Thrive Capital recently raised $10 billion for a new fund – its largest fund raised to date and almost double the size of its previous fund. Of this, $1 billion is dedicated to early-stage investments, while the rest is for growth-stage investments, according to a Announcement from the firm.
Thrive told Bloomberg this was its latest fundraising subscription. It is the firm’s 10th fund – called ThriveX – and continues to grow the value of some of the firm’s biggest investments, including OpenAI, Stripe and SpaceX. Some of the firm’s other notable investments include Databricks, Anduril, and Cursor. The firm also incubates companies, having developed 12 companies so far, of which at least six have now reached unicorn status.
The company’s strategy is to “commit deeply to a small number of founders,” the company said in its announcement. “Concentration demands loyalty to the founders and missions we support.”
Speaking to Bloomberg, the firm’s founder Josh Kushner said he believes the winners of the AI boom will be “much bigger than we can imagine” and that the technology is still early.
Thrive’s meteoric rise suggests something else, too. IPO rumors have been swirling around OpenAI and SpaceX in particular, generating a lot of interest among limited partners awaiting returns. There could be unprecedented inflow of capital from these two companies limited partner.
We’ve reached out to Thrive for more information.
techcrunch event
Boston, MA
|
23 June 2026
