Thrive Market

FoodTech

Founded: 2013

Last Round Valuation: $1.29B

Thrive Market is a pioneering e-commerce platform that has been revolutionizing the way people access high-quality, natural, and organic products since its inception in 2014. Co-founded by Nick Green, Gunnar Lovelace, Kate Mulling, and Sasha Siddhartha, the company operates on a membership-based model, offering its members access to an extensive and meticulously curated selection of products. With a passionate commitment to making healthy living easy and affordable for everyone, Thrive Market has quickly emerged as a go-to destination for health-conscious consumers seeking sustainable, ethical, and wholesome alternatives. Through their innovative approach and dedication to social and environmental impact, Thrive Market continues to inspire a healthier and more conscious way of living for its members and beyond.

Thrive Market Overview:

Thrive Market, founded in 2014 by Nick Green, Gunnar Lovelace, Kate Mulling, and Sasha Siddhartha, is a leading e-commerce platform focused on promoting accessible and affordable healthy living. Operating on a membership-based model, the company provides its members with an extensive collection of thoughtfully curated natural and organic products. Thrive Market's product range spans organic foods, clean beauty products, non-GMO items, vitamins, supplements, natural home goods, and more, all meeting stringent quality and sustainability standards.

One of Thrive Market's core values is its commitment to social impact. Through its "Thrive Gives" program, for every paid membership, the company donates a free membership to individuals in need, such as low-income families, teachers, veterans, and first responders. This initiative aims to combat food insecurity and promote healthier lifestyles within communities.

Thrive Market actively promotes sustainability and ethical sourcing by partnering with brands and suppliers that follow environmentally responsible practices and support fair trade. Alongside well-known brands, the company offers its own private label, the "Thrive Market" brand, providing additional affordable and high-quality options for members.

Convenience is key to the platform's success. Members can shop online, receiving their products directly at their doorsteps, while the website's user-friendly interface ensures an efficient and enjoyable shopping experience.

The company fosters an engaged and supportive community of health-conscious consumers, offering educational content, recipes, and tips to empower members in making informed and sustainable choices.

Thrive Market's unique business model, combined with its dedication to social and environmental causes, has enabled the company to experience significant growth and recognition as a leading player in the e-commerce space for health-conscious consumers. With a vision to inspire and empower healthier lifestyles for all, Thrive Market continues to leave a positive impact on individuals and communities alike.

Founders:

  • Gunnar Lovelace

  • Kate Mulling

  • Nick Green

  • Sasha Siddhartha

Top Investors:

  • Bam Ventures

  • Bridge Capital

  • CAVU Venture Partners

  • Compound Ventures

  • Cross Culture Ventures

  • Energy Brands

  • GS Retail Co.

  • Goldman Sachs

  • Greycroft Partners

  • IVP (Institutional Venture Partners)

  • Inevitable Ventures

  • Invus Group

  • JAZZ Venture Partners

  • Kapor Capital

  • Kensington Capital Holdings

  • Kleiner Perkins

  • Mamoon Hamid

  • Owl Ventures

  • Plus Capital

  • Powerplant Ventures

  • Runway Venture Partners

  • Scripps Networks Interactive

  • Stonyfield Farm

  • TYLT Ventures

  • Tudor Investment

  • VTF Capital

  • Zulily

  • E.ventures

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Jul 2021 Series C $86.38MM $301.33MM $24.60 $1.29B Mamoon Hamid, Kleiner Perkins, Owl Ventures
Jul 2018 Series B-4 $64.05MM $214.95MM $13.33 $668.69MM GS Retail Co., Bridge Capital, Runway Venture Partners
Jun 2016 Series B-2 $2.8MM $42.6MM $11.33 $600.65MM CAVU Venture Partners, Cross Culture Ventures, e.ventures
Jun 2016 Series B-3 $14.52MM $54.32MM $10.66 $600.65MM CAVU Venture Partners, Cross Culture Ventures, e.ventures
Jun 2016 Series B-1 $3.79MM $43.58MM $11.85 $600.65MM CAVU Venture Partners, Cross Culture Ventures, e.ventures
Jun 2016 Series B $90MM $129.8MM $13.33 $600.65MM CAVU Venture Partners, Cross Culture Ventures, e.ventures
Jul 2015 Series A-1 $1.23MM $1.23MM $0.27 $220.4MM Bam Ventures, Compound Ventures, Cross Culture Ventures
Jul 2015 Series A-2 $584.97K $584.97K $0.53 $220.4MM Bam Ventures, Compound Ventures, Cross Culture Ventures
Jul 2015 Series A-3 $4.45MM $4.45MM $5.32 $220.4MM Bam Ventures, Compound Ventures, Cross Culture Ventures
Jul 2015 Series A $33.54MM $33.54MM $6.65 $220.4MM Bam Ventures, Compound Ventures, Cross Culture Ventures

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