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Company

Thrive Capital

New York investment firm founded by Josh Kushner, headquartered in the Puck Building, running venture, roll-up and cultural-asset strategies.

Known aliases

  • Thrive

Current stories

investOne report1 publisher

Base Power Company's $13 billion valuation is 3.25 times that of its previous $1 billion round

Base Power Company raised $1 billion at a $13 billion post-money valuation, according to an August 12, 2026 Not Boring essay by an investor in the company. The account covers one firm, so it prices Base without measuring home storage as a category.

Publishers:notboring.co

Reality

Evidence35
Adoption
Not scored
Hype gap+45
Incentives80
Confidence45
investConfirmed3 publishers

Anduril's employee tender prices the company about 48% above its May round

Anduril opened an employee tender at $94.80 a share that values it near $90 billion, against $61 billion in May. On last year's $2.2 billion of revenue that is about 41 times sales, up from about 28 times in May.

Perspective Coverage

3 publishers
Builder
Builder 15%
Operator
Operator 27%
Investor
Investor 58%

Reality

Evidence66
Adoption65
Hype gap+30
Incentives
Not scored
Confidence70
scienceConfirmed6 publishers

Ramp reportedly raises $1.85B at $60B pre-money, months after launching procurement agents

Ramp raised about $1.85 billion at a $60 billion pre-money valuation, Bloomberg reported, up from $44 billion in June. Forkast frames it as spend software turning into an agent platform. The price is under 40 times the annualized revenue Ramp reported in June.

Perspective Coverage

6 publishers
Builder
Builder 21%
Operator
Operator 15%
Investor
Investor 64%

Reality

Evidence48
Adoption58
Hype gap+25
Incentives40
Confidence62
buildOne report1 publisher

HeyGen's Avatar V builds a repeatable presenter from 15 seconds of reference video

HeyGen's Avatar V keeps one person recognisable across scenes and outfits from a 15-second recording. Its strongest evidence is a benchmark HeyGen ran itself, so buyers still have to prove it on their own footage and with their own viewers.

Publishers:runtimewire.com

Reality

Evidence40
Adoption
Not scored
Hype gap+40
Incentives75
Confidence50
investConfirmed5 publishers

Isomorphic Labs seeks a $40 billion valuation before its first human trial

Alphabet's Isomorphic Labs is in funding talks at a $40 billion valuation. Crypto Briefing put its prior mark near $17.5 billion, so the ask more than doubles the price of a drug designer that has yet to dose a patient.

Perspective Coverage

6 publishers
Builder
Builder 26%
Operator
Operator 17%
Investor
Investor 57%

Reality

Evidence55
Adoption25
Hype gap+45
Incentives55
Confidence55
buildOne report1 publisher

Claude Science lead engineer Alec Tarashansky joins OpenEvidence to work on AI for medicine

Alec Tarashansky, lead engineer on Anthropic's Claude Science, has joined OpenEvidence, the physician search company valued at $12 billion in January. The part of Claude Science's design that fits most directly into a doctor's search tool is its citation-checking agent.

Publishers:runtimewire.com

Reality

Evidence50
Adoption
Not scored
Hype gap+10
Incentives
Not scored
Confidence55
leadershipConfirmed3 publishers

Thrive's $2bn holding company is the tell: venture is drifting toward permanent ownership

Four raises worth $7.7 billion landed in one week, and the largest is not a fund with an exit clock. Thrive's roll-up vehicle sold roughly a sixth of itself at a $12 billion valuation.

Perspective Coverage

3 publishers
Builder
Builder 3%
Operator
Operator 27%
Investor
Investor 70%

Reality

Evidence50
Adoption
Not scored
Hype gap+35
Incentives60
Confidence55
investOne report1 publisher

Mach's $600m tranche buys roughly the same slice of the company that $300m bought in June

Ribbit, Infinite, Bedrock and Sequoia put $600m into Mach Industries at $3.7bn, three months after $300m at $1.8bn. On those marks the second cheque takes 16.2 per cent of the company and the first took 16.7.

Reality

Evidence34
Adoption22
Hype gap+30
Incentives68
Confidence40
investOne report1 publisher

The four funds that priced Mach at $1.8bn in June repriced it at $3.7bn

Ribbit, Infinite, Bedrock and Sequoia have put another $600m into Mach Industries at more than double the valuation they themselves set three months ago, lifting the Series C to $900m and lifetime funding past $1bn.

Reality

Evidence40
Adoption20
Hype gap+32
Incentives74
Confidence45
investOne report1 publisher

Kushner attributes Thrive's failed $4.2bn FIFA bid to football's politics rather than its price

Thrive would have paid as much as $4.2 billion for about 20% of a FIFA subsidiary it would not have controlled, in a structure where the approval that mattered sat with confederations that say they were never asked.

Publishers:fortune.com

Reality

Evidence45
Adoption5
Hype gap+25
Incentives85
Confidence55
productConfirmed3 publishers

a16z puts $1.1bn into the hardware its software portfolio is waiting on

The Machine Age Fund goes to chips, memory, networking, data centers and robotics rather than models or apps, which is a working judgment that what slows AI products now is rack power and lead times.

Perspective Coverage

3 publishers
Builder
Builder 30%
Operator
Operator 30%
Investor
Investor 40%

Reality

Evidence40
Adoption35
Hype gap+33
Incentives85
Confidence62
investOne report1 publisher

Europe's best quarter in four years, and four companies took a quarter of it

European startups raised $24bn in Q2 2026, but the concentration underneath the topline turns growth-stage exposure into an access problem and early-stage diversification into a much harder trade.

Reality

Evidence34
Adoption48
Hype gap+18
Incentives66
Confidence42
investOne report1 publisher

The Lakers as an amortization schedule: what Kushner's $12.5B is really buying

Fortune reports a tax logic under the Thrive founder's franchise purchase. On one analyst's allocation estimate, the deal implies roughly $750 million a year of deductible amortization.

Publishers:fortune.com

Reality

Evidence38
Adoption
Not scored
Hype gap+36
Incentives64
Confidence42
investOne report1 publisher

The Lakers at $12.5B reads better as a deduction than as a basketball team

Joshua Kushner and Bob Iger's record bid is being read by outside analysts as a non-passive shield against carried interest. The pricing logic may sit in the tax code.

Publishers:fortune.com

Reality

Evidence36
Adoption
Not scored
Hype gap+38
Incentives66
Confidence44
investOne report1 publisher

FIFA's $4.2bn spinoff died of a boycott threat, not a funding gap

Thrive Capital was lined up and JPMorgan was advising. Three confederations and the threat of a World Cup boycott ended it anyway, which tells you what actually gates capital in sports rights.

Publishers:en.sedaily.com

Reality

Evidence38
Adoption12
Hype gap+22
Incentives70
Confidence45
productOne report1 publisher

Lightspeed's Project Mercury puts the firm on both sides of the OpenAI price

The continuation fund buying Lightspeed's OpenAI stake will be managed by Lightspeed. Coller Capital's cheque is the only outside check on the transfer price.

Publishers:thenextweb.com

Reality

Evidence34
Adoption52
Hype gap+14
Incentives82
Confidence42