Thrive Holdings Secures $2B Funding Round, Valuation Hits $12B

AI investment firm Thrive Holdings closes $2B round led by SoftBank, reaching $12B valuation. Strategy focuses on acquiring service firms to integrate AI rather than funding model development.

Woofun AI reports that Thrive Holdings has finalized a $2 billion financing round, elevating its valuation to $12 billion. The investment round includes participation from SoftBank, D1 Capital Partners, and Altimeter Capital. Established in 2025 by Joshua Kushner, the platform diverges from conventional venture capital by avoiding direct investments in large AI model developers. Instead, it acquires existing service companies and embeds AI technology into their operational workflows to enhance efficiency. This follows an initial funding phase of approximately $1 billion.