6 Ways to Invest in Anthropic

While ChatGPT dominated the early headlines, another AI chatbot has been gaining ground: Claude.

Claude is an AI system that can analyze large volumes of information, generate and edit text, write code, and help automate complex workflows. It's built by Anthropic, an AI safety and research company founded in 2021 by former OpenAI executives.

For the first several years of the AI boom, Anthropic was viewed as a serious model provider but remained a distant second to OpenAI in terms of usage.

That started to change in 2025.

A stronger Claude model and the launch of Claude Code helped push Anthropic into the center of the AI race. What had once looked like a distant No. 2 is now competing with OpenAI across model quality, developer adoption, revenue, and valuation.

Anthropic recently surpassed $47 billion in annualized run-rate revenue, up more than 50% from early April and over 5x its run rate at the start of the year.

Unsurprisingly, investors have been pouring in.

In May 2026, Anthropic raised $65 billion at a $965 billion valuation, more than 2.5x its valuation from just three months earlier. The round pushed Anthropic past OpenAI's $852 billion valuation, making it the more valuable private AI lab for the first time.

Days later, Anthropic took its first formal step toward going public.

On June 1, the company announced that it had confidentially filed draft IPO paperwork with the SEC. The filing gives Anthropic the option to go public once the SEC completes its review, though the number of shares, price range, and timing have not yet been determined. "The proposed initial public offering will depend on market conditions and other factors," the company said in its blog post.

While an Anthropic IPO may be coming later this year, the company is still private for now. But you don't have to wait for the IPO to get exposure.

Here are six ways to invest in Anthropic before it goes public.

1. Buy shares directly from current shareholders

Despite Anthropic being a private company, it is possible to buy shares of its stock through a secondary marketplace called Hiive.

Hiive is a pre-IPO marketplace platform that allows accredited investors to buy and sell shares in private companies and startups.

Accreditation requirements

To qualify as an accredited investor, you must meet one of the following criteria:

• Have an annual income of $200,000 individually or $300,000 jointly.
• Have a net worth that exceeds $1,000,000, excluding your main residence.
• Be a qualifying financial professional.

There are over 3,000 pre-IPO companies on Hiive, including Databricks, Figure AI, and Anthropic:

Anthropic is one of the most active companies on Hiive. There are 37 orders of its stock available as of the time of writing.

Listings are created by existing shareholders who are typically current or former employees, venture capitalists, or angel investors.

Every seller sets their own asking price and quantity of shares. Buyers can either accept the asking prices or place bids.

After creating an account, both buyers and sellers can see the full order book of bids and asks and see the exact prices at which Anthropic's shares are trading.

Hit the button below to create your free account:

Register for Hiive

Forge is another pre-IPO marketplace where accredited investors can find Anthropic shares. Because secondary pricing and availability vary by platform, it can be worth comparing listings on both Forge and Hiive to make sure you're getting the best price.

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2. Invest in the Fundrise Innovation Fund

Fundrise's Innovation Fund (VCX) is a publicly listed venture capital fund available to all investors.

The fund invests in privately held technology companies across multiple verticals, including artificial intelligence, machine learning, and big data.

As of mid-February 2026 (prior to the latest round), Anthropic was its largest position, making up 20.7% of the fund:

As is the case with the ARK Venture Fund (which I cover next), Anthropic is just one of the Innovation Fund's holdings. If you do invest in either of these funds, remember that you're buying a stake in the entire portfolio.

Additionally, VCX is a closed-end fund which, among other things, means it may trade at a premium or discount to NAV.*

*You can learn more about its structure and fees in my Innovation Fund Review.

3. Invest in the ARK Venture Fund

Another way to gain exposure to Anthropic is to invest in Cathie Wood's ARK Venture Fund.

At the end of April (prior to its latest round), Anthropic made up 2.96% of the fund, its 7th largest position:

The fund invested in Anthropic in July 2023. It likely invested at a valuation of between $2–4 billion, which would mean the stake has at least 95x'd in value.

The ARK Venture Fund invests in what it considers to be the world's most innovative companies, public or private. That said, 9 of its top 10 positions (which include SpaceX, xAI, Figure AI, and OpenAI) are all private companies.

The fund has total annual fees of 2.90%. You can go to ARK's website for more information and to learn how to invest in the fund.

4. Invest in Anthropic's stakeholders

As mentioned above, Anthropic has received investments from all four of the major tech companies — Google, Microsoft, Nvidia, and Amazon.

