Thrive Global

Last updated

Thrive Global
Company type Private
IndustryTechnology
FoundedAugust 2016;8 years ago (2016-08)
Founder Arianna Huffington
Headquarters
New York
,
United States
Website thriveglobal.com

Thrive Global is an American company that provides behavior change technology. [1] It was founded by Arianna Huffington in August 2016. The company is based in New York City. [2]

In 2017, Thrive Global raised $30 million in a new funding round that valued the company at $120 million. [3] The same year, the company was named one of the Top 10 NYC Startups to Watch in 2017 by Inc. [4]

History

Huffington says a 2007 incident in which “she collapsed at her desk from exhaustion and awoke in a pool of blood, with a broken cheekbone,” was the wake-up call that eventually led her to start Thrive Global. [5] [6] Huffington stepped down as editor-in-chief of The Huffington Post in August 2016 to fully focus on launching Thrive Global. [7]

Before its official launch in November 2016, Thrive Global raised $7 million in a Series A funding round from investors such as Blue Pool Capital and Greycroft Partners. [8] The company has also formed corporate partnerships with Accenture, [9] Airbnb, [10] Hilton Hotels & Resorts, [11] JPMorgan Chase, [12] and Uber. [13] [14]

In January 2017, reports emerged that six weeks after launching, Thrive had doubled its revenue targets for the year. [15] In November 2017, the company secured $30 million in additional funding from investors such as Marc Benioff and the venture firm IVP. At the time, the company was valued at $120 million. [16] Thrive Global investors also include Jack Ma, Kevin Durant, and Andre Iguodala. [17]

Thrive Global launched operations in India in January 2018 in collaboration with Times Bridge, the international investments and partnerships division of Times Internet. [18] A month later, the company launched Thrive Greece in partnership with Antenna Group, the largest media company in Greece. [19]

In 2018, Thrive Global was named to LinkedIn's list of "The 50 most sought-after startups in the U.S." [20] In 2021, Thrive Global was named to Forbes' list of "America's Best Startup Employers." [21]

In July 2021, the company raised $80 million in a Series C round led by Kleiner Perkins and Owl Ventures. [22] It claimed to be focused on ending the "stress and burnout epidemic". [22]

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References

  1. ↑ "Walmart collaborates with Thrive Global to launch health and behavior program". www.katv.com. Retrieved June 21, 2021.
  2. ↑ Ph.D, Bryan Robinson. "How Arianna Huffington Is Transforming America's Workplace To Benefit You". Forbes. Retrieved May 13, 2024.
  3. ↑ Swisher, Kara (November 29, 2017). "Recode: Arianna Huffington has raised another $30 million for Thrive Global at a $120 million valuation". Recode. Retrieved March 20, 2019.
  4. ↑ Henry, Zoë (January 25, 2017). "Mattresses, Makeup, and Meal Kits: Top 10 NYC Startups to Watch in 2017". Inc.com. Retrieved March 20, 2019.
  5. ↑ "Arianna Huffington: Collapse from exhaustion was 'wake-up call'". TODAY.com. Retrieved March 20, 2019.
  6. ↑ Griffith, Kathleen (October 26, 2018). "Arianna Huffington Thought 'HuffPost' Would Be Her 'Last Chapter.' Was She Ever Wrong". Entrepreneur. Retrieved March 20, 2019.
  7. ↑ Alpert, Lukas I. (August 11, 2016). "Arianna Huffington to Leave the Huffington Post". Wall Street Journal. ISSN   0099-9660 . Retrieved March 20, 2019.
  8. ↑ "Arianna Huffington Takes Wellness Mission to New Heights With Thrive Global". adage.com. Retrieved March 20, 2019.
  9. ↑ "Arianna Huffington's Thrive Global is teaming up with Zenefits". TechCrunch. Retrieved March 20, 2019.
  10. ↑ Shankar, Shashwati (June 29, 2017). "Arianna Huffington launches wellness platform in partnership with Times Bridge". The Economic Times. Retrieved March 20, 2019.
  11. ↑ "Hotelier takes employee wellness up a notch". www.hcareers.com. Retrieved March 20, 2019.
  12. ↑ Leaf, Clifton. "Dream Catcher". Fortune. Retrieved November 21, 2024.
  13. ↑ "Arianna Huffington's Thrive Global is teaming up with Zenefits". TechCrunch. Retrieved March 20, 2019.
  14. ↑ "Arianna Huffington's Thrive Global raises $30M so you can work less and sleep more". TechCrunch. Retrieved March 20, 2019.
  15. ↑ O'Reilly, Lara. "Arianna Huffington's wellness startup launched only 6 weeks ago and has already doubled its revenue targets for 2017". Business Insider. Retrieved March 20, 2019.
  16. ↑ Swisher, Kara (November 29, 2017). "Arianna Huffington has raised another $30 million for Thrive Global at a $120 million valuation". Vox. Retrieved November 21, 2024.
  17. ↑ Swisher, Kara (November 29, 2017). "Arianna Huffington has raised another $30 million for Thrive Global at a $120 million valuation". Recode. Retrieved March 20, 2019.
  18. ↑ "Arianna Huffington's Thrive Global launches in India with Times Bridge". MediaNama. January 3, 2018. Retrieved March 20, 2019.
  19. ↑ "Greek media group brings Arianna Huffington's Thrive Global well-being platform to Romania". Romania Insider. Retrieved March 20, 2019.
  20. ↑ "LinkedIn Top Startups 2018: The 50 most sought-after startups in the U.S. (26-50)". www.linkedin.com. Retrieved March 20, 2019.
  21. ↑ "America's Best Startup Employers 2021". Forbes. Retrieved July 2, 2021.
  22. 1 2 O'Reilly, Lara. "See the pitch deck that helped Arianna Huffington's startup raise $80 million as it bids to end the 'stress and burnout epidemic'". Business Insider. Retrieved November 21, 2024.
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