Thrive Global

Last updated

Thrive Global
Company type Private
IndustryTechnology
FoundedAugust 2016;7 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] In 2018, Thrive Global was named to LinkedIn's list of "The 50 most sought-after startups in the U.S." [5] In 2021, Thrive Global was named to Forbes' list of "America's Best Startup Employers." [6]

History

In March 2014, Arianna Huffington published the book Thrive: The Third Metric to Redefining Success and Creating a Life of Well-Being, Wisdom, and Wonder, a No. 1 New York Times bestseller, [7] which addressed the personal and collective crisis of stress and burnout, as well as the widespread longing “to redefine success and what it means to lead ‘the good life.’” [8]

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 [9] that eventually led her to start Thrive Global. [10]

Huffington stepped down as editor-in-chief of The Huffington Post in August 2016 to fully focus on launching Thrive Global. [11]

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. [12] The company has also formed corporate partnerships with Accenture, [13] Airbnb, [14] Hilton Hotels & Resorts, [15] JPMorgan Chase, and Uber. [16] [17]

In January 2017, reports emerged that six weeks after launching, Thrive had doubled its revenue targets for the year. [18] 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. Thrive Global investors also include Jack Ma, Kevin Durant and Andre Iguodala. [19]

Thrive Global launched operations in India in January 2018 in collaboration with Times Bridge, the international investments and partnerships division of Times Internet. [20] A month later, the company launched Thrive Greece in partnership with Antenna Group, the largest media company in Greece. [21]

In July 2021, the company raised $80 million in a Series C round led by Kleiner Perkins.

Related Research Articles

Sequoia Capital is an American venture capital firm headquartered in Menlo Park, California which specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. As of 2022, the firm had approximately US$85 billion in assets under management.

<span class="mw-page-title-main">David O. Sacks</span> South African American entrepreneur (born 1972)

David Oliver Sacks is an entrepreneur, author and investor in internet technology firms. He is a general partner of Craft Ventures, a venture capital fund he co-founded in late 2017. Additionally, he is a co-host of the All In podcast, alongside Chamath Palihapitiya, Jason Calacanis and David Friedberg. Previously, Sacks was the COO and product leader of PayPal, and founder and CEO of Yammer. In 2016, he became interim CEO of Zenefits for ten months. In 2017, Sacks co-founded Craft Ventures, an early-stage venture fund. His angel investments include Facebook, Uber, SpaceX, Palantir Technologies, and Airbnb.

<span class="mw-page-title-main">Michael Arrington</span> Founder and former co-editor of TechCrunch

J. Michael Arrington is the American founder and former co-editor of TechCrunch, a blog covering the Silicon Valley technology start-up communities and the wider technology field in America and elsewhere. Magazines such as Wired and Forbes have named Arrington one of the most powerful people on the Internet. In 2008, he was selected by TIME Magazine as one of the most influential people in the world.

<span class="mw-page-title-main">Index Ventures</span> European worldwide venture capital firm

Index Ventures is a European venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security. Since its founding in 1996, the firm has invested in a number of companies and raised approximately $5.6 billion. Index Venture partners appear frequently on Forbes’ Midas List of the top tech investors in Europe and Israel.

<span class="mw-page-title-main">Matt Cohler</span> American venture capitalist

Matt Cohler is an American venture capitalist. He worked as Vice President of Product Management for Facebook until June 2008 and was formerly a general partner at Benchmark. Cohler has been named to the Forbes Midas List of top technology investors and in 2019 was named to the New York Times and CB Insights list of top 10 venture capital investors. Cohler made the Forbes 'America's 40 Richest Entrepreneurs Under 40' list in 2015.

Greycroft LP is an American venture capital firm. It manages over $2 billion in capital with investments in companies such as Bird, Bumble, HuffPost, Goop, Scopely, The RealReal, and Venmo. Greycroft was founded in 2006 by Alan Patricof, Dana Settle, and Ian Sigalow. The firm is headquartered in New York City and Los Angeles.

Docusign American software company

Docusign, Inc. is an American company headquartered in San Francisco, California, that allows organizations to manage electronic agreements with electronic signatures on different devices. As of 2024, Docusign has about 1.5 million clients in 180 countries. Signatures processed by Docusign are compliant with the US ESIGN Act and the European Union's eIDAS regulation, including EU Advanced and EU, Qualified Signatures.

Andreessen Horowitz is a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California. As of April 2023, Andreessen Horowitz ranks first on the list of venture capital firms by assets under management, with $42 billion as of May 2024.

<span class="mw-page-title-main">AngelList</span> Website connecting startups, angel investors, and job-seekers

AngelList is an American software company for fundraising and connecting startups, angel investors, and limited partners. Founded in 2010, it started as an online introduction board for tech startups that needed seed funding. Since 2015, the site allows startups to raise money from angel investors free of charge. Created by serial entrepreneur Naval Ravikant and Babak Nivi in 2010, Avlok Kohli has been leading AngelList as its CEO since 2019.

