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Thrive Capital has successfully raised $5 billion for its venture capital funds, marking one of the largest VC vehicles raised in 2024. The funds, part of Thrive IX, are divided into $1 billion for early-stage investments and $4 billion for growth-stage investments. This significant raise follows Thrive Capital's backing of OpenAI in 2023, highlighting the continuing interest in AI-driven startups. Josh Kushner, the founder of Thrive Capital, emphasized the firm's commitment to concentrating on both people and ideas. The fundraising achievement underscores the divergence in fundraising prospects between tier-1 VC firms and the rest of the industry.
Check out the latest blog post from The Wall Street Journal, covering Thrive Capital's massive $5 billion venture fund raise, hot on the heels of their OpenAI collaboration. Get the exclusive details here: https://t.co/YhffwWnk48
Check out the exclusive post on Thrive Capital's latest achievement, raising $5 billion for venture funds and making a significant bet on OpenAI. Get all the details here: https://t.co/YhffwWnk48 #ThriveCapital #VentureFunds #OpenAI #TheWallStreetJournal
Thrive Capital's $5 billion Fund IX ranks among the largest VC vehicles raised in 2024, as the fundraising prospects for tier-1 VC firms continue to diverge from the rest of the industry. https://t.co/ikySED4KoB
