Thrive Capital Raises $700 Million for Fifth Fund


Joshua Kushner, left, and Kevin Nazemi, two of the founders of Oscar Health. Mr. Kushner also runs Thrive Capital, the venture capital firm. CreditJoshua Bright for The New York Times

Thrive Capital, which gained fame with early investments in technology darlings and then began incubating businesses like health insurers, is about to become bigger.

Thrive plans to announce on Monday that it has raised $700 million for its fifth fund, pushing the firm’s overall size to just under $1.5 billion.

Over its six years, Thrive has become a quiet force in venture capital. At its helm is Joshua Kushner, the younger son of a New York-area real estate family — his brother is Jared Kushner, who leads the family business and is the son-in-law of Donald J. Trump — who has carved his own path…

Thrive Capital Raises $700 Million for Fifth Fund

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