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The Latest Breaking News from Thrive Capital

Michael Dell’s son aims to transform the home power business by selling electricity and batteries like a Costco membership

Base Power just completed a $1 billion fundraising round and is building a Texas battery factory.

Fortune

Exclusive: Stripe-backed blockchain startup Tempo raises $500 million round led by Joshua Kushner’s Thrive Capital and Greenoaks

The Series A values the Matt Huang–led Tempo at $5 billion and includes participation from Sequoia, Ribbit, and SV Angel.

Fortune

Thrive Capital’s Philip Clark is promoted to partner

Philip Clark has been promoted to partner at Thrive Capital, Fortune has exclusively learned.

Fortune

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OpenAI Employees Eye $6 Billion Share Sale To SoftBank As ChatGPT Maker's Valuation Nears $500 Billion: Report

Employees of AI firm OpenAI are reportedly mulling over the sale of nearly $6 billion worth of shares to investors, including SoftBank Group (OTC:SFTBY) and Thrive Capital.

Benzinga

OpenAI Poised To Dethrone SpaceX With Mind-Blowing $500bn Valuation

OpenAI eyes $500 billion valuation via share sale, set to overtake Elon Musk's SpaceX as the world's most valuable private tech company.

International Business Times UK

OpenAI in talks on share sale that would price it above Elon Musk’s SpaceX

If the transaction goes ahead the value of the ChatGPT developer would rise by about two-thirds to $500bn

The Guardian - UK

12 Next-Gen AI And Social Startups Backed By Thrive Capital And Y Combinator Shaping 2025: 'We're On The Brink Of Another Big Consumer Wave'

A new wave of AI-driven consumer startups is gaining traction among investors in 2025, with many of these platforms blending artificial intelligence with real-world interaction to reshape how people connect, discover, and build communities, Business Insider reports.

Benzinga

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Exclusive: Ambrook raises $26.1 million Series A to provide farmers and ranchers with better accounting software

Founded in 2021, Ambrook has raised a $26.1 million Series A, led by Thrive Capital and Dylan Field, Fortune has exclusively learned.

Fortune

Exclusive: Clair, embedded earned wage access startup, raises $23.2 million Series B

Clair has raised $23.2 million for its Series B, led by Upfront Ventures and with participation from Thrive Capital, Fortune can exclusively report.

Fortune

Travel platform Fora closes $40 million Series C funding round

Fora closed a $40 million Series C round this year.

Fortune

SoftBank dethroned Microsoft as OpenAI's largest investor, pushing the ChatGPT maker's market cap to $300 billion — but reportedly buried itself in debt

OpenAI closed its latest round of funding where it managed to raise $40 billion from investors, pushing its market cap to $300 billion.

Windows Central

Demis Hassabis on Isomorphic’s $600 million raise, AI, and healthcare’s future

Demis Hassabis, cofounder of DeepMind and 2024 Nobel Laureate, talks to Fortune about his AI drug discovery startup, Isomorphic Labs.

Fortune

Alza, a Latino-focused startup that raised $6.6 million, abruptly shuts down

Alza is the latest fintech to cease operations

Fortune

Databricks just raised $10 billion in one of the biggest venture capital fundings ever

Databricks announced one of the largest venture capital fundings ever, led by Thrive Capital, and is now valued at $62 billion.

Fortune

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Benzinga

Thrive Capital, Tiger Global-Backed Cannabis Wholesale Platform LeafLink Buys Leaf Trade: Co. Will Process ~$9B In Annual GMV

LeafLink acquires Leaf Trade, creating a $9B cannabis wholesale platform and expanding industry-leading tools.

Fortune

Josh Kushner, the lead investor in OpenAI, hires people with less than 4 years of investing experience

The Thrive Capital founder isn’t looking for the most senior candidate, rather someone who can pave the new way

Fortune

Behind the curtain of Joshua Kushner’s venture empire

How the Thrive Capital founder approached his OpenAI investment.

Fortune

Exclusive: Imprint, a co-branded credit card startup, closes $75 million Series C and boosts valuation to $600 million

Imprint has raised a $75 million Series C led by Khosla Ventures, Fortune has exclusively learned.

Get all your
news in one place.

100’s of premium titles.
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Latin Times

OpenAI Secures $6.6 Billlion In New Funding At $157 Billion Valuation

OpenAI did not name the investors, but reports said that the funding round was led by New York-based venture capital firm Thrive Capital, including the company's biggest backer Microsoft and new participants, chipmaker Nvidia and SoftBank, among others.

International Business Times

OpenAI Secures $6.6 Billion In New Funding At $157 Billion Valuation

Windows Central

Investors claim OpenAI is 'uniquely' positioned to become the world's dominant AI company worth trillions of dollars ahead of Microsoft and Apple: "There has never been a company that has both a dominant enterprise and consumer position early on"

A new report claims more investors are joining OpenAI's latest round of funding, potentially propelling it to become the world's dominant AI company worth trillions of dollars, potentially ahead of Microsoft, NVIDIA, and Apple.

Windows Central

OpenAI is reportedly in talks to raise $6.5 billion from Microsoft, NVIDIA, and Apple amid bankruptcy claims — pushing its market cap to $150 billion

OpenAI is reportedly in talks to raise $6.5 billion from investors, pushing its market capitalization to approximately $150 billion. The startup also wants to raise $5 billion in debt from a few banks.

International Business Times

OpenAI In Talks For New Funding Valuing ChatGPT Maker More Than $100B: Reports

Thrive Capital is expected to lead the investment, committing $1 billion to the round.

Fortune

Exclusive: Savvy Wealth closes Series A at $26.5 million

Savvy has raised $15.5 million in an additional round led by Canvas Ventures, closing the startup’s Series A at $26.5 million, Fortune can exclusively report. Thrive Capital, Brewer Lane Ventures, Index Ventures, The House Fund, and Alumni Ventures, all existing investors, also participated in the round.

The Guardian - US

Microsoft-backed OpenAI valued at $80bn after company completes deal

Company to sell existing shares in ‘tender offer’ led by venture firm Thrive Capital, in similar deal as early last year

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