Thrive Capital
New York-based crossover venture firm founded by Joshua Kushner in 2009, managing approximately $15B+ and known for concentrated, multi-stage bets in internet and software companies including Stripe, OpenAI, and Instagram.
Typical check size
$1M-$10M (stage-based estimate)
Founded
2009
Headquarters
New York, NY
AUM
$15B+
Rounds they lead
Seed
Series A
Rounds they invest
Pre-Seed
Seed
Series A
Series B+
Portfolio companies we track
Startups in our directory that list Thrive Capital as an investor (34 total).
- Airbnb Global marketplace connecting guests with short-term stays and experiences.
- Anduril Software-defined defense systems — drones, counter-UAS, and autonomous military platforms.
- Anysphere Company behind Cursor, the AI-native code editor for software development.
- Base Power U.S.-made residential batteries and energy plans that aggregate into a virtual power plant — grid flexibility at the edge of the home.
- Cadre Institutional real-estate investing marketplace (acquired by Yieldstreet).
- Carta Equity management and cap table platform for private companies and funds.
- Cedar Patient financial engagement platform simplifying medical billing for health systems.
- Cursor AI-native code editor (Anysphere) that forks VS Code for agentic programming workflows.
- Dwolla ACH payments API for programmatic U.S. bank-to-bank transfers.
- Exowatt Modular thermal energy storage for AI data-center power needs.
- Fanatics Licensed sports merchandise e-commerce and collectibles platform.
- FiftyThree FiftyThree created the Paper iPad drawing app (Apple App of the Year 2012) before WeTransfer acquired its assets in 2018.
- Figma Collaborative interface design platform that became the default design system tool.
- Formation Bio AI-native pharma company in-licensing and accelerating clinical-stage drug development.
- Garner Health Employer benefit that ranks in-network doctors on outcomes and reimburses members who see top performers.
- GitHub Developer platform for hosting, reviewing, and collaborating on code — acquired by Microsoft in 2018.
- Headway Insurance-network platform connecting patients to in-network therapists — largest mental-health provider network in the U.S.
- Honor Tech-enabled home care network matching professional caregivers with seniors — merged with Home Instead.
- Instacart Grocery delivery marketplace connecting consumers, retailers, and personal shoppers.
- Instagram Mobile photo-sharing app with filters and social graph — acquired by Facebook for ~$1B in 2012.
- Lightspark Enterprise Bitcoin Lightning payments infrastructure — founded by David Marcus.
- Loft Brazilian proptech marketplace digitizing residential buying, selling, and financing.
- OpenAI Frontier AI lab behind ChatGPT, GPT models, and API platform for developers and enterprises.
- OpenEvidence AI medical search and clinical decision support with citation-linked evidence for U.S. physicians.
+10 more in the directory graph (browse related articles below or the startups index).
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FAQs about Thrive Capital
Stage fit, check size, thesis, and how founders typically approach this firm — based on public sources and our directory.
Thrive leads seed and Series A rounds and participates from pre-seed through growth (Series B+). Our directory reflects multi-stage coverage; Thrive is known as a crossover venture firm that maintains pro-rata through later rounds in high-conviction positions — not a hedge fund.
Thrive does not publish a single check-size range. Our coverage describes a conviction-driven, multi-stage model with concentrated positions — checks scale from early-stage seed/Series A to large growth allocations (e.g., leading Isomorphic Labs' $600M external round in March 2025).
Crossover VC. Thrive writes private-company equity checks across seed through growth and can hold through IPO, but it is not a public-markets hedge fund with short books or hedge-fund trading mandates. See /how-to-evaluate-thrive-capital-2026 for a founder diligence framing.
Thrive is headquartered in New York City and invests globally in category-leading internet and software companies. Geographic focus follows founder quality rather than a strict NYC-only mandate.
Thrive backs enterprise SaaS and consumer internet companies with network effects and category-defining potential. Historic bets include Stripe, OpenAI, Instagram, Oscar Health, Slack, and Warby Parker. Our directory tags enterprise-saas and consumer.
Thrive routinely leads seed, Series A, and growth rounds in companies it backs. The firm is known for high-conviction, concentrated portfolios and multi-fund follow-on capacity through later stages.
Many directory startups list Thrive, including Stripe, OpenAI, Figma, Instacart, Robinhood, Plaid, and Cursor — see /startup/stripe, /startup/openai, /startup/figma, /startup/instacart, /startup/robinhood, /startup/plaid, and /startup/cursor.
Warm introductions from portfolio founders, operators, or co-investors are the standard path — cold decks rarely reach partners. Review thrivecap.com, then use /how-to-evaluate-thrive-capital-2026 for stage scorecards before asking for an intro.
See /how-to-evaluate-thrive-capital-2026 for a founder diligence memo (stage scorecards, portfolio dates, approach path) and nyc-thrive-capital-15b-aum-josh-kushner for crossover philosophy, ~$15B+ AUM context, and landmark bets including OpenAI and Isomorphic Labs.