Thrive Capital: $10 Billion Closing Of Thrive X Fund

Thrive Capital, the venture capital firm founded and led by Joshua Kushner, confirmed that it has closed its largest-ever investment fund, Thrive X, with more than $10 billion in committed capital. Kushner announced the new vehicle directly on X, underscoring its scale and strategic focus.

According to Kushner’s post, Thrive X is structured with $1 billion allocated for early-stage investments and $9 billion dedicated to growth-stage companies. The fund gives the firm significant flexibility to back companies across multiple phases of development, from emerging startups to later-stage category leaders.

The $10 billion raise marks the largest fund in Thrive Capital’s history and represents a major expansion of its investment capacity. Media reports have indicated that the fund was oversubscribed, reflecting strong demand from institutional investors seeking exposure to high-growth technology companies.

Founded in 2010 and based in New York City, Thrive Capital has built a portfolio that includes major technology companies such as OpenAI, SpaceX, Stripe, and Databricks. The firm has been particularly active in sectors including artificial intelligence, fintech, enterprise software, and frontier technologies.

By raising a multibillion-dollar fund spanning early and growth stages, Thrive positions itself to support portfolio companies throughout their lifecycle, including scaling operations, expanding internationally, and preparing for potential public offerings.

The confirmation via social media reflects a broader shift in how firms communicate major milestones, with founders and executives increasingly using direct digital channels to announce significant developments.

KEY QUOTE:

“We are pleased to announce the close of Thrive X. Exceeding $10 billion, Thrive X comprises $1 billion designated for early-stage investments and $9 billion designated for growth-stage investments.”

Joshua Kushner, Founder and Managing Partner of Thrive Capital