Financial Times: Thrive Capital Aims for $3b Tech Funding Amid Sector Downturn

In a move signaling confidence amidst a tech investment downturn, Thrive Capital, a prominent investor in OpenAI, is set to initiate a fundraising campaign targeting at least $3 billion for further tech investments. Sources close to the matter, as reported by the Financial Times, indicate that the New York-based venture investment firm is in the early stages of fundraising, with a formal launch anticipated in the coming months. This places Thrive Capital among a select few growth funds actively seeking investment capital in the tech sector.

While the fundraising target is yet to be finalized, insiders suggest that discussions have revolved around a sum of $3.4 billion, aligning closely with the amount raised for the firm's previous fund in 2022. Thrive Capital's strategic move showcases a proactive approach to navigating the current investment landscape and underscores the firm's commitment to fostering technological innovation.