# OpenRouter funding: rounds and investors

> OpenRouter has raised $153M across 2 rounds since 2025. Investors include Andreessen Horowitz, Menlo Ventures and Sequoia Capital. Every round with its source.

Source: https://millionrounds.com/company/openrouter (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *OpenRouter*

2 rounds we have observed, with the 11 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI IT Services Software

Raised 5 months ago

[Featured in October 2026](https://millionrounds.com/featured/2026-10)

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Funding summary Updated 5 Nov 2026

**$153M** raised across 2 rounds since 2025, from 7 sources

**$40M** Series A **$113M** Series B

- **Latest round:** Series B, $113M May 2026
- **Led by:** CapitalG
- **Step-up i:** 2.8×
- **Investors:** 11 (3 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026

**$40M** Series A

**$113M** Series B

- **First round:** Series A, $40M
- **Biggest round:** $113M
- **Between rounds:** 11 months

## The rounds

- **May 2026** Series B **$113M** *6 new* *4 returning* [CapitalG](https://millionrounds.com/fund/capitalg) Lead [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [nVentures](https://millionrounds.com/fund/nventures-2) [Transpose Platform Management](https://millionrounds.com/fund/transpose-platform-management) [ServiceNow](https://millionrounds.com/fund/servicenow) [Databricks](https://millionrounds.com/fund/databricks) [Snowflake Ventures](https://millionrounds.com/fund/snowflake-startup-challenge) [MongoDB Ventures](https://millionrounds.com/fund/mongodb-ventures) Reported by TechCrunch and 3 others SEC filing: $113M sold
- **Jul 2025** Series A **$40M** *5 new* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) Lead [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) Lead [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Soma Capital](https://millionrounds.com/fund/soma-capital) [Transpose Platform Management](https://millionrounds.com/fund/transpose-platform-management) Reported by TechStartups and 2 others SEC filing: $30M sold, first sale May 2025

## Funding filed with regulators

OpenRouter filed 2 raises, $143M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Jul 2026 **$113M** 20 investors of $117M offered SEC Form D
- May 2025 **$30M** 30 investors of $48M offered SEC Form D

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2025 **Series B** 2026 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) L [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) L [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Transpose Platform Management](https://millionrounds.com/fund/transpose-platform-management) [CapitalG](https://millionrounds.com/fund/capitalg) L [Soma Capital](https://millionrounds.com/fund/soma-capital) [nVentures](https://millionrounds.com/fund/nventures-2) [ServiceNow](https://millionrounds.com/fund/servicenow) [Databricks](https://millionrounds.com/fund/databricks) [Snowflake Ventures](https://millionrounds.com/fund/snowflake-startup-challenge)

## Everyone who backed them

[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **2** rounds, led 1

[Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) VC firm **2** rounds, led 1

[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **2** rounds

[Transpose Platform Management](https://millionrounds.com/fund/transpose-platform-management) VC firm **2** rounds

[CapitalG](https://millionrounds.com/fund/capitalg) Corporate VC **1** round, led 1

[Soma Capital](https://millionrounds.com/fund/soma-capital) VC firm **1** round

[nVentures](https://millionrounds.com/fund/nventures-2) VC firm **1** round

[ServiceNow](https://millionrounds.com/fund/servicenow) Corporate VC **1** round

[Databricks](https://millionrounds.com/fund/databricks) Corporate VC **1** round

[Snowflake Ventures](https://millionrounds.com/fund/snowflake-startup-challenge) Corporate VC **1** round

[MongoDB Ventures](https://millionrounds.com/fund/mongodb-ventures) Corporate VC **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=openrouter).

## Quick answers about OpenRouter

### Who invested in OpenRouter?

OpenRouter's investors include Andreessen Horowitz, Menlo Ventures, Sequoia Capital, Transpose Platform Management and CapitalG, and 6 more on record. CapitalG led its latest round.

### How much has OpenRouter raised?

OpenRouter has raised $153M across 2 rounds since 2025.

### When did OpenRouter last raise?

OpenRouter's most recent round was a Series B of $113M in May 2026, led by CapitalG.

### What was OpenRouter's biggest round?

Its most recent round, $113M in May 2026, is also its largest on record.

### Who backed OpenRouter first?

OpenRouter's first round on record, in Jul 2025, was backed by Andreessen Horowitz, Menlo Ventures and Sequoia Capital and 2 others.

### What stage is OpenRouter at?

OpenRouter's latest named round is a Series B, in May 2026.

### Where is OpenRouter based?

OpenRouter is based in the United States.

### Who led OpenRouter's rounds?

Andreessen Horowitz led the Series A in 2025; CapitalG led the Series B in 2026.

## Companies like OpenRouter

In the same sector, and raised in the last eighteen months.

[**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**e2e** $8.0M · Nov 2026](https://millionrounds.com/company/e2e)[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs)[**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute)

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