Oct 22, 2025 - Business

Josh Kushner's Thrive Capital seeks billions for new funds

Dan Primack

Joshua Kushner at a Fortune conference — Joshua Kushner. Photo: Jemal Countess/Getty Images for Fortune Media)

Thrive Capital, the New York-based VC firm led by Josh Kushner, is raising its latest flagship fund, per SEC filings.

Why it matters: There is no VC firm that makes bigger or brasher bets, including giant checks to Stripe and OpenAI at aneurysm-inducing valuations.

Zoom in: Word is that the firm is just beginning its process, and will seek to raise a total of between $6 billion and $8 billion for its latest early-stage, growth and opportunities funds (together known as Fund X).

A Thrive spokesperson declined to comment.

The bottom line: Thrive's debut fund raised just $10 million back in 2009. That wouldn't even be table stakes in this environment.

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Josh Kushner's Thrive Capital seeks billions for new funds

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