About THRIVE
THRIVE is a venture capital firm founded in 2010. It is primarily based out of Los Gatos, United States. As of Sep 2026, THRIVE is an active investor, having invested in 290 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 $***** Series A round of Robigo Overall, THRIVE portfolio has seen 8 unicorns, 7 IPOs and 46 acquisitions including key companies like FBN, Indigo and Ginkgo Bioworks. A lot of funds co-invest with THRIVE, with names like Leaps by Bayer sharing a substantial percentage of its portfolio. THRIVE has team of 12 people including 1 partners.Key Metrics
Team Members
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 290 companies, including 8 unicorns. Their most notable investments are in Passionoat and Cattle Care.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. 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: 808 as on Sep 30, 2026
- Investors: T. Rowe Price, Fidelity Investments and 32 Others
- Latest Funding Round: Series G, Jul 28, 2025, $*****
- Highlight: Editors' Pick
2. 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: 1,316 as on Sep 30, 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: $100M - $500M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $796M
- Employee Count: 638 as on Mar 31, 2026
- Investors: Allen & Company, Owl Rock and 53 Others
- Latest Funding Round: Grant (prize money), Dec 13, 2023, $*****
- Highlight: Public
4. Winnow
Food waste tracking and management solutions provider. The platform provides smart waste metering technology enabling users to monitor the food waste. The data is collected and recorded in the software to provide real-time insights into the type and quantity of food waste. It provides a touchscreen display system for chefs to record information regarding the type and the stage at which the food is thrown. The system analyses the recorded data to generate reports on a daily basis to track the performance.
Key facts about Winnow
Provider of food vending machines. It provides a network of automated smart vending machines dispensing meals and snacks. Its menu includes salads, sandwiches, and snacks.
Key facts about Farmer's Fridge
- Founded Year: 2013
- Location: Chicago (United States)
- Stage: Series D
- Total Funding till date: $82.6M
- Employee Count: 433 as on Sep 30, 2026
- Investors: DNS Capital, Innovation Endeavors and 16 Others
- Latest Funding Round: Conventional Debt, Apr 12, 2021, $*****
- Highlight: Editors' Pick
THRIVE's Year-on-Year Investment Trends
THRIVE has invested in 290 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 Sep 2026, it has made 2 investments in this year. Its most recent first time investment was in Robigo and most recent follow-on round was in Muddy Machines.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
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, 8 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 | 8 |
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 256 Tech companies, 235 Enterprise (B2B) companies, 118 Software companies and at least 72 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Food and Agriculture Tech | 82 |
Sustainability Tech | 55 |
Environment Tech | 45 |
Enterprise Applications | 39 |
High Tech | 39 |
Others | 109 |
Note: We have considered here, only first round of investments
THRIVE's Investments by Geography
THRIVE has made most investments in United States (47), followed by Canada where it has made 30 investments.Country | No. of Investments |
|---|---|
United States | 47 |
Canada | 30 |
Australia | 5 |
Ireland | 4 |
United Kingdom | 4 |
Others | 23 |
Note: We have considered here, only first round of investments
THRIVE's recent investments
THRIVE has made 2 investments in 2026 so far - Robigo and Brilliant Harvest.Here are the most recent investments by THRIVE:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 18, 2026 | United States | Series A | 1083 | [+3] | |
Feb 05, 2026 | Canada | Seed | 9828 | [+5] | |
Sep 29, 2025 | Japan | Series B | 6240 | [+9] | |
Jun 26, 2024 | Hungary | Seed | 9306 | [+2] | |
Mar 13, 2024 | Italy | Seed | 6590 | [+1] |
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 |
|---|---|---|---|---|---|---|---|
58 | Company offering a global vertical farming network using efficient farming methods | 2013 | Berlin | Series D | fanjqoo | ||
73 | Network of services for farm management, supplies, and financial solutions | 2014 | San Carlos | Series G | umfwbbs | ||
55 | Developer of microbial nitrogen products designed for crop nutrition enhancement | 2010 | Berkeley | Series D | ojpbzdp | ||
59 | Developer of technology to improve crop breeding and seed production | 2016 | Cambridge | Series G | vuguo{p | ||
73 | Provider of biological and sustainability solutions for the agriculture industry | 2013 | Boston | Series G | viqnifo |
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 | 8545 | |
Sep 17, 2021 | - | - | 4381 | |
Jul 23, 2021 | - | - | 1302 | |
Jul 02, 2021 | - | - | 4638 | |
Mar 02, 2021 | - | - | 2457 |
Acquired companies in THRIVE's Portfolio
46 companies from THRIVE's portfolio have been acquired. The most recent acquisition was AeroFarms in Jun 2026 by Palm Ventures for $*****.Here are THRIVE's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 11, 2026 | - | - | 8009 | |
May 27, 2026 | - | - | 7187 | |
May 19, 2026 | - | - | 9326 | |
Oct 21, 2025 | - | - | 7467 | |
Apr 04, 2025 | May 11, 2023 | Series B | 8512 |
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Team profile of THRIVE
THRIVE has a team of 12 members including 1 Partner, 1 Venture Partner and 1 Principal located in United States, Canada and 1 more location. 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 | Dublin | - | ||
Venture Partner | San Francisco | - | ||
Principal | Lethbridge | - | - |
Co-investors of THRIVE
Over the past 13 years, 360 investors have co-invested in THRIVE's portfolio companies. This includes funds and angels.
- Invested before THRIVE: National Science Foundation, The Yield Lab and 148 others have invested in rounds before THRIVE. There are 5 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: 39 investors entered a company along with THRIVE. These include investors like Leaps by Bayer (1 company).
- Invested after THRIVE: A total of 171 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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JETRO & SVG Ventures Launch “Harvest Horizons” to Accelerate Globalization of Japanese Agri-Food Tech StartupsiGrow News•Aug 13, 2024•THRIVE, JETRO
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Verge Technologies wins Investment from SVG VenturesAgroPages•May 31, 2024•THRIVE, Verge Technologies, Pioneer Fund
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NEC X Invests in AgTech Startup VerdiAiThority•May 22, 2024•NEC X, Verdi, Kagome, http://cropscope.net and 2 others
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SVG Ventures|THRIVE Announces Third Academy Cohort to Foster Agrifood Tech InnovationiGrow News•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
