White on transparent

$5M Boost: OpenAI Startup Fund Gains Momentum in Latest Financing.

startup fund

According to a filing with the U.S. Securities and Exchange Commission, the OpenAI Startup Fund, a venture fund that invests in early-stage AI firms and recently moved legal authority from Sam Altman to Ian Hathaway, has closed on an additional $5 million.

Two investors contributed the additional cash, which was deposited into OpenAI Company Save SPV III, L.P., a legal company connected to the OpenAI Startup Fund.

The OpenAI Startup Fund has raised an SPV three times now. According to TechCrunch at the time, the investment unit closed on $15 million for its second SPV last month. In February, the firm raised $10 million for its first SPV.

According to another SEC document, the firm held $325 million in gross net asset value earlier this year and had $175 million in commitments last year.

The OpenAI Startup Fund raises funds from external limited partners, such as Microsoft, which is a close partner and investor in OpenAI, even though it operates as a corporate venture capital entity.

PitchBook data indicates that at least 16 firms have received funding from the Startup Fund. These consist of Figure AI, a humanoid robot company, Harvey, and Ambiance Healthcare. Additionally, the fund supported Ghost Autonomy, an autonomous vehicle startup that closed its doors last month.  Visit for more relevant contents.

Scroll to Top