About THRIVE
THRIVE is a venture capital firm founded in 2010. It is primarily based out of Los Gatos, United States. As of Feb 2026, THRIVE is an active investor, having invested in 288 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Food and Agriculture Tech to High Tech and Enterprise Applications. Most recently it participated in the $***** Seed round of Brilliant Harvest Overall, THRIVE portfolio has seen 8 unicorns, 7 IPOs and 43 acquisitions including key companies like Indigo, Ginkgo Bioworks and FBN. A lot of funds co-invest with THRIVE, with names like Wilbur-Ellis sharing a substantial percentage of its portfolio. THRIVE has team of 24 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
THRIVE's List of Top Investments
THRIVE has a portfolio of 288 companies, including 8 unicorns. Their most notable investments are in Passionoat and Lwanda Biotech.Their portfolio spans across United States, Canada, Israel and 27 more locations. They have invested in Food and Agriculture Tech, High Tech, Enterprise Applications and 27 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by THRIVE:
1. Indigo
Provider of biological and sustainability solutions for the agriculture industry. The company offers biological products that harness the plant microbiome to protect crops. It also provides sustainability programs that help scale sustainable practices. These solutions aim to reduce emissions, conserve water, and improve farm profitability.
Key facts about Indigo
- Founded Year: 2013
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.4B
- Employee Count: 1,397 as on Mar 31, 2026
- Investors: InvestX, Baillie Gifford and 26 Others
- Latest Funding Round: Series G, Sep 15, 2023, $*****
- Highlight: Editors' Pick
Autonomous labs for biotechnology, empowering scientists to design the living world. They provide autonomous labs and cloud lab services, enabling scientists to automate experimental work and focus on insight and creativity. The company offers solutions and datapoints services to design experiments and address research goals. Their autonomous systems lift the burden of manual lab work, empowering scientists to ask critical questions. They provide hardware, software, support, and cloud lab resources. The company's vision is to enable programming biology, curing diseases, and growing everything imaginable. This is a B2B tech company offering SaaS solutions for biotechnology and pharmaceutical industries.
Key facts about Ginkgo Bioworks
- Founded Year: 2008
- Location: Boston (United States)
- Annual Revenue: $227M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $796M
- Employee Count: 638 as on Mar 31, 2026
- Investors: Owl Rock, Avitas Capital and 53 Others
- Latest Funding Round: Grant (prize money), Dec 13, 2023, $*****
- Highlight: Public
3. FBN
Network of services for farm management, supplies, and financial solutions. The platform provides access to agricultural inputs, financing options, and marketing programs. It connects farmers to grain buyers and offers data-driven insights. The network facilitates community engagement through online forums and events.
Key facts about FBN
- Founded Year: 2014
- Location: San Carlos (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $981M
- Employee Count: 651 as on Mar 31, 2026
- Investors: TriplePoint Capital, Fidelity Investments and 32 Others
- Latest Funding Round: Series G, Jul 28, 2025, $*****
- Highlight: Editors' Pick
Provider of plant-based alternatives to traditional meat products. Its product catalog include meatballs, hotdogs, burgers, sausage, chicken nuggets, steak, and more.
Key facts about Impossible Foods
- Founded Year: 2011
- Location: Redwood City (United States)
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $2.01B
- Employee Count: 509 as on Feb 28, 2026
- Investors: equitywestsecurities.com, SeedFord Partners and 112 Others
- Latest Funding Round: Series H, Nov 17, 2021, $*****
- Highlight: Editors' Pick
5. Cibus
Developer of precision breeding technologies for resilient and vigorous crops. The company focuses on creating crops with specific traits to withstand environmental stressors. It works with agricultural partners to develop seeds resistant to heat, pests, fungus, and weeds. The goal is to produce crops that require fewer chemicals and less energy.
Key facts about Cibus
- Founded Year: 2001
- Location: San Diego (United States)
- Annual Revenue: $4.26M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $34.5M
- Employee Count: 129 as on Dec 31, 2022
- Investors: Fidelity Investments, Acks and 7 Others
- Latest Funding Round: Post IPO, Apr 08, 2020, $*****
- Highlight: Public
THRIVE's Year-on-Year Investment Trends
THRIVE has invested in 288 companies over the last 13 years, with an average of 9 new investments annually in the last 10 years. In 2025, it made 1 investment, while as of Feb 2026, it has made 1 investment in this year. Its most recent first time investment was in Brilliant Harvest and most recent follow-on round was in Muddy Machines.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 0 | 1 |
2024 | 2 | 0 | 2 |
2023 | 18 | 0 | 18 |
2022 | 24 | 2 | 26 |
2021 | 11 | 2 | 13 |
2020 | 10 | 3 | 13 |
2019 | 7 | 1 | 8 |
2018 | 8 | 0 | 8 |
2017 | 9 | 1 | 10 |
THRIVE's Investments by Stage
THRIVE has made 97 investments in Seed stage with an average round size of $440K, 7 investments in Series A stage with an average round size of $3.4M and 3 investments in Series B stage with an average round size of $27.1M.Stage of entry | No. of Investments |
|---|---|
Seed | 97 |
Series A | 7 |
Series B | 3 |
Unattributed | 3 |
Post IPO | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
