About Thrive Market
Thrive Market is a company based in Los Angeles (United States) founded in 2013 by Nick Green, Sasha Siddhartha, Kate Mulling, and Gunnar Lovelace.. Thrive Market has raised $332.18 million across 6 funding rounds from investors including Lightspeed Venture Partners, Wavemaker Partners and GS Holdings. Thrive Market offers products and services including Grocery Platform and Gift Card Service. Thrive Market operates in a competitive market with competitors including Good Eggs, Mile High Organics, Wholeshare, Greenling and The Green PolkaDot Box, among others.
- Headquarter Los Angeles, United States
- Founders Nick Green, Sasha Siddhartha, Kate Mulling, Gunnar Lovelace
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Sectors
Retail
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$332.18 M (USD)
in 6 rounds
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Latest Funding Round
$29.19 M (USD), Series C
Jul 16, 2018
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Investors
Lightspeed Venture Partners
& 25 more
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Employee Count
Employee Count
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Products & Services of Thrive Market
Thrive Market offers a comprehensive portfolio of products and services, including Grocery Platform and Gift Card Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online service for buying organic groceries with home delivery options.
Digital tool for purchasing and redeeming gift cards on the platform.
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Finance and Accounting
18 people
Leadership Team
16 people
Sales and Marketing
12 people
Product Management Team
12 people
Software Development Team
12 people
Data Analysis and Operations Team
9 people
Senior Team
7 people
Creative and Marketing Team
4 people
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Funding Insights of Thrive Market
Thrive Market has successfully raised a total of $332.18M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $29.19 million completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $29.2M
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First Round
First Round
(01 Sep 2014)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2018 | Amount | Series C - Thrive Market | Valuation | GS Group |
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| Oct, 2016 | Amount | Series C - Thrive Market | Valuation |
investors |
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| Jun, 2016 | Amount | Series B - Thrive Market | Valuation | Invus |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Thrive Market
Thrive Market has secured backing from 26 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Lightspeed Venture Partners, Wavemaker Partners and GS Holdings. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made in US tech companies by TYLT Ventures.
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Founded Year | Domain | Location | |
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Seed and early-stage tech investments are made in US companies.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage companies across fintech, healthcare, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Thrive Market
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Thrive Market
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Thrive Market Comparisons
Competitors of Thrive Market
Thrive Market operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Good Eggs, Mile High Organics, Wholeshare, Greenling and The Green PolkaDot Box, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category organic groceries are offered through an online marketplace.
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| domain | founded_year | HQ Location |
Organic groceries are delivered to Denver homes and offices.
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| domain | founded_year | HQ Location |
Marketplace for group grocery ordering
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| domain | founded_year | HQ Location |
Local organic foods are delivered to doorsteps by Greenling.
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| domain | founded_year | HQ Location |
Online retailer for organic and Non-GMO Foods
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Thrive Market
Frequently Asked Questions about Thrive Market
When was Thrive Market founded?
Thrive Market was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Thrive Market located?
Thrive Market is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Thrive Market?
Nick Green is the current CEO of Thrive Market. They have also founded this company.
Is Thrive Market a funded company?
Thrive Market is a funded company, having raised a total of $332.18M across 6 funding rounds to date. The company's 1st funding round was a Series B of $111.11M, raised on Sep 01, 2014.
What does Thrive Market do?
Thrive Market was established in 2013 in Los Angeles, United States, as an online membership-based retailer in the organic goods sector. A diverse catalog of products, including snacks, beauty items, household essentials, and beverages, is maintained. Access to categories such as vegan, paleo, raw, and gluten-free options is provided for users. Associations with brands like Jacksons Honest, Acure, and Smarty Pants are noted in operations.
Who are the top competitors of Thrive Market?
Thrive Market's top competitors include Good Eggs, Mile High Organics and Wholeshare.
What products or services does Thrive Market offer?
Thrive Market offers Grocery Platform and Gift Card Service.
Who are Thrive Market's investors?
Thrive Market has 26 investors. Key investors include Lightspeed Venture Partners, Wavemaker Partners, GS Holdings, F6S Network, and Vator.