What is Thrive Market?
Founded in 2014 and headquartered in Los Angeles, CA, Thrive Market operates on a membership-based model, providing consumers with access to a curated selection of sustainable and health-conscious goods. The platform aims to make healthy and sustainable living accessible and affordable, differentiating itself through its commitment to product transparency and ethical sourcing. The company's strategic positioning in the rapidly expanding market for organic and eco-friendly products has attracted substantial investment.
How much funding has Thrive Market raised?
Thrive Market has raised a total of $151.9M across 3 funding rounds:
Other Financing Round
$8M
Series A
$32.9M
Series B
$111M
Other Financing Round (2014): $8M with participation from Deepak Chopra, Compound, digi Ventures, Jeremy Roll, Jillian Michaels, and Loren Bendele
Series A (2015): $32.9M led by Greycroft Partners, Enabling Future, Inevitable Ventures, Cross Culture Ventures, VTF Capital, Kyle Widrick, Demi Moore, Hunter Thompson, PowerPlant Ventures, TYLT Ventures, Scripps Networks, UTA Ventures, and John Legend
Series B (2016): $111M supported by Invus, Cross Culture Ventures, Kapor Capital, and Greycroft Partners
Key Investors in Thrive Market
Greycroft Partners
Greycroft is a leading venture capital firm focused on investments in the Internet and mobile markets, leveraging an extensive network to help entrepreneurs build successful businesses.
Cross Culture Ventures
MaC Ventures is a seed-stage venture capital firm that invests in founders building innovative and culture-defining companies, offering strategic guidance and deep expertise.
Invus
Invus Group is an investment firm specializing in financial advice, investment services, and consulting services, founded in 1985 and headquartered in New York City.
What's next for Thrive Market?
The substantial enterprise-level funding indicates Thrive Market is poised for significant scaling and market expansion. Future strategic initiatives are likely to focus on enhancing the platform's technological infrastructure, broadening its product catalog, and potentially exploring new market segments or geographic regions. Continued investment in supply chain optimization and customer acquisition will be crucial for sustaining its growth momentum and solidifying its market leadership in the conscious consumerism space.
See full Thrive Market company page
