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The Latest Breaking News from Thrive Capital

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

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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

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.

Benzinga

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

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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.

Fortune

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.

Latin Times

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

International Business Times

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.

Windows Central

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.

International Business Times

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.

Fortune

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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

Fortune

Thrive Capital has invested in more than a dozen other VC firms from its growth fund

The firm’s eighth growth fund has made investments into VCs including Scale AI’s Alexandr Wang and Not Boring newsletter writer Packy McCormick.

Fortune

How Joshua Kushner created a VC powerhouse with Thrive Capital

He built a name for himself apart from his famous family—and defied VC expectations

Fortune

Can billionaire VC Joshua Kushner mix kindness with capitalism?

The Thrive Capital founder has built his brand around unwavering support for founders—including the embattled Sam Altman of OpenAI.

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Fortune

The OpenAI saga isn't over—here's how Sam Altman could still return

A lot of people stand to lose a lot of money if OpenAI tries to forge on without Sam Altman.

Fortune

Stripe could be valued at $60 billion after investments from firms including Thrive Capital

Thrive Capital's possible investment in digital payments giant Stripe follows recent reports of its founders planning to go public within one year.

Fortune

Bob Iger joining Jared Kushner's brother's venture-capital firm as executive mentor and trend spotter

The former Disney CEO has invested in various startups since his departure from the media giant in 2020, and will link up with Joshua Kushner.

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