Thrive Market was founded in 2014 by Nick Green, Gunnar Lovelace, Sasha Siddhartha, and Kate Mulling. In 2021, the company was reportedly considering an IPO at a $2 billion valuation according to PYMNTS.
Thrive Market is an membership-based online grocer that focuses on sustainable and healthy foods. The company's subscription model allows paying customers to subsidize free or reduced-cost memberships to individuals and families in need. Thrive Market has raised more than $200 million in venture capital funding from investors including Calm VC, Plus Capital, Runway Venture Partners, and Kapor Capital.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
07/08/2021 | Series C | $86.38MM | $xx.xx | $1.29B | Mamoon Hamid, Kleiner Perkins, Owl Ventures, IVP, JAZZ Venture Partners, Goldman Sachs | |
Price per Share
$xx.xx
Shares Outstanding
3,510,963
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Mamoon Hamid, Kleiner Perkins, Owl Ventures, IVP, JAZZ Venture Partners, Goldman Sachs
|
||||||
07/02/2018 | Series B-4 | $64.05MM | $xx.xx | $668.69MM | GS Retail Co., Bridge Capital, Runway Venture Partners, Plus Capital | |
Price per Share
$xx.xx
Shares Outstanding
4,806,068
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GS Retail Co., Bridge Capital, Runway Venture Partners, Plus Capital
|
||||||
06/22/2016 | Series B-3 | $14.52MM | $xx.xx | $600.65MM | CAVU Venture Partners, Cross Culture Ventures, e.ventures, Greycroft Partners, Invus Group, Kapor Capital, Tudor Investment, VTF Capital | |
Price per Share
$xx.xx
Shares Outstanding
1,361,891
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
CAVU Venture Partners, Cross Culture Ventures, e.ventures, Greycroft Partners, Invus Group, Kapor Capital, Tudor Investment, VTF Capital
|
||||||
06/22/2016 | Series B-2 | $2.8MM | $xx.xx | $600.65MM | CAVU Venture Partners, Cross Culture Ventures, e.ventures, Greycroft Partners, Invus Group, Kapor Capital, Tudor Investment, VTF Capital | |
Price per Share
$xx.xx
Shares Outstanding
247,174
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
CAVU Venture Partners, Cross Culture Ventures, e.ventures, Greycroft Partners, Invus Group, Kapor Capital, Tudor Investment, VTF Capital
|
||||||
06/22/2016 | Series B-1 | $3.79MM | $xx.xx | $600.65MM | CAVU Venture Partners, Cross Culture Ventures, e.ventures, Greycroft Partners, Invus Group, Kapor Capital, Tudor Investment, VTF Capital | |
Price per Share
$xx.xx
Shares Outstanding
319,589
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
CAVU Venture Partners, Cross Culture Ventures, e.ventures, Greycroft Partners, Invus Group, Kapor Capital, Tudor Investment, VTF Capital
|
||||||
06/22/2016 | Series B | $90MM | $xx.xx | $600.65MM | CAVU Venture Partners, Cross Culture Ventures, e.ventures, Greycroft Partners, Invus Group, Kapor Capital, Tudor Investment, VTF Capital | |
Price per Share
$xx.xx
Shares Outstanding
6,753,257
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.5x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
CAVU Venture Partners, Cross Culture Ventures, e.ventures, Greycroft Partners, Invus Group, Kapor Capital, Tudor Investment, VTF Capital
|
||||||
07/10/2015 | Series A-3 | $4.45MM | $xx.xx | $220.4MM | Bam Ventures, Compound Ventures, Cross Culture Ventures, e.ventures, Energy Brands, Greycroft Partners, Inevitable Ventures, Kensington Capital Holdings, Powerplant Ventures, Scripps Networks Interactive, Stonyfield Farm, TYLT Ventures, Zulily | |
Price per Share
$xx.xx
Shares Outstanding
835,611
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bam Ventures, Compound Ventures, Cross Culture Ventures, e.ventures, Energy Brands, Greycroft Partners, Inevitable Ventures, Kensington Capital Holdings, Powerplant Ventures, Scripps Networks Interactive, Stonyfield Farm, TYLT Ventures, Zulily
|
||||||
07/10/2015 | Series A-2 | $584,966 | $xx.xx | $220.4MM | Bam Ventures, Compound Ventures, Cross Culture Ventures, e.ventures, Energy Brands, Greycroft Partners, Inevitable Ventures, Kensington Capital Holdings, Powerplant Ventures, Scripps Networks Interactive, Stonyfield Farm, TYLT Ventures, Zulily | |
Price per Share
$xx.xx
Shares Outstanding
1,099,562
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bam Ventures, Compound Ventures, Cross Culture Ventures, e.ventures, Energy Brands, Greycroft Partners, Inevitable Ventures, Kensington Capital Holdings, Powerplant Ventures, Scripps Networks Interactive, Stonyfield Farm, TYLT Ventures, Zulily
|
||||||
07/10/2015 | Series A-1 | $1.23MM | $xx.xx | $220.4MM | Bam Ventures, Compound Ventures, Cross Culture Ventures, e.ventures, Energy Brands, Greycroft Partners, Inevitable Ventures, Kensington Capital Holdings, Powerplant Ventures, Scripps Networks Interactive, Stonyfield Farm, TYLT Ventures, Zulily | |
Price per Share
$xx.xx
Shares Outstanding
4,621,227
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bam Ventures, Compound Ventures, Cross Culture Ventures, e.ventures, Energy Brands, Greycroft Partners, Inevitable Ventures, Kensington Capital Holdings, Powerplant Ventures, Scripps Networks Interactive, Stonyfield Farm, TYLT Ventures, Zulily
|
||||||
07/10/2015 | Series A | $33.54MM | $xx.xx | $220.4MM | Bam Ventures, Compound Ventures, Cross Culture Ventures, e.ventures, Energy Brands, Greycroft Partners, Inevitable Ventures, Kensington Capital Holdings, Powerplant Ventures, Scripps Networks Interactive, Stonyfield Farm, TYLT Ventures, Zulily | |
Price per Share
$xx.xx
Shares Outstanding
5,043,429
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bam Ventures, Compound Ventures, Cross Culture Ventures, e.ventures, Energy Brands, Greycroft Partners, Inevitable Ventures, Kensington Capital Holdings, Powerplant Ventures, Scripps Networks Interactive, Stonyfield Farm, TYLT Ventures, Zulily
|