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At a glance
Thrive Capital appears in 22 funding rounds tracked by ValueAddVC since 2024, leading 9. Its most frequent sectors in these rounds are Health & Biotech and Fintech & Crypto, and its most recent tracked deal was Abby Care's $82M Series C round (Oct 15, 2026). It co-invests most often with Khosla Ventures, Coatue Management and Sequoia Capital. ValueAddVC also tracks 23 funds managed by Thrive Capital.
Strategy
Stages
SeedSeries ASeries BGrowth
Sectors
EnterpriseConsumerAIFintech
Geographies
USANew York, New York, USA
Check size
$1M-$100MRecent changes
- Oct 15, 2026Oct 15, 2026Invested in Abby Care (Series C, $82M) Fortune
- Oct 15, 2026Oct 15, 2026Follow-on: Invested in Ramp (primary financing, $1.85B) Morningstar
- Sep 25, 2026Sep 25, 2026Invested in Rightway (Series E, $155M) PR Newswire
- Sep 16, 2026Sep 16, 2026Invested in Fortell ($163M) TechCrunch
- Sep 8, 2026Sep 8, 2026Invested in Forus (Series C, $150M) Bloomberg
Earlier changes (15)
- Sep 1, 2026Sep 1, 2026Thrive Hires Musk's Lawyer Over a Dead $4.2B FIFA Deal Pulse story
- Aug 28, 2026Aug 28, 2026Invested in Retro (Series A, $21M) TechCrunch
- Aug 28, 2026Aug 28, 2026Thrive Backs Retro's $21M Bet Against Feeds Pulse story
- Aug 14, 2026Aug 14, 2026Thrive Capital Finds Its Own VC Lane Pulse story
- Aug 14, 2026Aug 14, 2026Thrive's Joshua Kushner Buys the Lakers for $12.5B Pulse story
- Aug 13, 2026Aug 13, 2026Invested in Databricks (Strategic growth round, $5B) Bloomberg
- Aug 12, 2026Aug 12, 2026Thrive Holdings Raises $2B to Buy and Rewire Firms With AI Pulse story
- Aug 4, 2026Aug 4, 2026Invested in Ambrook (Series B, $30M) AlleyWatch
- Jul 31, 2026Jul 31, 2026Invested in Ellis (Seed, $10M) TechCrunch
- Jul 13, 2026Jul 13, 2026Invested in Helsing (Series E, $1.8B) CNBC
- Jun 2026Jun 2026Invested in Helion (Series G, $465M) Mining.com
- May 13, 2026May 13, 2026Invested in Anduril Industries (Series H, $5B) Gunderson Dettmer
- Feb 17, 2026Feb 17, 2026New fund: Thrive Capital New 2026 Fund ($10B) TechCrunch
- Feb 17, 2026Feb 17, 2026New fund: Thrive Capital Fund X ($10B) TechCrunch
- Jan 2026Jan 2026Follow-on: Invested in OpenEvidence (Series D, $250M) MobiHealthNews
Funds
23| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Thrive Capital Partners VI-L | 2026 | $5M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Aug 28, 2026SEC EDGAR Form D |
| Thrive Capital Fund X | 2026 | $10B | Other | As of Feb 17, 2026TechCrunch |
| Thrive Capital New 2026 Fund | 2026 | $10B | OtherVenture / growth · Multi-stage / growth | As of Feb 17, 2026TechCrunch |
| Thrive Capital Fund X | 2025 | — | Flagship | As of Oct 22, 2025SEC EDGAR Form D |
| Thrive Capital Growth Fund X | 2025 | — | Growth | As of Oct 22, 2025SEC EDGAR Form D |
Show 18 earlier funds
| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Thrive Capital Opportunity Fund X | 2025 | — | Opportunity | As of Oct 22, 2025SEC EDGAR Form D |
| Thrive Capital Partners VIII-C | 2025 | $2.024993M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Jul 11, 2025SEC EDGAR Form D |
| Thrive Capital Partners IX-C | 2025 | $23M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of May 19, 2025SEC EDGAR Form D |
| Thrive Capital Growth Fund IX | 2024 | size disputed | Growth | As of Dec 23, 2024SEC EDGAR Form D |
| Thrive Capital Partners VI-I | 2024 | $8.700003M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Sep 17, 2024SEC EDGAR Form D |
| Thrive Capital Fund IX | 2024 | $5.0B | Other | As of Aug 2024Wikipedia |
| Thrive Capital Fund IX | 2024 | $1.01B | Flagship | As of Aug 15, 2024SEC EDGAR Form D |
