Vostu Co-Founder Joshua Kushner Raises $40M for Thrive Capital’s Second Fund
Thrive Capital Partners, an early-stage venture firm run by 26-year-old Internet entrepreneur Joshua Kushner, has raised a second fund totaling $40 million, according to a regulatory filing.
Kushner is the co-founder of Vostu, which is reportedly the largest online gaming company in Brazil. Founded in 2007, Vostu has raised a total of $45 million in venture capital from Accel Partners, General Catalyst Partners, Intel Capital and Tiger Global Management, according to Thomson Reuters (publisher of peHUB). Vostu’s board includes Accel’s Jim Breyer, who also sits on the board of Facebook.
Thrive Capital will reportedly invest in tech startups in the New York area, as well as Latin America.
Investors in Thrive’s new fund include Princeton University, Hall Capital Partners, Wellcome Trust and Peter Thiel, co-founder of The Founders Fund, according to the New York Times, which cited an anonymous source. The newspaper reported that the source said that Thrive could potentially invest as much as $100 million through co-investment deals with its limited partners.
Kushner and his family are well known in New York. His brother Jared, who is listed as a general partner in Thrive Capital, is publisher of The New York Observer and is married to Ivanka Trump, the daughter of real estate tycoon Donald Trump. Kushner’s father Charles is a wealthy New Jersey developer who was sentenced to two years in prison in 2005 after pleading guilty to 18 counts of tax evasion, witness tampering and illegal campaign donations, according to the New York Times.
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