Thrive Capital Venture Capital Firm Overview

Thrive Capital is a venture capital firm that has been making waves in the startup world. Founded in 2010, Thrive Capital has a strong track record of investing in successful companies.

Thrive Capital's team is led by Daniel Gross, who has a deep understanding of the startup ecosystem. With a network of experienced investors and a data-driven approach, Thrive Capital is well-equipped to identify and support promising startups.

Thrive Capital has invested in a range of successful companies, including Venmo, Stripe, and Robinhood. These investments have not only generated significant returns but have also helped to shape the fintech industry.

Thrive Capital has made 311 investments, with their latest investment being in Kittyhawk as part of their Unattributed VC on January 26, 2023.

The majority of these investments are in early-stage companies, with Thrive Capital typically investing in Seed, Series A, and Series B rounds. In fact, they've made 62 investments in Series A companies, 41 in Seed companies, and 34 in Series B companies.

Here's a breakdown of the company stages Thrive Capital generally invests in:

Thrive Capital has made a significant number of investments, with 311 deals under their belt. They have a diverse portfolio, with investments in various stages of company growth.

Thrive Capital's latest investment was in Kittyhawk as part of their Unattributed VC on January 26, 2023. This highlights their ongoing commitment to supporting innovative companies.

The firm has a clear preference for investing in Series A, with 62 investments in this stage. They also invest in Seed, Series B, Series C, Series D, and other stages, but to a lesser extent.

Here's a breakdown of the different stages of investment by Thrive Capital:

Thrive Capital has also had success with their investments, with some companies going on to achieve significant milestones. For example, Instacart, which Thrive Capital invested in, went public in September 2023, raising $220 million in its Series C round.

Thrive Capital has made 311 investments. Their latest investment was in Kittyhawk as part of their Unattributed VC on January 26, 2023.

Thrive Capital's investments are diverse, with a range of round types including Seed VC, Series B - II, and Unattributed VC.

In one notable investment, Thrive Capital co-invested with other firms in Nourish, a company that received $8M in funding as part of a Seed VC round on January 21, 2023.

Thrive Capital has also invested in ClickHouse, a company that received funding as part of a Series B - II round on December 6, 2022.

Here's a breakdown of some of Thrive Capital's investments:

Thrive Capital's investments often involve co-investors, such as Andrew Adams and Y Combinator, as seen in the Nourish investment.

Thrive Capital has a total of 13 funds, including Thrive Capital Partners VIII.

The fund with the largest amount is Thrive Capital Partners VIII, which closed on February 17, 2022, with an amount of $3,000M.

Thrive Capital Partners VII Growth is another notable fund, closing on February 17, 2021, with an amount of $1,500M.

One of the earlier funds is Claremount VI Associates, which closed on October 25, 2018, with an amount of $20M.

Here are the details of the 13 funds:

Note that the amounts for Thrive Capital Partners VI and Thrive Capital Partners VI Growth are not publicly disclosed.

Thrive Capital has made 311 investments, with their latest being in Kittyhawk as part of an Unattributed VC round on January 26, 2023.

They seem to be investing in a variety of companies, with rounds ranging from Seed VC to Series E.

Thrive Capital is not afraid to co-invest with other firms, as seen in their investment in Nourish, where they partnered with Andrew Adams, April Koh, BoxGroup, and several others.

Thrive Capital's secret sauce is what sets them apart from other venture capital firms. They can move quickly, making decisions in just a few days.

One key decision maker is a big part of this speed. Having a single point of contact can make a huge difference in getting things done efficiently.

Their investment strategy is backed by data, but also relies on gut instinct. This unique combination helps them make informed decisions.

Here's a breakdown of what makes Thrive Capital's secret sauce so effective:

Thrive Capital generally invests in Series A startups, with 62 investments in this stage.

Their investment strategy is quite focused, with a significant majority of their investments happening at the Series A stage. This suggests they're looking for companies that have already gained some traction and are ready for the next level of growth.

Here's a breakdown of their typical investment stages:

It's worth noting that Thrive Capital also invests in Seed stage startups, with 41 investments in this area. This indicates they're willing to take on more risk and support companies from an earlier stage.

