Anthropic, the AI startup behind Claude, hasn't launched its initial public offering yet, but investors wanting exposure to the company have two main routes.
The first option involves secondary markets. Platforms like EquityZen, Forge, and Carta allow accredited investors to buy shares from existing Anthropic shareholders. These marketplaces match buyers with sellers in private transactions. Prices fluctuate based on demand and recent funding rounds. A Series D round in 2024 valued Anthropic at $5 billion, which sets a floor for secondary market pricing. Accredited investors need a net worth exceeding $1 million (excluding home value) or annual income above $200,000 to participate.
The second approach uses venture capital mutual funds and ETFs. Products like Bridger Aerospace Growth Fund and other VC-focused funds hold stakes in private companies including Anthropic. These funds offer broader AI exposure beyond just Anthropic. Minimum investments typically range from $1,000 to $2,500. Fund fees vary but usually fall between 0.5% and 2% annually. This route works for non-accredited investors.
Each method carries distinct risks. Secondary market shares represent illiquid investments that could take months to sell. Pricing on these platforms may not reflect what Anthropic actually goes public at. VC mutual funds diversify risk across multiple companies but dilute your Anthropic-specific bet.
Timing matters here. If Anthropic goes public in 2025, both secondary market investors and fund holders could see gains. But pre-IPO valuations often peak before the actual listing, meaning early investors sometimes face disappointment.
Before investing, read fund prospectuses carefully. Understand that VC funds lock capital away from your portfolio. Secondary market purchases require active monitoring and patience for exit opportunities.
Anthropic's path