Thrive Capital raises $10B for its largest fund to date
Thrive Capital secured over $10 billion for its new Thrive X fund, its largest ever, focusing on AI and tech innovation.Summary
Josh Kushner’s Thrive Capital has successfully raised more than $10 billion for its largest fund to date, named Thrive X. This substantial capital pool is designated to target high-growth opportunities across sectors like Artificial Intelligence, robotics, space exploration, and life sciences. The new fund is twice the size of its predecessor, with plans to allocate $1 billion toward early-stage ventures and $9 billion toward growth-stage investments. Since its founding in 2009, Thrive Capital has maintained a focused strategy, investing in a limited number of high-growth disruptors in technology, media, and software, fostering strong founder partnerships. The firm's notable portfolio companies include OpenAI, Stripe, and SpaceX, which is now valued at $1.25 trillion after merging with xAI.
(Source：Crypto Briefing)