Thrive Capital
Venture capitalActively deployingNew York · Seed–Late Stage · 16 people tracked
Also known as THRIVE CAPITAL MANAGEMENT, LLC · Thrive Capital Partners · Thrive Capital Partners Investments
Deal analyses
- Airtable × Bending Spoons: who got the money home →
An estimated liquidation waterfall: the late-stage pref stack took $1.29bn at ~1x, founders took ~$190m, and seed money made ~42x.
Investment thesis
Invests from early-stage to multi-billion growth rounds, making few high-conviction, anchor bets during market stress and offering an attribution-free, operator-led company-building support.
Source: firm website, verified Jul 28, 2026.
Team · 16 people
from curated & public directories
What they invest in
from 58 of 66 portfolio companiesAI & Machine Learning ×25SaaS ×22Enterprise Software ×20Fintech ×12Developer Tools ×11Healthtech ×10Cloud Computing ×7Data & Infrastructure ×7
HQs:United States×43Brazil×1Canada×1France×1United Kingdom×1India×1
Investments · 66 tracked
founders shown can be your intro path
Formal provides a proxy-based access control platform that enforces least privilege authentication and authorization across data infrastructure protocols including databases, APIs, and AI agents.
Cloud ComputingCybersecurityData & InfrastructureEnterprise SoftwareSan Francisco, US
Mokhtar Bacha(Founder)in
Formation Bio develops drugs through partnerships with health systems, academic medical centers, and research sites, focusing on clinical trials in dermatology, rheumatology, and cardiometabolic diseases.
AI & Machine LearningBiotechDeep TechDigital HealthHealthtech
Ben Liu(CEO & Co-Founder)Linhao Zhang(Co-Founder)
HeyGen is an AI video generation and dubbing platform that allows users to create and localize videos by writing scripts and selecting AI-generated voices, eliminating the need for cameras, actors, and traditional production resources.
AI & Machine LearningMarketing TechMedia & EntertainmentSaaSLos Angeles, US
Joshua Xu
Mosaic is a national builder and pre-development company specializing in build-to-rent residential construction across the United States.
Climate TechConstruction TechPropTechPhoenix, US
Physical Intelligence develops generalist AI models for robotics that can control any robot to perform various tasks through learning algorithms and multi-robot training.
AI & Machine LearningDeep TechRobotics
Sergey Levine(Founder)
Physical Intelligence develops general-purpose AI models that enable robots to perform a wide range of manipulation and mobility tasks through foundation models trained on multi-robot, multi-task data.
AI & Machine LearningDeep TechRobotics
SplitPay provides payment infrastructure that allows renters to split rent and other recurring expenses into smaller installments.
Fintech
Formation Bio develops drugs alongside research site partners, including health systems, academic medical centers, and independent research sites, with a focus on accelerating clinical trials in dermatology, rheumatology, and cardiometabolic diseases.
AI & Machine LearningBiotechHealthtechMedical DevicesSaaSNew York, US
Linhao Zhang(Co-Founder)Benjamine Liu(Executive Officer, Director)
BoardAlfred Lin(Director)Michael Moritz(Director)Scott Kupor(Director)
Brooklyn, US
Board seatKareem Zaki· per SEC Form D · $20M raise · filed Nov 2020
New York, US
CHRISTOPHER ALTCHEK(Executive Officer, Director)KAREEM ZAKI(Director)HEMANT TANEJA(Director)
Board seatKareem Zaki· per SEC Form D · $40.9M raise · filed Jul 2021
HealthtechNew York, US
Kareem Zaki(Director)Arel Lidow(Director)Ken Howery(Director)Florian Otto(Executive Officer, Director)
Board seatKareem Zaki· per SEC Form D · $268.4M raise · filed Jun 2021
New York, US
Arun Gupta(Executive Officer, Director)Chris Paik(Director)
Board seatChris Paik· per SEC Form D · $1.6M raise · filed Jun 2015
HealthtechSan Francisco, US
Kareem Zaki(Director)Preston Tollinger(Executive Officer, Director)Eric Williams(Executive Officer)Timothy Schwartz(Executive Officer, Director)
Board seatKareem Zaki· per SEC Form D · $5M raise · filed Aug 2017
HealthtechWinston-Salem, US
Charles H. Hauser(Chief Executive Officer)Robert D. Cook(Director)Judson Daniel Rackley(Director)Claiborne G. Whitworth(Director)Ralph H. Duckett(Director)Julian C. Fagerli(Director)
Board seatKareem Zaki· per SEC Form D · $79.3K raise · filed Jul 2026
HealthtechNew York, US
Jonathan Locker(Director)Jordan Feldman(Executive Officer, Director)Theodore Feldman(Executive Officer, Director)Kareem Zaki(Director)
Board seatKareem Zaki· per SEC Form D · $20M raise · filed Nov 2019
Educational platform helping create pathways for students and schools to succeed, co-founded by Kevin Harrington.
