DFX Intelligence
Openai Startup Fund Management, LLC
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureClosed to new capitalunknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
8 events
Every relationship, signal and contact on this record, with the source on each.
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Nothing material in the last 365 days. Last change: 24 May 2023, Latest Form D filed on 24 May 2023: $175M sold of $175M offered, 14 investors. A Form D amount is what was sold at the filing, never a final close.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2021basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- $175Mwhat may be sold, not what was raised; file 802-123080, 021-419097, sworn by the adviser or filed under this vehicle
- Form D sold
- $175Mas of the filing of May 24, 2023, 14 investors
- First sale
- Oct 29, 2021
- Reported GAV
- unknown
- Owners (ADV)
- unknown
- Reported on ADV
- unknown
Fundraising evidenceWhat counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Closed to new capital
Form D filed or amended 2023-05-24: the stated $175.2M offering reported fully sold (fr-1)
evidence dated May 24, 2023.
LifecycleMature
vintage 4 to 7 years
age years: 5first sale: Oct 29, 2021vintage year: 2021adv gav as of: n/avintage basis: Form d first saleform d sold: $175Mform d offering: $175Mform d latest filed at: May 24, 2023
The fund's own reporting through time
0 Form ADV filings
No Form ADV reporting row: this vehicle is known from Form D only.
Principals and agents
1 principal on Form D, 0 placement agents
- SAM Altman Executive Officer
Service providers
none named
No auditor, administrator, custodian or placement agent is named for this vehicle on a filing DFX holds.
Limited partners and their reported performanceWhose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocatorsWhat these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.
0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
13 events
- Mar 13, 2026Openai Startup Fund Spv III, L.P. first reported on Form ADV by Openai Startup Fund Management, LLC (Venture Capital Fund), GAV $17,407,699Fund first reported on Form ADV Inference Form ADV
- Mar 13, 2026Openai Startup Fund Spv IV, L.P. first reported on Form ADV by Openai Startup Fund Management, LLC (Venture Capital Fund), GAV $310,709,614Fund first reported on Form ADV Inference Form ADV
- Mar 13, 2026Openai Startup Fund Spv V, L.P. first reported on Form ADV by Openai Startup Fund Management, LLC (Venture Capital Fund), GAV $411,011,244Fund first reported on Form ADV Inference Form ADV
- Mar 13, 2026Openai Startup Fund Spv VI, L.P. first reported on Form ADV by Openai Startup Fund Management, LLC (Venture Capital Fund), GAV $61,200,382Fund first reported on Form ADV Inference Form ADV
- Mar 13, 2026Openai Startup Fund Spv II, L.P. first reported on Form ADV by Openai Startup Fund Management, LLC (Venture Capital Fund), GAV $137,834,750Fund first reported on Form ADV Inference Form ADV
Evidence
73 observations
Every observation on this vehicle
- Why admitted: VC exemption, VC funds reported Mar 13, 2026 Fact Form ADV
- SEC exemption claimed: Venture capital fund adviser Mar 13, 2026 Fact Form ADV
- SEC exemption claimed: Venture capital fund adviser May 2, 2024 Fact Form ADV
- Form ADV filing: filing Mar 13, 2026 Fact Form ADV
- Form ADV filing: Other-Than Annual Amendment ERA Report May 2, 2024 Fact Form ADV
- Form ADV filing: Other-Than Annual Amendment ERA Report May 2, 2024 Fact Form ADV
- Form ADV filing: Annual Updating Amendment ERA Report Mar 29, 2024 Fact Form ADV
- Form ADV filing: Annual Updating Amendment ERA Report Mar 30, 2023 Fact Form ADV
- Form ADV filing: Annual Updating Amendment ERA Report Mar 29, 2022 Fact Form ADV
- Form ADV filing: Initial SEC ERA Report Dec 20, 2021 Fact Form ADV
- SEC adviser type: Exempt reporting adviser Mar 13, 2026 Fact Form ADV
