Joshua Kushner announces new mega-fund: Thrive X tops $10 billion

US investor Joshua Kushner has announced the closing of his new venture fund Thrive X. With a volume of over 10 billion US dollars, it is one of the largest growth funds in the technology sector. Around 1 billion US dollars of this is earmarked for early-stage investments and 9 billion US dollars for growth-stage financing.

Long-term approach instead of short-term milestone logic

Kushner does not describe the fund as a classic moment of success, but rather as a long-term commitment. Thrive sees itself less as a financial investor and more as a company that works in partnership and whose product is close cooperation with a small number of selected founders. The focus is on accompanying companies over long periods of time, both in growth phases and in difficult moments.

Clear investment philosophy: concentration instead of diversification

According to Thrive, it deliberately pursues a concentrated investment approach. Instead of broad diversification, the company focuses on a small number of conviction investments with a high degree of proximity to the founders and their missions. In an environment in which capital alone no longer represents a competitive advantage, targeted selection, long-term commitment and staying power should be the decisive differentiators.

Category-defining companies

Thrive pursues a long-term thesis: companies that define new categories build up structural competitive advantages over time, which strengthen cumulatively. The new fund is intended to support precisely this development over long innovation cycles and thus continue the previous strategy.

Also visible in Europe

In Germany, the investment company has become known to many observers in particular through its investment in the Berlin neobroker Trade Republic. Joshua Kushner himself is known to many as an investor in OpenAI. The commitment underlines Thrive Capital's international focus, which invests specifically in technology-driven platform companies with great scaling potential.

Thanks to investors and founders

Kushner also emphasized the role of the limited partners, whose trust enables the long-term orientation. Thrive does not see itself as the main player, but as an enabler that creates the framework conditions for founders to build sustainable companies.