Thrive Global Valuation, Funding & Investors

Thrive Global is valued at $700M as of July 2021.

Last Thrive Global valuation

$700M

Series C · Jul 2021

Last Thrive Global funding round

$80M

Series C · Jul 2021

Cumulative funding Thrive Global raised

$146M

across 4 funding rounds

Key investors in Thrive Global

  • Lerer Hippeau
  • IVP
  • Jazz Venture Partners
  • Kleiner Perkins
  • Greycroft
  • Goldman Sachs Asset Management

Thrive Global Overview

About Thrive Global

Thrive Global is a behavior change technology company offering platforms, apps, and corporate programs for wellness. New York City-headquartered with offices in San Francisco, Athens, Bucharest, Dublin, and Melbourne, it launched in 2016 to promote science-based practices reducing burnout in workplaces.


Founded

2016

HQ

United StatesNew York City, NY

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$700M (Jul 2021)

Thrive Global Valuation

Thrive Global is currently valued at $700M, based on its Series C in July 2021.

The $80M round was led by Kleiner Perkins and Owl Ventures, with participation from IVP, Jazz Venture Partners and Goldman Sachs Asset Management.

Thrive Global's valuation has grown 19x from $38M at its Series A in August 2016 to $700M in July 2021, across 3 priced rounds.

Thrive Global valuation by funding round

Thrive Global valuation by funding round
DateStageValuation
Jul 2021Series C$700M
Nov 2017Series B$120M
Aug 2016Series A$38M

Thrive Global Funding History

Thrive Global has raised a total of $146M across 4 funding rounds.

Thrive Global's first fundraising round was a $12M Series A in August 2016. The most recent completed round was a $80M Series C in July 2021.

Thrive Global funding rounds

Thrive Global funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2021Series CKleiner Perkins (lead); Owl Ventures (lead); IVP; Jazz Venture Partners; Goldman Sachs Asset Management$80M$700MThrive Global, founded by Arianna Huffington in 2016, is a behavior change technology company offering a SaaS platform, corporate services, and storytelling to improve well-being, productivity, mental resilience, and combat burnout for individuals, employers, and healthcare organizations. The company launched its platform targeting employee experience amid rising stress and burnout issues, positioning itself ahead of trends in mental health and reskilling. On July 8, 2021, Thrive Global raised an $80 million Series C round co-led by Kleiner Perkins (Mamoon Hamid joining the board) and Owl Ventures (Ian Chiu joining the board), with participation from existing investors IVP and Jazz Venture Partners, and new investment from Goldman Sachs Asset Management-managed funds. The round brought total funding to approximately $147 million across four rounds. Bloomberg reported the valuation at over $700 million, while a later Series C-1 in July 2021 reached $724.52 million post-money per Forge Global. Thrive Global planned to use proceeds for hiring in product, engineering, and business development (with over 100 openings from a base of 125 employees), acquisitions to bolster data and AI capabilities, and fueling hypergrowth. The company projected more than doubling its annual recurring revenue in 2021 and annually for the next three years, though specific figures were not disclosed. An IPO was mentioned as a future possibility, with primary 2021 focus on expansion. Investors highlighted Thrive's science-backed approach, platform impact on millions, and alignment with redefining work post-pandemic. Kleiner Perkins praised its mission to unlock human potential, while Owl Ventures emphasized global scalability in education and habit-building. The funding validated traction just a year after platform launch, supporting acceleration in employee experience solutions.
May 2018Series BJazz Venture Partners (lead); Adrian Aoun; Adam Miller; WndrCo; Rabil Ventures; M13; Eric Roza; Rich Kleiman; Kevin Durant; Aurum Partners; Yash Sandesara$23M-Thrive Global, founded by Arianna Huffington in 2016 and headquartered in New York, develops wellness technology services using behavior change technology and software to decrease burnout, increase productivity, and provide data-driven insights for employee health and wellness routines. The company offers a software platform, app, and support services aimed at corporate well-being. In May 2018, Thrive Global raised $22.8 million in a Series B extension round led by Jazz Venture Partners, with participation from investors including Adam Miller, Adrian Aoun, Aurum Partners, Eric Roza, Kevin Durant, M13, Rabil Ventures, Rich Kleiman, WndrCo, and Yash Sandesara, to further scale operations and enhance technological capabilities. This 2018 round followed a prior Series B of $31.7 million in November 2017 led by IVP and a Series A of $11.5 million in August 2016 led by Lerer Hippeau. Thrive Global continued raising capital, reaching total funding of about $183 million by 2021, with investors like Goldman Sachs Asset Management, Kleiner Perkins, and others. Jazz Venture Partners focuses on technologies at the intersection of technology and neuroscience to enhance human performance and well-being, aligning with Thrive Global's mission in the healthcare providers and services subsector. The company's growth trajectory included plans for hiring, acquisitions in data and AI, and potential IPO by 2021.
Nov 2017Series BIVP (lead); Lerer Hippeau; Sean Parker; Greycroft; Advancit Capital; Phil Fernandez; Marc Benioff$32M$120MThrive Global, founded by Arianna Huffington in November 2016, is a behavior change media and technology company focused on improving health, productivity, and well-being for employees and consumers through digital products, content, and analytics. The company raised $30-31.7 million in its Series B funding round on November 29, 2017, led by IVP with participation from Advancit Capital, Greycroft, Lerer Hippeau, Marc Benioff, Phil Fernandez, Sean Parker, and others. TechCrunch reported the round at a $120 million valuation to scale product development, international expansion into markets like China, Australia, and the Middle East, video content production, and enterprise offerings demonstrating ROI on employee well-being investments. IVP General Partner Somesh Dash joined the board. Thrive generates revenue from corporate clients for health and wellness education, sponsorships, and online content, alongside consumer-facing products like a Samsung-partnered app to reduce smartphone checking habits. The funding aimed to accelerate technology growth, build data analytics for personalized interventions, and expand its connected ecosystem of digital behavior-change products. Thrive had previously raised $7-11.5 million in Series A in August 2016 led by Lerer Hippeau. The company positioned itself in the growing wellness market, emphasizing the link between employee well-being and business performance, with plans for hiring, especially female engineers, and global reach from India to Argentina.
Aug 2016Series ALerer Hippeau (lead)$12M$38MThrive Global raised $11.5 million in its Series A round in August 2016 led by Lerer Hippeau. Additional investors included Blue Pool Capital, Greycroft Partners, Advancit Capital, Female Founders Fund, and individuals such as Zoë Baird, Nicolas Berggruen, Ray Dalio, and Sean Parker. The funding supported the launch of initial product offerings and market presence for the wellness startup founded by Arianna Huffington. Thrive Global focuses on behavior change technology to help individuals, corporations, and communities improve well-being and performance through its platform, storytelling, and corporate services. The company targets ending burnout by providing micro-steps for wellness, including seminars, coaching, and data-driven insights. It operates in the healthcare and wellness sector, headquartered in New York. The company continued raising capital in subsequent rounds, including a Series B of $31.7 million in November 2017 led by IVP.

