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Thrive Capital Gets $400 Million More

By Liz Gannes

Thrive Capital, an up-and-coming VC firm in New York City, has raised $400 million, which is more than double its last fund two years ago. Among Thrive’s hits are Instagram, Switch and Spotify. Founder and managing partner Josh Kushner also currently leads the health insurance startup Oscar.

This article originally appeared on Recode.net.

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