How Much Did Thrive Global Raise? Funding & Key Investors

Thrive Global has successfully raised funding over four rounds, with the latest being a Series C round. The company is backed by 34 investors, including notable names like Owl Ventures, IVP, and Kleiner Perkins.

Thrive Global offers a comprehensive suite of behavior change solutions designed to improve health and productivity for both employers and healthcare organizations. Keep reading to explore the intricacies of Thrive Global's fundraising journey and the investors backing this innovative platform.

What Is Thrive Global?

Thrive Global, founded by Arianna Huffington in 2016, is a company dedicated to improving health and productivity through behavior change. Based in New York, New York, the company operates in various sectors, including corporate training, mobile apps, personal health, software, and wellness.

With a workforce of 501-1000 employees, Thrive Global offers an AI-powered health and wellbeing platform, chronic condition management, personalized coaching, and engagement services. The company's solutions are rooted in science, emphasizing small daily changes, or Microsteps, to achieve significant health and wellbeing improvements.

How Much Funding Has Thrive Global Raised?

1. Series A
   • Amount Raised: USD 11,490,000
   • Date: August 2016
   • Lead Investors: Lerer Hippeau
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To launch and establish Thrive Global's initial product offerings and market presence.
2. Series B
   • Amount Raised: USD 31,690,000
   • Date: November 2017
   • Lead Investors: IVP
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand Thrive Global's product development and market reach.
3. Series B
   • Amount Raised: USD 22,750,000
   • Date: May 2018
   • Lead Investors: Jazz Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further scale operations and enhance technological capabilities.
4. Series C
   • Amount Raised: USD 80,000,000
   • Date: July 2021
   • Lead Investors: Kleiner Perkins, Owl Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth, address the burnout epidemic, and enhance productivity and mental resilience.

Total Amount Raised: USD 146,930,000. Current Valuation: Not publicly disclosed.

Key Investors

• Kleiner Perkins
  • Details: Kleiner Perkins is a venture capital firm that has been investing in early-stage and growth companies since 1972. The firm is known for its investments in technology and life sciences companies.
  • Investment Focus Areas: Technology, Life Sciences, Consumer Products
  • Notable Investments: Google, Amazon, Twitter
• Owl Ventures
  • Details: Owl Ventures is a venture capital firm that focuses on investing in education technology companies. The firm aims to support companies that are transforming the education landscape.
  • Investment Focus Areas: Education Technology, Learning Platforms, EdTech Tools
  • Notable Investments: Byju's, MasterClass, Quizlet
• Jazz Venture Partners
  • Details: Jazz Venture Partners invests in companies that are at the intersection of technology and neuroscience. They focus on companies that enhance human performance and well-being.
  • Investment Focus Areas: Neuroscience, Human Performance, Well-being
  • Notable Investments: Halo Neuroscience, Thync, MindMaze
• IVP (Institutional Venture Partners)
  • Details: IVP is a later-stage venture capital and growth equity firm that invests in rapidly-growing technology companies. The firm has been in operation since 1980.
  • Investment Focus Areas: Technology, Media, Enterprise Software
  • Notable Investments: Slack, Snap, Dropbox
• Lerer Hippeau
  • Details: Lerer Hippeau is a venture capital firm that invests in early-stage companies. They focus on various sectors including media, e-commerce, and technology.
  • Investment Focus Areas: Media, E-commerce, Technology
  • Notable Investments: BuzzFeed, Casper, Warby Parker

What's Next for Thrive Global?

Thrive Global stands at the cusp of significant growth, driven by its recent $80 million Series C funding. The company plans to expand its product, engineering, and design teams, and invest in AI and machine learning capabilities. This expansion aims to address the burnout epidemic and enhance productivity and mental resilience, offering a substantial market opportunity.

Future fundraising seems promising, given the successful Series C round and the involvement of high-profile investors. Thrive Global's focus on integrating behavior change solutions into platforms like Microsoft Teams and Zoom could attract further investment. However, the company may face challenges in maintaining growth, ensuring the effectiveness of its solutions, and staying ahead of competitors in the rapidly evolving digital health industry.

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