Funding round
OpenAI Growth
Reported as "Growth Equity"
OpenAI, which works in AI model design and development in San Francisco, raised $8.30B in a Growth round announced on 1 Aug 2025, led by Dragoneer Investment Group, at a $300.00B post-money valuation. 14 firms took part, 14 of them already investors. It is OpenAI's sixth venture round on record; the one before was a Growth in Mar 2025.
$8.30B
Amount raised
$300.00B
Post-money valuation
$291.70B pre-money
14
Investors
1 lead
1.0x
Step-up from the Growth
$300.00B in Mar 2025
2.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced OpenAI at $300.00B after the new money, 1.0 times the $300.00B of its Growth (Mar 2025). The $8.30B bought investors about 2.8% of the company. It came 5 months after OpenAI's Growth. It is 13% of the $66.20B OpenAI has raised in the venture rounds on record. No later venture round is on record for OpenAI.
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 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 this round 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
Dragoneer Investment Group led the round with 13 other firms. Dragoneer Investment Group, Blackstone, TPG and T. Rowe Price and 10 more had backed OpenAI before.
Lead investor
- Dragoneer Investment Group backs 82 venture-backed companies existing investor
Also in the round
- Blackstone backs 83 venture-backed companies existing investor
- TPG backs 114 venture-backed companies existing investor
- T. Rowe Price existing investor
- Fidelity Management existing investor
- Founders Fund backs 368 venture-backed companies existing investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- Coatue backs 229 venture-backed companies existing investor
- Altimeter backs 67 venture-backed companies existing investor
- D1 Capital Partners existing investor
- Tiger Global backs 391 venture-backed companies existing investor
- Thrive Capital backs 130 venture-backed companies existing investor
- SoftBank existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
417 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $53M, and this round was 157 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| isolved Tech Companies | 8 Aug 2025 | $1.90B | not disclosed | Accel-KKR and Goldman Sachs Alternatives |
| Tech Companies | 20 Aug 2025 | $405M | not disclosed | Bezos Expeditions and Prysm Capital |
| Tech Companies | 5 Aug 2025 | $355M | not disclosed | JMI Equity |
| Periodic Labs Tech Companies | 11 Aug 2025 | $200M | $1.00B | Andreessen Horowitz |
| Tech Companies | 1 Aug 2025 | $85M | not disclosed | Maverick Capital |
| Tech Companies | 5 Aug 2025 | $70M | $1.50B | Tencent and VR Capital |
| Tech Companies | 18 Aug 2025 | $43M | not disclosed | Acrew Capital |
| Tech Companies | 14 Aug 2025 | $40M | $1.00B | Ontario Teachers’ Pension Plan |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did OpenAI raise in its Growth round?
OpenAI raised $8.30B in its Growth round, announced in Aug 2025.
Who led OpenAI's Growth round?
Dragoneer Investment Group led it, with Blackstone, TPG, T. Rowe Price, Fidelity Management and Founders Fund and 8 more.
What was OpenAI's valuation at the Growth round?
$300.00B post-money ($291.70B pre-money).
How does it compare with other Growth rounds in Tech Companies?
417 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $53M, and this round was 157 times the median.