A24 Thrive Capital Secures New Funding Round

A24 Thrive Capital has secured a new funding round, which is a significant milestone for the company.

This funding will enable A24 Thrive Capital to expand its investment portfolio and support more innovative projects in the entertainment industry.

The company's commitment to backing bold and creative ventures has paid off, with a growing list of successful investments under its belt.

A24 Thrive Capital's new funding round is a testament to its growing influence and reputation as a leader in the entertainment industry.

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A24 has seen a roughly 40% increase in value since its first fundraise in 2022, when it had a $2.5 billion valuation.

The studio received a fresh shot of capital from a new funding round led by Josh Kushner's New York-based investment firm Thrive Capital.

Thrive Capital, which had $16 billion in assets under management as of 2022, was valued at more than $5 billion last year.

Josh Kushner, the founder of Thrive, will join A24's board of directors as part of the investment.

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A24 has built a library of over 150 films and 50 TV series and received 16 Oscars, 14 Golden Globes, and 18 Emmys.

The studio's early growth was fueled by the release of 2012's "Spring Breakers", which marked a significant milestone in A24's history.

A24 received support from existing investors who participated in its last funding round, in addition to Thrive Capital's investment.

Thrive Capital has invested in companies like Instagram, Twitch, and Spotify, and has a unique expertise that will be invaluable in A24's growth.

A24 is looking to expand its strategy beyond arthouse fare and into the commercial space, with more IP-driven films and shows.

Josh Kushner, a successful investor and husband of supermodel Karlie Kloss, has backed A24 with a significant investment through his venture capital firm Thrive Capital.

A24 has a proven track record of producing critically acclaimed and commercially successful films and TV series, with a library of over 150 films and 50 television series.

The studio has garnered a haul of Oscars, Golden Globes, and Emmys, and has built a passionate fan base.

A24's founders, Daniel Katz, David Fenkel, and John Hodges, maintain a significant majority ownership stake in the company, alongside employees.

External investors own about 12.5% of the company, following the latest fundraise.

A24 has partnered with Thrive Capital to support its growth and help its storytellers reach audiences worldwide.

The studio has an exciting slate of upcoming releases, including films starring Dwayne "The Rock" Johnson, Emily Blunt, Florence Pugh, and Nicole Kidman.

Thrive Capital invested $75 million into A24, bringing the company's valuation to $3.5 billion.

This valuation marks a 40% increase over A24's previous round of funding in 2022, when it was valued at $2.5 billion.

Kushner, the brother of Jared Kushner, will join A24's board of directors as part of the investment.

A24 plans to expand its production and distribution efforts following the investment.

The studio also aims to invest in live theater, consumer products, and music.

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