Zoom Ventures quietly holds a major Anthropic stake — now worth potentially 85x its entry price
Jan 27, 2026
Key Points
- Zoom Ventures holds a roughly $51 million Anthropic stake from a 2023 Series C investment that is now worth potentially 85x its entry price, representing a multi-billion-dollar unrealized gain.
- Zoom's $27 billion valuation could be substantially higher if the Anthropic position is liquidated or Anthropic goes public, giving the corporate venture arm significant hidden optionality.
- Zoom Ventures' successful bets on frontier AI companies like Anthropic, CoreWeave, and Perplexity are establishing the corporate venture arm as a capable investor despite skepticism about corporate VC's ability to move quickly.
Summary
Zoom Ventures holds a roughly $51 million stake in Anthropic from a Series C investment made in 2023 at a $4.1 billion valuation. At Anthropic's current implied valuation around $3.5 billion following recent funding rounds, that position is worth potentially 85x its entry price, translating to a multi-billion-dollar unrealized gain even after dilution.
Zoom itself is valued at $27 billion. If the Anthropic stake is eventually liquidated or if Anthropic goes public, Zoom's own value could increase materially. Zoom's stock has risen 16% in the last five trading days, though it remains down 80% from 2021 peaks.
Zoom Ventures' portfolio also includes CoreWeave (GPU infrastructure), Perplexity (search), and American Express Global Business Travel. The corporate venture arm's track record on AI companies has drawn attention as a capable picker, especially given skepticism in venture circles about corporate VC's ability to move quickly or generate outsized returns.
One unconfirmed story claims Anthropic wanted to use Zoom's enterprise software, and Zoom offered to include an investment as part of the deal. The position demonstrates how corporate venture arms can capture significant optionality on frontier AI labs through standard commercial relationships.