| Thrive Capital Partners Opportunity Fund | 2024 | $525M | Opportunity | As of Aug 15, 2024SEC EDGAR Form D |
| Thrive Capital Fund VIII | 2022 | $505.833333M | Flagship | As of Feb 18, 2022SEC EDGAR Form D |
| Thrive Capital Growth Fund VIII | 2022 | $304.316667M | Growth | As of Oct 4, 2023SEC EDGAR Form D |
| Thrive Capital Fund VIII | 2022 | $3.0B | Other | As of Feb 2022Wikipedia |
| Thrive Capital Fund VII | 2021 | $500M | Flagship | As of Feb 17, 2021SEC EDGAR Form D |
| Thrive Capital Growth Fund VII | 2021 | $1.5B | Growth | As of Feb 17, 2021SEC EDGAR Form D |
| Thrive Capital Fund VII | 2021 | $2.0B | Other | As of Feb 2021Wikipedia |
| Thrive Capital Fund VI | 2018 | $400M | Flagship | As of Oct 25, 2018SEC EDGAR Form D |
| Thrive Capital Growth Fund VI | 2018 | $600M | Growth | As of Oct 25, 2018SEC EDGAR Form D |
| Thrive Capital Partners V | 2016 | $700M | Flagship | As of Jul 18, 2016SEC EDGAR Form D |
| Thrive Capital Fund III | 2012 | $150M | Flagship | As of 2012Value Add VC funds tracker |
Portfolio
18 totalRecent Investment Activity
20Track record: led 9 and participated in 13 of 22 tracked venture rounds · 16 in the last 12 months · led 2 Series A, 1 Series E, 1 Series G, 1 Series H
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Oct 15, 2026 | Abby Care | Series C | Participated | $82M | — | Pulse story | |
| Oct 15, 2026 | Ramp | primary financing | Participated | $1.85B | $60B | Dragoneer Investment GroupLeadunverifiedThrive CapitalunverifiedFounders FundunverifiedSands CapitalunverifiedFidelity InvestmentsunverifiedT. Rowe PriceunverifiedD1 Capital PartnersunverifiedGreenoaksunverifiedIconiq CapitalunverifiedGICunverified8VCunverifiedCoatue ManagementunverifiedFirstMark CapitalunverifiedGeneral CatalystunverifiedKhosla VenturesunverifiedLightspeed Venture PartnersunverifiedStripes GroupunverifiedAvenir GrowthD.E. Shaw | Morningstar |
| Sep 25, 2026 | Rightway | Series E | Participated | $155M | $1.75B | Pulse story | |
| Sep 16, 2026 | Fortell | funding round | Led | $163M | $740M | Pulse story | |
| Sep 8, 2026 | Forus | Series C | Participated | $150M | $3B | Bloomberg | |
| Aug 28, 2026 | Retro | Series A | Led | $21M | $100 million | Thrive CapitalLead | Pulse story |
| Aug 13, 2026 | Databricks | Strategic growth round | Participated | $5B | $190B | Coatue ManagementLeadunverifiedBlackstone (Tech Hub)unverifiedMGXunverifiedT. Rowe PriceunverifiedSixth StreetunverifiedBondunverifiedPoint72unverifiedPremji InvestunverifiedTPGunverifiedAndreessen HorowitzunverifiedThrive CapitalunverifiedClearlake Capital | Bloomberg |
| Aug 4, 2026 | Ambrook | Series B | Participated | $30M | — | Pulse story | |
| Jul 31, 2026 | Ellis | Seed | Participated | $10M | — | TechCrunch | |
| Jul 13, 2026 | Helsing | Series E | Led | $1.8B | $18 billion | Thrive CapitalLeadunverified | Pulse story |
| Jun 2026 | Helion | Series G | Led | $465M | $15.5B | Thrive CapitalLeadunverified | Mining.com |
| May 13, 2026 | Anduril Industries | Series H | Led | $5B | $61B | Gunderson Dettmer | |
| Jan 2026 | OpenEvidence | Series D | Led | $250M | $12B | Thrive CapitalLeadunverifiedDST GlobalLeadunverified | MobiHealthNews |
| Nov 20, 2025 | Physical Intelligence | Series B | Participated | $600M | $5.6B | SiliconANGLE | |
| Nov 17, 2025 | Ramp | Series E-2 | Participated | $300M | $32B | PR Newswire | |
| Oct 20, 2025 | OpenEvidence | Series C | Participated | $200M | — | TechCrunch | |
| Mar 31, 2025 | OpenAI | funding round | Participated | $40B | $300B | TechCrunch | |
