In an unexpected move, Miles Grimshaw announced today that he is rejoining Thrive Capital after serving as a general partner at Benchmark for the past three years.
Grimshaw joined for the first time Thrivea New York-based venture capital firm founded by Joshua Kushner in 2013. He returns as a general partner.
In a post on XGrimshaw said he was “excited to rejoin the team at Thrive” but also “looked forward to continuing to work with Benchmark, as Thrive has done for many years.”
Image Credits: Thrive Capital
Kushner too shared the news on Xnoting that during his previous tenure 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 ahead to the next chapter of the company and the extraordinary wave of innovation that lies ahead, Miles has a rare set of qualities that make him a formidable partner for our founders.”
TechCrunch has reached out to both Grimshaw and Thrive for comment. Update: Thrive responded by pointing this out to us suspension the company posted about the news.
When he joined the historic venture firm Benchmark in December 2020, the then 29-year-old Miles Grimshaw became its fifth general partner. He had similarly joined a team of four other partners at Thrive in 2013.
The Financial Times reported in January that Thrive Capital “was preparing to ask investors for at least $3 billion in new capital after the New York venture fund made mammoth bets on tech startups last year.” For example, in 2023, Thrive put more money into payments giant Stripe’s $6.5 billion raise, co-led a $300 million investment in fintech Ramp (at a lower valuation), and led a $25 million round in fintech Clair.
In February 2022, Thrive Capital, which was founded in 2009 by a then 25-year-old Kushner, announced that it had closed its eighth fund with about $3 billion in capital commitments, $500 million of which it planned to invest in early-stage startups. stage. and another $2.5 billion it had earmarked for later-stage companies.
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