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The OpenAI Startup Fund , the former - phase AI investor affiliated with OpenAI , recently give away in a financial filing that it hasraisedover $ 44 million for its fifth Special Purpose Vehicle ( SPV ) — its bountiful so far .
Launched in 2021 , the Fund has an unusual social organisation . It uses OpenAI ’s name , but saysOpenAI is not an investor . Originally lawfully see to it by OpenAI cofounder and CEO Sam Altman , it has raised money from outside LPs , include Microsoft , a big OpenAI angel , and “ other OpenAI married person , ” harmonise to its website . Altmangave up effectual controlto general cooperator Ian Hathaway before this year .
VCs typically use SPVs to pool money from investor and invest outside their main fund . However , the fund is bide still about on the dot what these funds are for .
A spokesman from OpenAI distinguish TechCrunch that this SPV “ will be used to endorse a variety of live portfolio companies and to make new investment . ”
“ SPVs allow us to allocate working capital to high - possible investment opportunistically . ”
The investment trust , institute in 2021 , has been on a real SPV run this class , disclosing five freestanding vehicle that now add up $ 114.2 million :
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Despite the flurry of activity , its internet site is thin , with its most recentnewsposted a year ago . The web site discloses only a few of its investments , like legal AI startupHarveyand AI note take appMem .
However , the monetary fund is more active than its website suggest . illustrious investments this year includeinclude Thrive Health , an AI wellness venture between Sam Altman and Ariana Huffington , andwarm outbound startup Unify .
The fund is also a come investor in Anysphere , which is presently in the middle of aVC dictation warthanks to its AI code assistant Cursor .
These SPVs are all on top of the Fund’soriginal capitalof $ 175.25 megabyte , which was raised back in October 2021 .
