Thrive Capital simply raised $10 billion for a brand new fund — the most important fund it has ever raised and almost double the scale of its final fund. Of this, $1 billion is devoted to early-stage investments, whereas the remaining is for growth-stage investments, based on an announcement from the firm.
Thrive informed Bloomberg that this newest fundraise was oversubscribed. That is the agency’s tenth fund — known as Thrive X — and comes as a number of the agency’s largest investments, together with OpenAI, Stripe, and SpaceX, proceed to soar in worth. A few of the agency’s different notable investments embrace Databricks, Anduril, and Cursor. The agency additionally incubates corporations, having spun up 12 to date, with at the very least six now having reached unicorn standing.
The agency’s technique is to “commit deeply to a small variety of founders,” the agency stated in its announcement. “Focus calls for loyalty to the founders and missions we again.”
Chatting with Bloomberg, Josh Kushner, founding father of the agency, stated he believed the winners of the AI increase would “be larger than we will ever think about,” and that the expertise remains to be nascent.
Thrive’s huge increase additionally hints at one thing else. IPO rumors have swirled round OpenAI and SpaceX particularly, bringing appreciable curiosity from restricted companions awaiting returns. These two corporations may result in an unprecedented move of capital again to limited partners.
We’ve reached out to Thrive for extra data.
Techcrunch occasion
Boston, MA
|
June 23, 2026
