Thrive Capital

Thrive Capital was founded in 2009 by Joshua Kushner, a Harvard Business School graduate, with a focus on early-stage investments in internet, software, and technology-enabled companies. Headquartered in New York City, the firm operates with a lean team of between 11 and 50 employees and maintains a concentrated portfolio strategy, betting heavily on a select group of companies rather than spreading capital thinly. Over the years, Thrive has backed some of the most transformative technology companies during their formative stages, including Instagram, Slack, Stripe, OpenAI, Databricks, Cursor, and Anduril. The firm's 2016 fund achieved a 2.4x DPI (distributed to paid-in capital), a strong return that has helped attract significant limited partner commitments.

In February 2026, Thrive Capital raised $10 billion in a new fund, one of the largest venture capital fundraises in history. That same year, the firm created Thrive Holdings, an offshoot that buys controlling stakes in companies, and secured $2 billion in financing for it from SoftBank, Altimeter, and D1 Capital in July. In May 2026, Thrive made a $100 million AI-focused investment in Shopify, lifting the company's share price by 3%. In April 2026, Bob Iger, the former Disney CEO, rejoined Thrive Capital as an adviser after stepping down from Disney in March. Iger had previously been associated with the firm before returning in this advisory capacity.

Joshua Kushner is also the co-founder of Oscar Health, a health insurance company, and holds a minority ownership stake in the NBA's Miami Heat. The firm's most controversial recent activity involves Kushner's exploration of a FIFA investment. In July 2026, FIFA announced plans to sell stakes in the World Cup to private investors through a $20 billion vehicle, with Thrive Capital and Kushner involved in the discussions. This move provoked a furious response from UEFA, which accused world soccer's governing body of putting the game's soul up for sale. Kushner's involvement has drawn attention due to his family's political connections, including his brother Jared Kushner, who served as a senior adviser to former President Donald Trump. [edit]