Thrive Capital Secures Record $5 Billion in Biggest-Ever Venture Fundraising

Thrive Capital has reached a historic milestone by closing its largest-ever fundraising round, securing a remarkable $5 billion for its new venture fund, Thrive IX. This significant achievement highlights Thrive’s pivotal role in the resurgence of investor interest, particularly in the rapidly evolving artificial intelligence sector. We are humbled to announce the close of Thrive IX. Exceeding $5 billion, Thrive IX comprises $1 billion designated for early-stage investments and $4 billion designated for growth-stage investments. At Thrive we aim to be concentrated in both people and ideas. The ways in which… pic.twitter.com/WE5eDsCWEr— Joshua Kushner (@JoshuaKushner) August 5, 2024 The newly raised capital will be divided into $1 billion for early-stage investments and a s