Thrive Capital

Investor type Venture Capital
Founders Joshua Kushner

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 221
Average round size
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The average size of a deal this fund participated in
$59M
Portfolio companies 126
Rounds per year 18.42
Lead investments 33
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.43
Exits 41
Key employees 5
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • Health Care
  • FinTech
  • Internet
  • E-Commerce
Summary

In 2009 was created Thrive Capital, which is appeared as VC. The main office of represented VC is situated in the New York. The fund was located in North America if to be more exact in United States.

The fund was created by Joshua Kushner. Besides them, we counted 5 critical employees of this fund in our database.

The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. Among the various public portfolio startups of the fund, we may underline Slack Technologies, Stripe, Instacart For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular fund investment industries, there are Mobile, Internet.

The average startup value when the investment from Thrive Capital is more than 1 billion dollars. The real fund results show that this VC is 11 percentage points more often commits exit comparing to other companies. This Thrive Capital works on 11 percentage points less the average amount of lead investments comparing to the other organizations. The top amount of exits for fund were in 2018. The usual things for fund are deals in the range of 10 - 50 millions dollars. The top activity for fund was in 2019. The fund is generally included in 13-24 deals every year.

The usual cause for the fund is to invest in rounds with 7-8 partakers. Despite the Thrive Capital, startups are often financed by Founder Collective, Social Capital, Lee Linden. The meaningful sponsors for the fund in investment in the same round are Tiger Global Management, Forerunner Ventures, Betaworks. In the next rounds fund is usually obtained by Y Combinator, GV, IVP (Institutional Venture Partners).

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Typical Co-investors
Thrive Capital is more likely to invest in rounds together with the following funds:
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These funds have a tendency to invest in the following rounds after Thrive Capital:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
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Funds with similar geography of portfolio companies:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Pleo

Financial Services
FinTech
Information Technology
Mobile Payments
Payments
$200M09 Dec 2021 Copenhagen, Hovedstaden, Denmark

Stytch

Developer APIs
Software
UX Design
$90M18 Nov 2021 San Francisco, California, United States

Imprint

Finance
Financial Services
Payments
$38M15 Nov 2021 New York, New York, United States

Dutchie

Cannabis
E-Commerce
Point of Sale
Software
$350M14 Oct 2021 Bend, Oregon, United States

Humming Homes

Real Estate
$5M11 Oct 2021 New York, New York, United States

Studs

Retail
$20M05 Oct 2021 New York, New York, United States

TrialSpark

Clinical Trials
Health Care
$156M30 Sep 2021 New York, New York, United States

Gorillas

Delivery
Delivery Service
E-Commerce
Grocery
Same Day Delivery
$1B24 Sep 2021 Berlin, Berlin, Germany

Grailed

E-Commerce
Fashion
Internet
Marketplace
Retail
$60M16 Sep 2021 New York, New York, United States
News
Cannabis tech startup Dutchie raises $350M to double valuation to $3.75B in less than a year

– Dutchie, a technology company that helps facilitate legal cannabis orders, raised $350m in Series D funding.
– The round was led by D1 Capital Partners, with participation from previous investors including Tiger Global, Dragoneer, DFJ Growth, Thrive Capital, Gron Ventures, and Casa Verde Capital, and new investors, including Willoughby Capital, Glynn Capital, and Park West Asset Management.
– It brings the company to a valuation of $3.75 billion.
– The company’s technology includes e-commerce, point of sale and seamless payment solutions and is used to power annual sales of more than $14 billion at 5,000 cannabis dispensaries across North America.

Melio Raises $250M To Fuel Expansion Of Its B2B Payments Platform And Forge New Partnerships, Tripling Valuation To $4B

– Melio, a leading B2B payments platform for small businesses, today announced it has raised an additional $250m, tripling the company’s valuation to $4bn since January 2021.
– The Series D round, which comes as the company grew its monthly processing volumes by 5,000% over the last 18 months, was co-led by new investor Thrive Capital of New York, along with existing investor General Catalyst. U.S. investment firm Tiger Global Management also invested in the round, along with existing investors Accel, Bessemer, Coatue, Corner Ventures, and Latitude.
– The capital raised will accelerate the company’s expansion through partnerships with leading financial institutions, software providers, and marketplaces interested in enabling B2B payments for their customers.

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