Thrive Holdings is seeking approximately $2 billion from investors including SoftBank, Altimeter Capital, and D1 Capital Partners. The one-year-old firm is an offshoot of Joshua Kushner’s Thrive Capital.
This round marks the company’s first intake of outside capital. It previously raised $1 billion from institutional backers linked to Thrive Capital.
Thrive Holdings will use the capital to acquire controlling stakes in traditional accounting and IT firms. The firm plans to reengineer these operations by embedding artificial intelligence into workflows. This strategy aims to increase efficiency through a hands-on operational approach.
The company currently operates Crete Professionals Alliance for accounting and Shield Technology Partners for IT services. These platforms collectively serve more than 10,000 clients.