Thrive Capital
An established leader in venture capital with an exceptional track record of identifying and nurturing transformative technology companies across stages and sectors including Stripe, OpenAI, and Spotify. Its disciplined approach to long-term growth, coupled with a deep network of industry leaders and founders, ensures sustained value creation and unparalleled access to innovative opportunities.
- Pillar
- Private Investments - Funds
- Theme
- Digital Transformation
- Status
- Ongoing relationship
- Geography
- Global, USA
- Invested date
- November 2012
As early investors in the venture asset class, we take pride in our deep network that helps us spot early talent. We have known and tracked Thrive since its inception, over 15 years ago, when the firm was on very few investors’ radars. In those early years, we were consistently impressed with Thrive’s ability to identify, access, and help the most promising technology companies and entrepreneurs across sectors, stages, and geographies that led to notable early successes including backing Instagram shortly before its acquisition by Facebook.
We invested with Thrive in 2012 and have been a part of each of their flagship funds since then. Today, Thrive is a well-known and hard-to-access name in venture capital having amassed an enviable track record of partnering with many of the generational defining companies of our time including Stripe, Spotify, OpenAI, Wiz, GitHub, and Oscar Health. RIT has generated healthy returns on its investment in Thrive.
1Returns analysis as at 30 June 2024 on capital commitments made to Thrive funds since first RIT commitment in 2012, local currency basis
Source: Company information
Notable realisations