This investment strategy focuses on sectors with high growth potential, such as technology, healthcare, and renewable energy. These sectors are poised for significant growth due to increasing demand and innovation.

The investment strategy prioritizes technology, with a focus on companies that are developing cutting-edge solutions in areas like artificial intelligence, cybersecurity, and data analytics. This includes investments in companies that are leading the charge in the development of 5G technology.

Healthcare is another key sector, with a focus on companies that are working on innovative treatments and cures for diseases. This includes investments in companies that are developing personalized medicine and gene editing technologies.

Renewable energy is also a priority, with investments in companies that are working on solar, wind, and hydroelectric power. This includes investments in companies that are developing more efficient and cost-effective ways to generate renewable energy.

The investment strategy also includes investments in companies that are working on sustainable infrastructure, such as green buildings and electric vehicles. This includes investments in companies that are developing innovative materials and technologies for sustainable construction.

Thrive Capital has made a total of 311 investments. They've been quite active in the past year, with several notable investments.

Their latest investment was in Kittyhawk, a company they invested in as part of an Unattributed VC round on January 26, 2023. This was their first investment in Kittyhawk.

Thrive Capital has also invested in other companies, such as Nourish, a company they invested in as part of a Seed VC round on January 21, 2023, for $8 million.

Here are some key details about Thrive Capital's recent investments:

Thrive Capital often co-invests with other companies, such as Andrew Adams, April Koh, and BoxGroup, as seen in their investment in Nourish.

Thrive Capital has a strong team and network of partners. Thrive Capital has 1 strategic partner, TLT, which they partnered with on March 3, 2013.

Thrive Capital's team is based in major cities like New York City and San Francisco. The team includes members like Jared Weinstein, who is based in New York City.

Here's a look at some of the key members of Thrive Capital's team:

Our team at Thrive Capital is comprised of individuals with diverse backgrounds and expertise.

Kareem Zaki is based in New York City.

Nabil Mallick and Jared Weinstein also call New York City home.

Kelly Sims is our representative in San Francisco.

Katie Josephson is another team member based in New York City.

Here's a rundown of our team members' locations:

Co-investors play a significant role in Thrive Capital's success. Over the past 14 years, 1365 investors have co-invested in Thrive Capital's portfolio companies.

Thrive Capital has a strong network of co-investors, including some big names that have invested in rounds before Thrive Capital. Y Combinator, a16z, and 350 others have all invested in companies before Thrive Capital, with Y Combinator investing in 12 companies and a16z investing in 10 companies.

SV Angel is a notable co-investor, having partnered with Thrive Capital in 23 companies. This level of collaboration and shared investment is a testament to the strength of Thrive Capital's network.

A total of 539 investors have invested in Thrive Capital's portfolio after their initial investments. This includes top investors like Tiger Global Management, which has invested in 15 companies, and Wellington, which has invested in 9 companies.

Here are some of the top co-investors of Thrive Capital, along with the number of companies they've invested in together:

Thrive Capital has been involved in some exciting news recently. Sierra, a conversational AI company, raised $175 million in funding led by Greenoaks Capital, with Thrive Capital contributing to this new funding round.

Sierra's valuation more than quadrupled to $4.5 billion, a significant increase from its $1 billion valuation in January. This funding round will help Sierra expand its AI agent technologies for customer services.

Thrive Capital has also been mentioned in 33 CB Insights research briefs, most recently on May 3, 2022. This highlights the importance of Thrive Capital's involvement in the investment and research communities.

Sierra's unique approach to AI involves reducing hallucinations, where large language models generate false details. This focus sets Sierra apart from other AI companies.

Sierra works with companies like ADT, Sonos, Casper, and Weight Watchers to implement AI agent technologies that can be customized to each client's corporate brand. This includes using different accents, tones, and emojis to match the brand's personality.

Thrive Capital has made some notable acquisitions over the years.

Their first acquisition was ISR Group on October 14, 2014, which was a leveraged buyout.

Thrive Capital acquired ISR Group for $XXM.

Here's a list of some of their notable acquisitions:

Thrive Capital's acquisition strategy has involved investing in companies at various stages, including seed, series A, and series B rounds.