Thrive Capital
North AmericaUnclaimedAt a Glance
- Check Size
- $5M – $100M
- Stage
- Seed, Series A, Series B+
- AUM
- $15B
- Sectors
- AI, Enterprise, Fintech +4
- Founded
- 2009
- HQ
- New York, NY
About Thrive Capital
Thrive has invested in OpenAI since 2022, when it first put $130M into the company, and has taken part in later rounds (Wikipedia, "Thrive Capital", accessed 2026-09-27). Thrive Capital is a multi-stage venture capital firm headquartered in the Puck Building in New York City. Joshua Kushner started it in 2009, at age 24, with a $5 million first fund. It is a venture firm, not a hedge fund or buyout shop: its core business is buying minority stakes in private technology companies, from early rounds through large late-stage financings.
The firm's fund sizes show how fast it has grown. Thrive raised $40 million in 2011, $150 million in 2012, $400 million in 2014, $700 million in 2016, $1 billion in 2018, $2 billion in 2021, $3 billion in 2022 and $5 billion for Thrive IX in 2024. Thrive X, announced on February 17, 2026, exceeded $10 billion and was reported as heavily oversubscribed. Its mandate covers AI applications and infrastructure, space, robotics and life sciences.
Thrive's early record includes Instagram, GitHub, Spotify and Twitch. Its later growth positions include Stripe, SpaceX, Databricks, Airtable, Plaid, Scale AI, Anysphere, the maker of the Cursor code editor, and Physical Intelligence. Affirm and Nubank both went public in 2021. A fundraising deck reported by Newcomer in February 2026 showed that Thrive's 2016 fund had returned 2.4 times paid-in capital in cash distributions as of June 30, 2025.
Investment Thesis
“Thrive concentrates capital in a small number of companies it expects to define their categories, and keeps investing as they grow. Thrive X allocates $1 billion to early-stage rounds and $9 billion to growth rounds, aimed at AI applications and infrastructure, space, robotics and life sciences.”
Sector Focus
Investment Stage
Notable Portfolio Companies
View full portfolio →Key Team (4)
Joshua Kushner
Founder and Managing Partner
Kareem Zaki
General Partner
Vince Hankes
Partner
Nitin Nohria
Executive Chair
Fund History (3 funds)
| Fund | Vintage | Size | Status |
|---|---|---|---|
| Thrive X | 2026 | $10B+ ($1B early stage, $9B growth) | Investing |
| Thrive IX | 2024 | $5B | Investing |
| Thrive Capital Partners V | 2016 | $700M | Harvesting |
Fund History
Thrive's flagship funds grew from $5 million in 2009 to $1 billion in 2018, then doubled roughly every cycle: $2 billion in 2021, $3 billion in 2022, $5 billion in 2024 and more than $10 billion for Thrive X in February 2026, the largest raise in the firm's history. Total capital raised stands at about $22.3 billion.
SEC Fund Filings
- Vehicles filed, last 24 months
- 19
- Latest filing
Thrive Capital filed a Form D for 19 fund vehicles between Sep 26, 2024 and Sep 25, 2026. The 8 most recent:
| Fund vehicle | Source |
|---|---|
| Thrive Capital Partners VI-K, LLC | SEC Form D, filed |
| Thrive Capital Partners VI-L, L.P. | SEC Form D, filed |
| Thrive Capital Partners IX Growth-G, LLC | SEC Form D, filed |
| Thrive Capital Partners X Growth-B, L.P. | SEC Form D, filed |
| Thrive Capital Partners X Growth-A, L.P. | SEC Form D, filed |
| Thrive Capital Partners Investments, L.P. | SEC Form D, filed |
| Thrive Capital Partners VI-J, LLC | SEC Form D, filed |
| Thrive Capital Partners VII-B, LLC | SEC Form D, filed |
A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.
Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to Thrive Capital by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.
Related Articles (6)
Frequently Asked Questions
What stage does Thrive Capital invest at?
Thrive Capital primarily invests at the Seed, Series A, Series B+ stages. This means they focus on companies that are building their initial product and finding product-market fit.
Where is Thrive Capital located?
Thrive Capital is headquartered in New York, NY. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Thrive Capital focus on?
Thrive Capital focuses on investments in AI, Enterprise, Fintech, Consumer, Space. Their portfolio reflects deep expertise and networks within these sectors.
What is Thrive Capital's typical check size?
Thrive Capital's typical investment check size ranges from $5M to $100M. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does Thrive Capital have under management?
Thrive Capital manages approximately $15B in assets under management (AUM) across their funds.
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