About
Thrive Capital is a New York-based venture capital firm founded in 2009 by Joshua Kushner, who launched the firm at age 24 with support from General Catalyst co-founder Joel Cutler. The firm identifies, funds, and supports internet, software, and technology-enabled companies with growth potential, providing both capital and strategic partnership to help founders scale operations and execution. Thrive Capital operates across multiple investment stages, with a demonstrated track record in Series A funding (68 investments averaging $37.7M), Seed stage (48 investments averaging $17.4M), and Series B (39 investments averaging $55.4M). The firm writes checks typically ranging from $1–25M and maintains a lean, operator-led team focused on direct founder relationships. As of February 2026, Thrive Capital had invested in 199 companies with $25 billion in assets under management. The firm's portfolio demonstrates a high success rate, with approximately 70% of portfolio companies showing strong performance and an average return on investment of approximately 30% in growth-stage investments. Notable portfolio companies have included Instagram, Spotify, Slack, SpaceX, and OpenAI, with the firm leading OpenAI's $6.5 billion funding round and committing $1 billion to that round. Thrive Capital registered as an investment adviser with the U.S. Securities and Exchange Commission in September 2021. In May 2021, Petershill Partners invested $120 million for a 3% stake in the firm, valuing Thrive Capital at $3.6 billion. The firm's most recent flagship fund, Fund IX, closed at over $5 billion, the largest in the firm's history. Thrive Capital maintains a preferred co-investor relationship with Sequoia Capital and Y Combinator, positioning itself as a key player in early-stage AI and software investments.