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Vostu Co-Founder Raises $40M for Thrive Capital’s Second Fund

22 August 2011

(peHUB) August 22, 2011 – Thrive Capital Partners, an early-stage venture firm run by 26-year-old Internet entrepreneur Joshua Kushner, has raised a second fund totaling $40 million, according to a regulatory filing.

Kushner is the co-founder of Vostu, which is reportedly the largest online gaming company in Brazil. Founded in 2007, Vostu has raised a total of $45 million in venture capital from Accel Partners, General Catalyst Partners, Intel Capital and Tiger Global Management, according to Thomson Reuters (publisher of peHUB). Vostu’s board includes Accel’s Jim Breyer, who also sits on the board of Facebook.

Thrive Capital will reportedly invest in tech startups in the New York area, as well as Latin America.

Investors in Thrive’s new fund include Princeton University, Hall Capital Partners, Wellcome Trust and Peter Thiel, co-founder of The Founders Fund, according to the New York Times, which cited an anonymous source. The newspaper reported that the source said that Thrive could potentially invest as much as $100 million through co-investment deals with its limited partners.