$2.0B
Thrive Capital is set to lead the financing round, which would value the artificial intelligence drug discovery startup at more than triple its previous raise.
T
Thrive
Venture CapitalThrive Capital is an investment firm that backs innovative technology companies.
Portfolio
3
companies
Investment by month
By category
- FinTech£5.5B
- Uncategorised£1.9B
By location
- Ireland£5.3B
- London£2.1B
Portfolio companies
Isomorphic Labs
Isomorphic Labs builds computational systems for protein prediction and molecular modelling to accelerate drug discovery.
M
Monzo
Monzo provides digital banking services through a mobile application.
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Stripe
Stripe builds payment processing and economic infrastructure for the internet economy.
Team
Josh Kushner
Founder and CEO
Recent investments
£459M
The financing round was led by Thrive Capital with backing from GV and Alphabet.
"We’re excited to bring together a top-tier investor group with deep AI and life sciences expertise as we aim to transform this industry through an interdisciplinary approach."
$6.5B
The funding round involves participation from existing shareholders and new investors to provide employee liquidity.
"Over the last 12 years, current and former employees of Stripes have helped build foundational economic infrastructure for millions of businesses around the world, and this transaction gives them the opportunity to access the value they've helped create. But the internet economy is still young, and the opportunities of the next 12 years will dwarf those of the recent past. There's so much to discover and to create. For us, it's now back to work."
Andreessen Horowitz + 8 others
£60.0M
The digital bank has raised roughly £60m from a syndicate of existing and new investors.
£113M
The digital bank raised the capital from backers including Latitude and Stripe, pushing its valuation past £2bn.
"We’ve seen [this approach] in other products such as social networks or consumer apps, but it’s unheard of in banking."