| Dec 19, 2024 | Cursor | Series BRumored | Led | $100M | $2.6B | Thrive CapitalLead | TechCrunch |
| Nov 4, 2024 | Physical Intelligence | Series A | Participated | $400M | $2.4B | Pulse 2.0 | |
| Oct 2, 2024 | OpenAI | funding round | Led | $6.6B | $157B | TechCrunch |
Sector / Stage Activity
By sector (portfolio)
Fintech
4 · 22%
Healthcare
3 · 17%
Defense
2 · 11%
AI infra
2 · 11%
Energy/Grid
1 · 6%
Biotech
1 · 6%
Enterprise SaaS
1 · 6%
Energy
1 · 6%
Robotics
1 · 6%
Consumer
1 · 6%
By stage (tracked rounds)
Series C
4 · 20%
Series A
3 · 15%
Series B
3 · 15%
Series E
2 · 10%
primary financing
1 · 5%
Strategic growth round
1 · 5%
Seed
1 · 5%
Series G
1 · 5%
Series H
1 · 5%
Series D
1 · 5%
Co-Investors
12Andreessen Horowitz · 7 sharedCoatue Management · 7 sharedKhosla Ventures · 7 sharedAlkeon Capital · 5 sharedBoxGroup · 5 sharedGeneral Catalyst · 5 sharedGlade Brook Capital · 5 sharedSequoia Capital · 5 sharedCoalition Operators · 1 sharedFrist Cressey Ventures · 1 sharedKearny Jackson · 1 sharedPivotal Ventures · 1 shared
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Latest Pulse
- Oct 15, 2026Ramp Hits $60B Valuation | Revenue Tops $2B AnnualizedRamp raised a $1.85 billion primary round led by Dragoneer Investment Group, valuing the corporate card and spend-management startup at $60 billion as its annualized revenue passed $2 billion.→
- Oct 15, 2026Abby Care Raises $82M Series C For Family CaregiversAbby Care raised $82 million in a Series C led by Transformation Capital to expand its model of training and paying family members as certified home-care givers.→
- Oct 14, 2026Anduril In Talks For Employee Sale At $90B ValuationThe Information reports Anduril is discussing an employee share sale valuing the defense-tech company at $90 billion, a separate track from reported talks on a new primary round near $100 billion.→
- Sep 25, 2026OpenEvidence Raises $250M Led By Andreessen HorowitzOpenEvidence, the Miami-based clinical search platform for physicians, raised a new $250 million round led by hospital systems and Andreessen Horowitz.→
- Sep 25, 2026Rightway Raises $155M To Take On PBM GiantsRightway raised $155 million in Series E funding led by Francisco Partners as the pharmacy-benefits startup takes aim at the CVS Caremark, Express Scripts and Optum Rx oligopoly.→
- Sep 23, 2026Bessemer Raises $5.75B Across Two New AI FundsBessemer Venture Partners closed $5.75 billion across two new funds -- $1.75 billion for seed and early stage, $4 billion for growth -- to back AI-native founders from first check through late-stage rounds.→
- Sep 16, 2026AI Hearing-Aid Startup Fortell Hits $740M ValuationFortell, backed by Founders Fund and Thrive Capital, has raised $163 million and reached a $740 million valuation building AI hearing aids meant to isolate speech from noise in real time.→
- Sep 11, 2026Khosla Ventures Leaves Sand Hill Road For NYCKhosla Ventures is opening its first office outside Sand Hill Road, a 14th Street outpost in New York set to open this fall as the city overtakes the Bay Area in tech headcount.→
- Sep 10, 2026VC Firms Are Buying Sports Teams And CardsThrive Capital, Collaborative Fund and a Griffin Gaming managing director are all redirecting venture money and personal capital into sports franchises and trading cards as a hedge against startup-market froth.→
- Sep 9, 2026Savvy Wealth Raises $100M At $600M ValuationAI-native RIA platform Savvy Wealth closed a $100 million Series C at a $600 million valuation led by Ryan Smith and Ryan Sweeney's Halo Fund, after growing recruited assets past $4 billion this year.→
