# Thrive Capital

Thrive Capital is a Venture Capital based in New York, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, New York, United States
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** www.thrivecap.com
- **LinkedIn:** https://www.linkedin.com/company/thrive-capital

## Regulatory record

- **CRD number:** 162771
- **SEC file number:** 801-122181
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/162771

## About

Thrive Capital is an SEC-registered investment adviser in New York, NY, registered since 2021. The firm manages approximately $50.5 billion in regulatory assets. It has 80 employees and 33 investment advisers.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- AI/ML
- Consumer Internet

## Offices

- Menlo Park, California, United States
- Woodside, California, United States

## Questions

### How does Thrive Capital approach position sizing and concentration?

Thrive is known for making large, conviction-weighted bets rather than spraying seed checks across hundreds of startups. This manifested in leading rounds of $200 million or more into companies like OpenAI, Slack, and Unity. The firm often returns capital to limited partners through secondary sales of portfolio holdings while maintaining core equity positions.

### Does Thrive Capital invest outside the United States?

Thrive's investment activity concentrates overwhelmingly on North American companies. The firm has backed businesses with global operations, but its deal flow in Europe and Asia is less visible than peers like Tiger Global or Sequoia. The firm's Menlo Park office supports its Silicon Valley sourcing while its New York headquarters anchors East Coast deal origination.

### What is Thrive Capital's relationship with Affinity Partners or other political family vehicles?

Thrive operates independently of Jared Kushner and his firm Affinity Partners. The firm publicly separated its investment operations from political associations and Joshua Kushner has stated that Thrive's limited partner base and governance have no connection to his brother's activities.

### What is Thrive Capital's stance on participating in follow-on rounds?

Thrive frequently exercises pro-rata rights and has led multiple successive funding rounds for portfolio companies. In the case of OpenAI, the firm participated in multiple investment tranches and managed a secondary tender offer after the initial financing. The firm's later-stage funds provide the capacity for substantial follow-on deployment.

### Does Thrive Capital operate any affiliated hedge fund or public-markets vehicle?

There is no public evidence of a Thrive-branded hedge fund or registered investment advisor operating alongside the core venture franchise. The firm's crossover-style investing — holding positions in late-stage private companies that resemble public-comparables sizing — has been executed entirely through its venture capital and growth equity fund structures.

## Related profiles

- [Third Wave Ventures](https://altss.com/profile/third-wave-ventures)
- [Tiger Global Management](https://altss.com/profile/tiger-global-management)

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Last updated: 2026-06-03T20:00:00.000Z

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