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In an unexpected move , Miles Grimshaw announced today that he is return Thrive Capital after working asa general married person at Benchmarkfor the past three eld .
Grimshaw first joinedThrive , a New York – base speculation house that Joshua Kushner founded , in 2013 . He is returning as a general partner .
Ina situation on X , Grimshaw tell that was “ elated to re - bring together the team at Thrive ” but that he also “ looked forward to continue to partner with Benchmark , as Thrive has for many years . ”
Kushner alsoshared the news on X , manoeuvre out that during his previous time at Thrive , Grimshaw led investing in such companies as Airtable , Monzo ( whichraised another $ 430 milliontoday ) , Lattice and Benchling .
He also compose : “ As we look ahead to the next chapter of the house , and the sinful wave of innovation that lies onwards , Miles has a rare set of characteristics that make him a formidable mate to our founders . ”
TechCrunch has reached out to both Grimshaw and Thrive for remark . Update : Thrive responded by pointing us to theblog postthe firm published about the news .
When link up storied speculation firm Benchmark in December of 2020 , then-29 - twelvemonth - one-time Miles Grimshaw became its fifth general cooperator . He had likewise joined a team of four other partners at Thrive back in 2013 .
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The Financial Timesreported in Januarythat Thrive Capital was “ prepare to ask investors for at least $ 3bn in fresh capital after the New York venture fund made mammoth bets on technology start - ups last year . ” For example , in 2023 , Thrive put more money intopayments gargantuan Stripe’s$6.5 billion upgrade , co - led a $ 300 million investmentinto fintech Ramp ( at a lower valuation ) and lead a$25 million roundinto fintech Clair .
In February 2022 , Thrive Capital , which was founded in 2009 by a then 25 - year - old Kushner , announced it hadclosed its 8th fundwith approximately $ 3 billion in Das Kapital commitments , $ 500 million of which it be after to invest in early - stage startup and another $ 2.5 billion that it had earmarked for late - stage company .
Are you a VC industry insider with insight to share ? impinging Mary Ann Azevedo on Signal at 408.204.3036 .
