OpenRouter raises $113.5M in Rule 506(b) equity offering
OpenRouter, Inc. sold $113,470,700 of equity securities under Regulation D Rule 506(b), representing 97% of a $117,000,001 target offering. The Delaware corporation had received investments from 20 investors as of the filing date, with first sales occurring on March 26, 2026. No sales or finders compensation was paid.
Key facts
- Equity offering of $117,000,001 total target
- $113,470,700 sold to date (97% of target)
- 20 investors to date
- Date of first sale: March 26, 2026
- Exemption claimed: Rule 506(b)
- Minimum investment: $0
- No sales or finders compensation
Why it matters
OpenRouter nearly completed a substantial equity raise under Rule 506(b), indicating access to private capital markets without public registration; the minimal minimum investment and large investor count suggest broad participation in the round.
Share
Derived from D filed 2026-07-06. Not investment advice. View the source filing on SEC.gov →