February 17, 2026
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1:22Now PlayingThrive Capital has raised more than $10 billion in its largest fund ever, giving the firm an expanded war chest to invest in areas such as artificial intelligence and space.
The fundraising was heavily oversubscribed, with Thrive turning away billions in prospective investments, and reflects the success of several of the firm's startups, including OpenAI, SpaceX and Stripe.
Thrive's strategy involves making big investments into a small number of portfolio companies, with the firm writing checks to about a dozen new companies annually, and providing extensive support to its portfolio companies.
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