TLDR:
- Venture capital firm Thrive Capital is reportedly planning to raise a new fund worth $1.5-2bn to invest in tech startups.
- The firm, founded by Joshua Kushner, has already invested in companies such as Oscar Health, Cadre, and Glossier.
Venture capital firm Thrive Capital is reportedly planning to raise a new fund worth $1.5-2bn to invest in tech startups. The firm, founded by Joshua Kushner, has already invested in companies such as Oscar Health, Cadre, and Glossier. Thrive Capital has been successful in the past with its investments—particularly in the healthcare industry—and is now looking to double down on the tech sector.
Thrive Capital is known for its investments in disruptive start-ups and has a successful track record in areas such as healthcare and real estate. The firm was founded in 2009 by Joshua Kushner, who is also the brother of Jared Kushner, President Donald Trump’s son-in-law and senior advisor. Thrive Capital has made investments in companies such as Oscar Health, Cadre, and Glossier.
The new fund will reportedly be used to invest in early-stage tech startups, as well as to support existing portfolio companies. The fund is expected to be oversubscribed, given the firm’s strong performance and reputation in the industry. Thrive Capital is also known for its hands-on approach to investing, providing guidance and support to its portfolio companies.
The decision to raise a new fund comes at a time when the venture capital industry is experiencing a surge in fundraising. Tech companies have been attracting significant investment in recent years, with investors looking for high-growth opportunities. The Covid-19 pandemic has also accelerated the adoption of new technologies, creating even more opportunities for investors.
Thrive Capital’s focus on the tech sector aligns with this trend, as the firm believes that technology will continue to disrupt traditional industries and create new opportunities. The firm has a successful track record in investing in disruptive technologies, with previous investments in companies such as Oscar Health, a health insurance startup, and Cadre, a real estate investment platform.
The new fund is expected to target a wide range of tech sectors, including software, e-commerce, and digital health. The firm is also looking to expand its investment team to support its growing portfolio and increase its deal flow. Thrive Capital is currently one of the most active venture capital firms in the industry, and the new fund will enable it to make even more investments in promising tech startups.
Overall, the decision to raise a new fund highlights Thrive Capital’s confidence in the tech sector and its ability to identify and invest in promising startups. The firm’s successful track record, hands-on approach, and focus on disruptive technologies make it an attractive partner for tech entrepreneurs looking for funding and support.