New York, US
Kevin Harrington(Executive Officer, Director)Connor McCarthy(Executive Officer, Director)
BoardColin Delea(Director)Jeffrey Docking(Director)
Board seatKareem Zaki· per SEC Form D · $12.7M raise · filed Jan 2025
New York, US
Kareem Zaki(Director)Michael Murray(Executive Officer, Director)
Board seatKareem Zaki· per SEC Form D · $25M raise · filed Nov 2021
HealthtechNew York, US
Andrew Adams(Executive Officer, Director)
BoardAmit Kumar(Director)Scott Kupor(Director)Will Reed(Director)
Board seatKareem Zaki· per SEC Form D · $100M raise · filed Jul 2024
Airtable is a San Francisco-based no-code platform that lets teams build apps and workflows on a flexible database.
AI & Machine LearningCloud ComputingEnterprise SoftwareSaaS
Howie Liu(Co-founder and CEO)Andrew Ofstad(Co-founder)Emmett Nicholas(Co-founder)
Cursor is an applied research lab developing tools and technologies for the future of programming, focused on advancing what developers can build.
AI & Machine LearningDeveloper Tools
Aptible provides cloud infrastructure and compliance management platform for developers in regulated industries including healthcare, financial services, and life sciences.
Cloud ComputingCybersecurityData & InfrastructureDeveloper ToolsEnterprise SoftwareNew York City, US
Frank Macreery(Founder/CEO)inChas Ballew(Founder/Chairman)inWilliam Macreery(Executive Officer, Director)Matthew Kinsella(Director)
Benchling provides an AI-powered cloud platform for scientific research teams to design experiments, automate lab workflows, and manage structured data from biomolecules to cell lines.
AI & Machine LearningBiotechEnterprise SoftwareSaaSSan Francisco, US
Sajith Wickramasekara(Founder/CEO)Ashutosh Singhal(Director)Miles Grimshaw(Director)
Charm Industrial converts agricultural residues into bio-oil and injects it underground to remove carbon from the atmosphere at scale.
AgTechCleantechClimate Tech
Shaun Meehan(Chief Scientist and co-founder)
Commonwealth Fusion Systems develops commercial fusion power plants using high-temperature superconducting magnet technology to provide grid-scale energy.
CleantechClimate TechDeep TechEnergyUnknown, US
Brandon Sorbom(Founder)Robert Mumgaard(Executive Officer, Director)Daniel Brunner(Executive Officer)Massimiliano Pieri(Director)Katie Rae(Director)Alan Eustace(Director)
Darmiyan develops medical AI and brain imaging software for early detection and monitoring of neurodegenerative diseases, particularly Alzheimer's.
AI & Machine LearningBiotechDigital HealthHealthtechMedical DevicesSan Francisco, US
Padideh Kamali-Zare(Founder)inKaveh Vejdani(Founder/Chief Medical and Technology Officer)inShirai Takehiro(Director)
Databricks provides a unified platform for data engineering, analytics, and artificial intelligence, enabling organizations to build and deploy data and AI applications on cloud infrastructure.
AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareSan Francisco, US
Ali Ghodsi(Executive Officer, Director, Promoter)Ion Stoica(Executive Officer, Director, Promoter)Matei Zaharia(Executive Officer, Director, Promoter)David Conte(Executive Officer)Tram Phi(Executive Officer)
BoardPeter Sonsini(Director)
DuckDuckGo is a privacy-focused search engine and technology company that emphasizes user protection and data privacy in web search and AI services.
Developer ToolsSaaS
Gabriel Weinberg(Founder)in
Helion develops fusion energy systems designed to generate clean electricity for commercial use.
Advanced ManufacturingCleantechClimate TechDeep TechEnergyHardwareSeattle, US
David Kirtley(Founder/CEO)inChris Pihl(Founder/CTO)inJohn Slough(Executive Officer, Director)George VotroubekinAjay Royan(Director)
BoardSam Altman(Director)
Marketplace for SME purchasing (AngelPad #4).
