Thrive Global Series-C

This is the Thrive Global pitch deck to raise a $80m series-c round in 2021.

About

Thrive Global is a leading behaviour change technology company helping individuals, corporations and communities improve their well-being and performance through our behaviour change platform, storytelling, and corporate services. Thrive was founded by Arianna Huffington and launched in 2016 with the mission of changing the way we work and live by ending the collective delusion that burnout is the price we must pay for success. We offer companies and individuals sustainable, science-based solutions to enhance both mental and physical well-being and performance, purpose, and our relationship with technology. We are committed to accelerating this cultural shift around the world. Thrive Global is headquartered in New York City and has offices in San Francisco, Athens, Bucharest, Dublin, and Melbourne. For more information, visit www.thriveglobal.com.

When Arianna Huffington founded her wellness startup Thrive Global in 2016, she was one of only a few high-profile business executives regularly talking publicly about burnout.

Supercharged by a global pandemic that upended most people’s working lives, “burnout” has become part of the everyday lexicon and an increasingly important issue for business leaders.

Huffington told Insider that 2020 was a banner year for Thrive, which offers companies a software platform, app, and a range of other support to help improve their employees’ well-being. The first quarter of 2020 was Thrive’s biggest-ever in bookings, the majority of which took place in March when COVID hit, she said.

While Thrive declined to disclose revenue numbers, the company projected it would more than double its annual recurring revenue, or ARR (Read: ARR Monthly Recurring Revenue explained for SaaS startups), this year and continue the trend of doubling revenue each year over the next three years.

Earlier this month, Thrive raised an $80 million funding round led by Kleiner Perkins and Owl Ventures at a $700 million-plus valuation, Bloomberg first reported.

Huffington said Thrive plans to spend the new funds on ramping up hiring, largely across product, engineering, and business development. Thrive, which has a headcount of around 125 people, currently has more than 100 job openings.

Elsewhere, acquisitions are also likely to play a role in Thrive’s plans as the company looks to enhance its data and artificial intelligence capabilities, Huffington said. An IPO could also be a possibility, though she added that Thrive’s main focus for 2021 is growth.

“This year is all about our focus on ARR and becoming the one-stop-shop for the employee experience,” Huffington said. “That’s our priority, bringing together not just mental health and wellbeing but learning and development and productivity management.”

Funding Rounds

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