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Spark Capital’s $75M Anthropic bet is now worth about $7B

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A 2023 check written in the early post-ChatGPT scramble has become one of venture capital's standout returns as Anthropic prepares for a potential IPO In May 2023, Spark Capital put $75 million into a two-year-old AI startup called Anthropic . That stake is now worth about $7 billion, according to a Bloomberg report published October 22, 2026. That works out to a return of roughly 93x. Most venture funds would be thrilled to see that multiple across an entire portfolio, never mind a single check. The timing matters. Anthropic is reportedly preparing to file for an IPO, and figures discussed for a potential public valuation run between $1.5 trillion and $2 trillion. Spark ’s paper gain could get a lot less theoretical in the near future.

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