Thrive Capital's investment strategies are centered around supporting entrepreneurs and startups, particularly in the tech industry.
The firm has invested in numerous successful companies, including Warby Parker and Casper.
Thrive Capital's portfolio is diverse, with investments spanning various sectors such as e-commerce, education, and healthcare.
One notable aspect of Thrive Capital's investment approach is its focus on backing founders with unique perspectives and innovative ideas.
Investors and Stakeholders
Thrive Capital has attracted a group of global billionaires worth at least $123 billion as investors.
These investors include India's Mukesh Ambani, Brazil's Jorge Paulo Lemann, and France's Xavier Niel, who are joining KKR & Co. co-founder Henry Kravis and Walt Disney Co. Chief Executive Officer Robert Iger in investing $175 million.
The deal values Thrive at $5.3 billion, up from $3.6 billion in 2021.
Thrive has repurchased the stake sold to Goldman Sachs and the stake held by the new syndicate is the same.
Joshua Kushner, the founder of Thrive, has a personal connection with some of the investors, having known them for a long time.
Thrive has invested in firms including Oscar Health Inc., Compass Inc., and SKIMS, an underwear company created by Kim Kardashian.
Thrive Capital
Thrive Capital was founded by Kushner in 2010, a venture capital firm that focuses on media and internet investments.
Thrive has raised over $7.3 billion from institutional investors, including Princeton University.
Thrive's capital funds have included Thrive II, which raised $40 million in 2011, and Thrive III, which raised $150 million in 2012.
Thrive IV, which raised $400 million in September 2014, was a significant milestone for the firm.
Kushner's work with Thrive earned him recognition on Forbes' 30 Under 30 list, among others.
As of September 2024, Forbes estimates Kushner's net worth to be $3.8 billion, primarily from his ownership in Thrive.
Here's a rundown of Thrive's capital funds:
- Thrive II: $40 million (2011)
- Thrive III: $150 million (2012)
- Thrive IV: $400 million (September 2014)
- Thrive V: $700 million (2016)
- Thrive VI: $1 billion (2018)
- Thrive VII: $2 billion (2021)
- Thrive VIII: $3 billion (2022)
Frequently Asked Questions
Who is the owner of Thrive Capital?
Thrive Capital was founded by Joshua Kushner in 2009. Joshua Kushner is the owner and founder of Thrive Capital.
How did Josh Kushner get so rich?
Josh Kushner's wealth is largely attributed to his co-founding and investment in Oscar Health, a health insurance start-up that went public in 2021 with a valuation of $2.7 billion. His stake in the company, valued at $1.21 billion, is a significant contributor to his net worth.
How much did Thrive Capital invest in OpenAI?
Thrive Capital invested $1.3 billion in OpenAI's latest round of funding. This significant investment was part of a larger funding round that included other notable backers.
When did Josh Kushner start Thrive Capital?
Josh Kushner founded Thrive Capital in 2010, marking the beginning of the venture capital firm's journey.
Sources
- https://www.forbes.com/profile/josh-kushner/
- https://www.indiewire.com/news/business/a24-value-josh-kushner-investment-1235020240/
- https://www.bloomberglinea.com/english/brazils-lemann-fellow-billionaires-worth-123-billion-buy-stake-in-kushners-thrive/
- https://en.wikipedia.org/wiki/Joshua_Kushner
- https://deadline.com/2024/06/a24-new-investment-round-josh-kushner-thrive-capital-1235983300/
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