Independent film studio A24 receives new funding from Thrive Capital, raising its valuation to $3.5 billion.

Independent film studio A24, known for Oscar contenders and arthouse films, receives new funding led by Thrive Capital, increasing its valuation to $3.5 billion (40% growth from 2022). Thrive Capital, known for backing Instagram and Spotify, has invested in A24's growth since its first funding round. The latest funding round follows a $2.5 billion valuation after a $225 million investment in 2022.