Thrive Capital, the venture firm founded in 2009 by a then 25-year-old Joshua Kushner, says it has closed its eighth fund with approximately $3bn in capital commitments, $500m of which it plans to invest in early-stage startups and another $2.5bn that it has earmarked for later-stage companies.
The announcement comes almost a year to the day that Thrive took the wraps off its seventh fund, which it closed with $2 billion. Similarly, the idea with that fund was to plug $500m into early-stage startups, and $1.5bn into later-stage companies. The young outfit says it is now managing roughly $16bn in assets across all of its funds.
Not last, in January, Thrive co-led a $175m Series F round for Lattice, a now eight-year-old, San Francisco-based employee performance management software company. Thrive’s co-leads in the round included entrepreneur Elad Gil, Tiger Global and Dragoneer.
Read more: Tech Crunch
