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Thrive Capital is a prominent venture capital firm based in New York City, founded in 2009 by Joshua Kushner when he was just 24 years old. The firm has rapidly evolved from a modest $5 million seed fund to managing over $25 billion in assets, making it one of the fastest-growing VC firms in history. Thrive's latest fund, Thrive X, launched in February 2026, has a size exceeding $10 billion, reflecting the firm's aggressive scaling strategy.
Thrive Capital's investment strategy is characterized by a concentrated approach, which has yielded a remarkable 25% internal rate of return (IRR) from 2022 to 2024. The firm has successfully backed 35 unicorns, facilitated 12 IPOs, and participated in 46 acquisitions. Thrive is notably recognized as the largest venture capital investor in OpenAI, highlighting its commitment to high-impact technology.
Thrive Capital's investment focus spans several key sectors, including artificial intelligence, fintech, enterprise software, consumer internet, entertainment/media, healthcare, defense technology, and developer tools. The firm adopts a multi-stage investment strategy, engaging in seed, Series A, Series B, Series C, and growth equity rounds. Check sizes range from $5 million to over $1 billion, allowing Thrive to make substantial investments in high-potential companies.
The firm's thesis emphasizes AI as a generational opportunity, with OpenAI serving as a cornerstone investment. Thrive's concentrated partnership philosophy enables deep engagement with a select number of companies, fostering strong relationships with founders and providing significant operational support. This approach has resulted in a higher exit rate compared to the industry average, reinforcing Thrive's reputation as a leading investor in technology.
Thrive Capital boasts an extraordinary portfolio of high-profile companies, including:
Joshua Kushner - Founder & Managing Partner. Kushner co-founded Oscar Health and is recognized on the Forbes Midas List for his contributions to venture capital. He has a strong background in technology investments and is known for his deep connections in the industry.
To pitch Thrive Capital, founders should use the contact form available at thrivecap.com/contact or email info@thrivecap.com. The pitch deck should include a clear overview of the business model, market opportunity, and team background. Founders can expect a response within a few weeks, and warm introductions are preferred but not mandatory.
In February 2026, Thrive Capital closed Thrive X, its latest fund, at over $10 billion. In December 2025, the firm invested $1 billion in OpenAI at a valuation of $285 billion. Thrive also facilitated OpenAI's stake in Thrive Holdings, enhancing collaboration between the two entities. Notable exits include Wiz, acquired by Alphabet in 2025, and Figma, which is expected to IPO in 2025.
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What are Thrive Capital's investment criteria?
Thrive Capital focuses on technology companies in sectors such as AI, fintech, and SaaS, with a preference for concentrated investments in fewer companies to foster deep relationships with founders.
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How can startups apply or pitch to Thrive Capital?
Startups can pitch Thrive Capital through their contact page at thrivecap.com/contact or via email at info@thrivecap.com.
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What makes Thrive Capital different from other VC firms?
Thrive Capital's concentrated partnership approach allows for deeper engagement with portfolio companies, resulting in a higher exit rate and strong operational support.
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What is Thrive Capital's geographic focus?
Thrive Capital primarily invests in North America, with a strong presence in New York City and Silicon Valley.
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What is the typical check size for Thrive Capital?
Thrive Capital's check sizes range from $5 million to over $1 billion, depending on the stage and conviction in the investment.
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