{"id":188164,"date":"2024-04-26T14:29:04","date_gmt":"2024-04-26T19:29:04","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2024\/04\/openai-startup-fund-quietly-raises-15m"},"modified":"2024-04-26T14:29:04","modified_gmt":"2024-04-26T19:29:04","slug":"openai-startup-fund-quietly-raises-15m","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2024\/04\/openai-startup-fund-quietly-raises-15m","title":{"rendered":"OpenAI Startup Fund quietly raises $15M"},"content":{"rendered":"<p><a class=\"blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/openai-startup-fund-quietly-raises-15m3.jpg\"><\/a><\/p>\n<p>The <a href=\"https:\/\/techcrunch.com\/2021\/05\/26\/openais-100m-startup-fund-will-make-big-early-bets-with-microsoft-as-partner\/\">OpenAI Startup Fund<\/a>, a venture fund related to \u2014 but technically separate from \u2014 OpenAI that invests in early-stage, typically AI-related companies across education, law and the sciences, has quietly closed a $15 million tranche.<\/p>\n<p>According to a <a href=\"https:\/\/whalewisdom.com\/filing\/openai-startup-fund-spv-ii-lp-d-2024-04-25\" target=\"_blank\" rel=\"noopener\">filing<\/a> with the U.S. Securities and Exchange Commission, two unnamed investors contributed the $15 million in new cash on or around April 19. The paperwork was submitted on April 25, and mentions Ian Hathaway, the OpenAI Startup Fund\u2019s manager and sole partner.<\/p>\n<p>The capital was transferred to a legal entity called a special purpose vehicle, or SPV, associated with the <a href=\"https:\/\/openai.fund\/\" target=\"_blank\" rel=\"noopener\">OpenAI Startup Fund<\/a>: OpenAI Startup Fund SPV II, L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The OpenAI Startup Fund, a venture fund related to \u2014 but technically separate from \u2014 OpenAI that invests in early-stage, typically AI-related companies across education, law and the sciences, has quietly closed a $15 million tranche. According to a filing with the U.S. Securities and Exchange Commission, two unnamed investors contributed the $15 million in [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,1496,6,1491],"tags":[],"class_list":["post-188164","post","type-post","status-publish","format-standard","hentry","category-education","category-law","category-robotics-ai","category-transportation"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/188164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=188164"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/188164\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=188164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=188164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=188164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}