Company Announcements

OpenAI, the creator of ChatGPT and a leading AI infrastructure company, has closed its largest funding round to date at a valuation of $852 billion

WASHINGTON--(BUSINESS WIRE)--Apr. 1, 2026-- The Fundrise Innovation Fund (VCX) today announced its participation in OpenAI's latest funding round, increasing its existing position in one of the world's most consequential technology companies.

This week, OpenAI announced that it had closed a new financing round of $122 billion in committed capital at a post-money valuation of $852 billion — one of the largest private funding rounds in history. The round was anchored by Amazon, which committed $50 billion, alongside Nvidia and SoftBank at $30 billion each. Microsoft, OpenAI's longtime partner, also participated. Additional investors included Andreessen Horowitz, D. E. Shaw Ventures, MGX, TPG, and T. Rowe Price Associates.¹

In addition, OpenAI shared that it now generates $2 billion in monthly revenue, up from $1 billion at the end of 2024. The company currently reports more than 900 million weekly active users across its consumer AI products and a growing enterprise business driven by adoption of its coding, agentic, and API products.

What is the Fundrise Innovation Fund announcing today?

• The Fundrise Innovation Fund (NYSE: VCX) has participated in OpenAI's latest funding round, increasing its existing position in the company. OpenAI closed $122 billion in committed capital at a post-money valuation of $852 billion — the largest private funding round in history.
• OpenAI is an existing core holding in the VCX portfolio. The Fund first invested in OpenAI in 2023 and has grown its position as the company has scaled to $2 billion in monthly revenue and more than 900 million weekly active users.

Why does this matter?

• OpenAI is one of the most valuable private companies in the world, and this round — backed by Amazon, Nvidia, SoftBank, and Microsoft — represents a historic moment in the buildout of AI infrastructure. VCX shareholders now have increased exposure to that trajectory through a single publicly traded vehicle.
• Most investors cannot access private funding rounds of this scale. The round's anchor commitments came from corporations investing $30–50 billion each. VCX gives individual investors on the NYSE the ability to participate alongside the largest technology companies in the world.

About Fundrise

Fundrise is the largest direct-to-consumer alternative investment platform in the U.S., having pioneered low-fee access to private-market investing for individual investors. Founded in 2012, Fundrise serves millions of users investing across real estate, private credit, and venture capital strategies. The company, headquartered in Washington, DC, has a team of technology and finance experts with deep regulatory experience, having cleared multiple public offerings with the SEC.

About the Fundrise Innovation Fund (NYSE: VCX)

The Fundrise Innovation Fund is a publicly registered, non-diversified, closed-end management investment company filed with the SEC in 2021. The Fund invests in leading private technology and AI companies, providing everyday investors access to venture capital opportunities that have historically been limited to institutional investors.

¹ Source: https://openai.com/index/accelerating-the-next-phase-ai/

Forward-Looking Statements

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Source: Fundrise Innovation Fund