Josh Kushner’s Thrive Capital has raised more than $10 billion for its largest-ever fund, Thrive X, giving the firm substantial capital to target opportunities in AI, robotics, space exploration, and the life sciences sector.
The new fund, twice the size of its previous fund, targets to allocate $1 billion to early-stage ventures and $9 billion to growth-stage opportunities, according to a Tuesday announcement.
Established in 2009, Thrive Capital specializes in high-growth disruptors across technology, media, and software. The firm employs a focused strategy, investing heavily in a limited number of companies to build strong partnerships with founders.
Its portfolio includes major names such as SpaceX, OpenAI, and Stripe, which are now among the world’s most valuable private firms.
SpaceX, the aerospace company led by Elon Musk, entered the portfolio at a $38 billion valuation. Following its merger with xAI, the rocket maker became the world’s most valuable private company at $1.25 trillion.
Source: https://cryptobriefing.com/thrive-capital-raises-10b-largest-fund/
