COMPANIES · FINANCIAL & INVESTMENT

Thrive Capital

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.

InfrastructureFinancial & investment
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 was reportedly the sole investor in OpenAI's 2022 funding round and has continued investing at each major valuation step since, including a reported ~$1B position in early 2026 -- one of the most concentrated bets any single venture firm has placed on one AI lab.

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

Financial and investment. The investors and financial firms 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.

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
Invested inDated / 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 Capital corporate overview ↗
Reviewed

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Inclusion in this database is not an endorsement of a company or its securities. Nothing here is a recommendation to buy or sell anything, and none of it is individualized investment advice. See the disclosures. Data: AI Map v3.22, released .