Yasmin Razavi Turns $75 Million Anthropic Bet Into $3 Billion, Lands No. 13 Midas Debut
Updated
Updated · Forbes · May 27
Yasmin Razavi Turns $75 Million Anthropic Bet Into $3 Billion, Lands No. 13 Midas Debut
1 articles · Updated · Forbes · May 27
$75 million from Spark Capital has grown to at least $3 billion after Yasmin Razavi led Anthropic’s 2023 round at a $5 billion valuation, earning the 37-year-old investor her first Midas List spot at No. 13.
Razavi was one of the few traditional VCs to back Anthropic early, writing Spark’s biggest-ever check and pressing the company to treat coding as a standalone market.
Claude Code became the payoff: Anthropic said the tool reached $2.5 billion in run-rate revenue by April, while Dario Amodei said the business expanded 80-fold in the first quarter.
Anthropic is now valued at $380 billion and is discussing a new round at $900 billion, with IPO talk building as second-quarter run-rate revenue is expected to top last year’s $4.5 billion hard revenue.
The win highlights how returns from Anthropic, OpenAI and SpaceX now dominate venture capital, with Forbes estimating those three companies alone could generate $815 billion in profit at current private valuations.
With sovereign funds now leading AI investment, is the era of VC-led jackpots like Anthropic already over?
Is Anthropic's 'constitutional AI' a true safety breakthrough, or just clever marketing in a hyped-up market?
Anthropic’s Trillion-Dollar Ascent: Yasmin Razavi’s High-Conviction Bet and the Future of AI Venture Capital
Overview
Anthropic is experiencing explosive growth, with its valuation rapidly escalating and revenue expanding significantly. The company is in talks to raise capital at a valuation exceeding $900 billion, potentially reaching $1 trillion, which would surpass its main rival. Earlier in 2026, Anthropic closed a $30 billion funding round, achieving a post-money valuation of $380 billion—a dramatic jump from $40 billion in late 2024. This rapid rise highlights Anthropic’s unprecedented market momentum and sets the stage for its anticipated IPO, which will test whether such high valuations can withstand public market scrutiny.