Thrive Capital
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Long Game raises $6.6 million for a savings account that doubles as a lottery ticket
Long Game is a bank account, with a twist. Every dollar saved can go toward winning a lottery. The personal finance app allows users to play games and win cash prizes. It may sound like a gimmick, but these are FDIC-insured accounts backed by Blue Ridge Bank in Virginia. And now Thrive Capital and Collaborative Fund are betting $6.6 million that Long Game will provide a windfall. Read More
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With $3M in funding, Morty is launching a marketplace of mortgage lenders
While there are now more options for homebuyers seeking to find a new place to live, the process of getting a mortgage is still mostly an archaic, offline process with lots of unruly paperwork. New York-based Morty is trying to change that, and has raised $3 million to make its mortgage marketplace available to users. Read More
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Confirmed: UK challenger bank Monzo raises £19.5M with another £2.5M in crowdfunding planned
Monzo, one of a number of so-called “challenger” banks in the U.K. aiming to re-invent the current account, has disclosed a new funding round — confirming our scoop from earlier this week. Read More
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Monzo, a UK digital-only bank, is closing in on new funding led by US-based Thrive Capital
Monzo, one of a number of new digital-only, or so-called “challenger,” banks in the U.K. aiming to re-invent the current account, is closing in on new Series C funding, which could be announced as early as this week. According to multiple sources, U.S.-based Thrive Capital is leading the round. Read More
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Rothenberg Ventures is going back to the same old Rothenberg Ventures
Rothenberg assigned the firm the name Frontier Tech Ventures in September 2016 after a series of events tarnished the brand, starting with an SEC investigation, which opened in July of 2016. What drew the agency’s attention: Rothenberg himself, whose lavish spending to market his fund began to concern employees, as well as his 176 investors — almost all of them wealthy… Read More
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Google Docs for life sciences startup Benchling raises $7 million in growth funding from Thrive Capital
Benchling, a biotech company out of Y Combinator providing cloud-based software for researchers, tells TechCrunch it has raised $7 million in growth funding to continue creating tools to help the science community access research from big pharma and other leaders in the space. You might think of Benchling as the Google Docs portion of the life sciences industry. While IT solutions software… Read More
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Thrive Capital has closed its newest fund with $700 million
Thrive Capital, a New York-based, stage-agnostic venture fund that focuses primarily on media and internet investments, has closed its fifth fund with $700 million. The seven-year-old outfit is now managing a little less than $1.5 billion altogether. Thrive closed its fourth fund with $400 million in October 2014, so the new fund is a sizable step up. Then again, Thrive holds stakes in… Read More
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Slack is work chat’s runaway train, raises $200M at $3.8B
The Slack rocketship won’t slow down. The business messaging startup has raised $200 million at a $3.8 billion post-money valuation, the company confirms to TechCrunch. The round was led by Thrive Capital, with participation by GGV, Comcast Ventures and Slack’s existing investors, including Accel, Index Ventures and Social Capital. This brings the total funding for the… Read More
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AND CO raises $2 million led by Thrive to manage freelancers’ most dreaded tasks
If you’ve ever worked as a freelancer, you know the last thing you want to do — after lining up gigs, submitting your work, and reworking your project (when that last person on the client side decides he or she wants something entirely different) — is to handle all the administrative stuff. Think invoicing. Expenses. Other paperwork. That’s why a year-old, New… Read More
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Kinnek, A Small Biz Marketplace, Raises $20 Million Led By Thrive Capital
Kinnek, a New York-based marketplace for small businesses to find suppliers and manage purchasing, has just raised $20 million in Series B funding led by Thrive Capital. It already looks like a smart bet. The company currently has 20,000 businesses and 2,000 suppliers using its marketplace, and they’re striking millions of dollars worth of deals every week, says cofounder Karthik… Read More
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GitHub Raises $250M Series B Round To Take Risks
GitHub, the software development collaboration and version control service based on the popular open source Git tool, today announced that it has raised a $250 million funding round led by Sequoia Capital. Andreessen Horowitz, Thrive Capital and Institutional Venture Partners also participated in this round. Read More
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Hightower Raises $13M Series B Round For Its Leasing Management Service
Hightower, a New York-based leasing management platform for commercial real estate, today announced that it has raised a $13 million Series B funding round led by previous investor RRE Ventures. Other participants include Bessemer Venture Partners and Thrive Capital, who together led the company’s $6.5 million Series A round, as well as new investor Pritzker Group Venture Capital. The… Read More
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The Flatiron School Raises $9 Million In Series B Funding
The Flatiron School, an educational platform aimed at getting young kids and adults comfortable with programming, has today announced the close of a $9 million Series B funding round led by Thrive Capital with participation from CRV and Matrix. The idea behind Flatiron School is that anyone, young or old, can learn to code over the course of 12 weeks, to the extent that they could go out and get… Read More
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Joyable Launches Online Tools To Help You Overcome Social Anxiety
There are lots of startups promising to improve your physical health — and with the imminent release of the Apple Watch, not to mention the flood of other wearable devices, it’s a safe bet that they’re going to keep coming. Today, however, a startup called Joyable is launching to tackle the mental health side of things, starting with social anxiety. The company is also… Read More
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Classpass Is In Session With $40 Million In Series B
Classpass, the NY-based company that offers unlimited fitness classes at 2,000 different studios and boutique gyms for $99/month, has closed a $40 million Series B led by General Catalyst and Thrive Capital, with participation from angels and previous investors. The startup, which raised $12 million in Series A just over three months ago, has grown from seven markets to 20 markets in as… Read More
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Thrive Capital Bet Big ($30 Million, To Be Exact) On Stripe
This week, payments startup Stripe closed a $70 million round of financing, rocketing the company’s valuation to a hefty $3.5 billion, almost double that of its last raise. Thrive Capital, a NY-based VC firm led by Josh Kushner, led the round, writing a $30 million check to get into the payments space. Read More
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TicTail eCommerce Platform Lands $8 Million Led By Thrive Capital
TicTail, a DIY ecommerce platform out of Sweden, has today raised $8 million in Series A funding led by Thrive Capital. The company, which is a lot like Etsy in its mission to make online storefronts easily accessible and creatable by DIYers, will use the money to open up an NYC office. Read More
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