Fenwick Represents Lightspeed Venture Partners in Anthropic's $13B Series F Funding at $183B Post-money Valuation

Fenwick represented Lightspeed Venture Partners, a multi-stage venture capital firm, in Anthropic’s $13 billion Series F funding. This funding values Anthropic at $183 billion post-money.

The round was co-led by ICONIQ, Fidelity Management & Research Company, and Lightspeed Venture Partners with participation from Altimeter, Baillie Gifford, affiliated funds of BlackRock, Blackstone, Coatue, D1 Capital Partners, General Atlantic, General Catalyst, GIC, Growth Equity at Goldman Sachs Alternatives, Insight Partners, Jane Street, Ontario Teachers’ Pension Plan, Qatar Investment Authority, TPG, T. Rowe Price Associates, Inc., T. Rowe Price Investment Management, Inc., WCM Investment Management, and XN.

Anthropic, an AI startup known for developing advanced AI models like the Claude series of large language models, will use the funds to meet growing enterprise demand, deepen its safety research, and support international expansion. Additional information can be obtained here.

The Fenwick transaction team was led by corporate partners Michael Brown and Aaron Ginsburg and included associates Jared Leung and Itka Safir.