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Josh Kushner’s venture-capital agency has raised one other $2 billion that it plans to spend money on a mixture of startups and extra mature corporations.
Thrive Capital introduced its seventh enterprise fund Thursday, saying it’s going to put $1.5 billion into late-stage corporations and $500 million towards early-stage investments.
“These new funds will develop our capability to speculate throughout quite a lot of phases, sectors and geographies,” the agency stated in a blog post.
Thrive has backed buzzy startups in a spread of industries since Kushner — the husband of supermodel Karlie Kloss and brother of ex-White Home adviser Jared Kushner — based the agency in 2009.
Its newest fund is twice as giant because the $1 billion funding pool that Thrive, which at present manages a $9 billion portfolio, announced in 2018.
A spokesman for Thrive declined to say what sorts of corporations the agency will goal for its subsequent investments, however its earlier bets embrace tech stalwarts reminiscent of Instagram and Spotify together with upstarts reminiscent of Robinhood, the stock-trading app that ended up on the heart of the recent GameStop frenzy.
Thrive additionally invested in Oscar Well being, the tech-focused medical insurance agency that Kushner co-founded with Mario Schlosser in 2012. The Manhattan-based firm, which has 529,000 members throughout 18 states, filed paperwork final week to go public on the New York Inventory Trade.
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