- SEC adviser type: Exempt reporting adviser Mar 13, 2026 Fact Form ADV
- SEC adviser type: Exempt reporting adviser May 2, 2024 Fact Form ADV
- First Form ADV filing: 2021-12-20 Mar 13, 2026 Fact Form ADV
- First Form ADV filing: 2021-12-20 May 2, 2024 Fact Form ADV
- Adv history loaded: adv-hist-1+panel:2026-09-29 Sep 30, 2026 Fact Form ADV
- Adv history loaded: adv-hist-1+panel:2026-09-25 Sep 26, 2026 Fact Form ADV
- Adv history loaded: adv-hist-1+panel:2026-09-23 Sep 24, 2026 Fact Form ADV
- Adv history loaded: adv-hist-1+panel:2026-09-21 Sep 23, 2026 Fact Form ADV
- Adv history loaded: adv-hist-1+panel:2026-09-22 Sep 23, 2026 Fact Form ADV
- Adv history loaded: adv-hist-1 Sep 12, 2026 Fact Form ADV
- Latest Form ADV filing: 2026-03-13 Mar 13, 2026 Fact Form ADV
- Latest Form ADV filing: 2026-03-13 Mar 13, 2026 Fact Form ADV
- Latest Form ADV filing: 2024-05-02 May 2, 2024 Fact Form ADV
- SEC status: ERA - Active Mar 13, 2026 Fact Form ADV
- SEC status effective: 2021-12-20 Mar 13, 2026 Fact Form ADV
- Venture share of reported funds: 1 Mar 13, 2026 Fact Form ADV
- Venture share of reported funds: 1 May 2, 2024 Fact Form ADV
- Business phone: Mar 13, 2026 Fact Form ADV
- Business phone: May 2, 2024 Fact Form ADV
- Entity type: Limited Partnership May 24, 2023 Fact Form D
- Form D fund type: Venture Capital Fund May 24, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund May 24, 2023 Fact Form D
- Amendment: true May 24, 2023 Fact Form D
- Revenue range (Form D): Not Applicable May 24, 2023 Fact Form D
- Headquarters: San Francisco, CA Mar 13, 2026 Fact Form ADV
- Headquarters: San Francisco, CA May 2, 2024 Fact Form ADV
- Incorporated: withinFiveYears May 24, 2023 Fact Form D
- Jurisdiction: Delaware May 24, 2023 Fact Form D
- Amount sold (Form D): $175M May 24, 2023 Fact Form D
- Offering amount (Form D): $175M May 24, 2023 Fact Form D
- Exemptions: 06c, 3C, 3C.7 May 24, 2023 Fact Form D
- First sale: 2021-10-29 May 24, 2023 Fact Form D
- Investors (Form D): 14 May 24, 2023 Fact Form D
- Minimum investment (Form D): 0 May 24, 2023 Fact Form D
- Securities offered: pooled May 24, 2023 Fact Form D
- Office address: Mar 13, 2026 Fact Form ADV
- Office address: May 2, 2024 Fact Form ADV
- Office address: May 24, 2023 Fact Form D
- Legal form: Limited Liability Company Mar 13, 2026 Fact Form ADV
- Legal form: Limited Liability Company May 2, 2024 Fact Form ADV
- Private funds reported: 7 Mar 13, 2026 Fact Form ADV
- Private funds reported: 7 Mar 13, 2026 Fact Form ADV
- Private funds reported: 2 May 2, 2024 Fact Form ADV
- Private fund gross assets (reported): $4.8B Mar 13, 2026 Fact Form ADV
- Private fund gross assets (reported): $4.8B Mar 13, 2026 Fact Form ADV
- Private fund gross assets (reported): $335M May 2, 2024 Fact Form ADV
- Schedule a diff: sadiff-1 Mar 13, 2026 Fact Form ADV
- Venture funds reported: 7 Mar 13, 2026 Fact Form ADV
- Venture funds reported: 7 Mar 13, 2026 Fact Form ADV
- Venture funds reported: 2 May 2, 2024 Fact Form ADV
- Website: Sep 12, 2026 Fact Form ADV
- Website: Mar 13, 2026 Fact Form ADV
- Website: May 2, 2024 Fact Form ADV
- Site title: Sep 22, 2026 Fact no URL
- Site title: Sep 21, 2026 Fact no URL
- Site title: Sep 20, 2026 Fact no URL
- Site title: Sep 19, 2026 Fact no URL
- Site title: Sep 18, 2026 Fact no URL
- Site title: Sep 17, 2026 Fact no URL
- Site title: Sep 16, 2026 Fact no URL
- Site title: Sep 12, 2026 Fact no URL
- Year of incorporation: 2021 May 24, 2023 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Openai Startup Fund Management, LLC is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Record history
1 identity change, 2 dated events on the change ledger, latest event first
- Merged in2026-09-13
- Form D filed2023-05-24source on record
- Adviser's first ADV filing2021-12-20source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.