A24 Secures New Investment Round Led By Josh Kushner’s Thrive Capital
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deadline.comA24 has closed an investment round led by Thrive Capital, the New York investment firm of Josh Kushner, who will join the indie distributor’s board of directors.
The company also received increased support from existing investors who participated in the previous round including Ken Fox’ private equity firm Stripes, and investment fund Neuberger Berman.
There was no dollar figure given in the announcement of the fund raise, the company’s second. In 2022, it secured a $225 million equity investment led by Stripes that valued A24 at $2.5 billion.
Deadline hears the investment announced today reps an increase in valuation of 40% since then, valuing it at just over $3.5 billion.
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