Who has invested in Thrive Global?

21 investors have backed Thrive Global across its funding rounds, including Lerer Hippeau, IVP, Jazz Venture Partners, Kleiner Perkins, Greycroft and Goldman Sachs Asset Management.

Lead investors include Kleiner Perkins, Owl Ventures, Jazz Venture Partners, IVP and Lerer Hippeau.


Thrive Global Investors

Investors in Thrive Global by funding rounds participated
InvestorHQRoundsRoleFirst check
Lerer HippeauUnited StatesNew York City, NY2LeadAug 2016
IVPUnited StatesSan Francisco, CA2LeadNov 2017
Jazz Venture PartnersUnited StatesSan Francisco, CA2LeadMay 2018
Adrian AounUnited StatesSan Francisco, CA1ParticipantMay 2018
Sean ParkerUnited StatesUnited States1ParticipantNov 2017
Kleiner PerkinsUnited StatesSan Francisco, CA1LeadJul 2021
Adam MillerUnited StatesLos Angeles, CA1ParticipantMay 2018
WndrCoUnited StatesLos Angeles, CA1ParticipantMay 2018
Rabil VenturesUnited StatesSan Francisco, CA1ParticipantMay 2018
M13United StatesLos Angeles, CA1ParticipantMay 2018
GreycroftUnited StatesNew York City, NY1ParticipantNov 2017
Owl VenturesUnited StatesSan Francisco, CA1LeadJul 2021
Eric RozaUnited StatesBoulder, CO1ParticipantMay 2018

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Thrive Global

Thrive Global has acquired 2 companies to date.

Last acquisition by Thrive Global was on May 15th 2020. Thrive Global acquired ZP Group for undisclosed valuation.


Latest Acquisitions by Thrive Global

ZP Group
Boundless Mind
Description
ZP Group is a Louisville-headquartered staffing and recruiting firm delivering talent solutions across engineering, IT, and life sciences. The company runs ZP Challenge, a 21-day digital wellness program adopted by Walmart for 1.5 million associates to promote daily health habits. ZP Group staffs 10,000 professionals annually for Fortune 500 clients from 20 US offices.
Boundless Mind is an AI platform specializing in behavioral analytics for mobile apps. Developers use its tools to track user habits and deploy reinforcement learning APIs that deliver personalized nudges to foster habit formation. The San Francisco-based company serves consumer apps focused on fitness, finance, and productivity, integrating with platforms like Amplitude for deeper engagement insights.
HQ CountryUnited StatesUnited States
HQ City
Louisville, KY
-
Deal Date15 May 202016 Oct 2019
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Thrive Global

Thrive Global has invested in 2 companies to date.

