Joshua Kushner’s Thrive Capital is taking a stake in Shopify Inc. for about $100 million, according to people familiar with the matter cited by Bloomberg and repeated by other outlets. The reports describe the investment as a relatively rare move by the venture firm into a public company, rather than a typical private-company deal. While the exact ownership size and purchase structure are not detailed, sources indicate the investment is roughly $100 million. PYMNTS frames the bet as tied to Shopify’s potential use of artificial intelligence to improve commerce, while The Next Web focuses on the unusual nature of the investment in a public stock and the significance of a large venture firm placing capital in that context. Shopify and Thrive Capital do not provide immediate confirmation in the cited coverage. Bloomberg is also referenced for the overall facts, with additional outlets noting the lack of immediate response to requests for comment. The venture firm previously announced in February that it raised more than $10 billion for a fund, which is referenced as part of the broader context for the company’s deployment of capital.
Thrive Capital invests about $100 million in Shopify, sources say
Joshua Kushner’s Thrive Capital is taking a stake in Shopify Inc. for about $100 million, according to people familiar with the matter cited by Bloomberg and repeated by other outlets. The reports des...
- Thrive Capital, led by Joshua Kushner, is investing in Shopify, according to people familiar with the matter.
- The investment is reported to be about $100 million.
- The deal is described as an uncommon venture-firm bet on a public company.
- Coverage links the investment to expectations that AI could support Shopify’s commerce business.
- Shopify and Thrive Capital do not immediately confirm or comment in the cited reporting.
Joshua Kushner’s Thrive Capital has invested about $100 million in Shopify, betting that artificial intelligence could enhance commerce, Bloomberg reported Thursday (May 14), citing unnamed sources. Neither Shopify nor Thrive Capital immediately replied to PYMNTS’ request for comment. Thrive Capital announced in February that it raised more than $10 billion for a fund called […] The post Thrive Capital Bets $100 Million on Shopify’s AI Future appeared first on PYMNTS.com.
3 months agoJoshua Kushner’s Thrive Capital has taken a roughly $100 million stake in Shopify, according to Bloomberg, which cited people familiar with the matter. The investment is notable less for its size, $100 million is a rounding error in a firm that raised more than $10 billion for its latest fund, than for what it signals […] This story continues at The Next Web
3 months agoJoshua Kushner’s Thrive Capital has taken a stake in Shopify Inc., according to people familiar with the matter, marking a rare bet by the venture firm on a public company.
3 months ago
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