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Thrive Capital invests $100M in Shopify betting on AI in commerce

Thrive Capital invests ~$100M in Shopify, framing the stake as a bet on AI-driven gains in commerce.

May 14 · 22:15:02 · primary fetch1 sourceupdated May 14 · 22:15:02

Natasha Mascarenhas / Bloomberg: Sources: Joshua Kushner's Thrive Capital told its stakeholders that it has invested ~$100M in Shopify, framed as a bet on how AI could lead to gains in commerce — Joshua Kushner's Thrive Capital has taken a stake in Shopify Inc., according to people familiar with the matter, marking a rare bet by the venture firm on a public company.

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techmeme.comSources: Joshua Kushner's Thrive Capital told its stakeholders that it has invested ~$100M in Shopify, framed as a bet on how AI could lead to gains in commerce (Natasha Mascarenhas/Bloomberg)primary22:15:02