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A24 Raises Funding Round Led by Josh Kushner’s Thrive Capital, Valuing Studio at $3.5 Billion

  2024-08-01 varietyJennifer Maas29230
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Film and TV studio A24 has secured a new round of funding led by Josh Kushner’s investment firm Thrive Capital. In conne

A24 Raises Funding Round Led by Josh Kushner’s Thrive Capital, Valuing Studio at $3.5 Billion

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 join 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 PvNew the investment from Thrive Capital gives it a valuation of about $3.5 billion — a 40% increase since A24’s most recent round of funding in 2022, which was $225 million at a $2.5 billion valuation.

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(By/Jennifer Maas)
 
 
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