OpenAI secured $8.3 billion in fresh funding at a $300 billion valuation, accelerating toward its $40 billion year-end fundraising target. The oversubscribed round was led by Dragoneer Investment Group, which committed $2.8 billion (10% of its AUM), with participation from Blackstone, TPG, Sequoia Capital, Fidelity, Andreessen Horowitz, and Tiger Global among others. Investors sought to contribute approximately $40 billion collectively, forcing OpenAI to prioritize new strategic backers over existing investors.
The company reported $13 billion in annual recurring revenue as of June 2025, projected to exceed $20 billion by year-end. Paid ChatGPT business subscribers surged from 3 million to 5 million in recent months, while internal forecasts target $125 billion revenue by 2029. Following the announcement, Worldcoin (WLD)—linked to OpenAI CEO Sam Altman—experienced significant price volatility. The funding highlights growing investor confidence in AI, coinciding with a crypto venture capital rebound that saw $10 billion raised in Q2 2025.