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- Sep 8, 2026Forus Triples to a $3B Value in Four MonthsForus, an AI network that automates prescription access between doctors, pharmacies and payers, raised $150 million at a $3 billion valuation -- roughly triple its mark from four months ago.→
- Sep 4, 2026XDOF Nears $1.2B Valuation Three Months Out of StealthThe robot training-data startup is in late-stage talks for a Series B led by 8VC, roughly three months after a $70 million Series A and with annualized revenue approaching $50 million.→
- Sep 2, 2026Palo Alto Networks Pays $500M for ConsolePalo Alto Networks acquired Console, a two-year-old AI agent platform that automates IT help-desk tasks, for about $500 million in cash and stock -- a roughly 3x markup on the $157 million valuation Thrive Capital backed months earlier.→
- Sep 1, 2026Thrive Hires Musk's Lawyer Over a Dead $4.2B FIFA DealJosh Kushner's Thrive Capital retained Alex Spiro of Quinn Emanuel after UEFA moved against FIFA over a scrapped plan in which Thrive would have led a $4.2 billion purchase of 20% of FIFA's commercial arm at a $20 billion valuation.→
- Sep 1, 2026a16z's Growth Fund Hits $8.5B, Days After a New $1.1B FundAndreessen Horowitz expanded its fifth Growth fund to $8.5 billion just three days after closing a separate $1.1 billion fund dedicated to AI hardware -- roughly $9.6 billion in fresh capital disclosed in a single week.→
- Aug 31, 2026Defense Tech's $35.6 Billion Year, By the CompsAnduril at $61 billion, Castelion at $13 billion, True Anomaly at $600 million raised -- the named rounds behind defense tech's $35.6 billion year explain what's actually driving the category better than the aggregate number does.→
- Aug 28, 2026Thrive Backs Retro's $21M Bet Against FeedsRetro, a friends-only photo sharing app built by two former Instagram engineers, raised a $21 million Series A led by Thrive Capital after roughly 7 million downloads and a subscription-only model.→
- Aug 20, 2026Fractile Nears $6.5B Value After Anthropic Chip DealUK chip startup Fractile is in talks to raise $600M at a $6.5B valuation, more than 6x its May mark, after agreeing to sell Anthropic $250M of unshipped SRAM-based inference chips.→
- Aug 14, 2026Thrive Capital Finds Its Own VC LaneA Newcomer profile describes Thrive Capital settling into three distinct strategies: a $9 billion growth fund, a $1 billion early-stage vehicle, and Thrive Holdings, which buys into AI-transformation bets inside existing companies.→
- Aug 14, 2026Joshua Kushner Is Right About AI's Discipline ProblemThrive Capital's Joshua Kushner used his firm's first-ever investor letter to warn rivals about AI euphoria -- notable, since his own fund just wrote a $2B check into an OpenAI-backed company.→
- Aug 14, 2026Thrive's Joshua Kushner Buys the Lakers for $12.5BThrive Capital founder Joshua Kushner has agreed to buy the Los Angeles Lakers for $12.5 billion, one of the largest sports franchise transactions ever, extending a venture investor's reach deep into professional sports ownership.→
- Aug 13, 2026Databricks Closes $5B Round at $190B ValuationDatabricks closed a $5 billion round at a $190 billion valuation led by Coatue, after the company said it crossed a $7 billion annualized revenue run-rate with more than 80% year-over-year growth.→
- Aug 12, 2026Thrive Holdings Raises $2B to Buy and Rewire Firms With AIThrive Holdings, the Thrive Capital spinout that acquires services businesses and rebuilds them with AI, raised $2 billion at a $12 billion valuation from SoftBank, D1 Capital and Altimeter, with OpenAI as an equity holder.→
