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The Latest Breaking News from Thrive Capital

Don't Hate the Dodgers for Dominating So Much, Hate the Bankruptcy Court That Helped Them Do It

Plus: FIFA’s president doesn’t understand his own organization's politics; a solid new pickleball movie

Reason

FIFA's Infantino sought Trump backing after failed World Cup sell-off plan, NY Post reports

FIFA President Gianni Infantino sought Trump administration support after a commercial rights deal collapsed. He felt isolated amid negative media coverage following the failed initiative. Infantino had previously forged a close relationship with President Trump. The abandoned deal was reportedly anchored by Thrive Capital, founded by Trump's son-in-law. Reports of…

The Economic Times

Will Infantino survive Fifa’s latest scandal? Trump’s involvement changes everything

WHAT COMES NEXT FOR FIFA? : Many Fifa insiders would still see a path to survival for the embattled Fifa president, despite the outcry over his World Cup sell-off plans, if it wasn’t for the close association with the Trump empire. By Miguel Delaney

The Independent UK

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Who is Joshua Kushner? FIFA's $4.2bn World Cup plan puts Democrat's ties with Trump in spotlight

Fifa’s $4.2bn plan to sell 20% of its new commercial arm has put Joshua Kushner at the centre of a deal drawing scrutiny. He is a Democrat, yet his proximity to Donald Trump’s circle has raised an obvious question: how did his firm emerge as the proposed lead investor?

The Times of India

DeepMind CEO Demis Hassabis’ Isomorphic Labs raises $2.1 billion led by Thrive Capital

AI-driven drug discovery firm Isomorphic Labs secured a massive $2.1 billion in Series B funding. This capital will fuel the expansion of their AI drug design engine and advance therapeutic candidates. The investment underscores strong confidence in their innovative approach to tackling diseases.

The Economic Times

Google-backed Isomorphic raises $2.1 billion to scale AI-driven drug discovery

AI drug discovery firm Isomorphic Labs secured a massive $2.1 billion funding round, aiming to accelerate its mission to cure all diseases. Led by Thrive Capital, the investment will scale their drug design engine, with initial clinical trials now anticipated by late 2026.

The Economic Times

Anthropic in talks to raise $30 billion at $900 billion valuation

AI firm Anthropic is in early talks to raise over thirty billion dollars. The company seeks a valuation exceeding nine hundred billion dollars. This funding aims to support its growing AI software demand. The deal could close by month-end. Anthropic is a leader in AI tools.

The Economic Times

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Google’s Isomorphic Labs to raise over $2 billion in new funding

Alphabet's AI drug discovery firm, Isomorphic Labs, is reportedly close to securing over $2 billion in new funding, led by Thrive Capital. This significant investment aims to bolster its drug design engine and fuel global expansion, underscoring Alphabet's strategy of commercializing its advanced AI ventures.

The Economic Times

Michael Dell’s son aims to transform the home power business by selling electricity and batteries like a Costco membership

Base Power just completed a $1 billion fundraising round and is building a Texas battery factory.

Fortune

Exclusive: Stripe-backed blockchain startup Tempo raises $500 million round led by Joshua Kushner’s Thrive Capital and Greenoaks

The Series A values the Matt Huang–led Tempo at $5 billion and includes participation from Sequoia, Ribbit, and SV Angel.

Fortune

Thrive Capital’s Philip Clark is promoted to partner

Philip Clark has been promoted to partner at Thrive Capital, Fortune has exclusively learned.

Fortune

OpenAI Employees Eye $6 Billion Share Sale To SoftBank As ChatGPT Maker's Valuation Nears $500 Billion: Report

Employees of AI firm OpenAI are reportedly mulling over the sale of nearly $6 billion worth of shares to investors, including SoftBank Group (OTC:SFTBY) and Thrive Capital.

Benzinga

OpenAI Poised To Dethrone SpaceX With Mind-Blowing $500bn Valuation

OpenAI eyes $500 billion valuation via share sale, set to overtake Elon Musk's SpaceX as the world's most valuable private tech company.

International Business Times UK

OpenAI in talks on share sale that would price it above Elon Musk’s SpaceX

If the transaction goes ahead the value of the ChatGPT developer would rise by about two-thirds to $500bn

The Guardian - UK

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news in one place.

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Benzinga

12 Next-Gen AI And Social Startups Backed By Thrive Capital And Y Combinator Shaping 2025: 'We're On The Brink Of Another Big Consumer Wave'

A new wave of AI-driven consumer startups is gaining traction among investors in 2025, with many of these platforms blending artificial intelligence with real-world interaction to reshape how people connect, discover, and build communities, Business Insider reports.

Fortune

Exclusive: Ambrook raises $26.1 million Series A to provide farmers and ranchers with better accounting software

Founded in 2021, Ambrook has raised a $26.1 million Series A, led by Thrive Capital and Dylan Field, Fortune has exclusively learned.

Fortune

Exclusive: Clair, embedded earned wage access startup, raises $23.2 million Series B

Clair has raised $23.2 million for its Series B, led by Upfront Ventures and with participation from Thrive Capital, Fortune can exclusively report.

Fortune

Travel platform Fora closes $40 million Series C funding round

Fora closed a $40 million Series C round this year.

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news in one place.

100's of premium titles.
One news app.

Windows Central

SoftBank dethroned Microsoft as OpenAI's largest investor, pushing the ChatGPT maker's market cap to $300 billion — but reportedly buried itself in debt

OpenAI closed its latest round of funding where it managed to raise $40 billion from investors, pushing its market cap to $300 billion.

Fortune

Demis Hassabis on Isomorphic’s $600 million raise, AI, and healthcare’s future

Demis Hassabis, cofounder of DeepMind and 2024 Nobel Laureate, talks to Fortune about his AI drug discovery startup, Isomorphic Labs.

Fortune

Alza, a Latino-focused startup that raised $6.6 million, abruptly shuts down

Alza is the latest fintech to cease operations

Fortune

Databricks just raised $10 billion in one of the biggest venture capital fundings ever

Databricks announced one of the largest venture capital fundings ever, led by Thrive Capital, and is now valued at $62 billion.

Benzinga

Thrive Capital, Tiger Global-Backed Cannabis Wholesale Platform LeafLink Buys Leaf Trade: Co. Will Process ~$9B In Annual GMV

LeafLink acquires Leaf Trade, creating a $9B cannabis wholesale platform and expanding industry-leading tools.

Fortune

Josh Kushner, the lead investor in OpenAI, hires people with less than 4 years of investing experience

The Thrive Capital founder isn’t looking for the most senior candidate, rather someone who can pave the new way

Fortune

Behind the curtain of Joshua Kushner’s venture empire

How the Thrive Capital founder approached his OpenAI investment.

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