Founded in 2012 by Josh Kushner and Mario Schlosser, Thrive Capital has raised funds from institutional investors such as Princeton University, Wellcome Trust, and Hall Capital. The firm has a focus on internet and software investments, and was one of only three firms to invest in Instagram's $50 million Series B round at a valuation of $500 million, alongside Sequoia Capital and Greylock Partners. With a mission to help build and grow innovative companies, Thrive Capital is a leading player in the venture capital industry.