Home / Business and Economy / Thrive Capital Bets Big on Public Company Shopify
Thrive Capital Bets Big on Public Company Shopify
15 May
Summary
- Thrive Capital invested approximately $100 million in Shopify.
- This marks a rare investment by Thrive in a public company.
- Thrive is known for backing startups like OpenAI.
Joshua Kushner's Thrive Capital has taken a stake in Shopify Inc., marking a notable investment in a public company. Thrive informed its stakeholders of the approximately $100 million investment.
This investment strategy is unusual for Thrive, which primarily focuses on early-stage startups. The firm is widely recognized for its successful backing of prominent tech ventures, including OpenAI. The decision to invest in Shopify signals a potential expansion of Thrive's investment portfolio into public markets.
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