Thrive Capital, a New York-based venture fund which has backed companies like Warby Parker, Instagram, Twitch and has launched a few of its own (Oscar, Cadre, Maple), has closed $700 million for its fifth fund. The raise nearly doubles the $400 million Thrive collected for its last fund in 2014. Reps for Thrive say the fund’s investment team (Joshua Kushner, Miles Grimshaw, Chris Paik, Jared Weinstein, and Kareem Zaki) will focus the new capital on early stage companies. Thrive will also make occasional bets on later-stage growth investments—previous growth plays have included Stripe, Github, and Slack.

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