Josh Kushner’s Thrive Capital Raises $10 Billion in New Funding
The backer of OpenAI, Stripe, SpaceX and Skims says it’s taking “ride-or-die” approach to investing.
AI has been a theme of many of Thrive’s successes, including software firm Databricks Inc., coding startup Cursor and weapons company Anduril Industries Inc.
Source: Thrive Capital
Thrive Capital, the venture capital firm founded by Josh Kushner, has raised more than $10 billion — its largest fund ever, giving the firm an expanded war chest to invest in areas ranging from artificial intelligence applications and infrastructure to space, robotics and life sciences.
The fundraising was heavily oversubscribed, meaning Thrive turned away billions in prospective investments, the firm said. The cash influx, double the size of its last fund, reflects the outsized success of several of the firm’s startups in recent years, including OpenAI, SpaceX and Stripe — all now among the world’s most valuable private companies.