Thrive Capital took a $215 million position in Amazon shares.
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According to Bloomberg, Joshua Kushner’s Thrive Capital has purchased approximately $215 million worth of Amazon shares, continuing the venture capital firm’s strategy of expanding into public market investments. The investment was disclosed in a regulatory filing on Friday, giving Thrive exposure to a large company that stands to benefit from artificial intelligence. Amazon gains from AI through offerings such as generative AI shopping tools and cloud computing infrastructure for other businesses. Earlier this month, Amazon’s market capitalization crossed $3 trillion for the first time, making it the fifth company to reach that milestone. Thrive declined to comment, while a representative for Amazon did not immediately respond to a request for comment. Thrive is known for early investments in firms including SpaceX, Stripe and OpenAI—OpenAI also has backing from Amazon. The VC firm’s other public market holdings include Figma Inc., StubHub Holdings Inc., and Oscar Health, which Kushner co-founded and incubated.
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