Thrive Capital has raised a $10 billion investment fund, the largest in its history and nearly double the size of its previous fund.

The new vehicle underscores strong investor confidence in the firm’s long-term strategy.

According to the firm, $1 billion of the fund is earmarked for early-stage startups, while the remaining capital will target growth-stage companies.

The fund was reportedly oversubscribed, reflecting sustained interest from institutional investors.

The raise comes as several of Thrive Capital’s major investments continue to surge in valuation, particularly in the artificial intelligence and fintech sectors.

Other notable holdings span data infrastructure, defense technology, and enterprise software.

The firm says its investment philosophy centers on deep commitment to a small number of founders, emphasizing long-term partnership over broad diversification.

Its founder noted that the AI revolution is still in its early stages, with outcomes likely to exceed current expectations.

Market observers also point to growing speculation around future public listings of major portfolio companies, a development that could generate substantial returns for investors and reshape capital flows within the venture capital industry.

Source: TechCrunch