New York, US
Josh Hannah(Director)Joshua Kushner(Director)Karthik Sridharan(Executive Officer, Director)Rui Ma(Executive Officer, Director)
Lightspark provides payment infrastructure and financial tools that enable businesses to modernize their payment systems and integrate with existing platforms.
Crypto & Web3Data & InfrastructureFintech
David Marcus(Founder & CEO)
Modern provides a service communication platform for heavy equipment dealerships that manages workflows including two-way messaging, digital repair orders, inspections, and customer outreach.
Construction TechEnterprise SoftwareFintechSaaSDenver, US
Brigham Timpson(Chief Executive Officer)
Morty is a full-stack mortgage platform that enables loan officers and brokerages to originate, manage, and scale mortgage businesses with technology, lender integration, and compliance infrastructure.
AI & Machine LearningFintechPropTechSaaSNew York City, US
Nora Apsel(Co-Founder & CEO)inAdam Rothblatt(Co-Founder & COO/CTO)in
OpenAI is an AI research and deployment company focused on developing artificial general intelligence (AGI) with emphasis on safety and beneficial outcomes for humanity.
AI & Machine LearningCloud ComputingEnterprise SoftwareSan Francisco, US
Sam AltmanElon MuskGreg BrockmanIlya SutskeverWojciech Zaremba
OpenTools provides an API that allows developers to access and use Model Context Protocol (MCP) tools with any LLM through a single integration, offering capabilities like web search, real-time location data, and web scraping.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareMarketplacesNew York City, US
Andy Qin(Founder)in
Otter is a platform that helps childcare professionals create portable profiles to showcase their qualifications and experience when applying for jobs.
HR Tech
Segment is a customer data platform that collects, unifies, and activates first-party customer data from multiple touchpoints, enabling businesses to create unified customer profiles and orchestrate personalized experiences across 750+ integrations and destinations.
Data & InfrastructureEnterprise SoftwareMarketing TechSaaSSan Francisco, US
Ilya Volodarsky(Founder)inJenn Garrett(Executive Officer)Andrew Beaird(Executive Officer)Mark Deutschmann(Executive Officer)Calvin French-Owen(Cofounder)Peter Reinhardt(Cofounder)
Minnetonka, US
Todd Schroeder(Chief Executive Officer and Manager)Tom Adamson(Manager)Shane Slominski(Manager)Cary Musech(Manager)Tom Leahy(Manager)RAYMOND TORRES(Chief Executive Officer and Manager)
Socket is a developer-first platform that detects and blocks malicious packages in real time to protect organizations from software supply chain attacks.
CybersecurityDeveloper ToolsSaaSWilmington, US
Feross Aboukhadijeh(Founder)Jayant Keswani(Executive Officer)Zane Lackey(Director)
Stripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
FintechSaaSSan Francisco, US
John Collison(Founder/President)inPatrick Collison(Founder/CEO)inWilliam Gaybrick(Executive Officer)
BoardMichael Moritz(Director)
Tempo provides work management and visibility software that integrates across existing team tools and platforms to help organizations track project performance and resource capacity.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareFuture of WorkSaaSBoston, US
Mark Lorion(CEO)Adam Wallace(Technology)Jeffrey Bolke(Revenue)Gregg Clevenger(Finance)Shannon Mason(Strategy)CC Cyr(People)
Tempo is a visual code editor for React applications that enables product managers, designers, and engineers to collaborate on component development through a design-tool interface backed by IDE functionality, with native support for Vite and Tailwind.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareToronto, CA
TruckSmarter provides truck drivers and small carriers with a unified platform for freight discovery, market insights, fuel savings, and business operations.
B2B MarketplacesLogistics & Supply ChainSaaS
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Fund performance · per public LP disclosures · 3
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Thrive Capital Partners IX Growth, L.P.LPs: California Public Employees' Retirement System | 2024 | — | — | 1.21x | 0.00x |
| Thrive Capital Partners Opportunity Fund, L.P.LPs: California Public Employees' Retirement System | 2024 | — | — | 1.29x | 0.00x |
| THRIVE CAPITAL PARTNERS VIII GROWTH LPLPs: California Public Employees' Retirement System, Michael and Susan Dell Foundation, University of Texas Investment Management Company | 2023 | — | — | 1.65x | 0.00x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Thrive Capital invest at?
- Thrive Capital invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What is Thrive Capital's typical check size?
- Thrive Capital typically writes checks of $500K – $25M.
- What sectors does Thrive Capital focus on?
- Thrive Capital focuses on Consumer, Enterprise Software, Fintech, Media & Entertainment, SaaS.
- Where is Thrive Capital located?