Google

In April 2023, Google (GOOGL) invested $300 million in Anthropic, giving it a 10% stake in the AI lab. Shortly thereafter, Anthropic announced it would also be using Google's cloud computing services.

Google invested an additional $2 billion in October 2023 and another $1 billion in January 2025, bringing its total investment to $3.3 billion.

A little over a year later, in April 2026, Google invested another $10 billion — with another $30 billion potentially to follow — at a $350 billion valuation. As part of the deal, Anthropic committed to consuming at least 5 gigawatts worth of computing capacity from Google Cloud over the next five years.

Google owned 14% of Anthropic as of March 2025. It likely holds a similarly-sized stake today.

Amazon

In September 2023, Amazon (AMZN) invested $1.25 billion in Anthropic and struck a deal to invest as much as $4 billion in the company. In May 2024, Amazon wrote a check for the remaining $2.75 billion.

In November 2024, Amazon invested an additional $4 billion*, bringing its total funding to $8 billion. As part of the deal, AWS became Anthropic's primary cloud and training partner.

*This $4 billion was raised as a convertible note, a type of debt that can be converted to equity (at a pre-determined valuation) at a later date. The valuation was not disclosed.

Then, in April 2026, Amazon agreed to invest up to another $25 billion in Anthropic — $5 billion initially (at its recent $380 billion valuation) and the remaining $20 billion tied to "certain commercial milestones." In exchange, Anthropic committed to spending more than $100 billion on AWS technologies — including current and future generations of Trainium, Amazon's custom AI chips — over the next 10 years.

Most recently, Amazon participated in Anthropic's Series H in May 2026, investing $5 billion of previously committed capital. In its blog post announcing the round, Anthropic wrote, "AWS remains our primary cloud provider and training partner."

Amazon was estimated to own 15–19% of Anthropic as of September 2025, and its stake is likely still in that range today.

Nvidia, Microsoft

In November 2025, Nvidia (NVDA) and Microsoft (MSFT) committed to joining the cap table with investments of $10 billion and $5 billion, respectively.

According to Anthropic, the February 2026 round included "a portion" of those investments. If these investments were made at a $380 billion valuation, the two would have ownership stakes of ~2.8% and ~1.4%.

Alongside the funding, Anthropic purchased $30 billion of compute capacity from Microsoft Azure running on Nvidia systems.

5. Invest in other AI companies and funds

While it's not the same as investing directly in Anthropic, there are other ways to gain exposure to the generative AI ecosystem.

All of the companies listed in the previous section — Microsoft, Amazon, Nvidia, and Google — play critical roles in today's AI stack, whether through model development, cloud infrastructure, or AI-specific hardware.

Google (GOOGL), in particular, is worth highlighting because it operates its own frontier model.

Gemini is consistently ranked among the top large language models, competing directly with ChatGPT and Claude across reasoning, coding, and multimodal benchmarks.

Meta Platforms (META) is another alternative. Meta has invested heavily in AI for more than a decade, with its research efforts spanning large language models, computer vision, and speech processing.

If you'd rather own a basket of AI companies and gain diversified exposure to the space, you can buy an ETF. A few options are:

• Roundhill Generative AI & Technology ETF (CHAT)
• Themes Generative Artificial Intelligence ETF (WISE)

These funds provide broad exposure to companies building models, chips, and infrastructure that power generative AI, without requiring you to pick which lab ultimately comes out on top.

6. Wait for the Anthropic IPO

If none of the above options fit what you're looking for, your final option is to wait for Anthropic to go public.

On June 1, 2026, Anthropic announced it had confidentially submitted draft paperwork for a public listing. Once the SEC completes its review, Anthropic will have the option to IPO as soon as this fall.

The filing means Anthropic may have just leapfrogged OpenAI in the race toward a public offering. The ChatGPT-maker has also been laying the groundwork for a potential offering later this year.

When Anthropic does go public, you'll need a brokerage account to buy it. And if you happen to be in the market, we recommend Public.

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Anthropic stock price

Shares of Anthropic are currently listed at $589.01* on Forge.

Here's a look at how its stock price has changed since January 2023 (not including the latest round):

*As of May 28, 2026. Forge Price derived from private market data. Click here for latest pricing.

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How much is Anthropic worth?

In May 2026, Anthropic raised $65 billion in Series H funding at a $965 billion post-money valuation, more than 2.5x its valuation from just three months earlier.

That prior round had also more than doubled its valuation from five months before, showing just how quickly investor demand for the company accelerated.

Here's a look at Anthropic's valuation history since it was founded in 2021: