Anthropic backers hold billions in paper gains ahead of expected IPO
TechCrunch, citing Bloomberg, details what early and late Anthropic investors including Eric Schmidt, Iconiq, Sequoia and Spark hold before a listing.
What you need to know
TechCrunch, citing Bloomberg, reports that Anthropic backers hold billions in paper gains at the AI lab's latest $965 billion private valuation, ahead of an IPO expected this year at a valuation of as much as $2 trillion.
- Anthropic's listing is expected this year at a valuation of up to $2 trillion
- At the latest $965 billion private valuation, many backer stakes already total billions
- Eric Schmidt's roughly 1% stake is worth nearly $10 billion at that private price
Early backers and late-stage bets
TechCrunch, citing Bloomberg, breaks down what several Anthropic investors are worth at the company's latest private valuation of $965 billion, before an IPO expected this year that the report says could value the lab at as much as $2 trillion.
Eric Schmidt, per PitchBook data cited in the report, invested in Anthropic's 2021 Series A, when the startup was valued at $461 million. He now owns about 1% of the company, a stake worth nearly $10 billion at the current private valuation.
Iconiq wrote a $6 billion check last year, when Anthropic was already valued at $183 billion. That late-stage position is now reported to be worth $17 billion and could double at the IPO. Menlo Ventures led the Series D and has invested more than $1 billion over time, a stake now worth $14 billion.
Later entries and returns
Sequoia backed Anthropic for the first time earlier this year, when the company was valued at $380 billion. Its $3 billion investment gave it about 1% ownership, meaning it has already more than doubled its money.
Sound Ventures invested $35 million in the 2023 Series C round and has since put in an additional $400 million, resulting in a stake now worth billions. Spark Capital, the only VC firm known to hold a board seat, invested $75 million in that same round, when Anthropic was valued at $5 billion; the position has grown more than ninetyfold to $7 billion. All figures are paper valuations, not realized returns.
What is Eric Schmidt's Anthropic stake reported to be worth?
TechCrunch, citing Bloomberg and PitchBook, reports Schmidt invested in the 2021 Series A and owns about 1% of Anthropic, a stake worth nearly $10 billion at the $965 billion private valuation.
Sources & context
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