- Aug 9, 2026Defense Tech's Valuation Ladder Gains a New RungAnduril remains in talks to raise at a roughly $100B valuation just weeks after Hadrian's own 5x step-up to $7.87B — two data points suggesting defense-tech valuations are compounding faster than the underlying contract backlogs are being disclosed.→
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- Aug 4, 2026Ambrook Raises $30M to Take Farm Accounting WiderLachy Groom led a $30M Series B for Ambrook, whose bookkeeping and bill-pay software grew from 2,500 to 8,000 businesses in a year and is now expanding from farms into trucking, contracting and real estate.→
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- Jul 14, 2026Europe's Defense-Tech Rounds Are Catching Up to the USHelsing's $1.8 billion round at an $18 billion valuation puts a concrete number on how fast European defense-tech financing is closing the gap with a US market that produced four separate billion-dollar-plus rounds this year alone.→
- Jul 13, 2026Defense Tech's $14.6B Pace Shows No Sign of SlowingDefense tech startups raised $14.6 billion in the first five months of 2026 alone, already blowing past the previous full-year record of $9.6 billion set in 2025, led by Anduril, Shield AI and Saronic.→
- Jul 13, 2026Helsing Raises $1.8B, Europe's Biggest Defense RoundMunich-based Helsing closed a $1.8 billion Series E at an $18 billion valuation, Europe's biggest-ever defense-tech round, with Goldman Sachs Alternatives, CPPIB and JPMorgan joining as new investors amid oversubscribed demand.→
- Jun 26, 2026FTC Clears Musk to Acquire Mesh, the SpaceX-Alumni Optical-Interconnect StartupThe FTC expedited its antitrust review and cleared Elon Musk to acquire Mesh Optical Technologies, a startup founded by three former SpaceX engineers that builds high-speed optical transceivers for data-center communications. Mesh emerged from stealth in February with a $50M Series A led by Thrive Capital; the acquisition slots directly into Musk's push to make his AI data centers faster and more energy-efficient.→
- Jun 25, 2026SpaceX Acquires AI Coding Startup Cursor for $60B in the Year's Largest Startup M&A DealSpaceX, fresh off its record IPO, formalized a $60 billion all-stock acquisition of Anysphere, the company behind the AI coding tool Cursor -- the biggest venture-backed startup M&A deal of 2026. The purchase, exercised from an option SpaceX took in April, hands Elon Musk's rocket maker a foothold in enterprise software development and delivers a generational return to Cursor's backers, including a16z, Thrive and Coatue.→
Thrive Capital FAQ
What is Thrive Capital's latest fund?
Thrive Capital Fund X, closed at $10B (As of Feb 17, 2026; TechCrunch).
How large are Thrive Capital's funds?
Thrive Capital funds Value Add tracks include Thrive Capital Fund X ($10B, 2026); Thrive Capital New 2026 Fund ($10B, 2026); Thrive Capital Fund IX ($5.0B, 2024); Thrive Capital Fund IX ($1.01B, 2024), out of 23 Thrive Capital funds tracked in total.
What companies has Thrive Capital invested in?
Thrive Capital's portfolio includes Ramp, Abby Care, Anduril Industries, OpenAI, OpenEvidence, Rightway, and 12 more tracked companies.
Who does Thrive Capital co-invest with most?
In the rounds Value Add tracks, Thrive Capital most often invests alongside Andreessen Horowitz (7 shared deals), Coatue Management (7 shared deals), Khosla Ventures (7 shared deals), Alkeon Capital (5 shared deals), BoxGroup (5 shared deals).
Sources & methodologyshow
Where these figures come from
- PR Newswireprimary source1 fact
- PR Newswireprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.