OpenAI

RVI closed a $75M investment in OpenAI common stock, one of the fund's largest positions to date.

Dragoneer participated in OpenAI's $122 billion funding round at an $852 billion post-money valuation, alongside Amazon, NVIDIA, SoftBank, and many others.

Participated in OpenAI's $122B funding round at $852B valuation, investing approximately $250M.

Invested in OpenAI as part of broader AI infrastructure thesis.

Thrive Capital invested roughly $1 billion in OpenAI at a $285 billion valuation in December 2025, a separate deal from OpenAI's $100B+ funding round. Thrive is expected to also participate in the current round.