THRIVE's Investments by Sector
THRIVE has a diverse portfolio, with companies operating in the Food and Agriculture Tech, Sustainability Tech, Environment Tech, Enterprise Applications and High Tech. Notably, it has invested in 253 Tech companies, 232 Enterprise (B2B) companies, 120 Software companies and at least 71 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Food and Agriculture Tech | 78 |
Sustainability Tech | 53 |
Environment Tech | 45 |
Enterprise Applications | 39 |
High Tech | 37 |
Others | 113 |
Note: We have considered here, only first round of investments
THRIVE's Investments by Geography
THRIVE has made most investments in United States (45), followed by Canada where it has made 31 investments.Country | No. of Investments |
|---|---|
United States | 45 |
Canada | 31 |
Australia | 5 |
Ireland | 4 |
United Kingdom | 4 |
Others | 24 |
Note: We have considered here, only first round of investments
THRIVE's recent investments
THRIVE has made 1 investments in 2026 so far - Brilliant Harvest.Here are the most recent investments by THRIVE:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 05, 2026 | Canada | Seed | 7607 | [+5] | |
Sep 29, 2025 | Japan | Series B | 1973 | [+9] | |
Jun 26, 2024 | Hungary | Seed | 3155 | [+2] | |
Mar 13, 2024 | Italy | Seed | 7721 | [+1] | |
Jun 08, 2023 | India | Seed | 8902 | - |
Unicorns in THRIVE's Portfolio
THRIVE has 8 unicorns in its portfolio - INFARM, FBN, Pivot Bio and others. The most recent unicorn in their portfolio is INFARM. It became a unicorn in 2021, 4 years before THRIVE first invested in it.Here is a list of unicorns in THRIVE's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
53 | Company offering a global vertical farming network using efficient farming methods | 2013 | Berlin | Series D | znrxoin | ||
72 | Network of services for farm management, supplies, and financial solutions | 2014 | San Carlos | Series G | {slbjpd | ||
58 | Developer of microbial nitrogen products designed for crop nutrition enhancement | 2010 | Berkeley | Series D | jmzuogf | ||
64 | Developer of technology to improve crop breeding and seed production | 2016 | Cambridge | Series G | fkwsken | ||
78 | Provider of biological and sustainability solutions for the agriculture industry | 2013 | Boston | Series G | iogdjfz |
IPOs and Publicly Listed companies in THRIVE's Portfolio
7 of THRIVE's portfolio companies have become public. HEMPALTA got listed on the Toronto Stock Exchange - Venture Exchange (TSX-V), in Jan 2022 and Ginkgo Bioworks got listed on the New York Stock Exchange (NYSE).Here are THRIVE's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 27, 2022 | Feb 06, 2023 | Post IPO | 5087 | |
Sep 17, 2021 | - | - | 2694 | |
Jul 23, 2021 | - | - | 7498 | |
Jul 02, 2021 | - | - | 5627 | |
Mar 02, 2021 | - | - | 5187 |
Acquired companies in THRIVE's Portfolio
43 companies from THRIVE's portfolio have been acquired. The most recent acquisition were Freight Farms in Oct 2025 by The Growcer.Here are THRIVE's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 21, 2025 | - | - | 2096 | |
Apr 04, 2025 | May 11, 2023 | Series B | 8909 | |
Feb 25, 2025 | - | - | 9577 | |
Nov 14, 2024 | Apr 11, 2017 | Seed | 3245 | |
Oct 15, 2024 | - | - | 5217 |
Team profile of THRIVE
THRIVE has a team of 24 members including 4 Partners, 1 Venture Partner and 2 Principals located in United States, Canada and 2 more locations. THRIVE's team does not sit on the board of any company as of now.Here is a list of top team members in THRIVE:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Los Gatos | - | - | |
Partner | Canada | - | ||
Partner | Dublin | - | ||
Partner | Los Gatos | - | ||
Venture Partner | San Francisco | - | ||
Principal | Lethbridge | - | - | |
Principal | Jaipur | - | - |
Co-investors of THRIVE
Over the past 13 years, 347 investors have co-invested in THRIVE's portfolio companies. This includes funds and angels.
- Invested before THRIVE: National Science Foundation, The Yield Lab and 143 others have invested in rounds before THRIVE. There are 4 companies where National Science Foundation has invested before THRIVE and 3 companies where The Yield Lab has invested before THRIVE.
- Top Co-investors of THRIVE: 36 investors entered a company along with THRIVE. These include investors like Wilbur-Ellis (1 company).
- Invested after THRIVE: A total of 166 investors have invested in THRIVE's portfolio after their investments. Top Investors include United States Department of Agriculture (6 companies), Europa (4 companies) and SVG|Spruce Ventures (3 companies).
Recent News related to THRIVE
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Brilliant Harvest Raises $4M USD in Seed FundingFinSMEs•Feb 24, 2026•NYA Ventures, Brilliant Harvest, Automotive Ventures, Alpaca and 4 others
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Canada's Verdi Secures $6.5M CAD in Seed FundingFinSMEs•May 15, 2025•Verdi, THRIVE, NEC X, Ponderosa Ventures and 10 others
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Silicon Valley’s Svg Ventures Partners With Japan’s Kagome For $50m Sunrise FundGlobal AgInvesting•Sep 26, 2024•THRIVE, Kagome, SVG Ventures
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Verge Technologies wins Investment from SVG VenturesAgroPages•May 31, 2024•THRIVE, Verge Technologies, Pioneer Fund
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SVG Ventures|THRIVE Announces Third Academy Cohort to Foster Agrifood Tech Innovationigrownews.com•Sep 13, 2023•THRIVE
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SVG Ventures|THRIVE and NEC X partner to incubate novel solutions in agrifoodAgroPages•Jun 28, 2023•THRIVE, NEC X, NEC
