# OpenAI Startup Fund

OpenAI Startup Fund is a Private Equity based in San Francisco, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2021
- **Assets under management:** $175M
- **Website:** openai.fund

## Regulatory record

- **CRD number:** 318221
- **SEC file number:** 802-123080
- **Registration status:** ACTIVE
- **Latest Form ADV filing:** 2026-03-13T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/318221

## About

Openai Startup Fund Management is an exempt reporting adviser in San Francisco, CA. It manages funds for clients based in San Francisco. The firm is headquartered there.

## Sectors

- AI/ML
- Healthcare Services
- Education
- Energy Transition & Renewables
- Infrastructure
- Legal Services
- Sciences

## Questions

### Who runs investment decisions at the OpenAI Startup Fund?

The fund is managed by a dedicated team with expertise in investing, machine learning, engineering, talent and operations. Specific named principals have not been publicly disclosed.

### How does the OpenAI Startup Fund source proprietary deal flow?

The fund invites founders to reach out directly at hello@openai.fund and specifically encourages founders from underrepresented groups to contact them. Beyond this open-application posture, no proprietary sourcing channels have been publicly disclosed.

### Does the OpenAI Startup Fund participate in fund commitments or only direct deals?

Based on publicly available information, the fund focuses on direct, early-stage startup investments in fields where AI can have a transformative effect. No fund-of-funds activity or LP commitments to external funds have been disclosed.

### What investment stages does the OpenAI Startup Fund typically target?

The fund targets early-stage startups and specifically states it is looking to partner with companies at the startup phase. Later-stage or growth-equity activity has not been publicly disclosed.

### Which sectors does the OpenAI Startup Fund explicitly avoid?

The fund has not published a formal exclusion list. Its stated focus spans healthcare, law, education, energy & infrastructure, the sciences, and broader productivity-enhancing AI tools, which implicitly leaves large consumer and non-AI sectors unaddressed in its public mandate.

### How is the OpenAI Startup Fund related to OpenAI itself?

The fund is a structurally separate entity. Its investors include Microsoft and other OpenAI partners, but OpenAI itself is not an investor. This means the fund’s capital does not come from OpenAI’s corporate treasury, and the investment team operates independently.

## Related profiles

- [OpenAir Equity Partners](https://altss.com/profile/openair-equity-partners)
- [Open Capital](https://altss.com/profile/open-capital)

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Last updated: 2026-08-14T12:30:00.000Z

Canonical page: https://altss.com/profile/openai-startup-fund-management

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