¶ Thrive Capital
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Thrive Capital is an American venture capital firm based in New York City, New York. It was founded by Joshua Kushner, brother of Jared Kushner.[1]
¶ History
Joshua Kushner founded Thrive Capital in 2009 with encouragement from Joel Cutler, co-founder of General Catalyst.[1:1] Cutler and General Catalyst led the initial $5 million funding round and introduced Kushner to other investors.[2]
In August 2011, Thrive Capital reported raising $40 million from Hall Capital Partners, Peter Thiel, Princeton University and Wellcome Trust.[3]
Thrive Capital participated in Instagram's Series B funding round in 2012.[2:1]
In December 2014, Thrive led a $70 million funding round into Stripe. Will Gaybrick, former general partner at Thrive, joined Stripe as Chief Financial Officer.[2:2]
In May 2021, Petershill Partners invested $120 million in Thrive Capital.[2:3]
Bob Iger joined as a partner at Thrive Capital in September 2022.[4]
¶ Organization
| Name | Position | Notes |
|---|---|---|
| Joshua Kushner | Founder[3:1] | Oscar Health |
| Will Gaybrick | General Partner (former)[2:4] | Stripe |
| Bob Iger | Partner[4:1] | Disney |
| Jack Dorsey | Advisor[3:2] |
¶ Portfolio
Companies in Thrive Capital's portfolio include:[3:3][5][6][7][8][2:5][9][10]
- Affirm
- Airtable
- Alsym Energy
- Anduril Industries
- Art.sy
- Base Power
- Benchling
- Cadre
- Charm Industrial
- Clair
- ClassPass
- Codegen
- Compass
- Crete Professionals Alliance
- dot.LA
- Essential AI
- Fanatics
- GitHub
- Greenhouse Software
- GroupMe
- Him & Hers Health
- Hot Potato
- Instacart
- Kickstarter
- Lemonade
- Lola
- Medivis
- NuBank
- OpenAI
- Opendoor
- OpenGov
- Oscar Health
- Parafin
- Physical Intelligence
- Plaid
- Pleo
- Ramp
- Rightway Healthcare
- Robinhood
- Scale AI
- Skims
- Slack
- Spotify
- Stripe
- Twitch
- Unity Software
- Vimeo
- Visible Ideas
- Warby Parker
¶ Investors
Thrive Capital's investors include:[3:4][2:6]
- Duke University
- General Catalyst
- Hall Capital Partners
- Peter Thiel
- Petershill Partners
- Princeton University
- Wellcome Trust
¶ External links
Simpson, L. (2022, May 9). How Joshua Kushner – not Jared – became his family’s first billionaire. South China Morning Post. https://web.archive.org/web/20230729025942/https://www.scmp.com/magazines/style/celebrity/article/3176770/joshua-kushner-his-familys-first-billionaire-not-jared ↩︎ ↩︎
Durot, M. (2022, April 26). Thrive’s Josh Kushner: The Other Brother Becomes Family’s First Billionaire. Forbes. http://archive.today/2023.07.29-164314/https://www.forbes.com/sites/mattdurot/2022/04/05/thrives-josh-kushner-the-other-brother-becomes-familys-first-billionaire/?sh=5308acb2c8db ↩︎ ↩︎ ↩︎ ↩︎ ↩︎ ↩︎ ↩︎
Rusli, E. M. (2011, August 22). Joshua Kushner’s Thrive Capital Raises $40 Million. The New York Times. https://web.archive.org/web/20120129195206/http://dealbook.nytimes.com/2011/08/22/joshua-kushners-thrive-capital-raises-40-million/ ↩︎ ↩︎ ↩︎ ↩︎ ↩︎
Woo, E. (2022, September 13). Briefing: Former Disney CEO Bob Iger Joins Thrive Capital. The Information. http://archive.today/2023.05.11-053920/https://www.theinformation.com/briefings/former-disney-ceo-bob-iger-joins-thrive-capital ↩︎ ↩︎
Thrive Capital. Dealroom. Retrieved May 30, 2024, from https://app.dealroom.co/investors/thrive_capital ↩︎
Thrive Capital Portfolio. Dealroom. Retrieved May 30, 2024, from https://app.dealroom.co/investors/thrive_capital/portfolio/current ↩︎
Thrive Capital Exits. Dealroom. Retrieved May 31, 2024, from https://app.dealroom.co/investors/thrive_capital/portfolio/exits ↩︎
Thrive Capital - Investments, Portfolio & Company Exits. Crunchbase. Retrieved May 31, 2024, from https://www.crunchbase.com/organization/thrive-capital/recent_investments ↩︎
Roof, K. (2021, May 19). Goldman Sachs Is Said to Invest in Josh Kushner’s Thrive Capital. Bloomberg. http://archive.today/2021.06.02-170521/https://www.bloomberg.com/news/articles/2021-05-19/goldman-sachs-is-said-to-invest-in-josh-kushner-s-thrive-capital ↩︎
Clark, K., & Brown, A. (2023, February 24). Josh Kushner’s Budding Empire. The Information. http://archive.today/2023.03.30-001527/https://www.theinformation.com/articles/josh-kushners-budding-empire ↩︎