Dark
Light
Today: May 14, 2024
January 7, 2024
1 min read

Thrive Capital Aims for Extraordinary $3 Billion Fundraise with OpenAI

TLDR:

  • Venture firm Thrive Capital is planning to raise at least $3 billion in a new fundraising round.
  • The fundraising comes amid a downturn in tech funding, with 2023 expected to have the lowest level of fundraising since 2015.

Venture firm Thrive Capital, a major investor in OpenAI, is reportedly preparing to raise a minimum of $3 billion in a new fundraising round. The fundraising plans come at a time when tech funding is experiencing a downturn, with 2023 on track to have the lowest level of fundraising since 2015, with a decline of over 50% compared to the previous year. This decline has led to mass layoffs and fewer opportunities for startups to secure funding. Many observers predict that funding conditions will continue to be challenging in 2024, particularly for startups at earlier funding stages. Despite this, there is hope that easier access to funding may be available for top-performing startups.

Previous Story

Opportunities for Clinicians: Exploring the Thriving Startup Scene

Next Story

2024: VC Firms Embrace Fundamentals and Unleash Early-Stage Potential

Latest from Blog

May Health Secures $25M in Series B Financing

TLDR: May Health, a clinical-stage medical device company based in Paris, raised $25M in Series B funding led by Bpifrance and Trill Impact. The funding will support the company’s growth and advance

CereVasc Secures $70M in Series B Funding

TLDR: CereVasc, a medical device company, raised $70M in Series B funding led by Bain Capital Life Sciences and Perceptive Xontogeny Venture Fund. The funds will support the development of its eShunt
Go toTop