THRIVE CAPITAL
295 Lafayette StreetNew York, NY 10012-2722
Website: thrivecap.com
Firm Size
- Assets Under Management (AUM):$14.4 Billion
- Employees:74
- Firm Type:Venture Capital
- Focus Areas:
Software & Technology
Healthcare
Description
Thrive Capital is a venture capital firm that is headquartered in New York City, New York. It was founded in 2009 by Joshua Kushner, brother of Jared Kushner, and has quickly established itself as a key player in the tech investment space. The firm focuses on investing in technology and media companies, with a particular emphasis on early-stage startups. Thrive Capital seeks out companies that are disrupting traditional industries and have the potential for rapid growth and scalability. They have a diverse portfolio that spans various sectors, including e-commerce, fintech, healthcare, and SaaS. Thrive Capital is known for its successful investments in companies such as Instagram, Spotify, Slack, Oscar Health, and Warby Parker, among others. They have a strong track record of identifying and backing companies that go on to become industry leaders and household names. In addition to providing capital, Thrive Capital offers strategic guidance and operational support to its portfolio companies. They have a team of experienced professionals who work closely with entrepreneurs to help them navigate the challenges of building a successful business. The firm has raised multiple funds since its inception, including a $150 million fund in 2009, a $40 million fund in 2011, and a $400 million fund in 2014. Their latest fund, raised in 2019, was valued at $750 million. Overall, Thrive Capital has emerged as a prominent player in the venture capital landscape, with a focus on disruptive technology startups and a proven track record of successful investments. Their presence in New York City has further solidified the city's status as a hub for innovation and entrepreneurship.Latest News
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Aug 22, 2023: Ramp Announces $300 Million in New Funding to Accelerate Expansion in New Categories
Ramp, the finance automation platform designed to help businesses spend less, today announced a $300 million Series D on the back of strong revenue growth, rapidly increasing market share among small and mid-sized businesses, and successful expansion into the enterprise segment over the past year. The company will use this capital to further fuel its industry-leading pace of product development and accelerate its expansion into adjacent categories.
Jun 28, 2023: Parabola Raises $24M Series B to Automate the "Un-Automatable"
Parabola , a collaborative data tool enabling non-technical teams to automate solutions for manual, spreadsheet-based processes, today announces a $24 million Series B funding round led by OpenView , with participation from existing investors Matrix and Thrive Capital . Additional new investors include Flexport, Webflow, and the founders of Harry's, Warby Parker , and Allbirds. With this funding, Parabola will expand its product capabilities and grow its team in pursuit of empowering everyone to leverage automation and AI in their daily work, regardless of their technical capabilities.
Jun 13, 2023: Medivis Raises $20M Series A to Advance Surgery with Augmented Reality
Medivis , a medical technology company with the mission to establish augmented reality as the new standard in surgical navigation, announced a $20 million Series A funding round led by Thrive Capital, with participation from Initialized Capital and Mayo Clinic. Additional investors include Bob Iger , Kevin Durant , Dr. Robert Spetzler , Hugo Barra and Coalition Operators.