In a Series C round of funding, Thrive Global, a technology company based in New York City that focuses on behavior change, raised $80m. Thrive Global, which offers an AI-powered behavior change platform to improve employee well-being, raises $80M Series C led by Kleiner Perkins and Owl Ventures.
As part of the round, Kleiner Perkins, Owl Ventures, and Mamoon Hamid of Kleiner Perkins led the deal, with participation from existing institutional shareholders such as IVP and JAZZ Venture Partners, as well as a new investment from Goldman Sachs Asset Management whose funds are managed by the firm. Aside from the funding, Hamid will join the board of directors at Thrive along with Ian Chiu, the Managing Director of Owl Capital, as part of the funding agreement.
It is expected that the funds will be used by the company to expand its operations and reach even further.
In 2016, Arianna Huffington founded Thrive Global, an organization specializing in empowering individuals, organizations, and communities to improve their well-being, performance, and mental resilience by utilizing the power of AI. Over 100 organizations in over 40 countries have adopted the company’s Microsteps, which are small, science-backed steps that employees can take to improve their health and productivity. Microsteps are used by frontlines and call center workers as well as executives at multinational companies. New York, Dublin, Athens, Bucharest, Melbourne and Kiev are all offices of Thrive Global, which is headquartered in New York City.