Venture capital investment firm Thrive Capital, a major investor in OpenAI, is gearing up to raise at least $3bn in additional funding for tech investments amid a general downturn in investment in the sector, according to a report by the Financial Times.
The report cites three people close to the matter as confirming that fundraising is at an early stage but is expected to launch formally in the next few months putting the New York-based firm among just a handful of growth funds currently pitching for tech sector investment cash.
While a target for the fundraising has yet to be finalised, the FT’s sources have revealed that $3.4bn has been discussed which is around the same size as the total raised for the firm’s last fund in 2022.