- Thrive Capital is headquartered in New York, US.
- Does Thrive Capital lead rounds?
- Yes, Thrive Capital leads investment rounds.
Media · Podcasts & interviews
featuring the teamJosh Kushner’s Thrive Capital raises $10 billion in new funding #shorts #kushner #thrive #investing
Bloomberg Television · Josh Kushner
Thrive Capital’s Josh Kushner and Jacob Helberg | Reviving American Leadership in the 21st Century
The Hill & Valley Forum · Josh Kushner
Thrive Capital's Bold Bets on Category-Defining Companies with Kareem Zaki
Turpentine VC · Kareem Zaki
The HLTH Daily Show Ft. Kareem Zaki, Thrive Capital, Partner
Chitra Nawbatt · Kareem Zaki
Josh Kushner just raised $5B for his VC fund, Thrive Capital. #venturecapital
Cameron Galbraith · Josh Kushner
Bob Iger Joins Josh Kushner’s VC Firm Thrive Capital
Валентина Макарова · Josh Kushner
Images
Co-investors · 123
Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.
Sequoia Capital is a venture capital firm that partners with founders to build technology companies, with a strong current focus on artificial intelligence.
SV Angel is an investment firm that partners with and supports founders building transformative companies, providing long-term backing and close advisory relationships.
Khosla Ventures is a venture capital firm known for backing bold, contrarian bets in world-class teams that can reshape entire industries.
Coatue Management is a technology-focused investment firm that invests across both public and private markets, with an active private portfolio of over 250 tech companies.
Founders Fund is a venture capital firm that invests in companies building transformative technologies across defense, space, data analytics, and other frontier sectors.
Founder Collective is an early-stage venture capital firm focused on seed and pre-seed investments across all sectors.
Kleiner Perkins is a venture capital firm that backs founders across technology and life sciences, with a portfolio of companies from early stage through growth.
Sound Ventures is a venture capital firm that seeks to invest in the technology sector.
Lux Capital's portfolio page showcasing select companies across science and technology sectors including AI infrastructure, aerospace, biotech, and productivity software.
General Catalyst is a venture capital and investment firm that backs founders across industries, with a strong focus on AI-driven transformation, fintech, healthcare, and other sectors.
▶111 more co-investors
Redpoint VenturesBenchmarkFelicis VenturesBoxGroupSlow VenturesAbstractParadigmGreenoaksIndex VenturesNotable CapitalSpark CapitalCRV (Charles River Ventures)Tiger Global ManagementFranklin TempletonGV (Google Ventures)Greylock PartnersNew Enterprise Associates (NEA)Menlo VenturesEverywhere VenturesSciFi VCFreestyle CapitalInnovation EndeavorsCaffeinated CapitalKapor CapitalRibbit CapitalLerer HippeauTq Ventures LlcInspired CapitalHeartcore CapitalBlackbird VenturesCrunchFundConvictionAlkeon CapitalLightspeed Venture PartnersCraft VenturesBessemer Venture PartnersAlumni VenturesBain Capital VenturesUberFoundation CapitalKrakenTrue VenturesIVP (Institutional Venture Partners)Great Oaks Venture CapitalQuiet CapitalSusa VenturesACME CapitalOffline VenturesRRE VenturesFundersClubUpHonest CapitalC2 InvestmentsForerunner VenturesSignalFireLookout VenturesCanvas VenturesAfore CapitalAdditionCota CapitalInovia CapitalPractical Venture CapitalRed Swan VenturesFlatiron HealthUpfront VenturesBAM VenturesCreandumM13LightbankInitialized CapitalWinklevoss CapitalChemistryThe Chernin Group (TCG Crypto)Coinbase VenturesBetaworks Ventures Management, LlcFuel Venture CapitalBetter Tomorrow VenturesFootworkSaga VenturesRenegade PartnersBrainchild HoldingsMarch Capital PartnersDigital Currency GroupComcast VenturesICONIQ CapitalLakestarMONASHEESFormation GroupAccelerator VenturesContrary CapitalAltimeter CapitalHouseSweet CapitalArtis VenturesFifty YearsNeotribe VenturesUnderscore VCRivet VenturesStrata Capital PartnersArriveNIVTrust VenturesEvolve VC FundsGemini Israel VenturesOriginsOlima VenturesPTC PolymarketA*Framework VenturesHippo InsuranceConteur Capital PartnersLaunch House
Firms observed investing alongside Thrive Capital, from public investor directories. Shared companies are the overlap with Thrive Capital's recorded portfolio.
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