Thrive Capital Invests $100 Million in Shopify as It Bets on AI-Driven Commerce
Updated
Updated · Bloomberg · May 14
Thrive Capital Invests $100 Million in Shopify as It Bets on AI-Driven Commerce
3 articles · Updated · Bloomberg · May 14
$100 million from Thrive Capital has gone into Shopify, giving Joshua Kushner’s firm a stake in the e-commerce company, according to people familiar with the matter.
Thrive told its stakeholders the investment reflects a view that artificial intelligence can drive gains in commerce, tying the bet to Shopify’s position in online retail infrastructure.
The move is unusual for Thrive, which is better known for backing private startups such as OpenAI than for taking positions in public companies.
The investment was described as not public, with details disclosed by people speaking anonymously, underscoring the limited visibility around the stake.
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