In an unexpected move, Myles Grimshaw announced today that he is rejoining Thrive Capital after spending the past three years as a general partner at Benchmark.
Grimshaw first joined Thrive, the New York-based venture firm founded by Joshua Kushner, in 2013 and will return as general partner.
Grimshaw wrote in a post on I'm looking forward to it,” he said.
Image credit: Thrive Capital
Kushner too Shared the news on Xnoted that during his last time at Thrive, Grimshaw led investments in companies such as Airtable, Monzo (which raised another $430 million today), Lattice, and Benchling.
He also wrote, “As we look to the next chapter of our company and the incredible wave of innovation that lies ahead, Miles has the unique characteristics that will make him a formidable partner for our founders.”
TechCrunch has reached out to both Grimshaw and Thrive for comment.
When Miles Grimshaw, then 29, joined the prestigious venture firm Benchmark in December 2020, he became its fifth general partner. He was also part of Thrive's other four-partner team in 2013 as well.
The Financial Times reported in January that Thrive Capital was preparing to seek at least $3 billion in new capital from investors after the New York venture fund made huge bets on technology startups last year. It was reported that there was. For example, in 2023, Thrive put more money into payments giant Stripe's $6.5 billion raise, co-led a $300 million investment (at a lower valuation) in fintech Ramp, and co-led fintech Clair's $300 million investment (at a lower valuation). Led a $25 million round to
In February 2022, Thrive Capital, founded in 2009 by then-25-year-old Kushner, closed its eighth fund with approximately $3 billion in capital commitments, $500 million of which was invested in early-stage startups. announced that it plans to do so. An additional $2.5 billion was earmarked for later-stage companies.
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