A24 Raises Funding Round Led by Josh Kushner’s Thrive Capital
variety.comJennifer Maas TV Business Writer Film and TV studio A24 has secured a new round of funding led by Josh Kushner’s investment firm Thrive Capital.
In connection with the investment, Kushner will be joining the board of directors for A24, best known for such films as “Civil War,” “Everything Everywhere All at Once,” “Moonlight” and “Uncut Gems,” and TV series “Euphoria,” “Beef,” “Ramy” and “The Sympathizer.” Financial details and exact figures were not disclosed by A24 and Thrive Capital, but sources confirm to Variety the investment from Thrive Capital gives it a valuation of about $3.5 billion — a 40% increase since A24’s first round of funding, which was $225 million at $2.5 billion in 2022.
Kushner’s New York-based investment firm has previously backed Instagram, Spotify, Stripe and more companies. In addition to Thrive Capital’s investment, A24 has also received “increased support” from existing investors who participated in the previous round of funding, per the studio.
Founded in New York in 2012 by Daniel Katz, David Fenkel and John Hodges, A24 boasts a catalog of 150 films and 50 TV series and has garnered 16 Oscars, 14 Golden Globes and 18 Emmys.
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