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- Anthropic’s IPO comes with no VC holding more than 2%
Newcomer reports that no venture firm owns more than 2% of Anthropic, based on investor documents and six sources familiar with its funding rounds. Anthropic communicated to investors that keeping each venture firm below that threshold would prevent any single investor from exercising outsized control ahead of a planned IPO. The report traces how Spark Capital, Menlo Ventures, Lightspeed and Iconiq entered through later funding rounds as Anthropic’s valuation rose from about $4.6 billion in 2023 to $183 billion in 2025.
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