Thrive Holdings has announced it has raised $2 billion in new funding, bringing its valuation to $12 billion. Investors in the round include SoftBank, D1 Capital Partners, and Altimeter Capital.
The firm, a spinout of Thrive Capital, operates by acquiring traditional businesses, such as accounting firms, and integrating AI into their operations. Thrive Holdings has an ownership stake from OpenAI, which was acquired in December 2025, and benefits from OpenAI employees working with Thrive's companies to accelerate AI adoption.
To date, Thrive Holdings has focused on two main areas: its accounting arm, Current, which includes over 50 firms, and its information technology arm, Shield, with approximately 20 companies. According to Thrive, Current's TaxAI processed over 7,000 tax returns at 98% accuracy, reducing tax preparation times by more than 30%. Shield's AI products have reportedly sped up help desk resolution times by 36 times.
A portion of the new funding will be allocated to launching a third platform. This new vertical will concentrate on regulatory services for the built environment, covering the processes required for physical assets to be approved, built, certified, and maintained in operation.