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Thrive Capital

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] Twitter

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
  • Instagram
  • 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

  1. 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 ↩︎ ↩︎

  2. 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 ↩︎ ↩︎ ↩︎ ↩︎ ↩︎ ↩︎ ↩︎

  3. 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/ ↩︎ ↩︎ ↩︎ ↩︎ ↩︎

  4. 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 ↩︎ ↩︎

  5. Thrive Capital. Dealroom. Retrieved May 30, 2024, from https://app.dealroom.co/investors/thrive_capital ↩︎

  6. Thrive Capital Portfolio. Dealroom. Retrieved May 30, 2024, from https://app.dealroom.co/investors/thrive_capital/portfolio/current ↩︎

  7. Thrive Capital Exits. Dealroom. Retrieved May 31, 2024, from https://app.dealroom.co/investors/thrive_capital/portfolio/exits ↩︎

  8. Thrive Capital - Investments, Portfolio & Company Exits. Crunchbase. Retrieved May 31, 2024, from https://www.crunchbase.com/organization/thrive-capital/recent_investments ↩︎

  9. 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 ↩︎

  10. 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 ↩︎