen Horowitz, Founders Fund, K2 Global, Sequoia Capital, Thrive Capital and Tiger Global Management.
What was OpenAI's valuation at the Growth round?
$29.00B post-money.
How does it compare with other Growth rounds in Tech Companies?
346 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $46M, and this round was 6.5 times the median.
Did OpenAI raise again after this round?
Yes: a Growth round in Oct 2024 of $6.60B at $157.00B post-money.