In a surprising turn of events, Miles Grimshaw made the announcement today that he would be rejoining Thrive Capital, where he previously worked as a general partner before spending the past three years at Benchmark.
Grimshaw originally joined Thrive, a New York-based venture firm founded by Joshua Kushner, in 2013 and is now returning as a general partner.
“I am elated to re-join the team at Thrive,” wrote Grimshaw in a post on X. “I also look forward to continuing to partner with Benchmark, as Thrive has for many years.”
Kushner also shared the news on X, highlighting Grimshaw’s contributions during his previous tenure at Thrive, including leading investments in successful companies like Airtable, Monzo, Lattice, and Benchling.
“As we look ahead to the next chapter of the firm, and the extraordinary wave of innovation that lies ahead, Miles has a rare set of characteristics that make him a formidable partner to our founders,” Kushner wrote.
TechCrunch reached out to both Grimshaw and Thrive for comment.
In December 2020, 29-year-old Miles Grimshaw joined the storied venture firm Benchmark as its fifth general partner. This was a similar move to when he 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 fresh capital after the New York venture fund made mammoth bets on technology start-ups last year.” For example, Thrive invested more money in payments giant Stripe during its $6.5 billion raise, co-led a $300 million investment in fintech Ramp, and led a $25 million round in fintech Clair.
In February 2022, Thrive Capital, which was founded by a then 25-year-old Kushner in 2009, announced that it had closed its eighth fund with approximately $3 billion in capital commitments. Of this total, $500 million was allocated for early-stage startups and $2.5 billion for later-stage companies.
