Thrive Capital

Six venture capital firms—Andreessen Horowitz, Sequoia Capital, Thrive Capital, Lightspeed Venture Partners, Founders Fund, and General Catalyst—now raise more capital than all other U.S. venture firms combined, driven by AI startup demands, private company retention, and institutional investor preferences. These firms offer entrepreneurs resources like advisers and recruiting support but also impose high expectations for rapid scaling and large returns, prompting some founders to seek smaller, more flexible investors.

Longevity startup NewLimit raised $435 million in a Series C funding round led by Founders Fund, Thrive Capital, Lilly Ventures, and tech entrepreneurs Nat Friedman and Daniel Gross. The company, founded in 2021 by Brian Armstrong, Blake Byers, and Jacob Kimmel, plans to launch its first clinical trial of a liver medicine and is now valued at $3.1 billion.

Kushner's Thrive Capital invested $100 million in Shopify, while Shopify Inc. shares fell due to projected slowing profit growth. Executives plan to increase spending to boost sales growth. The investment occurred amidst Shopify's efforts to improve sales.

Bob Iger, former Disney CEO, has rejoined Thrive Capital as an advisor. He holds a stake in the firm and was previously a venture partner at Thrive Capital.

Cursor is in talks to raise over $2 billion at a $50 billion valuation, driven by surging enterprise growth. Returning investors a16z and Thrive are expected to lead the funding round.