What some of Anthropic’s backers are worth before its IPO

Anthropic’s public listing, which is expected this year at a valuation of as much as $2 trillion, is bound to be a windfall for both early-stage and later-stage investors. But even at the company’s latest private market valuation of $965 billion, the stakes held by many of those VCs and early backers already total billions.

Anthropic 的公开上市预计将于今年进行，估值高达 2 万亿美元，这注定将成为早期和后期投资者的意外之财。即便以该公司 9650 亿美元的最新私募市场估值计算，许多风险投资机构和早期支持者所持股份的总价值也已达数十亿美元。

Coatue, which first backed Anthropic in 2025 at a $183 billion valuation and co-led the AI lab’s last two funding rounds, has poured a total of $4.75 billion into the company. That stake, based on the last round’s price, is now worth roughly $7.5 billion, according to a person familiar with the matter. Coatue declined to comment.

Coatue 于 2025 年首次以 1830 亿美元的估值支持 Anthropic，并共同领投了该人工智能实验室最近的两轮融资，总计向该公司投入了 47.5 亿美元。据知情人士透露，基于上一轮的定价，该股份目前价值约 75 亿美元。Coatue 对此拒绝置评。

Below is what some other backers of Anthropic are worth based on the last round’s price, according to Bloomberg: Eric Schmidt: The former Google CEO invested in Anthropic’s Series A in 2021, when the startup was valued at $461 million, according to PitchBook data. Today, Schmidt owns about 1% of the company, and even at its current private valuation, his stake is worth nearly $10 billion.

根据彭博社的数据，以下是 Anthropic 其他一些支持者基于上一轮定价所持股份的价值：埃里克·施密特（Eric Schmidt）：据 PitchBook 数据显示，这位前谷歌首席执行官于 2021 年投资了 Anthropic 的 A 轮融资，当时该初创公司的估值为 4.61 亿美元。如今，施密特拥有该公司约 1% 的股份，即使按目前的私募估值计算，其持股价值也接近 100 亿美元。

Iconiq: The investment outfit wrote a $6 billion check to Anthropic last year when the company was already valued at $183 billion. That massive late-stage bet is now worth $17 billion and has the potential to double at the IPO.

Iconiq：这家投资机构去年向 Anthropic 开出了一张 60 亿美元的支票，当时该公司估值已达 1830 亿美元。这笔巨额后期投资目前价值 170 亿美元，并有可能在 IPO 时翻倍。

Menlo Ventures: The VC firm led Anthropic’s Series D and has invested more than $1 billion in the company over time, a stake now worth $14 billion.

Menlo Ventures：这家风投公司领投了 Anthropic 的 D 轮融资，并随着时间推移向该公司投资了超过 10 亿美元，目前其持股价值为 140 亿美元。

Sequoia: The famed VC firm backed the AI lab for the first time only earlier this year, when the company was already valued at $380 billion. The $3 billion investment gave it about 1% ownership, which means it has already more than doubled its investment.

红杉资本（Sequoia）：这家著名的风投公司直到今年早些时候才首次支持该人工智能实验室，当时该公司估值已达 3800 亿美元。这笔 30 亿美元的投资使其获得了约 1% 的所有权，这意味着其投资回报已经翻了一番多。

Sound Ventures: The firm, launched by Guy Oseary and actor Ashton Kutcher, invested $35 million in Anthropic’s 2023 Series C round and has since funneled an additional $400 million into the company, resulting in a stake that’s worth billions now. (Kutcher left Sound Ventures this year to launch a new VC firm.)

Sound Ventures：由盖伊·奥瑟里（Guy Oseary）和演员阿什顿·库彻（Ashton Kutcher）创立的该公司在 Anthropic 2023 年的 C 轮融资中投资了 3500 万美元，此后又向该公司投入了 4 亿美元，目前其持股价值已达数十亿美元。（库彻今年离开了 Sound Ventures，创办了一家新的风投公司。）

Spark Capital: The only VC firm known to hold a board seat at Anthropic invested $75 million in that same 2023 Series C round, when it was valued at $5 billion. That position has ballooned more than ninetyfold to $7 billion.

Spark Capital：作为唯一已知在 Anthropic 拥有董事会席位的风投公司，其在 2023 年的同一轮 C 轮融资中投资了 7500 万美元，当时公司估值为 50 亿美元。该持仓已增长超过 90 倍，达到 70 亿美元。