COMPANIES · THE MONEY

Thrive Capital

In the AI Economy Index: private

New York venture capital firm led by Josh Kushner that has become one of OpenAI's largest and earliest outside backers, alongside a broader portfolio of internet and software companies.

InfrastructureThe money
What it does

New York venture capital firm led by Josh Kushner that has become one of OpenAI's largest and earliest outside backers, alongside a broader portfolio of internet and software companies.

Why it matters

Thrive counts OpenAI among its biggest investments; in February 2026 it raised a $10 billion fund (Thrive X), its largest yet.

How it makes money

Earns management fees and a share of investment profits (carried interest) on the venture funds it raises from its own limited-partner investors.

Geography

United States

AI stack position

The money. The backers whose capital is funding the AI buildout. These companies don't build AI technology themselves. They supply the enormous amounts of money it takes to build everything else on this map.

Same-layer peers

Same-layer peers share an editorial stack classification. That alone does not establish direct competition.

Earnings

No box score on file.

The Box Score

Connections (1)

Every connection below is tied to a readable source, date, classification and statement of its limits. A company source establishes what that company stated. It does not necessarily provide independent confirmation.

Dated or announced (1)

Thrive Capital invested approximately $1 billion in OpenAI
BacksDated / announced
Thrive Capital is reported to have invested approximately $1 billion in OpenAI at a $285 billion valuation.

Source: 2026-02-25 · reviewed 2026-09-21

Evidence: Secondary reporting (unconfirmed by primary parties) · Reported investment, February 2026

Limits: Based on a single media report citing an unnamed source; neither Thrive Capital nor OpenAI has confirmed the amount or valuation on the record. Thrive was also OpenAI's sole investor in a separate, much smaller 2022 round, so this is one of several distinct Thrive-OpenAI investments, not the whole relationship.

Thrive Capital invested about $1 billion in OpenAI at a $285 billion valuation, source says ↗
Evidence for this profile

Thrive raises $10B for new fund, its largest yet ↗
Reviewed

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