Latest investment by Thrive Global was on July 8th 2024. Thrive Global invested in Thrive AI Health in their $8M Seed round.


Latest Investments by Thrive Global

Thrive AI Health
Enboarder
Description
Thrive AI Health is an artificial intelligence company that creates personalized health coaching applications. Its generative AI platform tailors behavior change programs for users seeking improvements in fitness, nutrition, and mental wellness. San Francisco-headquartered, Thrive AI Health scales interventions through mobile apps and web interfaces.
Enboarder is a San Francisco-based onboarding platform delivering mobile-first experiences for new hires via workflow automation and manager coaching. The system pushes personalized content from offer acceptance through first 90 days, integrating with HRIS like Workday and BambooHR. Enboarder enables HR teams to build no-code journeys without IT support, boosting retention in tech and retail sectors.
HQ CountryUnited StatesAustralia
HQ City
San Francisco, CA
Sydney
Deal Date8 Jul 202420 Nov 2018
RoundSeedSeed
Raised$8M$3M
InvestorsOpenAI Startup Fund; The Alice L. Walton FoundationHuffPost; Greycroft; Axios Investments; Venmo; OIF Ventures; BetterCloud
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Thrive Global Competitors

Thrive Global competitors include listed companies like Evolent Health and SOPHiA Genetics, and private ones like Brightline, HealthVerity, SkyCell and H1.co.

Public and private companies comparable to Thrive Global
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Evolent HealthUnited StatesUnited StatesPublicly listed$1.9B($365M)$415M0.5x
BrightlineUnited StatesSan Francisco, CAPrivate$32M-$705M22.0x
HealthVerityUnited StatesPhiladelphia, PAPrivate--$721M-
SOPHiA GeneticsSwitzerlandSwitzerlandPublicly listed$77M($65M)$726M7.5x
SkyCellSwitzerlandZurichPrivate--$635M-
H1.coUnited StatesNew York City, NYPrivate--$773M-

Thrive Global Public Comps

Thrive Global is still privately-owned, but its public comps include SOPHiA Genetics, Talkspace, Veradigm, Bayzed Health Group, Yidu Tech, TaiDoc Technology, Evolent Health, Cogstate, Echo IQ and Teladoc.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SOPHiA Genetics$77M($65M)8.8x7.5x(10.4x)(18.8x)
Talkspace$229M$6M3.4x3.4x129.3x49.4x
Veradigm$588M$54M0.9x0.9x9.8x6.8x
Bayzed Health Group$167M$18M3.0x-28.4x-
Yidu Tech$122M($4M)1.4x1.2x(45.0x)7.7x
TaiDoc Technology$132M$58M2.1x-4.8x-
Evolent Health$1.9B($365M)0.7x0.5x(3.5x)9.4x
Cogstate$58M$18M6.3x5.7x20.0x18.9x

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Common questions about Thrive Global

When was Thrive Global founded?Thrive Global was founded in 2016.
Where is Thrive Global headquartered?Thrive Global is headquartered in New York City, NY, United States.
Is Thrive Global publicly listed?No, Thrive Global is a private, VC-backed company.
What is Thrive Global's valuation?Thrive Global was last valued at $700M in its Series C in July 2021.
How much funding has Thrive Global raised?Thrive Global has raised $146M across 4 funding rounds.
What was Thrive Global's last funding round?Thrive Global's last funding round was a $80M Series C in July 2021, led by Kleiner Perkins and Owl Ventures.
Who are Thrive Global's investors?Thrive Global's investors include Lerer Hippeau, IVP, Jazz Venture Partners, Adrian Aoun, Sean Parker, Kleiner Perkins, Adam Miller, WndrCo, Rabil Ventures, M13 and 11 others.
Which companies are comparable to Thrive Global?Companies comparable to Thrive Global include Evolent Health, Brightline, HealthVerity, SOPHiA Genetics, SkyCell and H1.co.
How many companies has Thrive Global acquired?Thrive Global has acquired 2 companies, including ZP Group and Boundless Mind.
How many companies has Thrive Global invested in?Thrive Global has invested in 2 companies, including Thrive AI Health and Enboarder.
What was Thrive Global's last investment?In July 2024, Thrive Global invested in Thrive AI Health's $8M seed round alongside OpenAI Startup Fund and The Alice L. Walton Foundation.

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