CapitalG Management Company LLC is the independent growth fund under Alphabet Inc. Founded in 2013, it focuses on larger, growth-stage technology companies, and invests for profit rather than strategically for Google. In addition to capital investment, CapitalG's approach includes giving portfolio companies access to Google's people, knowledge, and culture to support the companies' growth and offer them guidance.

JetSmarter was a corporation and mobile application for private jet users. The company was headquartered in Fort Lauderdale, Florida, United States. The app connected users to available aircraft and routes in the United States, Europe and Middle East. The company was purchased by Vista Global in 2019 and merged into a new brand, XOJET Aviation.

TriNet Zenefits is a technology company based in San Francisco that offers cloud-based software as a service to companies for managing their human resources, with a particular focus on helping them with payroll and health insurance coverage. The company was founded in 2013.

Lemonade, Inc., is an American insurance company. The company offers renters' insurance, homeowners' insurance, car insurance, pet insurance, and term life insurance in the United States, as well as contents and liability policies in Germany and the Netherlands and renters' insurance in France. The company is based in New York City and has approximately 1.9 million customers. Lemonade does not hire human employees to process claims for customers, instead using artificial intelligence and chatbots to process claims.

Greenhouse Software is an American technology company headquartered in New York City that provides a recruiting software as a service. It was founded in 2012 by Daniel Chait and Jon Stross, two Class of 1995 graduates from the University of Michigan.

Oscar Health, Inc. is an American health insurance company, founded in 2012 by Joshua Kushner, Kevin Nazemi and Mario Schlosser, and is headquartered in New York City. The company focuses on the health insurance industry through telemedicine, healthcare focused technological interfaces, and transparent claims pricing systems which would make it easier for patients to navigate.

<span class="mw-page-title-main">Alec Oxenford</span> Co-founder of online marketplace

Alejandro Carlos "Alec" Oxenford is an Argentine entrepreneur. He co-founded OLX, and co-founded letgo, a mobile classified ad app in the United States.

Zeta Global Holdings Corp. is a data-driven marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships.

<span class="mw-page-title-main">Carta (software company)</span> American software company

eShares, Inc., doing business as Carta, Inc., is a San Francisco, California-based technology company that specializes in capitalization table management and valuation software. The company digitizes paper stock certificates along with stock options, warrants, and derivatives to allow companies, investors, and employees to manage their equity and track company ownership. The company also operates CartaX, a private stock exchange.

<span class="mw-page-title-main">Ankur Jain</span> American entrepreneur and investor (born 1990)

Ankur Jain is an American entrepreneur and investor who is the founder and CEO of Bilt Rewards, a loyalty company that rewards consumers on rent payments and neighborhood spend. As of 2024, Forbes estimates his net worth at US$1.2 billion.

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. ↑ "LinkedIn Top Startups 2018: The 50 most sought-after startups in the U.S. (26-50)". www.linkedin.com. Retrieved March 20, 2019.
  6. ↑ "America's Best Startup Employers 2021". Forbes. Retrieved July 2, 2021.
  7. ↑ Cowles, Gregory (April 4, 2014). "Inside the List". The New York Times. ISSN   0362-4331 . Retrieved March 20, 2019.
  8. ↑ Schawbel, Dan. "Arianna Huffington: Why Entrepreneurs Should Embrace The Third Metric". Forbes. Retrieved March 20, 2019.
  9. ↑ "Arianna Huffington: Collapse from exhaustion was 'wake-up call'". TODAY.com. Retrieved March 20, 2019.
  10. ↑ Griffith, Kathleen (October 26, 2018). "Arianna Huffington Thought 'HuffPost' Would Be Her 'Last Chapter.' Was She Ever Wrong". Entrepreneur. Retrieved March 20, 2019.
  11. ↑ Alpert, Lukas I. (August 11, 2016). "Arianna Huffington to Leave the Huffington Post". Wall Street Journal. ISSN   0099-9660 . Retrieved March 20, 2019.
  12. ↑ "Arianna Huffington Takes Wellness Mission to New Heights With Thrive Global". adage.com. Retrieved March 20, 2019.
  13. ↑ "Arianna Huffington's Thrive Global is teaming up with Zenefits". TechCrunch. Retrieved March 20, 2019.
  14. ↑ Shankar, Shashwati (June 29, 2017). "Arianna Huffington launches wellness platform in partnership with Times Bridge". The Economic Times. Retrieved March 20, 2019.
  15. ↑ "Hotelier takes employee wellness up a notch". www.hcareers.com. Retrieved March 20, 2019.
  16. ↑ "Arianna Huffington's Thrive Global is teaming up with Zenefits". TechCrunch. Retrieved March 20, 2019.
  17. ↑ "Arianna Huffington's Thrive Global raises $30M so you can work less and sleep more". TechCrunch. Retrieved March 20, 2019.
  18. ↑ 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.
  19. ↑ 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.
  20. ↑ "Arianna Huffington's Thrive Global launches in India with Times Bridge". MediaNama. January 3, 2018. Retrieved March 20, 2019.
  21. ↑ "Greek media group brings Arianna Huffington's Thrive Global well-being platform to Romania". Romania Insider. Retrieved March 20, 2019.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.