Thrive Global Series C co-led by Kleiner Perkins and Owl Ventures
Round Also Includes Additional Investment From Existing Institutional Shareholders, Including IVP and JAZZ Venture Partners, and New Investment From Funds Managed by Goldman Sachs Asset Management
Thrive Global, the behavior change technology company founded by Arianna Huffington, announced that it has raised an $80 million Series C round co-led by Mamoon Hamid at Kleiner Perkins to accelerate Thrive’s growth and impact in ending the burnout epidemic and helping people live and work with less stress, more productivity and greater well-being and mental resilience. Hamid, one of the earliest investors in Slack, Figma, Box, Yammer, Intercom and Coda, will join Thrive’s Board of Directors to help propel the company forward.
Recommended AI News: Bloomreach Customer And Data Experience Platform (CDXP) Now Available On Google Cloud Marketplace
Owl Ventures, a global leader in education technology investing, co-led the round and Ian Chiu, Managing Director at Owl, will also join the Thrive board. Owl has made investments in skilling and learning companies such as Degreed and MasterClass, and their commitment to Thrive reflects their recognition that as we focus on reskilling and upskilling employees around the world, we must also empower them to build mental resilience and manage stress. The round also includes additional investment from existing institutional shareholders IVP and JAZZ Venture Partners, as well as a new investment from funds managed by Goldman Sachs Asset Management.
“When I founded Thrive Global four-and-a-half years ago, the problems of burnout and the mental health crisis were still gaining mainstream recognition,” said Arianna Huffington, Founder and CEO of Thrive Global. “But the pandemic highlighted the themes at the heart of Thrive’s mission like never before, bringing employee well-being, mental health and resilience to the top of companies’ agendas. And now as we’re facing a once-in-a-generation opportunity to redefine work and productivity, this is where our mission and our platform meet the moment. This new funding is a validation of all we’ve accomplished so far — but more important, it enables us to fulfill our vision of shaping the future of the employee experience.”
Recommended AI News: Tech Mahindra Announces a ‘Cloud Advisory Board’ with 30 Enterprises and Industry Advisors
Comments are closed.