Thrive Capital just raised $10 billion for a new fund — the largest fund it has ever raised and nearly double the size of its last fund. Of this, $1 billion is dedicated to early-stage investments, while the rest is for growth-stage investments, according to an announcement from the firm.
Thrive told Bloomberg that this latest fundraise was oversubscribed. This is the firm’s 10th fund — called Thr...
**STEELMAN:** Thrive Capital’s $10 billion fundraise is a testament to its disciplined strategy and the perceived potential of its portfolio. By concentrating capital on a select group of founders—particularly in AI and other high-growth sectors—the firm positions itself to capitalize on outsized returns from companies like OpenAI and SpaceX. The oversubscription signals strong investor confidence, while the emphasis on long-term missions aligns with a patient, founder-centric approach. The narr...